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Chinese tech shares see strong NASDAQ performance amid surging domestic stocks


As China's A shares continue to roar, the latest Chinese stocks on NASDAQ also rocketed on Wednesday.


AI robots help to ensure staff safety in China's COVID-19 quarantine control

"Baoxiaodi," as the team of robots have been nicknamed, have worked in several hospitals that treat COVID-19 patients including Huoshenshan Hospital in Wuhan, capital of Central China's Hubei Province. They delivered medicines, test results and hospital directions. Five of them were recently "hired" by the quarantine hotel in Shijingshan district to ensure the health and safety of staff in the quarantine zone, according to the report.
Source: Globaltimes.cn | 2020/7/6 2:21:23

First tranche of HK's cash incentive, valued at $5.16 billion, to reach residents this week: Paul Chan

HK$40 billion ($5.16 billion), the early fruits of Hong Kong cash incentives, will arrive in the hands of 4.3 million Hong Kong residents this week, said Hong Kong Finance Secretary Paul Chan Mo-po on Sunday.
Source: Globaltimes.cn | 2020/7/5 23:42:03

HK's residents and experts expect security law to reboot local economy

Not one week after the new national security law came into effect in Hong Kong has the local economy become stable, with local residents voicing their support for the legislation, hoping it would help Hong Kong's economy recover by stemming the city's recent social chaos and boosting mainland-HK cooperation.
Source: Global Times | 2020/7/5 21:33:40

China's firework exports to the US fall despite the Fourth of July gala performance

US President Donald Trump kicked off his country's Fourth of July celebrations on Saturday night, featuring one of the largest fireworks displays ever, with industry insiders estimating bulk of the total number of fireworks originating in China.
Source: Global Times | 2020/7/5 20:58:41

India continues to rely on Chinese products to counter COVID-19

As reported by media outlets around the world, India has recently become the fourth country in the world to surpass 600,000 confirmed COVID-19 cases, leading to experts in China suggesting that the country could engage in deeper medical supply cooperation with China, if not for the hostility it recently adopted toward China and Chinese-made products.
Source: Global Times | 2020/7/5 20:28:40

China-Canada ties set to sour following Ottawa's political posturing on HK

Beijing and Ottawa's relationship in the wake of Canada's announcement to suspend its extradition treaty with Hong Kong would inevitably cast a dark shadow over those betting on improved bilateral economic ties, market watchers said.
Source: Global Times | 2020/7/5 20:23:40

Nation's GDP predicted to grow 1-3% despite floods and pandemic

The floods hitting southern China is casting doubts on whether the Chinese economy would revive as fast as widely expected, although Chinese experts are upbeat that the economy will achieve positive growth of 1-3 percent over 2019.
Source: Global Times | 2020/7/5 19:18:40

NYSE-listed Chinese online lending company under investigation: Hangzhou police

The New York Stock Exchange (NYSE)-listed Chinese financing solution provider Weidai is being investigated for suspected illegal collections of public deposits, police from Hangzhou, capital of East China's Zhejiang Province, said on Saturday.
Source: Global Times | 2020/7/5 18:28:40

Foreign-branded automakers' sales in China are reviving

Foreign-branded car manufacturers' sales in China reported a fast recovery in June as the COVID-19 pandemic has been put under control in the country, with an industry analyst predicting China to become the world's most promising auto market in 2020.
Source: Global Times | 2020/7/5 18:18:40

Daimler, Volkswagen invest in Chinese EV battery makers

Leading Global automakers are ramping up efforts to secure partnerships with Chinese EV battery firms to gain a share of the giant Chinese market and strengthen competitiveness worldwide, a move industry analysts say shows optimism in the world's largest EV market despite a slowing global economy.
Source: Global Times | 2020/7/5 16:13:40

'Disinfection worker' emerges as COVID-19 prevention becomes routine

As China implements regular COVID-19 prevention and control measures, a new type of job called “disinfection worker” has emerged, with over 8,000 people in Beijing's Fengtai district, where just witnessed a new coronavirus outbreak , are being trained.
Source: Global Times | 2020/7/5 14:23:40

China's investment in railways rises 1.2% in H1 despite pandemic

China's fixed asset investment in railways exceeded expectations in the first half of 2020, with investment in fixed railway assets reaching 325.8 billion yuan, rising 1.2 percent year-on-year, marking the government's determination to boost the economy.
Source: Global Times | 2020/7/5 14:18:40

Chinese courts adopt electronic door seals based on blockchain technology

Blockchain technology is being used across wider applications such as electronic door seals in China, with Chinese courts starting to trial the seals, which could allow for real-time video surveillance and immediate alarm based on the cutting-edge technology.
Source: Global Times | 2020/7/5 11:36:01