Four electronic payment providers were chosen by Hong Kong to operate the city's HK$36 billion digital voucher scheme this summer, which is estimated to bring economic growth of 0.7 percentage points this year, Hong Kong's Financial Secretary said on Sunday.
Tesla's CEO Elon Musk sent his plaudits to Chinese NEV manufacturer NIO which saw its 100,000th car come out of assembly line. Commenting on his Twitter account, Musk said "That is a tough milestone" on Saturday.
Alibaba Group was fined 18.23 billion yuan by China's regulator for market monopoly practice.
Chinese technology giant Huawei announced the launch of its HarmonyOS-based new products that cater to the smart home experiences. This is a further step toward smart home market in its acceleration for product innovation.
All Tesla models can get license plates as normal, the company said in a statement sent to the Global Times on Thursday, responding to the recent rumor that Shanghai's Pudong Vehicle Administration Bureau had temporarily halted the registration of all their models over security concerns due to cameras installed in the vehicles.
Sea Bull II, a deep-sea drilling rig developed by a Chinese research team, held a successful trial for drilling at a world-record depth of 231 meters on the seabed of the South China Sea on Wednesday.
Canadian merger and acquisition (M&A) activity during the first quarter soared to an all-time high as dealmaking recovered from the coronavirus fallout, and bankers point to a healthy pipeline of transactions underpinned by easy financing conditions.
Electric vehicle maker Nio saw its 100,000th car roll off the assembly line on Wednesday, a milestone for the Chinese electric vehicle (EV) start-up since its first vehicle was manufactured nearly three years ago.
China Development Bank (CDB), the government's major policy lender, will issue 300 billion yuan ($45.87 billion) of loans to encourage the research and development of advanced technologies, in order to support tech innovations and enhance the country's technology level.
The Chinese company Zijin Mining Group Ltd announced on Tuesday that, together with its Canadian partner, Barrick Gold, it is having a constructive discussion with the government of Papua New Guinea (PNG) on a framework agreement for the reopening of the Porgera Gold Mine.
As US stocks continue to hit new highs lifted by rounds of excessive fiscal stimulus, many countries are stepping up their de-dollarization efforts to reduce reliance on the greenback amid fears of a potentially weaponized US dollar.
Xiamen Airlines told the Global Times on Tuesday that it is modifying its Boeing 737 MAX jets after Boeing issued technical guidelines for the carrier, a necessary preparation before the planes return to service.
Chinese domestic airlines see flights doubled over the Qingming Festival holiday, industry data showed, a strong sign to show the industry's recovery after years' dark time. Data from industry information provider VariFlight showed on Tuesday that, during the three-day holidays from Saturday to Monday, the number of domestic passenger flights was 34,700 in total, increasingly two-fold compared with the same period last year, and up about 13 percent over the same period in 2019.
Malaysia resumed construction work on the East Coast Rail Link's (ECRL) Section C on Monday, which would enhance China-Malaysia economic and trade cooperation and lay a solid foundation for the high-quality joint construction of the Belt and Road Initiative (BRI), according to an expert.
Timber prices in China soared as imports have been affected by the COVID-19 pandemic, which has put much stress on companies in the sector. But experts predicted that the situation will ease as the pandemic wanes and conditions improve.
Responding to reports by Chinese netizens of a "problematic map of China" on Swedish clothing brand H&M's official website (hm.com), the bureau of planning and natural resources in Shanghai informed the company and asked it to rectify the "problematic map" promptly.
Showing no sign of slackening, the global chip supply shortfall is pushing up the prices of chip wafers and semiconductor products by a steep 20 percent, media reports said.
Chinese runners applauded the suspension of a partnership between a domestic marathon race organizer and Japanese sportswear company ASICS, which has caused outrage among the Chinese public for its double-crossing move on the Xinjiang cotton issue.
The Anglo-Australian mining company Rio Tinto Group said that they are really hoping to work together with their Chinese partners on the project at Simandou mine in Guinea. They are expecting to receive financial and technological support from the Chinese side to accelerate the project.
Despite the impact of the COVID-19 pandemic and the uncertainty around the US Entity List, the Chinese chip maker, Semiconductor Manufacturing International Corporation (SMIC), still witnessed a strong financial growth in 2020 with record numbers, according to the company's 2020 financial report published on Wednesday.
