Shen Weiduo
Reporter, Beijing
Business reporter following China’s macro economy and global high-tech firms.
  • China to buy $150b worth of agricultural goods from ASEAN, in efforts to boost ties

    President Xi Jinping announced on Monday several major initiatives to boost economic cooperation between China and the Association of Southeast Asian Nations (ASEAN), including striving to import $150 billion worth of agricultural products from ASEAN countries over the next five years, offering additional financial assistance to the bloc's economic recovery and anti-epidemic efforts, as well as providing advanced technology.

    By Shen Weiduo | 2021/11/22 12:28:58
  • Xi, Biden begin virtual meeting amid US' softening rhetoric on possible tariff removal

    Chinese President Xi Jinping and US President Joe Biden have started a virtual meeting on Tuesday morning, where senior economic officials from both sides are also attending, suggesting that trade and economic topics will likely be covered at the closely watched meeting.

    By Li Xuanmin and Shen Weiduo | 2021/11/16 9:17:35
  • Washington eases stance on trade ahead of Xi-Biden talks

    Ahead of a virtual meeting between Chinese and US top leaders, some senior US officials hinted at lifting tariffs in resolving the trade dispute between the world's two largest economies.

    By Chen Qingqing and Shen Weiduo | 2021/11/15 21:30:13
  • GT Exclusive: Canadian envoy says 'major issue' resolved in China-Canada ties with Meng's release, but China thinks more needs to be done

    Chinese analysts on Thursday cautioned that the US may continue to pose uncertainties and risks to China-Canada bilateral ties, and they called on Ottawa to refrain from blindly following Washington in its attempt to contain China, as Chinese and Canadian officials seek to improve bilateral ties after the biggest hurdle has been removed with Huawei executive Meng Wanzhou's return to China.

    By Shen Weiduo and Zhang Hongpei | 2021/10/28 20:23:40
  • GT Exclusive: 'Major issue' resolved in China-Canada ties with Meng's release: Canadian envoy

    Chinese and Canadian officials on Wednesday struck a rare positive tone on the prospect of the bilateral relationship after nearly three years of diplomatic tension, saying that the biggest hurdle for bilateral ties has been removed after the safe return of Meng Wanzhou to China several weeks ago.

    By Shen Weiduo | 2021/10/28 0:55:08
  • News analysis: Huawei forges ahead in new direction as forced transformation takes shape

    "Black technology," brainstorming lectures, programming labs, free drinks and snacks, decorative balloons, and music festivals... the 2021 Huawei Developer Conference (HDC), also its biggest event each year held in the warm southern city of Dongguan over the weekend, makes it hard for me to imagine that the company is still struggling and suffering major setbacks under US sanctions.

    By Shen Weiduo | 2021/10/24 21:03:39
  • Huawei launches updated HarmonyOS 3.0, on fast track to shake off US ban

    Chinese telecommunications giant Huawei launched an updated version of its self-developed operating system (OS), the HarmonyOS 3.0 for developers on Friday, putting the firm on the fast track to shake off reliance on Google's Android, while also paving the way of recovering from a hobbled handset business amid US sanctions.

    By Shen Weiduo and Zhao Juecheng in Dongguan | 2021/10/22 17:04:24
  • 'If faith has a color, it must be China red': Patriotism prevails as Meng Wanzhou arrives on home soil

    Huawei's chief financial officer Meng Wanzhou arrived at the Shenzhen Baoan Airport Saturday night after a 13-hour flight from Vancouver after she was freed by the US and Canadian authorities that found her not guilty, with no punishment in fraud charges.

    By Chen Qingqing and Shen Weiduo | 2021/9/25 21:55:42
  • Major progress for China's diplomacy as US heeds call from Chinese request list to release Meng Wanzhou

    When many Chinese woke up Saturday morning surprisingly learning that the return of Huawei's Meng Wanzhou to China became a reality, some said it was the best news in quite a while.

    By Chen Qingqing, Shen Weiduo and Cao Siqi | 2021/9/25 21:10:25
  • Chinese people eagerly wait for Meng Wanzhou's return; related topics top social media charts

    Huawei's Meng Wanzhou reached a landmark deal with the US Justice Department on Friday that will allow her to return to China, under which the senior executive of the Chinese company has not pleaded guilty. It marks the end of Meng's nearly three-year detention in Canada, and may help ease the frozen China-Canada tie and frictions between China and the US, experts said.

    By Chen Qingqing and Shen Weiduo | 2021/9/25 7:28:38
  • Huawei to focus on HarmonyOS, openEuler same time, transforming amid chip ban 'painful': executive

    Huawei will focus on the two operating systems, namely the HarmonyOS and openEuler at the same time, both will be open source, in an effort to solve the domestic stranglehold problem of lacking its own operating system in basic technology, Huawei's rotating chairman Eric Xu Zhijun told reporters at a roundtable interview on Friday.

    By Shen Weiduo | 2021/9/24 21:37:13
  • Current COVID-19 test kits still accurate to mutant strains: Chinese producers

    The COVID-19 test kits produced by major Chinese manufacturers still have high accuracy in detecting mutant strains, several producers said, in response to rising public concerns that whether the mutant strains such as Delta will affect reliability.

    By Zhao Juecheng and Shen Weiduo | 2021/9/15 13:13:09
  • First China-Russia highway bridge ready for operation: MOFCOM

    The Blagoveshchensk-Heihe highway bridge, the first highway bridge connecting China and Russia across the Heilongjiang River, is ready to open to traffic, China's Ministry of Commerce (MOFCOM) said on Thursday, marking the completion of another key cross-border infrastructure project that could pave the way for a closer economic bond between the two countries.

    By Shen Weiduo and Ma Jingjing | 2021/9/9 19:58:40
  • Vice premier Liu He vows unwavering support for private sector

    Chinese Vice Premier Liu He on Monday vowed unchanged and firm support to the country's private sector, a sign from the top of reassurance to businesses, clarified misinterpretations, and also fought back at foreign smearing of China's tightened regulatory measures over a range of sectors.

    By Shen Weiduo and Li Qiaoyi | 2021/9/6 21:49:28
  • 1,000 days on, detention of Meng Wanzhou overshadows China-Canada ties

    As August 26 marks the 1,000th day since Chinese citizen Meng Wanzhou was arbitrarily and illegally detained by Canadian government at the request of the US government, Chinese diplomats and experts once again urged the Trudeau administration to quickly correct its mistake of serving as Washington's willing accomplice that has dragged China-Canada relations to freezing point and cast a shadow over future prospects not only in politics but also in trade and business.

