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Peace can only be achieved through equal footing, rather than praying for mercy: Huawei's Ren Zhengfei

Peace can only be achieved when you have comparable strength with the strong, and it can never be achieved through praying for mercy, said Chinese tech giant Huawei's founder Ren Zhengfei, amid intensified US crackdown on the firm and deteriorating China-US ties.
Source: Global Times | 2020/10/28 11:59:25

Demand for NEVs rises following new restrictions for non-Shanghai plates

Demand for new-energy vehicles (NEVs) has increased in Shanghai following the city's expansion of restrictions for non-local plates since Saturday, said NEV sales staff reached by the Global Times on Tuesday.
Source: Global Times | 2020/10/28 2:05:40

Iconic Peking roast duck chain starved of revenue during epidemic

Chinese 156-year-old restaurant chain Quanjude, known for its trademark Peking roast duck, lost 202 million yuan ($30.12 million) in the first three quarters, almost equal to the net profits it earned over the past three years.
Source: Global Times | 2020/10/27 23:18:38

Fintech listing brings diversification and inclusion to China's A shares

Chinese fintech giant Ant Group will raise $34.5 billion in dual IPOs in Hong Kong and Shanghai after setting the price of its shares on Monday, making it the biggest IPO in history.
Source: Global Times | 2020/10/27 19:43:40

HSBC Q3 results 'show significance of mainland market'

Benefiting from China's quick economic rebound from the COVID-19 pandemic, HSBC on Tuesday reported a better-than-expected 36-percent drop in third-quarter profit. Britain's largest bank now intends to increase its investment in the Guangdong-Hong Kong-Macao Greater Bay Area, though the controversy over its violation of China's national interests continues.
Source: Global Times | 2020/10/27 17:05:24

Chinese medicine regulator to review EdiGene's therapy for blood disorders

The China National Medical Products Administration (NMPA) will review biotech company EdiGene's investigational new drug (IND) application for ET-01, an investigational gene-editing therapy for patients with transfusion-dependent beta-thalassemia (an inherited blood disorder), according to the company's website.
Source: Global Times | 2020/10/27 16:38:42

Ant Group IPO brings diversification and inclusion to China's A shares

Chinese fintech giant Ant Group will raise $34.5 billion in dual IPOs in Hong Kong and Shanghai after setting the prices for its shares on Monday, making it the biggest IPO in history.
Source: Global Times | 2020/10/27 16:32:32

The victory over WeChat appeal in US is a victory for all: alliance

A US court of appeals in San Francisco on Monday rejected the US Justice Department's request to maintain a preliminary injunction, preventing the government from banning Apple and Google from listing WeChat on their US app stores, and marking the third time the Trump administration has lost a WeChat case.
Source: Global Times | 2020/10/27 11:45:48

Wuhan shares experience on fighting against pandemic as city hosts international conference

Now that the coronavirus has disappeared from Wuhan and life has returned to normal, the city in Central China's Hubei Province is hosting an international event relating to global health and sharing experience on fighting against the virus.
Source: Global Times | 2020/10/26 22:31:55

Ant Group to raise $34.5 billion, becoming biggest-ever IPO

Chinese fintech giant Ant Group will raise $34.5 billion in dual IPOs in Hong Kong and Shanghai after setting its prices for its shares on Monday, championing the biggest IPO in history.
Source: Global Times | 2020/10/26 21:17:57

Beijing city require tracing data of imported cold-chain food

In a bid to strengthen supervision of imported cold-chain foods that may carry COVID-19, Beijing local authorities have ordered all relevant companies to trace the sources and whereabouts of frozen meat and seafood starting November 1.
Source: Global Times | 2020/10/26 20:25:43

Tesla exports China-made Model 3s to Europe

About 10 months after Tesla Shanghai delivered the first batch of locally made Tesla 3s, the US-based electric car company announced that it will export China-made Tesla 3s to a dozen European countries.
Source: Global Times | 2020/10/26 20:03:40

Italy's Huawei veto doesn't reflect hardened European line

The Italian government has reportedly vetoed a deal involving China's 5G technology giant Huawei, following Sweden's decision earlier this month to ban Huawei and ZTE from its 5G rollout.
Source: Global Times | 2020/10/26 17:48:41

Tesla recalls 48,442 vehicles in China

US electric-car maker Tesla has started to recall 48,442 vehicles in China, citing defective parts that could increase the risk of accidents, according to the country's top quality watchdog.
Source: Xinhua | 2020/10/26 11:05:21

Mexican health food company to attend CIIE despite COVID-19 pandemic

The Mexican agricultural company Sesajal has a shot at the Chinese market thanks to the third China International Import Expo (CIIE) in which the company is prepared to participate amid the COVID-19 pandemic.
Source: Xinhua | 2020/10/26 10:41:05

Top Chinese liquor maker on pace to hit annual earnings target

China's top liquor maker Kweichow Moutai posted rising revenues and earnings for the first three quarters of the year despite the COVID-19 pandemic, the company's quarterly financial data showed on Sunday, as the nation's biggest domestically listed firm is well on pace to hit its annual fiscal targets.
Source: Global Times | 2020/10/25 21:08:40

Apple reportedly restricts resale of iPhone 12 in China

Apple is reportedly restricting dealers from reselling its latest products, including the iPhone 12, to third party e-commerce platforms such as Pinduoduo, in an effort to keep its prices elevated in the Chinese market, according to multiple media reports.
Source: Global Times | 2020/10/25 18:23:40

Dealers talk up Huawei Mate 40 prices after phones sell out in seconds

Although the domestic prices for the newly launched Huawei Mate 40 series have not been officially announced, speculators and industry players said the prices could be driven up by hot pre-orders and the limited number of Kirin chipsets due to the US government's cut-off of supplies.
Source: Global Times | 2020/10/25 17:18:43