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China-US decoupling not in the works


The Trump administration will be frustrated to find that interdependence between the US market and Chinese manufacturing can't be easily divided, no matter it is tariff hike, call for US businesses to decouple from China, or the coronavirus outbreak, which battered both economies badly.


Chinese-invested Croatian wind farm project progressing despite pandemic

In Senj, a small city on the Adriatic coast of western Croatia, locals are used to the sight of heavy-duty vehicles transporting supersized machines. In the Velebit Mountains a few kilometers away, Chinese and Croatian workers are constructing the country's largest wind farm.
Source: Xinhua | 2020/9/29 11:38:53

Catering giants show confidence in recovering Chinese market

Chain catering giants are embracing China's recovery from the pandemic, and the coming holidays are further lifting their confidence.
Source: Global Times | 2020/9/28 21:58:40

China-US decoupling not in the works

The Trump administration will be frustrated to find that interdependence between the US market and Chinese manufacturing can't be easily divided, no matter it is tariff hike, call for US businesses to decouple from China, or the coronavirus outbreak, which battered both economies badly.
Source: Global Times | 2020/9/28 21:21:29

HSBC stages 9.2% rebound after Ping An increases stake

The shares of British bank HSBC rose 9.22 percent on Monday to close above HK$30 ($3.87), the biggest single-day gain since 2009, after plunging to a quarter-century low last week amid scandals that may land the lender on China's unreliable entity list.
Source: Global Times | 2020/9/28 21:18:40

Update: Lawyers of Meng accuse US of misleading Canada; HSBC suspected of playing US accomplice

Huawei's Chief Financial Officer Meng Wanzhou is scheduled to appear in court on Monday (Canadian time) for her extradition case amid an intensifying legal battle between the US government and the Chinese tech giant. Meng's defense team will argue that US officials omitted key facts and misled the Canadian side in the case.
Source: Global Times | 2020/9/28 21:14:45

SMIC shares sink in Shanghai, HK on reports of export ban by US

Shares of Chinese major chipmaker Semiconductor Manufacturing International Corp (SMIC) plunged on Monday after news broke over the weekend that the US is considering imposing export controls on the company.
Source: Global Times | 2020/9/28 21:13:42

HK financial system resilient despite COVID-19 challenges

Hong Kong's financial system remains resilient and stable and the city's linked exchange rate system (LERS) is in good shape, despite challenges caused by the coronavirus pandemic, the government of the Hong Kong Special Administrative Region (SAR) said.
Source: Global Times | 2020/9/28 21:08:40

Lessons from Toshiba, Alstom: how US suppresses foreign rival companies to maintain tech hegemony

People in the know are no longer surprised by the aggressive treatment of foreign tech companies by the US. In past decades, companies around the world such as Japan's Toshiba and France's Alstom were targeted, sanctioned and seriously hurt by the US government that used excuses like security, anti-dumping and anti-bribery.
Source: Global Times | 2020/9/28 21:07:29

Industrial upgrade

More than two decades ago, relatively low labor cost helped China to quickly attract a lot of foreign companies with advanced technologies in many fields to set up factories in the country, which boosted the nation's manufacturing sector and helped talent development.
Source: Global Times | 2020/9/28 21:03:40

Rising national confidence

A recent survey conducted by the Global Times Research Center, in partnership with DATA 100, found that since the beginning of the “13th Five-Year Plan” (2016 – 2020) period, Chinese people's confidence has seen an increase in different fields, as the survey found that more than 50 percent of the respondents approve China's economic, military, scientific and technological, and medical development during the 13th Five-Year Plan period, while more than 60 percent of the respondents believe that China's economic situation would return to its pre-epidemic state within a year.
Source: Global Times | 2020/9/28 20:33:41

Foreign automakers optimistic on China

While auto fairs in Detroit and Geneva have been cancelled due to the COVID-19 pandemic, the 2020 Beijing Auto Show — which showcases the latest models and offers a look at the revival of China's auto industry -- has created a buzz in the world's largest car market.
Source: Global Times | 2020/9/28 20:23:40

S. Korean companies not scaling down business links with China

South Korean companies are not scaling down transactions with China even as some of them make global supply chain changes after the COVID-19 outbreak, a survey showed over the weekend. Chinese experts said the survey showed that most South Korean firms are betting on the Chinese market for their recovery.
Source: Global Times | 2020/9/28 19:28:40

Nation demonstrates third-generation nuclear reactor CAP1400

The research and development work for China's domestic third-generation nuclear reactor project called CAP1400 (Guo He One) has been completed, State Power Investment Corp (SPIC) announced on Monday.
Source: Global Times | 2020/9/28 18:52:52