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WeChat will not be shut down on Sunday: plaintiffs

WeChat will not be shut down on Sunday, said an alliance representing WeChat users in the US, after a US district court in San Francisco on Sunday issued an order granting a nationwide preliminary injunction against the WeChat ban, putting on hold the Trump administration's plan to shut down the Chinese-origin app.
Source: Global Times | 2020/9/20 23:08:40

Fate of Huawei's 5-nm Kirin chip at stake amid US ban: analysts

Huawei's new smartphone Mate 40, which uses the company's most advanced 5-nanometer Kirin chip, will reportedly be unveiled in mid-October. However, some observers wonder if the Mate 40 will be the first and last that's equipped with the 5-nm chip, due to the US crackdown.
Source: Global Times | 2020/9/20 22:23:40

Yielding to US pressure over China will backfire: experts

After four years of talks, Canada has abandoned efforts to reach a free trade deal with China, which would have been promising for Canada amid global uncertainties, especially when its trade relationship with its biggest trade partner, the US, has been worsening, experts said. They warned that Canada is choosing to follow the US at the expense of its economic future.
Source: Global Times | 2020/9/20 22:08:40

CNOOC puts Liuhua cluster into production early in South China Sea

China's largest offshore oil producer China National Offshore Oil Corp (CNOOC) on Sunday announced that its Liuhua 16-2 oilfield cluster commenced production in the South China Sea ahead of schedule.
Source: Global Times | 2020/9/20 21:03:41

Huawei teams up with CAS on technological development

Huawei is inviting professionals across China, from top research institutions to universities and companies, to join efforts in technological research as the Shenzhen-based technology giant tries to blaze a trail out of the US blockade.
Source: Global Times | 2020/9/20 21:03:40

TikTok may get more investors

ByteDance, the Beijing-based start-up behind popular video-sharing platform TikTok, confirmed to the Global Times on Sunday that it's possible more investors will be introduced to the pre-IPO deal in addition to Oracle and Walmart, as no specific agreement has been signed yet.
Source: Global Times | 2020/9/20 20:58:40

'World factory' Dongguan industry sees boost from domestic and overseas orders

"Dongguan traffic jam, global shortage" goes the widely known saying, referring to South China's Guangdong Province and its reputation as a manufacturing center. As China became one of the first countries to emerge from the COVID-19 pandemic, the economic revival could be seen in the flocks of migrant workers, heavy traffic and noisy machinery finally returning to the world's factory.
Source: Global Times | 2020/9/20 17:38:53

Timeline: US ramps up tech decoupling from China (since May)

Timeline: US ramps up tech decoupling from China
Source: Global Times | 2020/8/17 17:39:52

'No timetable' for China's unreliable entities list: official

China on Sunday sought to soothe concerns over its newly released provisions for the Unreliable Entity List that aims to sanction foreign entities harming Chinese interests, as an official offered reassurance that the mechanism will not affect China's opening-up policies and law-abiding firms, one day after procedural rules and penalties were revealed for entities put on the list.
Source: Global Times | 2020/9/20 14:20:18

Huawei teams up with CAS on technological development

Executives from Huawei including founder Ren Zhengfei visited the Chinese Academy of Sciences (CAS) recently to discuss fundamental research and core technology development with CAS' experts and scholars, according to the Bureau of Science & Technology for Development under the CAS.
Source: Global Times | 2020/9/20 11:58:40

Scale of China's public offering funds tops 17t yuan

The scale of China's public offering funds reached 17.8 trillion yuan (about $2.63 trillion) by the end of August this year, data from the Asset Management Association of China showed.
Source: Xinhua | 2020/9/19 22:12:55

Freedom of Meng Wanzhou is more important than China-Canada FTA talks

Canada has abandoned free trade negotiations with China, the country's Foreign Affairs Minister François-Philippe Champagne said in an interview to The Globe and Mail, citing no existing conditions for continuing the talks.
Source: Global Times | 2020/9/19 17:00:37

China's first entity list may target foreign entities blocking Chinese firms' supplies: experts

China on Saturday issued provisions for its highly anticipated Unreliable Entity List, further laying the legal and regulatory groundwork for future countermeasures against foreign entities and individuals that harm Chinese interests, as the US government continues to step up its aggressive crackdown campaign against hundreds of Chinese businesses.
Source: Global Times | 2020/9/19 14:41:23

Noise cannot hamper sound trade relations between China and EU: experts

China has become the EU's largest trade partner for the first time, latest data show, highlighting China and the EU, as time-weathered strategic partners, are sharing their close economic ties intertwined with each other's industrial chain.
Source: Global Times | 2020/9/18 15:38:44

Need for esport commentators growing: insiders

Esport commentators are becoming sought-after in China with the mushrooming of the domestic gaming industry. People engaged in this job are usually better paid than their peers in many other fields, with the top ones able to earn as much as 10 million yuan ($1.48 million) per year, industry insiders told the Global Times.
Source: Global Times | 2020/9/18 0:52:29

Alibaba unveils cloud computer, self-driving robot at 2020 Apsara Conference

Alibaba unveiled new items at its 2020 Apsara Conference including a self-driving robot for terminal logistics and a cloud computer, as the e-commerce giant wants to upgrade its cloud business to make cloud technology accessible to everyone.
Source: Global Times | 2020/9/17 21:41:42

Netizens say Sweden's H&M should leave China after phasing out supply chain

Sweden-based clothing giant H&M is reportedly phasing out its relationship with Chinese yarn producer Huafu Fashion after US customs on Monday said it would bar a raft of Chinese products including cotton, garments and hair products from Northwest China's Xinjiang Uygur Autonomous Region.
Source: Global Times | 2020/9/17 21:18:40

Chinese ODI in BRI markets surges in first eight months

China's total non-financial overseas direct investment (ODI) during the January-August period declined 2.6 percent year-on-year to 480.45 billion yuan ($68.48 billion), China's Ministry of Commerce (MOFCOM) said on Thursday, the same day a report showed that two-way capital flows between the US and China plunged to nine-year low in the first half.
Source: Global Times | 2020/9/17 20:23:40