Changan Ford to recall 48,933 sedans in China

Changan Ford Automobile Co. will recall 48,933 sedans from the Chinese market over safety concerns, according to the country's top quality watchdog.

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.
Source: Global Times | 2020/4/2 16:13:54

Chinese exported thermal detectors deserve more attention overseas: insiders

The COVID-19 pandemic is driving up China's exports of thermal detectors and plants are working overtime to produce the preventive tools to stall the coronavirus' spread. However, industry analysts said that the devices have not been given enough attention and support around the world.
Source: Global Times | 2020/4/1 21:43:40

China's mask exports not as promising as expected

Despite the spread of the coronavirus, which has killed more than 30,000 people globally, Chinese face mask makers are faced with a bumpy road in exporting medical equipment.
Source: Global Times | 2020/3/31 17:58:40

Chinese medical supplies' 'quality concerns' overblown

As China mounted a nationwide effort to produce desperately needed medical supplies, concerns over the quality of some Chinese-made equipment have been raised, and some foreign media outlets and politicians have even attempted to hype up recent incidents to smear China's manufacturing sector and its intention to help other countries.
Source: Global Times | 2020/3/31 1:13:40

China's ventilator firms gain 20,000-plus overseas orders

Chinese firms making invasive ventilator have received more than 20,000 orders from abroad and more are expected to follow. More than 1,700 ventilators have been delivered.
Source: Global Times | 2020/3/30 17:33:40

China strengthens medical supply exports regulations, cracks down on illegal certification

Following so-called "quality concerns" over Chinese-made medical supplies to support overseas markets fight the COVID-19, China has further strengthened regulations on the quality and process of exports ranging from masks to test kits, which industry analysts said is "quite necessary" to build up an orderly and normal export industry.
Source: Global Times | 2020/4/5 19:43:40

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.
Source: Global Times | 2020/4/5 19:33:16

Reports of Chinese medical products 'substandard' not objective: official

Responding to so-called "quality concerns" of Chinese medical products being exported, an official at China's Ministry of Commerce (MOFCOM) said Sunday that some media reports are not objective enough, and do not reflect the whole picture but only blame the products for being "substandard."
Source: Global Times | 2020/4/5 17:41:14

Luckin Coffee apologizes for sales fraud, execs involved suspended

Luckin Coffee apologized Sunday regarding the fallout from its sales fraud on Monday, and its senior executives involved in the incident have been suspended, pending the investigation by its special committee, according to the company statement. Meanwhile the start-up will resume normal operations in its stores.
Source: Global Times | 2020/4/5 17:11:00

Luckin Coffee apologizes for sales fraud, execs involved suspended

Luckin Coffee apologizes for its fallout from sales fraud. Senior executives & employees involved have been suspended, pending the investigation by its special committee & a third party institution. The start-up will keep normal operation in its stores.
Source: Global Times | 2020/4/5 14:52:20

Business on China-Russia border under strain amid COVID-19 quarantine measures

Business on the border between China and Russia is going through a difficult time amid the COVID-19 outbreak, as the tourism and retailing sectors brace for the hardest hit by the increasingly strict quarantine measures.
Source: Global Times | 2020/4/5 14:08:05

Changan Ford to recall 48,933 sedans in China

Changan Ford Automobile Co. will recall 48,933 sedans from the Chinese market over safety concerns, according to the country's top quality watchdog.
Source: Xinhua | 2020/4/5 12:28:04

US equities post weekly losses amid poor economic data, COVID-19 crisis

US equities pulled back in the week when various data showed the coronavirus already hurt the economy and the country continued to see a hefty number of confirmed COVID-19 cases.
Source: Xinhua | 2020/4/5 7:34:20

China likely to buy more US soybeans this year: agricultural official

China will likely import more soybeans from the US this year as agreed under the phase one trade deal, Chinese agricultural official said at a press conference on Saturday.
Source: Global Times | 2020/4/4 18:45:11

Officials reassure public food security in China despite coronavirus impact

China has no problem to ensure domestic food supplies and security, Chinese agriculture and food grain reserve officials said on Saturday as the coronavirus pandemic has disrupted global food supply chains.
Source: Global Times | 2020/4/4 18:14:58

China cuts RRR for small, medium-sized banks

China's central bank on Friday announced a decision to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.
Source: Xinhua | 2020/4/3 17:15:47

Scandal-hit Luckin Coffee sees long queues of consumers Friday

Luckin Coffee, the US-listed Chinese firm which saw its stock price plunge 70 percent overnight due to alleged sales fabrication, witnessed a dramatic "sales jump" on Friday, as Chinese coffee lovers rushed to its chain stores to consume coupons and deposited money.
Source: Global Times | 2020/4/3 16:13:10

Free trade critical to fight against COVID-19 pandemic: report

According to a recent report from Global Trade Alert, over 20 countries have taken steps to ban or limit the export of medical equipment and medicines amid the COVID-19 pandemic, indicating growing protectionism across the globe at a critical time.
Source: Xinhua | 2020/4/3 14:58:36