Chinese technology giant Huawei said its revenue and net profits both grew in 2020 and met targets, despite losses inflicted by the US government's blacklisting on its traditionally strong businesses.
The Indian government's reported action against ByteDance, which owns short-video platform TikTok, is reflective of the current situation for Chinese app services providers in the country amid a government crackdown on taxation transparency, Chinese analysts and investors said on Wednesday.
China's capital markets should boost investment in core materials and technologies for making vaccines, including lipid nanoparticles (LNP) - which are scarce around the world right now - for making COVID-19 mRNA vaccines, according to the head of the Chinese Center for Disease Control and Prevention (CDC).
Construction of the nuclear power plant invested by China Huaneng Group - the first nuclear project under China's 14th Five-Year Plan - in Wenchang, South China's Hainan Province, kicked off on Wednesday.
Chinese technology giant Huawei said it saw growth in both revenue and profit in 2020, meeting company targets despite the losses inflicted by the US government' blacklisting of its traditionally strong businesses.
China is an important market for #H&M and the Swedish company's commitment to China market remains strong, said H&M in a latest statement, after the brand was boycotted by Chinese consumers over H&M's discrimination of #Xinjiang cotton.
The Chinese smartphone maker Xiaomi unveiled on Tuesday its ambitious $10 billion plan to enter the Smart Electric Vehicle (EV) manufacturing field, as the company has more than 100 billion yuan ($15 billion) in cash reserves and a vast talent pool to support the new business.
As the world faces an ongoing shortfall of chips, more Chinese companies from different sectors including automakers, smartphone manufacturers and home appliance producers, have speeded up efforts to foray into semiconductors sector, the Global Times learned.
Disruptions caused by the Suez Canal blockage, which interrupted a key transport artery between producers in China and customers in Europe, led many Chinese exporters to diversify their logistics channels via sea, air and land. It was yet another test, following the COVID-19 pandemic, of the resilience of supply chains in China.
The Biden administration's move to suspend all engagement with Myanmar will have a limited impact on Myanmar-based Chinese firms' export business. But Chinese businessmen told the Global Times they're concerned that Europe – which accounts for more than half of their business – may follow suit, which would seriously dent their export business.
One of China's first national innovation demonstration zones, Zhangjiang, where the country's first self-developed large passenger plane C919's R&D center is located, has shown its mature innovation—especially in three major industries—in the past 10 years, and also becoming the epitome of China's efforts to improve its technological and innovative capacities.
Customs in Kunming, capital of Southwest China's Yunnan Province, has recently arrested 10 real hair smuggling groups in partnership with multiple customs. The smuggled hair has a total value of more than 1.1 billion yuan ($167 million), with 230 million yuan of taxes being evaded, reported the China Media Group.
Cotton produced in Northwest China's Xinjiang Uygur Autonomous Region is of higher quality than the production requirements specified by Better Cotton Initiative (BCI), said Cao Huiqing, official of China Cotton Association, the Economic Daily reported on Tuesday.
China's exploration and utilization of renewable energy remains world No.1 by the end of 2020, providing a strong foundation for the country's energy transition to green and low-carbon, Zhang Jianhua, head of the National Energy Administration, said at a press briefing on Tuesday.
The first locally cleared and assembled freight train under the China railway express connecting China and Europe set off south Xinjiang on Monday, according to media reports.
The civil aviation industry, which has been struggling for a long time under the epidemic, is hoping for a turning point in its recovery process.
Despite the logjam in the Suez Canal caused by a massive containership that got stuck in the key waterway, traders in China have seen a limited impact on their operations, with many turning to more reliable alternatives such as China-Europe freight train service to take much-needed goods from factories in China to the European market.
An official notice seeking public comments on a proposed ban on the use of industrial hemp in cosmetics sent the shares of many major hemp growers in China diving on Monday, prompting some growers to look to exports to survive.
China needs to further accelerate coordination between domestic and international carbon trading mechanisms, and establish national standards that correspond with the development of the international carbon market to enhance the country's global pricing capability, according to a report posted on the official website of the Shanghai Environment and Energy Exchange (SEEE) on Monday.
