SOURCE >> Companies

China suspends import of logs from two Australian states to stem pest risk

China's General Administration of Customs (GAC) has suspended log imports from Australia's New South Wales and Western Australia, according to a notice issued by the GAC on Thursday.
Source: Global Times | 2020/12/24 22:35:17

Christmas season boosts China's market rebound

Although Christmas Eve had already arrived on Thursday, Chinese vendors on were busy with orders for the holiday season, using promotions to grab the last chance for big sales ahead of the Chinese New Year in February.
Source: Global Times | 2020/12/24 22:22:55

TSMC's new US plant another warning to mainland chipmakers to be self-reliant

Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, has started hiring for its first US plant in 20 years, media reported.
Source: Global Times | 2020/12/24 21:14:33

How Chinese drone makers help with US, UK combat COVID-19?

While the US government is making life difficult for Chinese drone makers by imposing economic sanctions on them, Washington has ignored how these companies have been helping the US in combating COVID-19, and undergoing some high-risk rescue operations.
Source: Global Times | 2020/12/24 16:13:39

China's top market regulator launches anti-trust probe into Alibaba

China's top market watchdog has launched a probe into e-commerce giant Alibaba's suspected monopolistic acts including forcing merchants to choose one platform between two competitors, the Xinhua News Agency reported on Thursday, in an effort considered to rectify market order and facilitate free, fair and non-discriminative business environment.
Source: Global Times | 2020/12/24 8:44:23

China's financial watchdogs to conduct regulatory talks with Ant Group

China's central bank and three financial watchdogs will conduct regulatory talks with Ant Group within the next few days.
Source: Xinhua | 2020/12/24 8:37:42

Chinese container makers work at full capacity amid global supply shortage

With jammed ports, halted production and disrupted logistics continuing to paralyze the US, Australia and some European countries amid the pandemic, Chinese container makers have been working at full capacity since mid-year -- but they still can't meet demand, while costs soar and delivery times for some raw materials get longer.
Source: Global Times | 2020/12/23 22:19:20

Hotel reservations for New Year up 80% in China: report

Chinese tourists are increasingly wondering how to book a desirable hotel for the coming holidays, and data from several online travel platforms show that the coming New Year holidays are likely to be busier than recent months.
Source: Global Times | 2020/12/23 22:03:45

Tariffs to fall on 883 products to boost supplies of drugs, high-tech components

China will lower tariffs on 883 imported products, including cancer drugs and other medical goods, high-tech equipment and components, and environmentally friendly products as of January 1, as a move to boost supply of much-needed high-quality products, the Customs Tariff Commission of the State Council said on Wednesday.
Source: Global Times | 2020/12/23 22:03:45

Chinese OS developer launches ecosystem alliance to break up Microsoft monopoly

Uniontech, the developer of Linux-based Unity Operating System (UOS), on Wednesday launched an ecosystem alliance revolving around the major domestic operating system that's envisioned to become the Chinese equivalent of Microsoft Windows, in a high-profile move to defuse woes over a US-initiated decoupling.
Source: Global Times | 2020/12/23 21:48:36

US crackdown on Chinese firms including SMIC puts global industry chain at risk: FM

China's Foreign Ministry again expressed concern over new US restrictions on Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) on Wednesday, saying that this move will do harm to global industry, supply and value chains.
Source: Global Times | 2020/12/23 19:32:08

ByteDance in talks to buy stake in mobile games firm CMGE -sources

China's ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its next pillar of growth.
Source: Reuters | 2020/12/23 15:53:39

Chinese autonomous vehicle start-up WeRide raises $200 million from bus maker

Chinese autonomous vehicle start-up WeRide announced Wednesday that it has received a strategic investment of $200 million from China's major bus maker Yutong Group, the largest investment in domestic autonomous driving sector made by a Chinese automaker.
Source: Global Times | 2020/12/23 14:16:29

Luxshare Precision is operating normally despite US Section 337 probe

The US ITC Section 337 investigation will not have a material impact on Luxshare Precision's production and business operations, according to a release by the Chinese company on Monday, in response to US Amphenol Group's investigation application initiated by US authorities on Friday in accordance with Section 337 of the US Tariff Act of 1930.
Source: Global Times | 2020/12/22 10:49:22

Chinese firm buys Bayer unit to augment COVID-19 vaccine production

WuXi Biologics, a global company with open-access biologics technology platforms, said on Monday that it will take over and operate the Drug Substance (DS) facility at Bayer's Wuppertal site for COVID-19 vaccines production.
Source: Global Times | 2020/12/22 9:21:28

HarmonyOS gives China own ecosystem, has far-reaching importance to nation's software sector: Huawei's Wang Chenglu

Huawei launched a new variety of the S-series Smart Screen and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, further major steps toward building a complete ecosystem based on its own OS.
Source: Global Times | 2020/12/21 20:52:30

Chinese chipmaker SMIC-related shares surge, defying US' stepped-up crackdown

China's A-shares related to leading chipmaker Semiconductor Manufacturing International Corp (SMIC) surged on Monday, defying the Trump administration' latest move of putting SMIC on its Entity List, which aims to contain China's development of indigenous advanced technologies.
Source: Global Times | 2020/12/21 20:23:39

Hong Kong food firm Green Monday opens faux meat store in Shanghai

Hong Kong plant-based meat brand Green Monday opened its first mainland restaurant on Monday in Shanghai, the latest example of Hong Kong companies' efforts to tap business opportunities in post-coronavirus era on the Chinese mainland.
Source: Global Times | 2020/12/21 18:59:58