    By Chen Qingqing and Shen Weiduo | 2021/8/26 20:00:44
  • How China achieves, sustains victory in fight against extreme poverty, toward common prosperity under CPC

    On July 1, China declared that it has reached its first centenary development goal - building a moderately prosperous society, or xiaokang, in all respects and is marching in confident strides toward the second centennial goal of building the nation into a great modern socialist country. To decipher what that means in the context of where China is now and where it's heading, the Global Times is publishing a series of multimedia products about the achievements under the xiaokang goal in various aspects. This piece focuses on how the Communist Party of China [CPC] led the entire Chinese nation to a victory in the battle against extreme poverty, how it strives to sustain such a hard-fought achievement, and where it's headed next.

    By Wang Cong and Shen Weiduo | 2021/8/19 20:26:52
  • Canadian judge unusually questions validity of US' claim for extradition of Huawei's Meng Wanzhou as legal battle enters final stage

    As the case of Huawei's Meng Wanzhou enters its final stage after two years of legal wrangling, a Canadian judge on Thursday appeared skeptical of the arguments made by prosecutors, questioning the validity of the case by the US against Meng, a court hearing note acquired by the Global Times showed.

    By Chen Qingqing and Shen Weiduo | 2021/8/13 17:31:22
  • Post-Merkel China-Germany economic ties in focus, 5G to be key testing ground

    As veteran German leader Angela Merkel plans to step down in a few weeks, the future of the massive China-Germany economic and trade relationship could enter a period of uncertainty with very different views and rhetoric coming out from German politicians about the direction of Berlin's China policies.

    By Wang Cong and Shen Weiduo | 2021/8/10 20:18:39
  • Exclusive: US consulate pressures firms to leave HK in fresh attempt to sow chaos in the city

    After issuing a warning to US firms over the “risks” of doing business in the Hong Kong Special Administrative Region (HKSAR), the US government has taken a step further and sought to pressure businesses to leave the city, in a fresh attempt to sow chaos in the city and interfere in China's internal affairs, a source close to the matter told the Global Times on Monday.

    By Shen Weiduo and Zhao Juecheng | 2021/8/10 0:14:59
  • China's exports to B&R countries show robust growth despite COVID-19 challenge

    China's exports to countries participating in the Belt and Road Initiative (B&R) have surged by 25.3 percent on a yearly basis in the first seven months this year, as Chinese experts praised trade with the B&R Initiative regions as a "stabilizer" of China's trade exchanges despite external challenges including the coronavirus.

    By Xie Jun and Shen Weiduo | 2021/8/9 18:08:40
  • Ericsson's setback in China linked to Sweden's crackdown on Chinese firms: source

    Swedish telecom behemoth Ericsson scored poorly in a recent 5G radio tender in China, which is linked to the Swedish government's arbitrary crackdown on Huawei and other Chinese firms, according to a source familiar with the matter.

    By Li Qiaoyi and Shen Weiduo | 2021/7/22 22:40:48
  • Huawei says Google's new AAB format won't hamper HarmonyOS progress

    Chinese telecommunications firm Huawei told the Global Times on Sunday that Google's switch to the AAB format, also known as Android App Bundles, will neither affect the experience of HarmonyOS users nor slow the development of the OS as some media reports have speculated.

    By Chen Qingqing and Shen Weiduo | 2021/7/11 19:37:31
  • Exclusive: China's gene giant says prenatal test not developed in partnership with military, saying Reuters' report 'factually incorrect'

    A leading Chinese gene company BGI Group told the Global Times on Thursday that it has never provided data from its non-invasive prenatal test (NIPT) to Chinese authorities and the prenatal tests were not developed in partnership with China's military and it strictly adheres to national and international requirements on data privacy. The company was responding to Reuters' report which it calls "factually incorrect."

    By Xu Keyue and Shen Weiduo | 2021/7/8 18:14:44
  • China's AI sector rushes for new chips with all-out efforts to counter US ban

    As investment pours into the cash-burning chip sector amid China's all-out efforts to become independent and counter the US threat, domestic semiconductor companies that specialize in artificial intelligence (AI) are among the first to see major progress.

    By Qi Xijia in Shanghai and Shen Weiduo in Beijing | 2021/7/7 22:14:11
  • China's push to vaccinate its nationals abroad helps local economies

    China's overseas vaccine program, known as the "spring sprout" program, that aims to ensure its nationals across the globe receive vaccines timely, is also supporting China-assisted projects and Chinese firms' operations abroad, some business representatives told the Global Times.

    By Shen Weiduo and Chu Daye | 2021/7/4 21:03:39
  • Swedish court ruling on Huawei 'politicized', placing Ericsson in peril: analyst

    Swedish court has on Tuesday decided to uphold a ban on Huawei selling 5G network equipment in the country; the move, a purely politicized decision without any facts and evidence base, will not only delay global 5G progress as Huawei is a major contributor, but may also put the fate of Ericsson in danger, analysts said.

    By Shen Weiduo and Chen Qingqing | 2021/6/23 12:52:28
  • Honor 50 series handset powered with Qualcomm chips launched in Shanghai

    Honor, the smartphone brand sold by Huawei after the US imposed a chip ban last year, officially launched its 50 series on Wednesday. The premium smartphone line is also its first phone series powered by Qualcomm's new Snapdragon 778G 5G chip.

    By Zhao Juecheng in Shanghai and Shen Weiduo in Beijing | 2021/6/16 22:59:05
  • Huawei launches HarmonyOS 2.0 in ambitious move to counter US ban, dominance

    Chinese telecommunications giant Huawei on Wednesday night officially launched the 2.0 version of its self-developed operating system (OS), the HarmonyOS for smartphones, in its latest bid to shrug off the US' crackdown. The move also paved the way for the Chinese firm to challenge Google's and Apple's dominance in current and future OS ecosystems.

    By Shen Weiduo, Chen Qingqing and Fan Lingzhi | 2021/6/2 21:44:00
  • China maintains 'artificial sun' at 120 million Celsius for over 100 seconds, setting new world record

    Chinese scientists have set a new world record of achieving a plasma temperature of 120 million degrees Celsius for a period of 101 seconds in the latest experiment on Friday, a key step toward the test running of a fusion reactor.

    By Yang Kunyi and Shen Weiduo | 2021/5/28 17:20:37
  • Self-reliance among Chinese high-tech firms speeds up amid volatile China-US ties

    While the US is racking its brain to rally against China and cracking down on China's tech rise, Chinese high-tech firms are now reaching a “silent consensus” and speeding up efforts to break reliance on the country, and drive localization efforts along the industrial chain from chips, operating system and supercomputers to robots.