Chinese automaker Great Wall Motors on Monday unveiled a plan to enter into the hydrogen energy sector, including the application of hydrogen fuel cells, making it one of the first automakers to develop such technology for private-use vehicles.
Chinese telecommunications firm Huawei has received a mobile payment license in China through acquisition, expanding its presence in a lucrative business, according to media reports.
Chinese electric car start-up Nio is shutting a factory for five days due to the global shortage of semiconductors, the company announced over the weekend. Experts predict that the shortage may extend to other Chinese electric vehicle (EV) makers and last through the third quarter.
Textile products made with cotton from Northwest China's Xinjiang Uygur Autonomous Region have seen their sales skyrocket in the domestic market over the past several days, as consumers expressed firm support for the product with their purchasing power after bans by some foreign brands sparked widespread outrage in the country.
As a tariff jam in the Suez Canal caused by a massive containership continues, many Chinese firms are scrambling for ways out of the predicament, with some re-routing their ships and others opting for the China-Europe train services, maritime industry practitioners and experts told the Global Times.
China's capital market should boost investment in core materials and technologies for making vaccines, including lipid nanoparticles (LNP) – which are scarce around the world right now – for making COVID-19 mRNA vaccines, according to the head of the Chinese Center for Disease Control and Prevention (CDC).
As the world is facing a shortage of COVID-19 vaccines, some Chinese pharmaceutical companies are rushing to expand their overseas operations to meet the huge demand. But despite their global competitiveness, they still face non-commercial barriers such as political bias, analysts said on Sunday.
China has moved to further heighten regulation of rare earths production in a new guideline, a move that aims to develop and conserve these resources to meet rising domestic demand and protect the strategic resource amid an intensifying global competition, analysts told the Global Times on Sunday.
Foreign brands may see their total enterprise value, in perspective of growth prospects, reduced by about 50 percent in five years, due to their groundless vilification over cotton produced in northwest China's Xinjiang Uygur Autonomous Region, Chinese experts forecasted.
China on Thursday urged the US to stop discriminatory actions against Chinese firms after the US securities regulator adopted a new measure that would delist foreign companies from US stock exchanges if they don't follow the US auditing standards.
Logistics companies and shipping agents in China, the world's largest goods trading nation, are closely watching the worst shipping jam in years in the Suez Canal after a super-sized containership from the island of Taiwan ran aground in the middle of the vital waterway.
Several of San Francisco Bay Area's largest technology companies including Twitter Inc and Google plan to keep their offices largely closed for months more despite the government allowing them on Tuesday to be opened in a limited capacity.
Self-driving truck start-up TuSimple Holdings Inc filed for a US IPO on Tuesday, joining a clutch of companies that are looking to capitalize on rising investor interest in the sector.
The Chinese branch of Japanese garment retailer MUJI clarifies on Thursday that the company is using Xinjiang cotton after H&M's boycott of Xinjiang cotton has aroused public outrage.
Spanish fashion brand Zara's parent company Inditex is suspected of quietly withdrawing a boycott of Xinjiang Cotton after H&M, Nike and other companies caused public outrage on the Chinese Internet for boycotting Xinjiang cotton.
Chinese netizens don't buy the H&M reply regarding Xinjiang cotton, and some said the reply implies that the firm is not doing wrong.
Chinese sports-wear maker Anta Sports announced on Wednesday that it is starting the process to quit the Better Cotton Initiative (BCI), a Switzerland-based cotton organization, and will continue to use cotton produced from Northwest China's Xinjiang Uygur Autonomous Region.
China will conduct a national survey of seeds and animal genetic resources -- including poultry and aquatic products -- within the next three years, the Ministry of Agriculture and Rural Affairs said on Wednesday, the first concrete step in a broad effort to break through the bottleneck of foreign-controlled resources and ensure China's food security.
Driving all the way to the east from city center of Yinchuan, capital city in Northwest China's Ningxia Hui Autonomous Region, on the eastern banks of the Yellow River, millions of midnight blue solar panels that stretch to the horizon would suddenly come into view on the slopes of gullies, like a blue ocean.
Chinese netizens call for fashion retailer H&M "get out of Chinese market" after it came to light that the company said it has prohibited any type of "forced labor" in its supply chain in Xinjiang, citing so called human right concerns.
