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Counterfeit masks were never exported to Canada: Chinese embassy

China's Embassy to Canada on Saturday asked Canada's health department to correct an advisory stating that a Shanghai-based masks supplier was selling counterfeit N95 masks in Canada, after an investigation showed the supplier's masks had not been exported to Canada.
Source: Global Times | 2020/8/8 12:08:05

China's first ISO-containerized P2+ mobile lab delivered in Shanghai to combat COVID-19

China's first ISO-containerized biosafety level 2 plus mobile nucleic acid testing laboratory was officially delivered at Shanghai Pudong Airport on Friday. It can save two hours as samples will not need to be sent to labs downtown, according to the Science and Technology Commission of Shanghai on Friday.
Source: Global Times | 2020/8/8 5:03:40

Huawei shipments set to drop due to lack of Kirin chip supply

Huawei's Kirin chips cannot be produced after September, and the company's chips are currently out of stock, a Huawei executive said on Friday.
Source: Global Times | 2020/8/7 21:15:37

HSBC Bank China fined 530,000 yuan for seeking customers' credit info, further damaging reputation

HSBC Bank (China) and its bank directors have been fined by the Shanghai Head Office of the People's Bank of China, the country's central bank, on Tuesday, as the bank inquired about customers' personal credit information without acquiring customers' permission.
Source: Global Times | 2020/8/6 23:15:51

Hammerson plans rights issue and disposal to ride out crisis

Debt-laden British Mall operator Hammerson is drawing up plans for a possible rights issue and is in advanced talks on the sale of its stake in discount shopping outlets joint venture to help it through the coronavirus crisis, it said on Monday.
Source: Reuters-Global Times | 2020/8/6 20:28:40

Seven & i seals billion dollar deal for US Speedway gas stations

The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp's Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.
Source: Reuters-Global Times | 2020/8/6 20:18:41

US election flags up profits for firms

At a time when the Trump administration is cracking down on Chinese companies and trying to vitalize the US manufacturing industry, it is ironic that the US still needs to resort to China-based plants to churn out flags for the 2020 US presidential election.
Source: Global Times | 2020/8/6 20:03:41

Private Chinese carriers face reorganization amid pandemic; local government takes stake in Ruili Airlines

Although an industry depression resulting from the global COVID-19 outbreak has caused many airlines around the world to go bankrupt or face bankruptcy, dozens of Chinese airlines seem to have successfully avoided entering such a situation.
Source: Global Times | 2020/8/6 19:53:40

China's four largest banks trial digital currency payments

Major Chinese commercial banks in Shenzhen, South China's Guangdong Province, have started testing the application of the central bank-backed digital currency in recent days among their internal employees, under which the Digital Currency Electronic Payment (DCEP) is used for payments and transfers, industry observers confirmed with the Global Times.
Source: Global Times | 2020/8/6 18:23:41

TikTok to establish European data center in Ireland amid US crackdown

Chinese-developed video-sharing platform TikTok confirmed with the Global Times Thursday that it will establish a new European data center in Ireland, its first in Europe, a move that analysts said displays the company's determination to strengthen data security and pursue overseas expansion, despite the US' mafia-style crackdown on the short video app.
Source: Global Times | 2020/8/6 18:18:41

Guangzhou international airport introduces facial recognition service

Guangzhou Baiyun International Airport has introduced a new facial recognition service to simplify and speed up and check-in, security and boarding processes. The airport is the first in the country to launch such a service.
Source: Global Times | 2020/8/6 14:20:02

Traditional Chinese medicine producer receives award from SCO leader

Shanghai Cooperation Organization (SCO) Secretary General Vladimir Norov delivered a special award on Wednesday to a Chinese traditional medicine (TCM) producer Shijiazhuang Yiling Pharmaceutical Co for its contribution to the prevention and control of the COVID-19 epidemic in SCO member states, marking a growing recognition of the TCM and its role in treating the disease not only in China but overseas.
Source: Global Times | 2020/8/6 1:06:04

iPhone doesn't list Beidou navigation network, but it will soon: BDS spokesperson

Apple's iPhone is the only smartphone on the Chinese market that doesn't list in its functions supporting the BeiDou Satellite Navigation System (BDS), but it will soon, predicted Ran Chengqi, BDS spokesperson and director general of China Satellite Navigation Office, according to a report by the China Business Journal on Wednesday.
Source: Global Times | 2020/8/5 23:41:47

Beijing authorities find poor face masks; Honeywell masks have label issue

Beijing's market supervision and administration department found 16 batches of defective face masks on Wednesday, including foreign brands made by Honeywell, Airwalker and Dr. Hoffmann.
Source: Global Times | 2020/8/5 23:07:43

Fosun and BioNTech jointly begin phase I clinical test of mRNA-based COVID-19 vaccine in China

Shanghai-based pharmaceutical company Fosun Pharma and Germany-based BioNTech SE jointly announced on Wednesday that they have began phase I clinical tests of mRNA-based COVID-19 vaccine in China. The first 72 participants have been dosed with BNT162b1.
Source: Global Times | 2020/8/5 21:32:26

World's first COVID-19 vaccine production line wins approval

China made another breakthrough in battling the coronavirus pandemic, with China National Biotec Group (CNBG) announcing Wednesday that an inactivated COVID-19 vaccine production workshop of its affiliated Beijing institute of biological products, the first and largest of its kind in the world, has passed national examination.
Source: Global Times | 2020/8/5 19:53:41

China's COVID-19 testing capacity leading the world

China's COVID-19 testing capacity can fully meet domestic demand and with a very high accuracy rate, authorities said Wednesday, and the most rapid nucleic acid testing products can deliver results within 30 minutes.
Source: Global Times | 2020/8/5 18:33:40

Peking University's ledger breakthrough to promote application of blockchain technology

A research task force from Peking University has developed a new distributed ledger system capable of supporting a high data throughput and system expansion and controlling storage and output.
Source: Global Times | 2020/8/5 16:49:00