    By Shen Weiduo and Ni Hao in Tianjin | 2021/5/21 23:13:39
  • China eyes intelligent manufacturing amid external risks

    From dancing robots and 5G appliances, to solutions for smart factories and logistics, "intelligent transformation" was the key word during the ongoing fifth World Intelligence Congress (WIC) in North China's Tianjin Municipality on Thursday.

    By Shen Weiduo and Ni Hao in Tianjin | 2021/5/20 21:53:39
  • China's semiconductor IP sector accelerates drive for self-reliance

    The semiconductor intellectual property (IP) sector in China is growing rapidly by the day, with tens of thousands of chip design companies striving for self-reliance amid an ever-escalating China-US tech rivalry and lingering US crackdown. But they still face challenges, including the lack of top talent, analysts say.

    By Zhang Dan and Shen Weiduo | 2021/5/19 22:29:58
  • China's Shenzhen city greets bio-tech, a new growth lever

    With two giant statues towering over the front door and a main building in the shape of terraces, the China National GeneBank (CNGB) is no doubt an iconic landmark in Shenzhen, the rising southern Chinese metropolis that's filled with skyscrapers and is ready to emerge as a new Oriental “silicon valley” in the eyes of many.

    By Shen Weiduo and Zhang Ni in Shenzhen | 2021/5/16 17:03:39
  • Political factors aside, Ericsson can't compete with Huawei: analysts

    Commenting on Huawei's exclusion from Sweden's 5G rollout and the fate of Ericsson in China, Chinese Ambassador to Sweden Gui Congyou urged Sweden to stop politicizing Huawei's 5G equipment and said that Ericsson's situation in China will be decided by the Chinese market and consumers.

    By Chen Qingqing and Shen Weiduo | 2021/5/12 22:23:40
  • Sales of Guangxi luosifen noodles surge after President Xi's 'thumbs-up'

    Sales of luosifen rice noodles, a local specialty in South China's Guangxi Zhuang Autonomous Region, have skyrocketed across the country after Chinese President Xi Jinping praised the rapidly growing industry on Monday.

    By Shen Weiduo and Tao Mingyang | 2021/4/27 21:19:33
  • China-US relationship likely to be competitive in many domains: Henry Paulson

    The China-US relationship is likely to be competitive in many domains, which may mean some level of strategic decoupling, said Henry Paulson, former US treasury secretary, who made the comments on Tuesday at the China-US Entrepreneurs Symposium, a sideline event of the Boao Forum for Asia (BFA).

    By Chi Jingyi and Shen Weiduo in Boao | 2021/4/21 17:03:39
  • Chinese COVID-19 vaccine producers mull technology transfer to tackle global vaccine inequities

    Chinese COVID-19 vaccine producers such as Sinovac and CanSinoBIO are mulling technology transfers to other countries to help address the global vaccine inequity issue, company executives said at the 2021 Boao Forum for Asia (BFA) on Tuesday.

    By Shen Weiduo in Boao and Leng Shumei in Beijing | 2021/4/20 22:23:39
  • Unified legal, tax systems called for GBA

    Institutional reform is crucial for the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), with unified laws, tax policies and free exchanges of people and goods, city heads and experts said at a discussion panel about the GBA's development at the Boao Forum for Asia.

    By Chi Jingyi and Shen Weiduo in Boao | 2021/4/20 21:18:39
  • RCEP faces challenges as comprehensive China-US competition takes shape: experts at Boao forum

    The Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal signed by China and 14 other economies in November 2020, is facing challenges as comprehensive China-US competition has taken shape, officials and experts said at a seminar during the 2021 Boao Forum for Asia (BFA) on Monday.

    By Shen Weiduo in Boao | 2021/4/19 23:13:40
  • Huawei bets more on cars as phone business declines

    Chinese tech giant Huawei Technologies Co launched a series of intelligent car components and solutions including 4D imaging radar on Sunday, another foray into the vehicle sector that analysts said could help it offset the impact of the US' suppression of its mobile business – and perhaps also enable the company to rival industry giants like Tesla.

    By Shen Weiduo and Liu Zhongyin | 2021/4/19 1:23:39
  • Boao Forum to further integrate Asian economies, boost global governance

    The 2021 Boao Forum for Asia (BFA) kicked off in Boao, a coastal resort in South China's Hainan Province on Sunday. In the post-COVID19 era, attendees' anticipation for the conference, also the first international forum comprising mostly offline conferences this year, includes not only helping Asian countries shore up confidence in accelerating economic growth, but also taking it as an international exchange forum that has a global impact.

    By Shen Weiduo and Chi Jingyi in Boao | 2021/4/18 22:28:05
  • China's Q1 foreign trade gets off a robust start, Jan-Mar GDP expected to hit 18%

    China's foreign trade volume surged by 29.2 percent year-on-year to reach 8.47 trillion yuan ($1.29 trillion) in the first quarter of 2021, getting off a robust start for the year despite the world is still grappling with the cloud of a global coronavirus outbreak resurgence.

    By Li Xuanmin and Shen Weiduo | 2021/4/13 22:41:47
  • Huawei's revenue and profits grow in 2020, but test goes on with US chip ban

    Chinese technology giant Huawei said its revenue and net profits both grew in 2020 and met targets, despite losses inflicted by the US government's blacklisting on its traditionally strong businesses.

    By Shen Weiduo and Zhao Juecheng in Shenzhen | 2021/3/31 20:18:40
  • Solar parks turn desert to 'ocean' in Ningxia, boot China's final push to alleviate poverty

    Driving all the way to the east from city center of Yinchuan, capital city in Northwest China's Ningxia Hui Autonomous Region, on the eastern banks of the Yellow River, millions of midnight blue solar panels that stretch to the horizon would suddenly come into view on the slopes of gullies, like a blue ocean.

    By Shen Weiduo in Yinchuan | 2021/3/24 20:39:11
  • US crackdown on Chinese firms dims hopes for future trade engagement

    In a move apparently timed to strike a tough tone ahead of a key dialogue on Thursday, the US government took a couple of moves against Chinese telecommunication companies, continuing a Trump-era crackdown on Chinese firms that has drawn ire in Beijing.

    By Wang Cong and Shen Weiduo | 2021/3/18 22:43:39
  • Huawei to charge royalties to 5G smartphone makers

    Huawei said on Tuesday that it will start to charge royalties to 5G smartphone makers using its patented 5G technology, which will provide a “reasonable percentage royalty rate” of the handset's selling price, with per unit royalty cap at $2.50.

