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All aboard the fun train

A digital screen displays buzzwords from this year's two sessions in a Beijing public bus on Monday. The screen reads “resolutely prevent rebound of the pandemic and firmly protect people's health.” Photo: cnsphoto
Source: Global Times | 2020/5/25 22:23:40

Deputies brainstorm support for businesses

Deputies to the ongoing National People's Congress suggest the government work out more measures to help the country's struggling export sector, and assist hundreds of thousands of the small- and medium-sized businesses which have been seriously battered by the Covid-19 outbreak. Speaking Monday during the annual National People's Congress (NPC) session, Chinese Commerce Minister Zhong Shan said that stabilizing foreign trade and foreign investment is a matter of significance.
Source: Global Times | 2020/5/25 22:11:51

NPC deputies recommend blockchain technology acceleration

Deputies to the National People's Congress (NPC) put forward suggestion to promote the use of blockchain technology, from experimental use of the cryptocurrency in the Yangtze River Delta to upgrading the country's traditional manufacturing industry.
Source: Global Times | 2020/5/25 20:37:24

China prepares for return of US-listed companies

Chinese companies listed in the US have started seeking listings in Hong Kong and the Chinese mainland and will speed up doing so as China-US relations sour, while Chinese regulators are likely to roll out reforms to accelerate the trend, financial experts said.
Source: Global Times | 2020/5/25 19:58:01

China's 618 online shopping festival kicks off

China's largest mid-year shopping festival, known as 618, kicked off on Monday, with pre-sale volumes on Alibaba's Tmall e-commerce site skyrocketing 515 percent year-on-year within an hour.
Source: Global Times | 2020/5/25 18:58:40

China to 'firmly' retaliate against possible US sanctions over national security law: FM spokesperson

China said on Monday that it would take “all necessary measures” to firmly counter and retaliate against the US' threatened sanctions over a national security law for the Hong Kong Special Administrative Region (HKSAR), lambasting the US for blatant interference in China's internal affairs.
Source: Global Times | 2020/5/25 17:47:01

Australia's Victoria state BRI partnership with China is fair and legitimate: FM

China's cooperation with Australia's southeastern Victoria state under the Belt and Road Initiative (BRI) is the result of friendly consultations, and the partnership is fair and legitimate, Zhao Lijian, spokesperson of China's Foreign Ministry, said on Monday.
Source: Global Times | 2020/5/25 17:46:11

No need to politicize China-Russia cooperation on Ice Silk Road

The cooperation between China and Russia in the Arctic region seems to have alarmed some in Washington, reported the Nikkei Asian Review on Sunday. Some have expressed concerns over China's ambitions and Russia-aided expansion in the Arctic, but such fears are groundless.
Source: Global Times | 2020/5/25 15:26:01

No instant capital retreat from HK caused by national security legislation: economists

There has been no instant retreat of foreign capital from Hong Kong due to the upcoming national security legislation by China's National People's Congress (NPC) for the Hong Kong special administrative region. And, even if some foreign companies relocate their investment, others will flow in, said a leading economist at Swiss multinational investment bank UBS.
Source: Global Times | 2020/5/25 15:03:40

China's hog prices down 9.9 pct in mid May

The prices of live pigs in China continued to retreat as government policies to boost hog production took effect, official data showed Monday.
Source: Xinhua | 2020/5/25 11:16:14

India's FDI plan slashes Chinese investment confidence: insiders

India's new Foreign Portfolio Investors (FPIs) launch amid the novel coronavirus (COVID-19) pandemic reveals an unfriendly attitude toward foreign investors and slashes confidence in Chinese businesses for future investments, industry insiders said.
Source: Globaltimes.cn | 2020/5/25 4:45:10

Mainland support is Macao's biggest advantage for hub development: NPC deputy

The Macao Special Administrative Region has realized that diversified economic growth is critical for sustainable development amid the COVID-19 pandemic, and the finance industry could be the ideal focus. Given the facilitation advantages of the mainland, it could become a new financial hub, said a deputy to the National People's Congress (NPC).
Source: Globaltimes.cn | 2020/5/25 3:39:12

Intl companies expected to keep China supply chains: MexCham VP

Despite overseas concerns suggesting foreign companies transfer China supply chains due to disruptions caused by the novel coronavirus (COVID-19) outbreak, foreign business insiders provided reassurance that China remains attractive to international businesses.
Source: Globaltimes.cn | 2020/5/25 0:14:00

The place to be

A big screen displays information about the third session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in The Place shopping mall in Beijing on Sunday. The meetings are scheduled from May 21 to May 27. Photo: cnsphoto
Source: Global Times | 2020/5/24 21:43:40

Facing US tech war, China needs to turn to homegrown innovations

China should forgo the illusion of obtaining technology from the US, and turn to homegrown innovations, and Chinese companies should prepare for a “tech war” lasting a decade, Chinese experts said Sunday in response to the US' blacklisting 33 Chinese entities on Friday.
Source: Global Times | 2020/5/24 21:38:40

More plans to boost financial sector cooperation within Greater Bay Area

Financial cooperation across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) will deepen this year, as deputies of the 13th National People's Congress (NPC) suggested exploring a futures exchange and free cross-border capital flows within the area.
Source: Global Times | 2020/5/24 21:16:51

Aussie trade chamber calls for closer tie-up, exchanges with China

Although Canberra has been making political noises about China, an Australian businesses community leader in China said complementarity and strong people-to-people ties underpin a mutually beneficial economic relationship between the two countries, and both governments should focus on the areas of strong collaboration and common interests.
Source: Global Times | 2020/5/24 20:57:25

Nation adheres to multilateralism, globalization in 2020: top diplomat

Completing negotiations for closer economic partnerships and accelerating talks for free trade agreements are on China's trade schedule for 2020, making multilateralism and cooperation keys words of China's foreign policies, said Chinese Foreign Minister Wang Yi.
Source: Global Times | 2020/5/24 20:03:17