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Experts warn US against unfair moves to block WIPO candidate

Ahead of a closely watched election next week that might produce the first Chinese national to head the UN's World Intellectual Property Organization (WIPO), Chinese authorities and IP experts have warned the US over its "immoral" and unfair move to prevent China, which has over the years emerged as the global frontrunner for patents, from winning the election.
Source: Global Times | 2020/2/26 9:46:48

Dire fears for world economy

Global equity investors have effectively launched one of the clearest distressing signals so far for the world economy, as they staged one of the worst stock market routs this week that wiped more than $1.7 trillion off in market value on a single day, pointing to deepening fear of potentially grave impacts of the coronavirus epidemic on the global economy, as the deadly virus continues to spread through major economies in Asia and Europe.
Source: Global Times | 2020/2/25 20:53:40

Research into China's sovereign digital currency is delayed amid epidemic

China's research into its sovereign digital currency has been delayed from the first quarter due to the outbreak of the coronavirus, sources close to the matter told the Global Times.
Source: Global Times | 2020/2/25 18:28:40

China-South Korea-Japan FTA talks may accelerate as industry chain risks disruption

The next round of China-Japan-South Korea free trade agreement (FTA) talks is expected to be held in mid-2020 and the event is unlikely to be affected by the novel coronavirus outbreak, a trade expert said.
Source: Global Times | 2020/2/25 21:28:40

90% of Australian businesses operating in China take hit from COVID-19

The coronavirus outbreak in China has disrupted global supply chains and slammed the brakes on many industries ranging from retail and tourism to shipping, and Australia, which sends more than 30 percent of its exports to China, is not immune to its negative impact, said a senior Australian official.
Source: Global Times | 2020/2/25 17:03:40

Phone shipments to drop over 10% in 2020 if virus turns a pandemic

Global smartphone shipments are likely to fall 10 percent or more this year due to the fallout of the coronavirus outbreak on industrial supply chains and inhibited consumer demand, an industry analyst said on Tuesday.
Source: Global Times | 2020/2/25 19:28:18

Doubts mount over an oral vaccine against COVID19 developed by Tianjin University

Online debates are heating up on China's social media platforms after a Chinese college professor claimed on Tuesday that his team had developed an oral vaccine to protect against the novel coronavirus, or COVID19.
Source: Global Times | 2020/2/25 15:08:40

Tianjin University develops oral vaccine to protect against COVID19

Tianjin University has successfully developed an oral vaccine to protect against novel coronavirus pneumonia (COVID-19). Huang Jinhai, the professor who led the project, has himself taken four doses and has not experienced any side effects. The university is now looking for partners to promote clinical trials and broad usage.
Source: Global Times | 2020/2/25 10:48:40

China has pesticides, equipment ready to aid locust fight in Pakistan, India

China's proven locust-fighting methodologies – using special pesticides to high-tech drones - could help India and Pakistan fight the worst locust plague in dec-ades, Chinese analysts said on Tuesday.
Source: Global Times | 2020/2/25 18:23:40

US stocks close sharply lower amid rising risk aversion

US stocks plunged on Monday with all three major indexes plunging more than 3 percent amid rising risk aversion.
Source: Xinhua | 2020/2/25 7:30:28

Mideast experts confident in China's economic prospects despite coronavirus epidemic

As the impact of COVID-19 on China's economic growth is highly debated across the world, economists in the Middle East have voiced their confidence in the resilience and prospects of the Chinese economy.
Source: Xinhua | 2020/2/25 6:29:26

China's investment in medical care is insufficient: economist

The onslaught of the novel coronavirus has incurred trillions of yuan in losses for the Chinese economy, and China needs to spend 200-300 billion yuan to improve its public health system in the coming five years, said Huang Qifan, an influential economist and former mayor of Chongqing city.
Source: Global Times | 2020/2/24 20:13:41

Dow plunges by 950 points at open

US stocks have an awful opening on Mon with the Dow tumbling by 950 points shortly after opening amid bloodbath on global stock markets as COVID19 spike outside China are roiling global investors. China's tech-heavy ChiNext index rallied 1.68% Mon, the best performer globally.
Source: Global Times | 2020/2/24 22:52:08

Economic activity picks up significantly across China

Economic data for February, which is anticipated to see a harsh impact from the epidemic, and even the first-quarter growth, will take a hard hit, analysts said on Monday. But economic activity will further pick up pace this week and in March a full recovery may not be seen until the end of the first quarter, they noted.
Source: Global Times | 2020/2/25 1:03:40

China-S.Korea trade to shrink 15% this month as disease spreads

Bilateral trade between China and South Korea may witness a dive of 15 percent in February and 10 percent in January compared with last year, experts warned amid the increasingly grim situation of the novel coronavirus pneumonia, or COVID-19 outbreak in South Korea.
Source: Global Times | 2020/2/24 21:28:39

Spike in COVID-19 infections outside China casts shadow over supply chains

A spike in COVID-19 infections outside China, notably in South Korea and Japan, is sending shockwaves through semiconductor supply chains, darkening prospects for the Asian economy, an enabler of growth across the globe, market watchers said.
Source: Global Times | 2020/2/24 21:23:40

India ought to construct closer economic ties with China: analysts

Rather than pinning hopes on a trade pact with the US to open up the American market, India should consider a more practical move to shore up its slumping economy: forging closer economic ties with China where market demand is rising and actively pushing forward the Regional Comprehensive Economic Partnership (RCEP), observers said.
Source: Global Times | 2020/2/24 21:03:41

China lifts ban on US beef imports, in accordance with phase-one deal

China lifted a 19-year import ban on US beef, giving the US farmers much broader access to China's rising market, which is also in accordance with the agreed phase one trade deal signed in January.
Source: Global Times | 2020/2/24 19:23:42