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China builds first mRNA vaccine production base in Yunnan Province

China's first mRNA COVID-19 vaccine production plant will be built in Yuxi, southwestern China's Yunnan province, which is expected to produce 120 million doses of the vaccine per year when the plant is completed.
Source: Global Times | 2020/12/21 17:08:40

China hopes Sweden provides a fair, open, transparent and non-discriminatory environment for Chinese companies operating in Sweden: ambassador

We urge the Swedish side to immediately correct this wrong decision [of rolling China's Huawei and ZTE out of the 5G construction in Sweden], and hope the Swedish side will implement the principles of openness and the rule of law, instead of the slogan, which targets others, Chinese Ambassador to Sweden Gui Congyou said in a recent interview on Friday.
Source: Global Times | 2020/12/21 10:13:15

Industrial upgrade in China's factory zone Dongguan eases labor shortages

A push for industrial upgrading has led to an increase in automated production lines in Dongguan, one of the world's leading factory zones, in South China's Guangdong Province, helping to address persistent labor shortages.
Source: Global Times | 2020/12/20 22:21:27

US blacklists more Chinese companies, including SMIC

The US Commerce Department announced Friday that it added more Chinese companies, including the country's leading chipmaker Semiconductor Manufacturing International Corp (SMIC), to its Entity List.
Source: Global Times | 2020/12/19 11:19:03

Australia's coal import ratio is only 2%, nothing to do with China's temporary power shortages

China is self-sufficient in coal, and the power supply gap in some cities is mainly due to a sudden demand, which has nothing to do with declining supplies from overseas countries such as Australia, industry insiders and analysts said on Friday.
Source: Global Times | 2020/12/18 22:53:40

Huawei to build 200-mln-euro manufacturing plant in NE France

Huawei has chosen the Business Park in the city of Brumath in France's northeast Grand-Est region as the venue for its first manufacturing plant in Europe, the global telecom leader and the local authorities of the French region announced in a joint statement released on Thursday
Source: Xinhua | 2020/12/18 11:35:09

Alibaba Cloud's facial recognition algorithm a trial technology, not to identify ethnicity

A facial recognition technology that included ethnicity as an algorithm attribute for tagging video images was developed by Alibaba Cloud in a testing environment, and Alibaba will not permit the technology to be used to identify specific ethnic groups, Alibaba Group said in a statement on Thursday.
Source: Global Times | 2020/12/18 10:49:28

Chinese mobile phone brands take 60% of global market

Despite the global COVID-19 pandemic, Chinese mobile phones are gaining in popularity in the global market. According to the international e-commerce platform Aliexpress, Chinese mobile phone brands now have a 60 percent share of the global market.
Source: Global Times | 2020/12/18 5:54:41

It's Australia, not China that's violating free trade deal, analysts say, urging China to resort to international courts

Economists laughed at Australia's attempts to crack down on China by taking legal action against the country under the China-Australia Free Trade Agreement (ChAFTA), saying that it is Australia instead of China that is violating the terms of the agreement, and that China should resort to international courts more often to safeguard its interests.
Source: Global Times | 2020/12/17 22:38:40

Surging heating demand, output shortfalls lead to tight power supplies in China

Several provinces in China announced that electricity loads have increased rapidly and issued proposals to save electricity and start its orderly use.
Source: Global Times | 2020/12/17 21:23:40

Luckin Coffee reaches settlement with US regulator, to pay $180m in fines

Luckin Coffee, a potential rival to Starbucks, stated on Thursday that it has reached a settlement with US securities regulators on alleged financial fraud by some of its former employees.
Source: Global Times | 2020/12/17 21:03:40

Industry insiders urge fair reporting as iron ore prices soar

Blatantly misleading overseas media reports about Australia's iron ore trade with China have destabilized the market and possibly contributed to soaring prices, said industry insiders, who spoke of the need to avoid market panic that will cause disruption for the supply chains on both sides.
Source: Global Times | 2020/12/17 20:58:39

European tech firms seek to share in US IPO bonanza

Some of Europe's tech companies are preparing to speed up listing plans early next year to grab some of the billions of dollars of investor cash that has already fuelled a record-breaking run of tech IPOs in the US this year.
Source: Reuters | 2020/12/17 19:33:39

Luckin Coffee reaches settlement deal with US regulator, to pay $180 million in fines

Luckin Coffee, a potential rival to Starbucks, stated on Thursday that it has reached a settlement with US securities regulators on the alleged financial fraud by some of its former executives.
Source: Global Times | 2020/12/17 9:48:06

Fear of job losses rise in Australian agribusiness amid souring ties: AustCham China survey

As Australian exports to China fall amid fraught bilateral ties, Australian agribusinesses have a growing fear of job losses and the wine sector, being hit hardest, is the most concerned about anti-dumping investigations, an industry survey finds.
Source: Global Times | 2020/12/16 21:32:08

Data shows Australian barley exports to China were dumped; experts say Australia to lose WTO case

Statistics showed that Australian barley exported to China has shown obvious dumping signs in recent years, which will lead to Canberra's loss in its appeal against Beijing at the World Trade Organization, experts said, after Australia announced plans to challenge China over tariffs on its barley.
Source: Global Times | 2020/12/16 21:16:50

SMIC shares sink after leadership shift, likely to hurt client confidence

Shares in Chinese mainland-based chipmaking giant Semiconductor Manufacturing International Corp (SMIC) went through a turbulent day, first halting trading and then sinking on Wednesday, after what is seen as an abrupt senior management change.
Source: Global Times | 2020/12/16 20:58:40

Huawei launches proprietary HarmonyOS for smartphones

Huawei launches the HarmonyOS 2.0 Beta for its smartphones in Beijing on Wednesday, another step closer for phasing in an alternative for Google's Android operating system, which is also deemed a hedge against US government crackdown on the top Chinese technology company.
Source: Global Times | 2020/12/16 14:58:49