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Deputies brainstorm support for businesses

Deputies to the ongoing National People's Congress suggest the government work out more measures to help the country's struggling export sector, and assist hundreds of thousands of the small- and medium-sized businesses which have been seriously battered by the Covid-19 outbreak. Speaking Monday during the annual National People's Congress (NPC) session, Chinese Commerce Minister Zhong Shan said that stabilizing foreign trade and foreign investment is a matter of significance.
Source: Global Times | 2020/5/25 22:11:51

Long tunnel stretching 15 km on China-Laos railway is completed

The construction of a 15.2-km-long tunnel on the China-Laos railway was completed on Sunday, and the constructors said the railway link will come into operation in 2021.
Source: Global Times | 2020/5/25 16:18:41

China's Cansino COVID-19 vaccine shows encouraging results after phase-one trials

Chinese vaccine company Cansino Biologics says its phase-one human trials have found the company's COVID-19 vaccine candidate generated an immune response against Covid-19, and there is sufficient evidence to encourage further study, a company statement said on Monday.
Source: Global Times | 2020/5/25 15:13:40

China's first privately developed aircraft has started strength test

China's first aircraft independently developed by a private company, the Guanyi GA20, has reportedly completed its strength impact test for seats and seat belts, meaning it has officially begun its strength test.
Source: Global Times | 2020/5/25 14:38:40

More plans to boost financial sector cooperation within Greater Bay Area

Financial cooperation across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) will deepen this year, as deputies of the 13th National People's Congress (NPC) suggested exploring a futures exchange and free cross-border capital flows within the area.
Source: Global Times | 2020/5/24 21:16:51

Uber customer claims company won price-fixing suit because arbitrator was scared

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared.
Source: Reuters | 2020/5/24 16:53:40

Huawei leads China's 5G phone market in Q1

Huawei took the lead in China's 5G smartphone market in the first quarter of 2020, the company said at its 2020 Global Analyst Summit.
Source: Xinhua | 2020/5/24 13:21:29

Alibaba Cloud posts 62% revenue growth, becoming largest provider in Asia-Pacific

Chinese e-commerce giant Alibaba Group Holdings on Friday reported better-than-expected core financial figures for the fiscal year 2020 that ended on March 31, with its cloud computing services arm becoming the largest in the Asia-Pacific region.
Source: Global Times | 2020/5/22 23:13:52

Chinese aviation regulator approves US June flight and charter plan: insider

The Civil Aviation Administration of China (CAAC) has approved the flight and charter plan for US airlines to China in June, the Global Times has learned.
Source: Global Times | 2020/5/22 21:54:15

Baidu shares slide following reports on delisting from US

Chinese searching engine giant Baidu saw its shares slide over 1 percent at Thursday's opening bell following reports that the tech firm is planning to delist from the US NASDAQ stock exchange and move to a public destination closer to the domestic market.
Source: Globaltimes.cn | 2020/5/22 0:30:38

Air France axes Airbus A380; Emirates seen cutting deliveries

The world's largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe its grounded fleet and sources said Emirates was in talks to reduce remaining deliveries.
Source: Reuters | 2020/5/21 18:48:41

Chinese airlines venture into livestreaming

Aviation has now entered the realm of livestreaming, with more carriers venturing into the sector in a bid to further promote sales.
Source: Global Times | 2020/5/21 18:38:42

China-Europe sea-land express transport takes shape

The parliament of Hungary approved the upgrade of a rail link between Budapest and Belgrade, Serbia, after Hungary secured loans from a Chinese policy bank, a move that industry insiders could pave the way for a new, more cost-effective sea-land transport route under the Belt and Road Initiative (BRI) which will assist China to ship goods to Europe from Piraeus, Greece.
Source: Global Times | 2020/5/21 18:38:40

Nestle to further invest 102 million U.S. dollars in China

Swiss food giant Nestle announced an additional investment of 730 million yuan (about 102 million U.S. dollars) Wednesday to strengthen its business operation in China.
Source: Xinhua | 2020/5/21 11:07:27

Southwest China leads aviation recovery

For frequent business and tourism flyers, who have longed to start traveling again – a lifestyle choice increasingly popular among Chinese people -- there's been nothing more annoying than the coronavirus outbreak.
Source: Global Times | 2020/5/20 20:58:40

China urges US to remove illegal sanctions on Chinese logistics firm

China urges the US to immediately remove illegal sanctions imposed on Shanghai Saint Logistics Limited, adding the government will firmly commit itself to safeguarding the legitimate rights and interests of its companies, the foreign ministry said on Wednesday.
Source: Global Times | 2020/5/20 18:22:27

All provinces in China are asked to set up P3 lab: ministries

China's economic planner, the National Development and Reform Commission (NDRC), and two other government ministries on Wednesday issued a plan that requires every province in China to set up at least one P3 lab, and major cities to have at least one P2 lab, as part of the nation's efforts to improve its testing ability for pathogens and health hazards.
Source: Global Times | 2020/5/20 16:33:40

Luckin likely to face $5 billion compensation claim over sales fraud scandal: lawyers

Luckin Coffee, the Chinese challenger to US coffee giant Starbucks, is likely to face a $5 billion compensation claim from investors over its sales fraud scandal, a Chinese lawyer told the Global Times on Wednesday. That is a number the company will not be able to afford.
Source: Global Times | 2020/5/20 15:28:40