    By Shen Weiduo in Shenzhen | 2021/3/16 19:33:21
  • Premier addresses pressure on growth, job creation at press conference

    Chinese Premier Li Keqiang on Thursday addressed a series of challenges in various areas of the country's economic and social development, including great uncertainties for growth, mounting pressure on employment and weaknesses in fundamental research, striking a sobering note over potential risks for the world's second-largest economy even as it remains on a world-leading robust recovery path.

    By Wang Cong, Zhang Dan and Shen Weiduo | 2021/3/11 21:45:27
  • Biden inaction allows Trump's 'decoupling' to continue

    Yet another Chinese company looked set to be kicked out of the New York Stock Exchange (NYSE) on Tuesday due to last-ditch efforts by then outgoing US President Donald Trump to push for a so-called China-US decoupling, as newly installed US President Joe Biden has made no effort to reverse those mutually destructive policies, dimming the prospect of even a certain degree of de-escalation in China-US ties which are at their lowest point in decades.

    By Wang Cong, Shen Weiduo and Xiong Xinyi | 2021/3/9 22:15:14
  • Biden is not 'getting tougher' on China, will remain positive in China-US tie: AmCham China chairman

    The Biden administration is not getting tougher on the bilateral relationship, while to the contrary, people can expect some more “normalized and more traditional measures of diplomacy,” chairman of the American Chamber of Commerce in China (AmCham China) told the Global Times during an online press conference on Tuesday.

    By Shen Weiduo | 2021/3/9 10:35:13
  • China vows to create 11m jobs in 2021, back at pre-epidemic level

    China is planning to create 11 million jobs in 2021, a jump from the 9 million in 2020, which analysts said suggests that the country's job policy will steer toward the post-pandemic era as the COVID-19 situation in the world's second-largest economy is firmly contained.

    By Shen Weiduo | 2021/3/5 20:18:39
  • Huawei launches new foldable MateX2 handset series amid chip shortage woes

    Huawei launched the new foldable MateX2 handset series on Monday, continuing its ambition in the high-end phone segment, following reports that the Chinese technology company is in talks to sell its premium smartphone brands due to an extreme chip shortage.

    By Shen Weiduo | 2021/2/22 21:31:30
  • Gene firm refutes accusations of ties to Chinese military

    Chinese genomics firm BGI Group refuted Western media accusations that it has deep links to the Chinese military, as Chinese experts said it is malicious speculation and would do nothing more than hamper the US' domestic mass nucleic acid testing program as BGI is a major provider of COVID-19 testing kits.

    By Leng Shumei and Shen Weiduo | 2021/2/1 0:08:39
  • Huawei denies media reports, says it has no plan to sell phone businesses

    Huawei has no plans to sell its mobile phone business, the company told the Global Times on Monday, in response to media reports saying that Huawei is in talks to sell premium smartphone brands P and Mate series.

    By Shen Weiduo and Chen Qingqing | 2021/1/25 19:08:40
  • Honor resumes ties with chip suppliers, may grab Huawei's overseas shares

    Honor released its new V40 smartphone series on Friday, its first new handset product after the budget phone brand was sold by parent firm Huawei in November last year amid the US' chip ban.

    By Shen Weiduo | 2021/1/22 12:03:49
  • CPI rises 0.2% in December, up 2.5% for 2020: NBS

    China's consumer price index (CPI), a main gauge of inflation, rose by 0.2 percent in December year-on-year, compared with November's 0.5-percent drop, and the full-year 2020 rise was 2.5 percent, according to data released by the National Bureau of Statistics (NBS) on Monday.

    By Shen Weiduo | 2021/1/11 22:08:39
  • Spring Festival travel rush to scale down amid virus resurgence

    As more Chinese provinces and cities have released tightened travel guidelines, some of which are intended to dissuade migrant workers from returning to their hometowns during the upcoming Spring Festival, industry insiders and experts expect that this year's chunyun travel rush, which is normally the world's largest human migration, will be affected by the current epidemic control measures, following the latest coronavirus resurgence in northern regions, and that it will weigh on the first-quarter economic performance.

    By Chen Qingqing, Fan Anqi and Shen Weiduo | 2021/1/10 21:46:09
  • China's staple-food supply sufficient, seed issues still severe: analyst

    China's agriculture ministry again stressed the importance of ensuring food security on Thursday, vowing to make ensuring grain production a top priority and a major political task in the next year.

    By Shen Weiduo | 2020/12/24 21:23:39
  • Huawei launches new Smart Screen powered with updated version of HarmonyOS

    Huawei launched a new variety of S-series Smart Screen, and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, representing another major step towards building a complete ecosystem based on its own operating system.

    By Shen Weiduo in Dongguan | 2020/12/21 18:48:39
  • 'Victim complex' drives NATO to view China as a rival

    North Atlantic Treaty Organization (NATO) foreign ministers will hold a virtual session on Wednesday, with the attendance of non-NATO colleagues, to address a rising China that has become a "full-spectrum systemic rival," for which analysts warned China to get prepared for possible coercion from the organization and its non-member partners although NATO's influence and relevance have been declining.

    By Zhang Han, Liu Xuanzun and Shen Weiduo | 2020/12/2 21:07:07
  • Two years on, arrest of Huawei's Meng still tests Canada's political wisdom

    Two years ago, nobody would imagine how the arrest of Huawei's chief executive officer Meng Wanzhou would change the course of relationship between Canada and China - one of its largest trading partners - putting Ottawa into an extremely difficult situation. It has ever since become a real test of political wisdom for Justin Trudeau, who was urged to take Canberra's predicament with China as a lesson, observers said.

    By Chen Qingqing and Shen Weiduo | 2020/11/30 21:07:34
  • Soybean imports from US surge in October

    China's soybean imports from the US surged almost 200 percent year-on-year in October as the phase-one trade deal moved forward, experts said. The rise also reflected a lower base last year when the two countries were in the middle of an intense trade fight.

    By Shen Weiduo | 2020/11/26 20:03:40
  • China proposes to lift world by taking responsibility in virus control, green growth

    Chinese President Xi Jinping has attended a series of multilateral events in the last days, and put forward China's comprehensive solutions to global challenges, including approaches to fight COVID-19 pandemic, ways to facilitate global economic recovery, and methods to cap carbon emissions to protect the planet's environment.

