SOURCE >> Companies

Huawei plans 5G layout with industry partners, downplays impact of US crackdown

Chinese telecommunications giant Huawei held a 5G industry forum in Shanghai on Thursday, during which it downplayed the impact of the US crackdown and vowed to speed up 5G construction with industry partners to welcome the "golden era" for 5G development in the next 10 years.
Source: Global Times | 2020/11/12 23:14:09

Chinese firms to build largest cross-sea cable-stayed bridge in Latin America

One of the highlights of the bridge will be the 12.4-kilometer cross-sea section, with the main tower topping up at 205 meters and a maximum span of 450 meters.
Source: Global Times | 2020/11/12 22:43:28

TikTok likely to survive in US as political landscape changes

After months of push-and-pull with the US government, Chinese video-sharing platform TikTok is at a turning point for its destiny in the US market, analysts said, due to the changing political landscape where President Donald Trump is so far at a disadvantage against President-elect Joe Biden.
Source: Global Times | 2020/11/12 19:48:40

American Airlines to restart service to China, taking number of China-US flights to 20 per week

American Airlines has announced to restart services between China and the US, with a total of 10 flights per week by March next year.
Source: Global Times | 2020/11/12 12:11:42

SMIC Q3 performance hits record high despite US export curbs

Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) reported record high quarterly revenue and net margin in the third quarter, calling the impact of US export curb on the company controllable in short term.
Source: Global Times | 2020/11/12 12:07:53

Tibet drug firm inks deal to sell Russia's Sputnik V vaccine

Shanghai-listed Tibet Rhodiola Pharmaceutical Holding Co said its subsidiary Topridge Pharma has entered into a deal on the registration, import, production and sales of Russia's Sputnik V coronavirus vaccine in China in a cooperation deal valued at $9 million.
Source: Global Times | 2020/11/12 10:43:19

Chinese IPOs in US hit record high despite turbulence

New listings by Chinese companies reached a record high at the US stock market this year despite some turbulence. Observers said that more listings might follow in the coming year as the market becomes increasingly optimistic that the incoming Joe Biden administration might work to improve economic relations with China.
Source: Global Times | 2020/11/11 20:01:13

TikTok's US destiny up in the air as divestment deadline looms

TikTok and its Chinese parent ByteDance filed a new petition to US court on Tuesday (US time) as a defensive move against US President Donald Trump's second executive order targeted at the video-sharing app, which is set to take effect on Thursday.
Source: Global Times | 2020/11/11 18:13:40

Digital China denies any agreement over Huawei's Honor acquisition

Chinese IT products distributer Digital China said in a statement on Wednesday that no agreement has been reached between them and Huawei on the acquisition of Huawei's Honor, after media reports claimed that a consortium led by Digital China and Shenzhen government will acquire Honor in a $15.2 billion deal.
Source: Global Times | 2020/11/11 12:08:03

China's first flying scooter demonstrates high performance

A team of Chinese rocket experts has developed China's first flying scooter that will be used in situations including high-altitude operations, firefighting and relief, search and rescue by complex terrain personnel and first aid.
Source: Global Times | 2020/11/11 9:57:47

Food, farm produce traders among biggest successes at 3rd CIIE

A major annual import trade fair that wound down on Tuesday in Shanghai has proven to be a touchstone of the Chinese economy's transition to be consumption-powered, a growth booster – notably for food and farm produce traders.
Source: Global Times | 2020/11/10 21:58:40

CIIE attendees highlight nation's consumption upgrade

A considerable consumption upgrade and focus on higher-end products was the theme of the third China International Import Expo (CIIE), exhibitors told the Global Times, as the annual import fair reported a 2-percent increase in intended turnover, despite the logistical and economic difficulties posed by the COVID-19 pandemic.
Source: Global Times | 2020/11/10 20:48:40

China's Hualong One 3rd-gen nuclear tech meets Europe's standards

China's Hualong One third-generation nuclear technology passed its European Utility Requirements (EUR) review, showing China's nuclear power technologies have become advanced and mature by meeting Europe's standards, according to a statement that China General Nuclear Power Group sent to the Global Times on Tuesday.
Source: Global Times | 2020/11/10 19:09:40

15 of 66 batches of consumer goods sold via livestreaming platforms unqualified: Shanghai market watchdog

The Shanghai market watchdog has supervised and sampled 66 batches of consumer goods — including infant and adult clothing, scarves, shoes and bags — sold via four major livestreaming platforms, among which 15 batches were unqualified, with a disqualification rate of up to 22.7 percent, Shanghai Market Supervision Bureau announced on Tuesday. Ahead of the Double 11 shopping event, the local market watchdog reminds consumers to shop reasonably and don't trust live-streaming promotions blindly.
Source: Global Times | 2020/11/10 16:15:34

Swedish court halts Huawei ban in 5G spectrum auction

The Stockholm Administrative Court on Monday temporarily suspended an October ruling by Swedish telecoms regulator Post and Telecom Authority (PTS) that excludes Huawei from the country's 5G spectrum auction, a crucial “turning point” that will have a positive influence on Huawei's fate in other European countries, according to observers.
Source: Global Times | 2020/11/10 10:59:37

Fosun hopes its '90% effective,' jointly-developed COVID-19 vaccine will be available in China ASAP

A COVID-19 vaccine candidate developed by Chinese conglomerate Fosun in collaboration with foreign partners Pfizer and BioNTech is "90 percent effective," Fosun chairman Guo Guangchang said Monday, raising hopes the company's coronavirus vaccine will soon be available in China.
Source: Global Times | 2020/11/10 1:04:46

TikTok lead on global app chart in October

Video-sharing app TikTok and its Chinese version Douyin were the highest in the world on the gross non-game app download chart in October, according to mobile app tracking website Sensor Tower.
Source: Global Times | 2020/11/9 20:03:41

Chinese mask producers ready to lend hand if US needs amid epidemic

Chinese personal protective equipment (PPE) suppliers may see increasing demand from the US as serious preventative measures are expected to be in place under a new Biden government, said industry representatives and experts.
Source: Global Times | 2020/11/9 20:03:40