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Chinese netizens mock 'record' US GDP growth in Q3


The US' newly released third quarter GDP growth may have come in handy for President Donald Trump, who rushed to declare it "the biggest and best" GDP in history, ahead of the election, but in China the figure sparked widespread mockery online. Some questioned the credibility of the US economic data and others pointed to the cherry-picking and politicization of the data.


UK to showcase over 100 brands in China International Import Expo

More than 100 British brands will be showcased in the upcoming China International Import Expo (CIIE) as Britain and China "share a global outlook" and London sees the upcoming event in China as "a unique opportunity" to further its commercial ties with Beijing, the British government said Friday.
Source: Xinhua | 2020/10/31 11:30:42

Major carriers still in heavy loss in the first three quarters

Chinese airlines industry is still in loss, as the latest data showed that the three major airlines are in big loss in the first three quarters, and the giants make pessimistic expectations for this year's full-year performance.
Source: Global Times | 2020/10/31 1:35:05

Huawei's Mate 40 flagship smartphone sells out seconds after being released

Huawei unveiled its latest flagship smartphone, the Mate 40, in China on Friday. The model sold out in seconds on e-commerce platforms after the release.
Source: Global Times | 2020/10/31 1:05:43

Chinese netizens mock 'record' US GDP growth in Q3

The US' newly released third quarter GDP growth may have come in handy for President Donald Trump, who rushed to declare it "the biggest and best" GDP in history, ahead of the election, but in China the figure sparked widespread mockery online. Some questioned the credibility of the US economic data and others pointed to the cherry-picking and politicization of the data.
Source: Global Times | 2020/10/30 22:51:02

HK protests 'Made in China' label

Hong Kong has formally lodged a complaint to the World Trade Organization against the US request to mark Hong Kong products as "Made in China," the Hong Kong government said on Friday. Chinese observers said there's a greater chance the US would lose the case given legal principles, but the case may drag on for a long time.
Source: Global Times | 2020/10/30 22:08:40

Hong Kong's Q3 GDP down 3.4%, shows recovery signs

Hong Kong's economy showed signs of recovery after months in recession, showing some improvement in the third quarter after hitting bottom in the second quarter.
Source: Global Times | 2020/10/30 21:58:40

Huawei unveils Mate 40 in China, challenging US crackdown and its rival iPhone 12

The world's second-largest smartphone maker Huawei Technologies unveiled its latest flagship series Huawei Mate 40 in China on Friday, openly challenging the escalating US crackdown on Chinese firms' high-end chipsets and its US rival Apple's iPhone 12.
Source: Globaltimes.cn | 2020/10/30 16:26:51

Eurozone major economies post weak GDPs, new lockdowns further quash hopes of recovery

The GDPs of major economies in the eurozone surged in the third quarter compared to the previous quarter, but plunged on a yearly basis, which analysts said was expected, and a new round of lockdowns in Europe could further quash hopes in the West for the next quarter until the end of the year.
Source: Global Times | 2020/10/30 18:38:40

Huawei unveils latest flagship smartphone Mate 40 series in China

Huawei unveils latest flagship smartphone, Huawei Mate 40 series in China, challenging US chipset crackdown
Source: Globaltimes.cn | 2020/10/30 14:41:46

Shanghai applies stringent controls on CIIE cold-chain food exhibits

Authorities in Shanghai have strengthened the epidemic prevention and control of cold-chain food exhibits at the upcoming China International Import Expo (CIIE), imposing strict controls on warehousing, inspection, delivery and display.
Source: Xinhua | 2020/10/30 13:54:38

Apple's earnings in China drop nearly 30% in Q4 driven by weak demand

Apple on Friday revealed its fourth-quarter earnings and the sales in China, an important region of growth for the tech giant, witnessing a sharp drop in sales of nearly one-third. Analysts said the decline is due, in part, to Apple's lack of high-end products.
Source: Global Times | 2020/10/30 12:01:19

A complete decoupling of Chinese and US economies not realistic

A complete decoupling of the Chinese and US economies is simply not realistic and would not be good for the world economy: Han Wenxiu, deputy director of the Office of Central Commission for Financial and Economic Affairs
Source: Global Times | 2020/10/30 11:06:26

US economy grows at annualized 33.1 pct in Q3 after sharp contraction in Q2

US economic activity in the third quarter grew at an annual rate of 33.1 percent after a sharp contraction in the previous quarter, the US Commerce Department reported Thursday.
Source: Xinhua | 2020/10/29 21:07:18