    By Shen Weiduo and Zhang Dan | 2020/11/23 20:53:40
  • Update: China backs developing-world debt relief

    The G20 is expected to endorse a plan to extend a debt-servicing moratorium for poor and highly indebted economies in the developing world by six months to mid-2021, said a draft G20 communique, as the coronavirus pandemic has hit the most vulnerable nations in the world hardest.

    By Zhang Dan and Shen Weiduo | 2020/11/22 21:23:33
  • China takes spotlight at APEC

    China has taken the spotlight at one of the biggest diplomatic and economic platforms in the Asia-Pacific region, as Chinese President Xi Jinping used a keynote speech on Thursday to highlight China's "major strategic achievement" in fighting the COVID-19, and called on the region to choose openness over seclusion - all while the US, which has traditionally played a leadership role on such occasions, has remained noticeably silent amid a confluence of domestic crises.

    By Wang Cong, Xie Jun and Shen Weiduo | 2020/11/19 19:48:40
  • Honor sell-off 'warning bell' to tech sector amid US political crackdown

    It was a symbolic day when the Chinese tech giant Huawei Technologies – the world's second-largest smartphone vendor – finally decided to strip off its subsidiary phone brand Honor, which has greatly contributed to the development of Huawei's consumer business. This difficult decision was interpreted by Chinese industry insiders as intensified warning shot for the whole industry in face of US-initiated tech war.

    By Chen Qingqing and Shen Weiduo | 2020/11/17 21:06:05
  • Huawei spins off sub-brand Honor to survive US supplies ban

    Huawei officially announced the divestment of smartphone sub-brand Honor on Tuesday, and although details such as the value of the sale haven't been revealed, industry insiders said the independent phone maker will largely maintain the structure and operations it had under Huawei.

    By Shen Weiduo and Chen Qingqing | 2020/11/17 18:03:23
  • Huawei to soon announce plan to sell-off its Honor brand amid US pressure

    Chinese tech giant Huawei Technologies will soon announce it will sell-off its sub brand Honor, considered a critical move in easing the impacts of the US' chipset ban and ensuring its sales as well as supply chain remain afloat, some analysts said.

    By Chen Qingqing and Shen Weiduo | 2020/11/16 19:25:04
  • RCEP can't mend China-Australia ties

    The signing of the landmark Regional Comprehensive Economic Partnership (RCEP) can no doubt improve the trade environment between China and Australia, but it may not be enough to mend bilateral ties, which are at rock bottom with no sign of recovery, due to Canberra's irrational attacks on China and discriminatory measures against Chinese investment, analysts said.

    By Shen Weiduo | 2020/11/15 20:03:40
  • Huawei 5G deployment has started overseas as 5G revenue continues to grow

    Mass-scale 5G deployment in Huawei's major overseas target markets has already started, said Yang Chaobin, president of Huawei's 5G Product Line, on Friday when asked by the Global Times how the company's 5G overseas business is going, noting that its 5G revenue in overseas markets has maintained rapid growth despite coronavirus-related impacts.

    By Shen Weiduo in Shanghai | 2020/11/13 17:13:40
  • China's import fair reports 2% rise in turnover

    The third China International Import Expo (CIIE), the largest in-person global trade event amid the pandemic so far this year, ended in Shanghai on Tuesday with a turnover of $72.62 billion, an increase of 2.1 percent over last year's - proof of China's ability to fulfill its opening-up promise despite headwinds, and this remarkable result also injects confidence in global businesses still struggling from the pandemic's impact.

    By Xie Jun and Qi Xijia in Shanghai, Shen Weiduo in Beijing | 2020/11/10 21:13:40
  • Lam may seek help from central govt on LegCo chaos, education policymaking

    The Hong Kong Special Administrative Region (HKSAR) may seek the central government's support in strengthening its finances and transport between Hong Kong and the Chinese mainland when the global financial hub's economy was battered by social unrest and then by the coronavirus, Chinese analysts said on HKSAR Chief Executive Carrie Lam's ongoing mainland visit from Tuesday to Saturday.

    By Zhang Hui and Shen Weiduo | 2020/11/4 0:37:33
  • Xi to announce achieving moderately prosperous society in H1 of 2021

    The Communist Party of China (CPC) Central Committee released Tuesday the full text of proposals for mapping out a blueprint for China's development in the next 15 years, on which the top leader said the CPC Central Committee will announce the achievement of building of a moderately prosperous society in all respects after a systematic assessment and review in the first half of 2021.

    By Leng Shumei and Shen Weiduo | 2020/11/4 0:03:40
  • First ever commercial US grown rice unloaded in China

    The first commercially grown US rice has been unloaded at China's ports despite disruptions caused by the COVID-19 pandemic, as well as the fraying of China-US ties, signifying the determination of Beijing to implement the phase one trade deal and the key role that interdependent trade ties have been playing as a stabilizer, experts said.

    By Zhang Hongpei and Shen Weiduo | 2020/10/28 20:03:42
  • Shoppers shift to local brands for Double 11, citing patriotism

    About 66 percent of Chinese consumers will buy domestic brands during the upcoming Singles' Day online shopping festival starting November 11, and the majority of them cite "patriotism" as a primary reason, a survey from AlixPartners, a global consulting firm, showed on Wednesday.

    By Shen Weiduo | 2020/10/28 19:23:40
  • China's GDP expected to grow 5%, 7% in last two quarters

    When a sudden coronavirus outbreak almost halted the Chinese economy late January, few people expected the "normal day" could come so soon. China's GDP is estimated to grow above 5 percent in the third quarter of the year, and a much faster pace in the fourth quarter. It's a sign that the world's second-largest economy is further back on track while others were still in trouble, according to economists and agencies ahead of an official announcement on Monday of third quarter economic figures.

    By Shen Weiduo | 2020/10/16 20:38:40
  • Xi charts Shenzhen's new mission

    With a new blueprint laid out by Chinese President Xi Jinping, Shenzhen, the southern city that has been viewed as a paragon of China's economic miracle over the past 40 years, is now embarking on another historic mission - to lead the country's process of socialist modernization, build a new pattern to deepen reform, and expand opening-up on all fronts.

    By Li Xuanmin in Shenzhen, Shen Weiduo and Liu Xin in Beijing | 2020/10/14 20:44:40
  • China to downplay GDP growth target in new five-year plan: economists

    Ahead of a key meeting that will determine China's development path in the next five years, Chinese economists predicted that the country's policymakers will downplay the country's GDP growth target in its new economic plan, keeping it at a lower level of around 5 percent, or even scrap the specific target since the world's second-largest economy is set to drop the quantity-oriented growth model and focus on structural and quality optimization in the face of what could be the "toughest years" ahead.

