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.

China's bond market balance hits 108 trillion yuan, ranking second globally

China's bond market balance has hit 108 trillion yuan ($15.28 trillion), ranking second globally, the country's central bank announced on Friday.
Source: Global Times | 2020/7/3 14:15:32

Delayed shipments resolved at Indian ports: Foxconn

Foxconn Technology Group, the world's largest contract manufacturer of consumer electronics, confirmed with the Global Times on Friday that the customs clearance procedures for its products delayed at Indian ports have been resolved and will not affect supplies to the Indian market.
Source: Global Times | 2020/7/3 13:02:33

Budweiser refutes rumor of employee urinating in beer

Budweiser Brewing Co has refuted rumors that its employee has been urinating in beer for years in a Thursday statement, calling it a "total fabrication."
Source: Global Times | 2020/7/3 11:00:24

Hong Kong remains home for international business: AmCham in HK

The American Chamber of Commerce (AmCham) in Hong Kong said it will remain committed to Hong Kong as a home base for international business following the National Security Law took effect in the Special Administrative Region (SAR) at 11 pm on Tuesday.
Source: Global Times | 2020/7/3 10:51:07

Chinese medicinal material price index down 0.06 pct

The Kangmei Chinese medicinal material price index, a barometer of the traditional Chinese medicine (TCM) material market, dropped 0.06 percent to 1,279.16 points Friday.
Source: Xinhua | 2020/7/3 10:23:39

China to solicit ideas on climate change investment and finance globally

China celebrated its eighth annual National Low-carbon Day on Thursday, aiming to raise public awareness of energy efficiency and promote a low-carbon economy.
Source: | 2020/7/3 3:28:08

US avocados set to become available in China

Avocados from California are now available in the Chinese market, the US embassy said Thursday, marking another US agricultural product that is available for Chinese consumers, despite the escalating tensions between China and the US recently.
Source: Global Times | 2020/7/3 1:13:40

Chinese exporters shift to domestic market to withstand coronavirus crisis

Facing the coronavirus crisis, Chinese exporters are racking their brains for solutions. One method they are trying is shifting to domestic customers with the help of supportive policies provided by the government as well as large online platforms.
Source: Global Times | 2020/7/2 22:53:40

Salmon back on shelves, yet market recovery takes time

Some fresh salmon products are returning to the shelves after health authorities clarified that there is no evidence suggesting salmon is a direct host or intermediate carrier of the virus which causes COVID-19. However, insiders said that given public confidence in salmon products has taken a knock after the outbreak of the coronavirus at Xinfadi wholesale market in Beijing's Fengtai district, it will take at least another three months for the market to return to normal.
Source: Global Times | 2020/7/2 22:08:40

China-Australia friction wreaks damage to Australia's property market

House prices in Australia fell slightly in June amid a new virus outbreak and its deteriorating ties with China, as more Chinese choose not to buy properties there due to an increasingly unfriendly atmosphere.
Source: Global Times | 2020/7/2 22:03:40

HK stock market picks up steam after security law takes effect

The Hong Kong market entered rally mode on Thursday, with the benchmark Hang Seng Index (HSI) closing 2.85 percent up on the first trading day after the National Security Law for the city took effect.
Source: Global Times | 2020/7/2 21:49:47

China suspends imports from meat processors in Brazil, Argentina, Germany, Canada and the Netherlands over coronavirus concerns

China customs said on Thursday that several meat processors in Brazil, Argentina, Germany, Canada and the Netherlands have suspended exports to China since late June, a move which industry insiders said represents part of Beijing's strengthened measures on frozen imports as more cluster infection cases emerged in food processing factories overseas.
Source: Global Times | 2020/7/2 21:33:51

It's unwise if India gives up Chinese telecom equipment: analysts

India cannot bear the consequences of losing the participation of Chinese companies in its infrastructure and 5G rollout, and the scrutiny leveled at Chinese technology products may decouple the country from global 5G development, analysts said.
Source: Global Times | 2020/7/2 20:33:40