China's FTZ favored by foreign investors

East China's Jiangsu Province has shown increasing appeal to foreign investors in less than half a year after it was established as a pilot free trade zone (FTZ).

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China's FTZ favored by foreign investors

East China's Jiangsu Province has shown increasing appeal to foreign investors in less than half a year after it was established as a pilot free trade zone (FTZ).
Source: Xinhua | 2020/1/23 0:49:16

Apps bank on big red packet promos

Spring Festival has become a promotional battlefield for Chinese internet companies as they prepare to shell out more than 10 billion yuan ($1.45 billion) on digital red packets this year, according to media reports, yet experts warn of the risks of privacy infringement when users link to the platforms with bank and identity details.
Source: Global Times | 2020/1/22 21:23:42

Figuratively Speaking

Spring Festival travel rush,
Source: Global Times | 2020/1/22 21:23:40

Around the world

Chinese leading real estate company Greenland has organized a consortium with partners including Chinese financing platform MinIPO to compete for a wholesale digital banking license in Singapore, according to the Singapore-based Business Times.
Source: Global Times - Xinhua | 2020/1/22 21:18:41

Domestic tech firm eyes GPU breakthrough

China's electronics company Loongson announced it will step up efforts to develop a graphics processing unit (GPU) by 2020. Industry experts welcomed the announcement, but warned that it may not happen in the short term.
Source: Global Times | 2020/1/22 21:18:40

Midea stocks suspended after reaching foreign ownership ceiling

Consumer giant Midea will be removed from the MSCI global standard index series after the Hong Kong Stock Exchange (HKEX) suspended shares in the Chinese company through the stock connect mechanism.
Source: Global Times | 2020/1/22 21:13:40

A taste for the exotic

"It's my second time here. I'm buying imported wines because Spring Festival is coming up," a customer surnamed Wang told the Global Times in a Shanghai supermarket as she browsed the wine shelves.
Source: Global Times | 2020/1/22 21:03:40

China issues biosafety certificates for domestic GM corn, soybeans

China has issued biosafety certificates for some genetically modified (GM) corn and soybeans that grow domestically. This is the first time that domestic GM crops have been issued certificates in a decade, but experts noted it is still far from allowing the commercialization of GM products.
Source: Global Times | 2020/1/22 20:18:40

Foreign mask players see sales surge amid Wuhan coronavirus outbreak

As Chinese consumers turn to foreign face mask brands during the pneumonia outbreak in the country, with stocks running out, it is high time that domestic mask firms reflect on the industry and build up confidence in their brands to win back consumers, analysts told the Global Times Wednesday.
Source: Global Times | 2020/1/22 20:13:41

Chinese firms urged to accelerate genome sequencing self-development amid Wuhan coronavirus

China's rapid release of the genome sequence of the novel coronavirus that originated in Wuhan, Central China's Hubei Province, shows the country's progress in genome sequencing research, but experts on Wednesday urged fast independent research and development of the industry to master core technologies.
Source: Global Times | 2020/1/22 19:08:40

China market news wrap-up

Chinese stocks regained their upward trend on Wednesday and reversed Tuesday's across-the-board stampede as investors seemed to have digested the news of the coronavirus outbreak.
Source: Global Times | 2020/1/22 18:38:41

S.Korea's real GDP growth hits 10-year low in 2019

South Korea's real gross domestic product (GDP), adjusted for inflation, posted the lowest growth in 10 years last year, central bank data showed Wednesday.
Source: Xinhua | 2020/1/22 15:08:01

Chinese economy in good position for future growth: US economist

The Chinese economy is in a good position for future growth as the country is making headway in further reform and opening-up at an appropriate pace, a senior US economist has said.
Source: Xinhua | 2020/1/22 15:04:36