    By Shen Weiduo and Li Xuanmin | 2020/9/29 22:23:40
  • Tourism boom in 'Golden Week' empowers China's economic recovery

    As the pandemic situation still casts a shadow in many countries and regions around the world, China quietly welcomes its eight-day National Day holidays starting from Thursday. The country's tourism industry is more than thrilled to see what they believe could be the "busiest ever" holiday season since COVID-19 outbreak, as travelers in the world's largest outbound-travel source market all flocked back and may further empower China's consumption and economic rebound in the post-epidemic era.

    By Shen Weiduo and Chen Qingqing | 2020/9/28 20:48:18
  • China will prevent US TikTok 'takeover'

    China will resolutely take actions to prevent TikTok and its technologies from falling into the US' hands to protect its national security and the interests of its enterprises, experts said on Sunday, as a hearing continues as of press time in the US over whether the US government's TikTok ban will be halted.

    By Ma Jingjing and Shen Weiduo | 2020/9/28 0:33:40
  • Germany's Huawei stance can be example for EU countries: analysts

    German Chancellor Angela Merkel's reported rejection of a full Huawei ban can serve as a demonstration for other EU countries in dealing with the Chinese tech giant, and it can also consolidate ties between China and Germany and pave the way for deeper cooperation, Chinese analysts said.

    By Shen Weiduo | 2020/9/24 19:22:30
  • Huawei says 'Clean 5G' should not be defined by a single administration or some politicians

    Huawei has yet to see any adverse impact on its global 5G business from the US “Clean Network” initiative, and hopes that the industry would introduce “rational standards” for 5G rather than defined by a single administration or politician, a senior executive from Huawei told the Global Times on Wednesday.

    By Fan Lingzhi and Shen Weiduo in Shanghai | 2020/9/23 17:13:56
  • Huawei still seeks solution to mobile chip crisis: exec

    Huawei has enough chip stock for its bases stations, including those for 5G base stations, while for mobile chips, it is still looking for ways, Guo Ping, Huawei's rotating chairman, said on Wednesday, adding that the firm, which has strong chip design capability, is also willing to help reliable chip manufacturing firms since "to help them is also to help itself."

    By Shen Weiduo and Fan Lingzhi in Shanghai | 2020/9/23 15:48:40
  • Huawei says survival to be main task under US ban, vows to use all strength to empower industry partners

    While some people are still wondering about the fate of Huawei, the Chinese tech giant which has been just cut from almost all chip supplies under a US chip ban effective from September 15, doesn't seem to be as worried as expected and has presented its next vision to the world – use all its technological strength to empower its partners in the industrial chain become stronger in the upcoming ICT era.

    By Shen Weiduo and Fan Lingzhi in Shanghai | 2020/9/23 11:08:40
  • China's entity list may prompt chip firms to find ways to resume Huawei supply

    US chipmaker Advanced Micro Devices Inc (AMD) has reportedly obtained a license from the US government to supply chips to Huawei, which may signal that Washington is easing restrictions on the Chinese tech giant and may issue licenses to more Huawei suppliers in the near future.

    By Shen Weiduo | 2020/9/21 21:26:00
  • 'Made in Wuhan' goes into full swing post pandemic

    Wearing a mask, eating separately, checking your temperature, frequently using disinfectant and notices which read "epidemic-control is our responsibility" being posted here and there in the Lenovo's factory in Wuhan which employs more than 10,000 workers. Life in the capital city of Central China's Hubei Province, the hardest-hit city during the early COVID-19 outbreak in the country, is no longer the same.

    By Shen Weiduo in Wuhan | 2020/9/12 21:20:15
  • Industrial chain empowers manufacturing sector to recover

    By improving factory automation, coordinating global resources, using a complete local industrial chain, and organizing cargo charters to ensure shipments, Chinese manufacturers are keeping up with global demand when their counterparts in other parts of the world are still hampered by the pandemic.

    By Shen Weiduo and Ni Hao in Hefei | 2020/9/3 21:19:24
  • Update: HSBC could face dead end for conspiring with US against Huawei

    New evidence Huawei has provided to a Canadian court shows how HSBC, the London-headquartered multinational bank, conspired with the US Department of Justice to set a “political trap” for Huawei and gave false testimony to the court, documents unveiled on Friday showed.

    By Shen Weiduo and Chen Qingqing | 2020/7/24 16:32:04
  • US digital crackdown on China aimed at keeping tech hegemony

    The US is seeking to further escalate its crackdown on Chinese technology companies, as a new report from a US senator called on the Trump administration to take further measures against China's technological rise, in what Chinese analysts call an attempt to abuse and preserve its global hegemony in the field of technology through bullying tactics.

    By Wang Cong and Shen Weiduo | 2020/7/22 20:53:40
  • India's 5G solution 'unlikely' homegrown: analysts

    India's homegrown 5G solution, announced by the country's richest man, Mukesh Ambani, is unlikely to be entirely a domestic effort, Chinese telecom analysts said Monday.

    By Chu Daye and Shen Weiduo | 2020/7/20 21:01:38
  • Huawei readies for 'war'; shift in overseas strategy expected: insider

    China on Wednesday harshly criticized the UK's decision to ban Huawei from the UK's 5G development, painting London as an accomplice in the US' politically driven crackdown on the Chinese telecom giant based on fabricated "national security risks," and vowed to take "all necessary" measures to protect the legitimate interests and rights of Chinese businesses.

    By Shen Weiduo and Wang Cong | 2020/7/15 20:40:01
  • Citizens chase 'bull run' in Chinese stock market

    After lining up for two hours to register for an online stock account last week, Wang Liu, a Beijing-based white-collar worker, was more than thrilled to buy her first ever share. She chose to invest in a duty-free company whose share price has almost doubled since mid-June this year.

    By Shen Weiduo | 2020/7/15 20:23:40
  • London's Huawei decision 'turning point' for China-UK ties: analyst

    The UK's move to ban Huawei may further sour strained China-UK political ties, largely reduce personnel exchanges, and most likely prompt Beijing to take reciprocal measures against London's discriminatory policy, Chinese observers said.

    By Shen Weiduo and Zhang Hongpei | 2020/7/14 19:56:09
  • UK's Huawei decision 'turning point' in its ties with China: analysts

    The UK's decision over Huawei, which could take the form of a ban on the Chinese equipment maker's involvement in the country's 5G construction, could add a heavy burden to its struggling economy amid the pandemic and further strain bilateral political ties at a highly sensitive moment, Chinese observers said.

