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China has not stopped flights from India: insider

China has not stopped air services between China and India, and the passenger flights between the two countries have been operating normally recently, industry insiders said on Monday, after Indian media reports said that China had banned entry following a surge of COVID-19 cases in India.
Source: Global Times | 2020/12/28 21:36:54

Alibaba increases share buyback program from $6b to $10b

Alibaba Group said on Sunday that its board has authorized an increase in the company's share repurchase program to $10 billion, up from $6 billion. The move shows that the company's cash flow is adequate and the e-commerce giant believes its share price is at a lower level now, analysts said.
Source: Global Times | 2020/12/28 20:13:40

Crop farming shares lead gains on Chinese A-share market Monday morning

Crop farming shares led gains on Chinese A-share market on Monday morning, as investors were buoyed by a promising prospect of seeds and farming industry on heels of the just-concluded tone-setting Central Economic Work Conference, among which ensuring grain safety is one of the priorities.
Source: Global Times | 2020/12/28 14:15:34

Alibaba increases share repurchase program from $6b to $10b

Alibaba Group Holding said on Sunday its board has authorized an increase in the company's share repurchase program to $10 billion up from $6 billion. The move reflects the company's adequate cash flow and optimistic outlook for its future development, analysts said.
Source: Global Times | 2020/12/28 10:58:39

China's largest environmental enterprise explores ways of building 'waste-free cities'

The largest environmental enterprise in China has vowed to construct a unique mode of waste treatment, a step forward for China's "waste-free cities."
Source: Global Times | 2020/12/27 22:52:38

Ant to embrace makeover for new starting point

China's top financial regulatory authorities, including the central bank, jointly interviewed Alibaba Group's fintech offshoot Ant Group on Saturday, in a follow-up to the high-profile antitrust probe into the e-commerce giant that aims for a new starting point for the country's platform economy.
Source: Global Times | 2020/12/27 16:38:29

Construction starts on new plant for viral vector COVID-19 in Beijing

A groundbreaking ceremony for a COVID-19 vaccine production base was held on Sunday at Daxing Biomedical Industrial Base in southwestern Beijing. The vaccine will be based on the non-replicating viral vector using chimpanzee adenovirus, the first of its kind in China, media reported.
Source: Global Times | 2020/12/27 20:56:54

Xiaomi's omission of chargers for Mi 11 sparks controversy

Chinese smartphone maker Xiaomi's decision not to provide chargers with its upcoming flagship smartphone Mi 11, which the company said was intended to protect the environment, has raised discussions online about whether the move will protect the environment or just the company's business interests.
Source: Global Times | 2020/12/27 18:18:40

Chinese companies see rising profits despite fallout of COVID-19 outbreak in 2020

A total of 641 firms listed on China's A-share market, as of Friday, released performance forecasts for 2020. More than 40 percent are predicting positive growth, despite the fallout of the COVID-19 pandemic, according to information released by Wind, a financial information database.
Source: Global Times | 2020/12/27 17:38:39

China's top financial regulatory authorities including the central bank, summon Ant Group for talks on Saturday

China's central bank, Banking and Insurance Regulatory Commission, Securities Regulatory Commission, and Foreign Exchange Administration summoned Alibaba's fintech offshoot Ant Group for regulatory talks on Satuardy.
Source: Global Times | 2020/12/27 14:14:27

Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.
Source: Global Times | 2020/12/26 9:27:39

Chinese companies and individuals fined over 1 million for smuggling copper sludge

Two Chinese companies and two Chinese nationals were ordered on Friday by the Shanghai High People's Court to pay 1.05 million yuan ($160,533) in disposal fee, after a seizure of 138.66 tons of copper sludge smuggled from overseas in the name of copper ore.
Source: Global Times | 2020/12/25 22:39:15

Tesla launches new store in Shanghai, expects continuous growth in Chinese market in 2021

US electric vehicle manufacturer Tesla concluded 2020 with a new store unveiled on Thursday in Shanghai, which will provide consultations, test drives, test delivery, and after-sales services based on Tesla's direct sales model, the company said in a statement issued to the Global Times.
Source: Global Times | 2020/12/25 21:42:06

China extends tariff exclusions on six US products by another year

China has said it will extend tariff exclusions for six types of US imports, which are subject to Beijing's countermeasures against the US Section 301 action, by an additional year from Saturday.
Source: Global Times | 2020/12/25 21:28:39

CRRC unit drops out of India bullet train bid, impact seen as limited

The fact that an advanced high-speed railway equipment supplier from China is not taking part in a high-speed railway project in India, which has taken a hostile approach toward Chinese investors after a deadly border clash in the Himalayas in June, could be a blessing in disguise due to the country's poor investment environment, Chinese analysts said on Friday.
Source: Global Times | 2020/12/25 19:58:39

China set up 103 anti-monopoly probes in 2019: regulator

China set up 103 anti-monopoly probes in 2019, the top market regulator said in a report on Friday. 46 cases were concluded and 320 million yuan ($49 million) worth of fines were imposed.
Source: Global Times | 2020/12/25 17:58:39

Deutsche Bank becomes first foreign bank approved for domestic securities fund custody in Beijing

Deutsche Bank became the first foreign bank in Beijing approved for the custody of securities investment funds on Thursday. After completing relevant procedures, Deutsche Bank China can directly provide custody services to securities investment funds established in China, Beijing Youth Daily reported.
Source: Global Times | 2020/12/25 12:53:15

Honor reaches first agreement with Microsoft after 'leaving' Huawei

Honor, the phone unit sold by Huawei, announced on Thursday that it has signed an agreement with Microsoft and will use Windows 10 as its official laptop operating system across the globe.
Source: Global Times | 2020/12/25 0:37:09