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China encourages foreign investment in more sectors, focuses on stable and self-controlled industry chains


China has significantly increased the number and type of items on its newly revised industry catalogue, released on Monday, to encourage foreign investment.


CFLD introduces McDonald's smart supply chain to Central China's Hubei

The supply chain smart industrial park built by McDonald's China has officially settled in Hanxiao New Industry City in Central China's Hubei Province, after McDonald's China and its four major suppliers signed contracts with the local government in Xiaonan District, Xiaogan City and China Fortune Land Development Co (CFLD) on December 18th.
Source: Global Times | 2020/12/23 15:26:02

China's GDP projected to grow 7.9% in 2021, as recovery accelerates: World Bank

Economic growth in China is expected to slow to 2 percent this year, before rebounding to 7.9 percent growth in 2021, as private investment and consumption heats up next year, a World Bank report released on Wednesday projected.
Source: Global Times | 2020/12/23 14:43:40

Chinese autonomous vehicle start-up WeRide raises $200 million from bus maker

Chinese autonomous vehicle start-up WeRide announced Wednesday that it has received a strategic investment of $200 million from China's major bus maker Yutong Group, the largest investment in domestic autonomous driving sector made by a Chinese automaker.
Source: Global Times | 2020/12/23 14:16:29

China's natural gas increment hits 10 billion cubic meters for 4 consecutive years: NEA

China's natural gas production has increased by more than 10 billion cubic meters for four consecutive years, Zhang Jianhua, head of the National Energy Administration (NEA), said at China's annual energy work conference on Tuesday, according to the Xinhua News Agency.
Source: Global Times | 2020/12/23 11:33:40

US retailers welcome newly reached fiscal relief, call for more aid

The National Retail Federation (NRF) has welcomed the Congressional passage of the COVID-19 relief package, noting that more robust stimulus is needed to shore up the economy.
Source: Xinhua | 2020/12/23 11:01:44

World Bank: China's GDP to rise to 7.9% in 2021

World Bank: China's GDP to rise to 7.9% in 2021
Source: Global Times | 2020/12/23 10:09:07

China's handover of Sukkur-Multan Motorway to Pakistan epitomizes progress of building CPEC despite pandemic: FM

The smooth handover of Sukkur-Multan Motorway, the largest transportation infrastructure project under the China-Pakistan Economic Corridor (CPEC) – epitomizes progress in building the CPEC by overcoming negative impacts of the global pandemic, Chinese Foreign Ministry spokesperson Wang Wenbin said at a regular press briefing on Tuesday.
Source: Global Times | 2020/12/23 0:06:48

'Yiwu index' points to bleak Xmas, dark hours in West

Almost a year ago when COVID-19 cases emerged in Wuhan, capital of Central China's Hubei Province, Western media were fixated on criticizing and slandering China's unprecedented response to the epidemic, as one of the most important holiday season in the country - the Chinese New Year - was disrupted. Some even linked the epidemic to China's system and culture, sparking at times a racist attitude toward not just Chinese but Asian people.
Source: Global Times | 2020/12/22 22:43:39

US move to publish list of Chinese companies with alleged military ties threatens global industrial supply chain

Tensions between China and the US have not been cooling, and the Trump administration recently escalated the situation by releasing list of Chinese enterprises that allegedly have military connections.
Source: Global Times | 2020/12/22 22:38:39

China's market watchdog introduces requirements for community group buying; Alibaba, Tencent join meeting

China's market watchdog introduces requirements for community group buying; Alibaba, Tencent join meeting
Source: Global Times | 2020/12/22 22:13:29

COVID-19 vaccine 'golden opportunity' for Chinese companies going overseas

As the world holds high hopes for a vaccine to emerge amid the pandemic, global biological and drug firms are racing on research and development (R&D) efforts and rolling out their products as early as possible, and the participation of Chinese firms in the process provides a golden opportunity for their internationalization, experts said.
Source: Global Times | 2020/12/22 22:02:13

China vows 'necessary measures' in response to US' release of its 'military end user' list

China vows 'necessary measures' in response to US' release of its 'military end user' list
Source: Global Times | 2020/12/22 21:13:22

Chinese mask producers' shares get boost as COVID-19 pandemic worsens abroad

Shares of some medical supply companies in China rose by the 10-percent daily limit on Tuesday after the global drive to control the coronavirus took a turn for the worse when the UK reported a mutated strain of the deadly virus.
Source: Global Times | 2020/12/22 19:48:04