    By Shen Weiduo and Zhang Hongpei | 2020/7/14 19:19:58
  • Beijing's latest COVID-19 outbreak caused by virus strain from Europe: Chinese CDC

    Beijing's latest COVID-19 outbreak was caused by a virus strain from Europe, and transmitted through multiple exposure methods; for example, contaminated environments and goods, Chinese Center for Disease Control and Prevention (Chinese CDC) said on Friday.

    By Shen Weiduo and Chen Qingqing | 2020/7/10 17:52:50
  • Domestic semiconductor maker going public

    Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC)'s fast-track listing and fundraising at Shanghai's Sci-Tech Innovation Board will not only accelerate the industry leader's research and development ability, but also mark the beginning of the fast development era of the country's semiconductors.

    By Shen Weiduo | 2020/7/7 23:58:40
  • UK bluffs over Hong Kong

    The UK, a country with massive untold interests in Hong Kong and wants to retain its colonial influence in the city as much as possible, is now acting tough against China's national security law for its Hong Kong Special Administrative Region (HKSAR). Chinese analysts said on Monday that the actions of the UK are more of a bluff since they can't harm China, but will only damage itself.

    By Yang Sheng and Shen Weiduo | 2020/7/6 22:23:40
  • 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.

    By Yin Yeping and Shen Weiduo | 2020/7/2 22:08:40
  • Caution over food imports to continue for a while: experts

    A strict customs inspection over imported food products will continue for a while at China's ports as more cluster infection cases are emerging in food processing and packaging plants abroad.

    By Shen Weiduo and Yin Yeping | 2020/7/2 18:38:41
  • Chip sector expands in first half despite COVID-19 pandemic

    Sales of integrated circuits in Shanghai, one of the Chinese cities with the most complete and mature semiconductor industry chains, grew 38.7 percent year-on-year from January to May, a welcome jump amid the headwinds of the coronavirus, official data showed.

    By Shen Weiduo | 2020/6/28 20:28:43
  • Canada to face consequences when China-US ties improve in the future

    Tighter rules and stepped-up scrutiny of food imports are steps China is taking to curb a resurgence of COVID-19, rather than an excuse to target any specific country for a political reason as some Canadian exporters have claimed, Chinese experts said, urging exporters to respect the nation's rules if they want to make profits in China.

    By Shen Weiduo | 2020/6/22 20:33:40
  • HSBC could face legal consequences in China for colluding with US in Huawei: legal experts

    New arguments raised by lawyers for Huawei Chief Financial Officer Meng Wanzhou in Canada further indicate that London-based lender HSBC was an accomplice of the US in Meng's case.

    By Chen Qingqing and Shen Weiduo | 2020/6/16 21:43:40
  • HSBC not innocent in 'betrayal' of Huawei

    The US, which has abused the so-called long-arm jurisdiction power to arbitrarily crack down on any third party, such as Huawei, and forced others to be an “accomplice” during its hegemonic game, is increasingly becoming a major troublemaker for other countries and the world business order, sources said, adding that those who yield to the US, like HSBC, and unwisely choose sides also need to be blamed and should not claim innocence.

    By Shen Weiduo and Chen Qingqing | 2020/6/12 23:58:40
  • HSBC 'far from safe' amid controversial stances

    Faced with growing controversy over the legal battle with Chinese technology giant Huawei and a lingering ambiguous attitude toward Hong Kong's national security law, multinational bank HSBC has been under tremendous pressure in recent days.

    By Shen Weiduo and Chen Qingqing | 2020/6/9 21:53:58
  • Indians can hardly resist buying Chinese quality goods: analysts

    The rise of anti-China sentiment in India is due to Indian nationalists' attempt to deliberately smear and defame China, Chinese analysts said, noting that calls to boycott Chinese products are likely to fail as these items, which have become pervasive in Indian daily life, are difficult to replace.

    By Ma Jingjing and Shen Weiduo | 2020/6/7 21:08:40
  • Huawei's Meng likely to be freed if Canada has judicial independence: legal experts

    Legal experts are cautiously optimistic toward a key ruling over Huawei Chief Financial Officer Meng Wanzhou's case set to be released on Wednesday, noting that Meng is “highly likely” to be freed from a purely legal perspective if Canada truly has the judicial system completely independent from any political influence, as it always boasts.

    By Shen Weiduo and Chen Qingqing | 2020/5/26 21:18:40
  • National support to accelerate semiconductor shift toward China amid US crackdown on Huawei: veteran analyst

    Global semiconductor centers will accelerate their shift toward China, with top-down support for domestic firms and the urgent demand for self-reliance and de-Americanization of China's chip sector in the face of the US chip block on Huawei, industry insiders said.

    By Shen Weiduo | 2020/5/19 21:11:48
  • China could set GDP growth target at 3% during Two Sessions

    With the Two Sessions - a major event on China's political calendar -- opening next week in Beijing - what rate policymakers will pick for this year's GDP growth target, and whether they will set one at all, is drawing close scrutiny amid the global coronavirus pandemic that has put the world economy in the intensive care unit.

    By Li Xuanmin and Shen Weiduo | 2020/5/13 19:33:41
  • China to reopen theaters with preorders, limited number of visitors

    The Chinese film industry, which has taken a big hit from the COVID-19 pandemic during the past four months, began to return to normal as the country on Friday announced a reopening of theaters in an orderly manner.

    By Huang Ge and Shen Weiduo | 2020/5/8 23:12:38
  • Fresh tariff threat adds woes to US economy

    While China, the world's second largest economy, has gradually returned to normal as the COVID-19 epidemic has subsided in the country and it has offered a helping hand to overseas markets by donating and exporting medical supplies to combat the pandemic, the Trump administration is wracking their brains seeking ways to redirect its own mismanagement of the coronavirus spread toward China as if things are not bad enough in the US.

    By Zhang Hongpei and Shen Weiduo | 2020/5/7 22:48:40
  • Caution is needed for Chinese firms to make overseas aquisitions

    Chinese companies are unlikely to hunt for acquisition deals overseas amid the ongoing COVID-19 pandemic, and they will be cautious about foreign investment as the outbreak has added difficulties to valuing target companies and assessing their businesses, industry insiders say.

    By Shen Weiduo and Yin Yeping | 2020/5/6 18:13:40
  • Huawei, China Mobile empowers 5G on Mount Qomolangma

    Chinese tech giant Huawei, working with China Mobile, the world's largest telecom operator, has once again proved its technological strength by helping build 5G stations on Mount Qomolangma, commonly known in the West as Mount Everest, the world's highest peak.

