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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.


Closer manufacturing ties between China, Germany in the making

China and Germany should pivot toward manufacturing and create new types of international organizations and industrial partnership platforms in the spheres of intelligent manufacturing and industrial internet, said a report on Tuesday that envisions closer ties between the two global manufacturing powers.
Source: Global Times | 2020/12/22 18:47:08

FM refutes report on EU-China CAI; steady bilateral relations benefit world

The Chinese Foreign Ministry on Tuesday refuted Western media reports claiming that China is in a rush to reach EU-China Comprehensive Agreement on Investment (CAI) by the end of 2020 in a bid to strengthen China-EU relations ahead of Joe Biden's inauguration, stressing that China's stance towards China-EU relations has been clear and constant.
Source: Global Times | 2020/12/22 17:50:57

Polish dairy exports to China growing 70% in 2020: Embassy

As the fifth largest dairy producer in Europe, Poland's dairy products are popular among Chinese consumers. According to statistics provided by the Polish Ministry of Finance, Polish dairy products exported to China in 2020 rose 70 percent year-on-year.
Source: Global Times | 2020/12/22 15:48:40

China's high-speed railways to reach 38,000 km by year-end: white paper

Thanks to the fast development of its network, the total track length of China's national railways is expected to reach 146,000 kilometers by the end of 2020, with high-speed railways to reach 38,000 kilometers, Yan Hexiang, chief engineer of the National Railway Administration, said at a press briefing on Tuesday.
Source: Global Times | 2020/12/22 15:22:09

China's successful handling of COVID-19, adequate industrial chains guarantee world supply amid pandemic

“These car models will be exported to the US, and products on that production line is exporting to Europe,” John Ng, a factory manager of Maisto, a car model manufacture in Dongguan, South China's Guangdong Province, told the Global Times from the company's factory.
Source: Global Times | 2020/12/22 15:13:39

Dalian commodity exchange allows overseas traders to do palm oil futures

The Dalian Commodity Exchange introduced overseas traders on palm oil futures trading on Tuesday, marking a major step in enhancing the exchange's status and helping strengthen risk management.
Source: Global Times | 2020/12/22 14:13:39

Luxshare Precision is operating normally despite US Section 337 probe

The US ITC Section 337 investigation will not have a material impact on Luxshare Precision's production and business operations, according to a release by the Chinese company on Monday, in response to US Amphenol Group's investigation application initiated by US authorities on Friday in accordance with Section 337 of the US Tariff Act of 1930.
Source: Global Times | 2020/12/22 10:49:22

Chinese firm buys Bayer unit to augment COVID-19 vaccine production

WuXi Biologics, a global company with open-access biologics technology platforms, said on Monday that it will take over and operate the Drug Substance (DS) facility at Bayer's Wuppertal site for COVID-19 vaccines production.
Source: Global Times | 2020/12/22 9:21:28

Eurasian countries show great interest in China-proposed global COVID-19 QR code

Eurasian countries have shown great interest in an international digital health code for individuals proposed by China to prevent the spread of the coronavirus, said representatives from various medical associations on Monday.
Source: Global Times | 2020/12/22 0:42:48

China attaches great importance to regional power shortages amid rising demand, new-energy ambition

China has run into a regional power shortage with multiple localities having curbed electricity use and imposed rationing in recent days, drawing a wide array of discussions on Chinese social media platforms, as the country scales up its green energy ladder to expand the share of renewables in its energy mix to meet its ambitious climate goal to reach carbon neutrality by 2060.
Source: Global Times | 2020/12/21 23:21:42

Trials of carbon trading in China underpin vision of clean energy consumption

As part of efforts to push for the transition to a low-carbon economy, China has launched trials of carbon trading in seven designated areas including Beijing, according to a white paper on energy development released on Monday that outlines the country's vision to remake energy consumption.
Source: Global Times | 2020/12/21 21:18:39

HarmonyOS gives China own ecosystem, has far-reaching importance to nation's software sector: Huawei's Wang Chenglu

Huawei launched a new variety of the S-series Smart Screen and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, further major steps toward building a complete ecosystem based on its own OS.
Source: Global Times | 2020/12/21 20:52:30

Clearance measures slow movement of overseas cold-chain food, importers call for streamlined process

While tougher sterilization and inspection have greatly reduced the risks of imported coronavirus cases via cold-chain food in China, some importers have felt rising pressure from longer clearance times at ports, which can take up to half a month. Industry insiders said that strict precautions are necessary but the process must be streamlined to smooth supply chains.
Source: Global Times | 2020/12/21 20:38:40