Chinese companies are accelerating the business expansion in overseas markets during the first months of 2021 following a big push for expansion last year.
Being selected as the two centers for the national-level carbon emission trading system, one for trading and one for the registration of applications and data collection, Shanghai and Wuhan will step up to build the carbon trading system by the end of June.
China's six state-owned banks, which have already been participating in the distribution of digital yuan, and have begun accepting public applications from Chinese citizens on opening their own trial digital renminbi wallets, as part of a move that would pave way for the digital currency's nationwide application.
Hongkong and Shanghai Banking Corporation (HSBC) is considering downsizing its staff scale of compliance departments and to move half of the compliance department functions to Guangzhou of South China's Guangdong Province from Hong Kong to save cost, Sing Tao Daily reported on Tuesday citing sources.
Baidu is "starting a new undertaking" for second time by listing on the Hong Kong bourse, said Baidu CEO Robin Li Yanhong on Tuesday, minutes before he struck the gong at the firm's IPO ceremony in Hong Kong.
Chinese telecom giant ZTE Corp will continue to build up its core competences that are comprised mainly of algorithms and chips, its president said on Monday.
Chinese regulations on tobacco management are to be revised in order to strengthen supervision and administration of e-cigarettes and other new tobacco products. Regulators are soliciting public opinions on the revision until April 22, according to an official statement released on Monday.
More positions were provided during China's spring job-hunting season due to the country's accelerating recovery pace. Demands for courier delivery talents led the increasing rate chart and needs for IT talents increased nearly by 10 percent, top recruitment platform Zhilian Zhaopin told Global Times on Monday.
South China's Hainan Province is planning to grow its seed industry output value to 50 billion yuan ($7.68 billion) by 2025, provincial government official said on 2021 China Seed Congress (CSC) on Sunday, reported Hainan Daily on Monday.
As reports have been spreading that China is banning electric cars made by US-based Tesla from entering some domestic military complexes, Chinese analysts pointed out the move, if turns out to be true, is not a targeted one but a common practice that's no need to be exaggerated considering the confidentiality of the locations.
Some Chinese chipmakers are rushing to buy foreign secondhand chip production equipment, as a global supply crunch and US sanctions created a supply-demand imbalance for China's semiconductor industry.
Some Chinese rare-earth companies and their downstream firms are finding that their raw materials could not be shipped smoothly from Myanmar, a key supplier of medium and heavy rare earths for China, amid political upheaval in the Southeast Asian nation, although mining operations remain unaffected, several sources at those companies told the Global Times on Sunday.
Collecting imported toys, a hobby popular among some Chinese youngsters, has recently witnessed a new trend: snapping up Bearbrick, the Japanese cartoon-like toy bears, with prices jumping from a few thousand yuan per unit to as much as hundreds of thousands, which is partially driven by the logistic disruptions caused by the coronavirus pandemic.
Different types of loans for various purposes, including loans for betrothal gifts, wedding ceremonies and even buying graveyard plots went viral on China's social media recently. Netizens say these abnormal loans indeed expand their imaginations.
Sichuan Airlines responded to a doctor's query over the charge for organ transportation from the flight company, stating that the charge is now cancelled as a gesture of goodwill, but was initially made in accordance with the company's baggage policies, Jiemian reported on Saturday.
Tesla Inc chief Elon Musk on Saturday denied the US electric car company will use its products to spy on any country in the wake of reports about Tesla cars being banned to enter some military complexes in China.
Known as the “Manhattan of the East,” Lujiazui Financial City in Shanghai's Pudong New Area is making efforts to improve its building economy with the aim of having two commercial buildings whose tax revenues exceed 10 billion yuan ($1.54 billion) in 2021, local authorities said on Friday.
China will welcome the new air travel season, and industry data shows that the number of weekly domestic flights will be much higher than the year before the epidemic, showing Chinese airlines are now turning to domestic demand for the industry's recovery.
The Chinese flag carrier, Air China, announced on Thursday that it has signed an agreement with AFS Investments Inc, a subsidiary of aircraft leasing giant GE Capital Aviation Services (GECAS), to buy 18 Airbus A320neo planes from the European manufacturer to improve its transport capacity.