    By Shen Weiduo and Fan Lingzhi | 2020/4/29 19:48:40
  • Beijing's Xicheng district issues digital vouchers to boost spending

    Beijing's Xicheng district will issue digital vouchers worth 150 million yuan ($21.2 million) in the three months starting from Wednesday, the first district in the Chinese capital to do so, in a bid to unleash local residents' pent-up demand and to speed up the recovery of an economy battered by COVID-19.

    By Li Xuanmin and Shen Weiduo | 2020/4/22 22:43:40
  • China, SK 'green channel' for businessmen benefits world

    Chinese and South Korean governments are working on details over establishing a fast entry policy, known as the "green channel" between the two countries, in the light of improved COVID-19 epidemic situation. The policy has been lauded by Korean companies and Chinese observers, as they believed that such upbeat development between the two friendly neighbors would rapidly stimulate the recovery of the region and also inject strong momentum for a slowed world economy under the impact of the pandemic.

    By Deng Xiaoci and Shen Weiduo | 2020/4/21 22:53:41
  • How can China drive a global economic recovery from COVID-19?

    As more encouraging signs emerge that the Chinese economy is on a steady path to recovery, expectation is also rising for the world's second largest economy and biggest growth driver to play a larger role in helping revive the global economy, which is expected to see the worst crisis since the Great Depression due to the global coronavirus pandemic.

    By Wang Cong and Shen Weiduo | 2020/4/21 22:33:40
  • China-EU BIT can be achieved in phases: experts

    Negotiations over the China-EU bilateral investment treaty (BIT) are back on track and are expected to move forward rapidly, as the common goal of economic restoration and mitigating the effect of an unreliable US government has drawn the two closer, experts said.

    By Shen Weiduo | 2020/4/19 19:23:40
  • Norway sees rising salmon exports to China as demand recovers

    Norway's government and seafood industry are finding solutions and overcoming hurdles to ensure a smooth logistics chain for export markets including China, with demand in the world's largest seafood consumer market recovering as the coronavirus gradually comes under control.

    By Shen Weiduo and Li Qiaoyi | 2020/4/16 20:48:40
  • Consumer prices in China likely to further increase in March amid global coronavirus pandemic: analysts

    Consumer prices in China have stayed high in recent months and further increases are likely because of the global coronavirus pandemic, possibly leading to stagflation amid downward pressure on the world's second-largest economy, experts warned.

    By Shen Weiduo | 2020/4/7 18:48:40
  • Luckin scandal 'heavy blow' for US-listed Chinese companies

    The accounting scandal at Luckin Coffee may have knock-on effects, as the case may not only lead to bankruptcy for the company itself but also deal a heavy blow to other US-listed Chinese enterprises - as well as those that are planning IPOs in the US, analysts said

    By Huang Ge and Shen Weiduo | 2020/4/6 19:33:40
  • Digital coupons stimulate China's consumption, boost economic recovery

    More local authorities in China have been scaling up efforts to distribute digital vouchers in recent days, a move economists said could not only inject fresh momentum to the country's yet-to-recover offline businesses, but could also rapidly stimulate the consumption demand of local residents – who are still reluctant to spend outside, though the domestic virus situation has abated.

    By Shen Weiduo | 2020/4/5 19:33:16
  • China's test kit providers call on world to stop smearing Chinese assistance

    Chinese coronavirus test kits are desperately clamored for by many foreign clients, but some unfriendly Western media outlets have chosen to smear and discredit made-in-China products.

    By Zhang Dan and Shen Weiduo | 2020/4/2 16:13:54
  • China will take countermeasures if Washington imposes chip ban on Huawei: executive

    If the US government arbitrarily changes the rules of the market, the Chinese government will not remain idle and just watch Huawei put on the chopping board, as it will have no other choice but to take similar countermeasures against US firms, a Huawei executive told the Global Times on Tuesday.

    By Chen Qingqing, Shen Weiduo and Fan Lingzhi | 2020/3/31 20:03:40
  • China mulls countermeasures if US imposes chip ban on Huawei: executive

    If the US government arbitrarily alters the rules of the market, the Chinese government will not sit idle and watch Huawei to be put on the chopping board, which will most likely take countermeasures against US firms, a Huawei executive told the Global Times on Tuesday.

    By Chen Qingqing, Shen Weiduo and Fan Lingzhi | 2020/3/31 17:55:28
  • Xi's Zhejiang tour boosts companies' confidence

    Nationwide efforts to restart the coronavirus-battered Chinese economy seem to have proceeded by fits and starts amid an explosion in confirmed cases in Europe and the US, with authorities and industry insiders voicing concerns over the plight of life services providers, exporters as well as small and micro businesses.

    By Li Qiaoyi and Shen Weiduo | 2020/3/30 17:43:40
  • China to release more stimulus

    China is set to roll out more stimulus to drive a slowing world economy after the G20 conference, where all countries vowed to coordinate in the face of the economic fallout from the COVID-19 pandemic, Chinese economists said.

    By Shen Weiduo | 2020/3/27 21:23:41
  • Trump losing popularity due to COVID-19?

    Orders for 2020 reelection flags and caps for US President Donald Trump have seen a huge decline in China's factories since March, a sign that he may be losing some popularity among US voters amid the COVID-19 health crisis - as trade records of Chinese exporters are believed by many to be an indicator of US elections.

    By Xie Jun and Shen Weiduo | 2020/3/23 21:22:50
  • Nationwide business recovery unlikely before May: experts

    Under the most optimistic scenario, China's economic activity will fully rebound in the second half of the year, as vigilance against imported coronavirus infections has complicated arrangements to get the economy quickly back in motion.

    By Li Qiaoyi and Shen Weiduo | 2020/3/19 22:03:40
  • Coronavirus to cut cinema revenues by 50% in 2020: insider

    Cinemas in China are seeing signs of reopening after being closed for almost two months amid the COVID-19 outbreak, but a limited film supply and the public's reluctance to attend movies before the virus vanishes might still halve the full-year revenue for the domestic box office.

    By Chen Xi and Shen Weiduo | 2020/3/18 22:03:40
  • Keeping tariffs will seriously hurt US enterprises

    Removing tariffs on Chinese products, which could save billions of dollars for US companies and households, could be a fast and efficient help to US industries and the economy amid rising COVID-19 cases in the country, analysts said, adding the US should adopt the measure as soon as possible - instead of playing the China card to divert Americans' attention from its inability to contain the virus.

    By Shen Weiduo | 2020/3/17 22:58:41