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China increases imports of US pork, soybeans and crude oil despite tensions

China has increased its imports of US pork, soybeans and crude oil, all of which are important items in the phase one trade deal signed in January. The rise reflects the smooth progress of the deal and expanding demand for these products in China, despite deteriorating bilateral relations, experts said.
Source: Global Times | 2020/9/23 19:53:40

Macao-related tourism searches rise up to 500% as Chinese mainland tourists are able to travel

Chinese mainland tourists were able to travel to Macao with proof of a negative COVID-19 nucleic acid test less than seven days old and a green health code with no quarantine required as of Wednesday, the Tourism Office of the Macao Special Administrative Region (SAR) said on its official Sina Weibo account.
Source: Global Times | 2020/9/23 19:43:40

Huawei says 'Clean 5G' should not be defined by a single administration or some politicians

Huawei has yet to see any adverse impact on its global 5G business from the US “Clean Network” initiative, and hopes that the industry would introduce “rational standards” for 5G rather than defined by a single administration or politician, a senior executive from Huawei told the Global Times on Wednesday.
Source: Global Times | 2020/9/23 17:13:56

China's role in global economy not weakened amid geopolitical tensions: investment banker

China's role in the global economy has not been weakened amid escalating geopolitical tensions, and companies worldwide saw growth opportunities in Asia led by China, Douglas Flint, chairman of global investment firm Standard Life Aberdeen, has said.
Source: Xinhua | 2020/9/23 11:55:39

China announces measures to boost soybean sector

China's agriculture authority on Tuesday unveiled plans to boost the nation's soybean planting sector, including the establishment of a seed production base in Northeast China's Heilongjiang Province.
Source: Global Times | 2020/9/22 21:52:15

Huawei founder visits top Chinese universities on talent quest

Ren Zhengfei, founder of the technology giant Huawei, visited China's prestigious Peking University, seeking to deepen Huawei's cooperation with top institutions in China for talent, and saying he is hopeful the company will see more original and groundbreaking innovations as a result, according to a recent statement from the university.
Source: Global Times | 2020/9/22 21:43:02

China won't allow US to rob TikTok: expert

While Chinese officials have noticeably maintained public silence over the proposed restructuring plan for TikTok, there is an increasingly unmistakable signal from Beijing that it will not allow the US to rob one of the country's most globally successful apps so openly and unscrupulously, Chinese experts said on Tuesday.
Source: Global Times | 2020/9/22 21:28:40

Freight rate of American routes rises with more orders from US

On Saturday morning, lines of container lorries were waiting to discharge cargo at the Shanghai International Port (Group) Co (SIPG), while there were also many empty trucks and ships ready to load goods. Transport vehicles were moving around frequently, and about three or four cargo ships of super-large sizes sailed in to unload cargo on that same day.
Source: Global Times | 2020/9/22 21:13:40

Wary response to India's 'softening' on banning Chinese products

Chinese netizens and experts expressed caution after India's minister of electronics and information technology said last week there are no proposals to ban all China-linked mobile apps or exclude Chinese companies from 5G contracts for wireless equipment. He made the comments during a question-and-answer session in the Indian parliament.
Source: Global Times | 2020/9/22 20:19:57

Update: Australia's a small market and has never been Huawei's particular focus: company executive

Huawei's strategic pullback in Australia, as revealed by local media on Tuesday, will put additional pressure on the US' close ally, whose economy has already taken a hit from its hostility toward China, industry observers said.
Source: Global Times | 2020/9/22 19:52:22

Qualcomm may be next to get permission to supply Huawei: analysts

Qualcomm may become the next company after Intel and Advanced Micro Devices Inc (AMD) to obtain a license from the US government to continue supplying some products to Huawei, considering the US semiconductor maker's huge investment in lobbying and the negative impact on its revenue, but any approval may come after the US presidential election in November, analysts said.
Source: Global Times | 2020/9/22 19:52:22

Huawei founder visits top Chinese universities for talent and innovation

Ren Zhengfei, founder of the technology giant Huawei, visited China's prestigious Peking University, seeking to deepen Huawei's cooperation with top institutions in China for talent, and saying he is hopeful the company will see more original and groundbreaking innovations as a result, according to the university's statement released recently.
Source: Global Times | 2020/9/22 17:38:40

Colombo Port City project represents China-Sri Lanka friendship under BRI: FM

China and Sri Lanka have long been friends and both sides are actively cooperating under the framework of the Belt and Road Initiative (BRI), a spokesperson from China's Foreign Ministry said on Tuesday.
Source: Global Times | 2020/9/22 17:05:34

Path ahead for US economy continues to be "highly uncertain": Fed chief

While the US economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
Source: Xinhua | 2020/9/22 10:10:38

Chinese economy makes relatively swift recovery: ECB article

The Chinese economy made a relatively swift recovery after bottoming out in the first quarter of the year due to the COVID-19 pandemic, according to an article published by the European Central Bank (ECB) on Monday.
Source: Xinhua | 2020/9/22 9:47:26

HSBC shares sink on scandal report

HSBC's shares plunged to their lowest level since 1995 in Hong Kong on Monday, as its reported involvement in a dirty money scandal utilizing the bank's accounts in Hong Kong dealt a fresh blow to its already sagging reputation.
Source: Global Times | 2020/9/21 22:22:52

Beijing may ease cross-border remittance rules amid financial opening-up

China's central bank and foreign exchange authority on Monday unveiled a draft proposal for public comment that includes a program to lower cross-border remittance rules for foreign institutional investors as it moves to further open up the financial sector – a move economists said will boost investors' confidence.
Source: Global Times | 2020/9/21 22:13:40

China sets up three new FTZs, showing efforts to further open up

China on Monday set up three new free trade zones (FTZs) in Beijing, Central China's Hunan Province and East China's Anhui Province, as well as expanding the FTZ in East China's Zhejiang Province. The move demonstrates an effort to further open up as the coronavirus pandemic continues and unilateralism rises globally.
Source: Global Times | 2020/9/21 12:15:24