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Research into China's sovereign digital currency is delayed amid epidemic


China's research into its sovereign digital currency has been delayed from the first quarter due to the outbreak of the coronavirus, sources close to the matter told the Global Times.


Experts warn US against unfair moves to block WIPO candidate

Ahead of a closely watched election next week that might produce the first Chinese national to head the UN's World Intellectual Property Organization (WIPO), Chinese authorities and IP experts have warned the US over its "immoral" and unfair move to prevent China, which has over the years emerged as the global frontrunner for patents, from winning the election.
Source: Global Times | 2020/2/26 9:46:48

China to introduce strong financial measures to help smaller firms tide over difficulties

China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized enterprises, as part of effort to help them overcome temporary difficulties.
Source: Xinhua | 2020/2/26 8:29:36

Dire fears for world economy

Global equity investors have effectively launched one of the clearest distressing signals so far for the world economy, as they staged one of the worst stock market routs this week that wiped more than $1.7 trillion off in market value on a single day, pointing to deepening fear of potentially grave impacts of the coronavirus epidemic on the global economy, as the deadly virus continues to spread through major economies in Asia and Europe.
Source: Global Times | 2020/2/25 20:53:40

Global luxury brands lament 'chilly' business amid virus outbreak

China is the world's top consumption market for luxury products and contributes over half of global sales, so when its demand drops, the impact on global production chain is immense. Business representatives in the luxury goods sector have expressed pessimism over significant decline in luxury sales.
Source: Global Times | 2020/2/25 22:18:40

Research into China's sovereign digital currency is delayed amid epidemic

China's research into its sovereign digital currency has been delayed from the first quarter due to the outbreak of the coronavirus, sources close to the matter told the Global Times.
Source: Global Times | 2020/2/25 18:28:40

China markets wrap-up

Chinese mainland share posted an impressive performance on Tuesday, surviving a bloodbath on the global stock markets over fears of a surge in coronavirus infections outside the mainland.
Source: Global Times | 2020/2/25 21:48:40

China-South Korea-Japan FTA talks may accelerate as industry chain risks disruption

The next round of China-Japan-South Korea free trade agreement (FTA) talks is expected to be held in mid-2020 and the event is unlikely to be affected by the novel coronavirus outbreak, a trade expert said.
Source: Global Times | 2020/2/25 21:28:40

Chinese airlines restart overseas flights

More Chinese airlines are in the process of resuming international flights, as China has pressed the restart button on business operations, but trade and travel in and out of China remain weak as dozens of airlines around the world have temporarily halted Chinese routes.
Source: Global Times | 2020/2/25 21:23:42

Face mask makers prepare to export to Japan, South Korea

Some Chinese face mask producers are ready to export face masks to Japan and South Korea, as the ferocious coronavirus outbreak neared an inflection point in China but seemingly surged in some of its neighbors in recent days, which led to booming demand for disease prevention materials.
Source: Global Times | 2020/2/25 21:13:40

Huawei pressing forward in Europe

Huawei announced a series of new 5G products and strategies through a virtual launch in Barcelona, Spain on Monday, expanding its footprint in Europe despite the novel coronavirus outbreak and mounting uncertainties caused by US government's relentless attack.
Source: Global Times | 2020/2/25 21:08:40

90% of Australian businesses operating in China take hit from COVID-19

The coronavirus outbreak in China has disrupted global supply chains and slammed the brakes on many industries ranging from retail and tourism to shipping, and Australia, which sends more than 30 percent of its exports to China, is not immune to its negative impact, said a senior Australian official.
Source: Global Times | 2020/2/25 17:03:40

More than 80% of petrochemical SMEs restart business: poll

Over 80 percent of small and medium-sized enterprises (SMEs) have resumed business among 211 SMEs in the petrochemical-related sector in 22 provincial-level regions as of Sunday.
Source: Global Times | 2020/2/25 20:04:40

Sinopec builds production lines of a core material of face masks

Chinese oil giant China Petroleum & Chemical Corporation (Sinopec) will build 10 production lines of melt-blown fabric, which is the basic material to make mask, necessary protection to prevent the spread of COVID-19.
Source: Global Times | 2020/2/25 19:38:40