China's second financial court was officially launched in Beijing on Thursday, setting in motion a specialized tribunal to take up cases that relate to damage to domestic investors arising from overseas listings or overseas financial institutions' offerings.
South Korean skateboard shoe brand Lakai are now believed by Chinese netizens as trying to grab media attention in South Korea by announcing its plans to suspend sales to Chinese market, following a controversy over traditional Korean costumes.
Chinese aerospace suppliers for Rolls-Royce have achieved an outstanding performance among global suppliers, and they are winning new orders after a decline, Julian MacCormac, country director for China from UK-based Rolls-Royce Plc, said on Thursday.
The Hong Kong special administrative regional government on Thursday condemned a recent US order which requests several Hong Kong designated airlines provide flight schedule to the US side to see any move to "affect the public interest," is "unfounded," and the US accusation does not serve the interest of all airlines serving destinations in Hong Kong and the US.
Rupert Murdoch's News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country.
Rogers Communications Inc's efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face some of the world's highest phone bills.
China is set to strengthen security assessment of new Internet-related technologies and applications using voice-based social network and deep-fake technology.
Chinese e-commerce firm Pinduoduo's fourth-quarter revenues surged 146 percent year-on-year, primarily due to an increase from online marketing services and contributions from merchandise sales, the company said in an earnings report released on Wednesday.
China's domestic-made ion implanters can now produce 28-nanometer chip wafers, breaking a bottleneck in the nation's chip sector amid a technology stand-off with the US.
"I would prefer nursing home when I turn 80 years old instead of being stuck at home with my husband and a nurse," Sun Yahong, 64, a Beijing resident said when thinking of her elderly life.
New Zealand dairy company Fonterra said on Wednesday that it has decided to sell its joint venture (JV) farms in China and reduce its stake in its Chinese food manufacturer Beingmate in order to focus on the company's domestic operations.
Wandianzhang, a facial recognition camera supplier to the Chinese unit of US kitchen and bathroom products maker, Kohler, has set up a special working group to urgently conduct an internal investigation. The move comes after the state broadcaster denounced the widely installed face-capturing cameras at China's annual Consumer Rights Day TV show late Monday.
Following the implementation of the national security law for Hong Kong and the latest plan for electoral reform for the special administrative region passed by China's top legislature, small and medium-sized enterprises (SMEs) in Hong Kong can enjoy stable social order and prioritize their recovery this year, though still being disturbed by COVID-19.
Huawei said on Tuesday that it will start to charge royalties to 5G smartphone makers using its patented 5G technology, which will provide a “reasonable percentage royalty rate” of the handset's selling price, with per unit royalty cap at $2.50.
Chinese high-tech start-up ByteDance confirmed with the Global Times on Tuesday that it has established a team to conduct research and development (R&D) on artificial intelligence (AI) chips for cloud computing, the move of which was not unexpected as more Chinese internet firms have entered this area, analyst said.
Honor, the budget smartphone brand that was divested by Huawei amid US chip restrictions, is developing rapidly and will reportedly launch “its first true flagship series” in July. The company said in January it would move to the mid- to high-end market segments.
Bitcoin mining companies ramped up efforts to meet the rising demand from overseas including the US while the crypto-currency price skyrocketed, partially due to the world uncertainty over the US government's monetary easing and the pandemic.
Chinese civil aviation regulator vows to build passenger traffic back to around 90 percent of pre-pandemic levels, while aiming to reduce losses and increase profits for aviation companies.
Chinese authorities will continue to work for overhauling problematic apps in 2021 so as to strengthen protection of consumers' personal information, Zhao Yang, an official with the Ministry of Industry and Information Technology (MIIT), said in response to the ongoing cases of leaking personal information connected to several apps.
As the stock price of Chinese top liquor brand Kweichow Moutai has kept on the wane in the past few trading days, a prominent Chinese economist called for a price increase for the brand so it gradually become a luxury liquor brand to compete with other liquor brands on the global market.
China civil regulator revoked the pilot's license after the pilot and flight attendant from Donghai Airlines assaulting each other during a flight, new routes application will also be suspended for the carrier.
Tesla has released a statement on a car accident in South China's Hainan Province on Thursday, saying that the accident was mainly caused by the wet ground, resulting in a longer braking distance, and the driver who stepped on the brakes too lightly and too late.