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China gains stronger global trade position amid COVID-19 crisis: leading US media

China has gained a stronger global trade position while the COVID-19 crisis continues to hamper the economies of the United States and Europe, said Fortune magazine on Wednesday.
Source: Xinhua | 2020/12/10 14:25:12

China's grain yield has remained above 650 billion kg for six consecutive years: National Bureau of Statistics

China's grain yield was equal to 1.339 trillion jin (669.5 billion kilograms) in 2020, 11.3 billion jin (565 million kilograms) more than previous year, a y-o-y increase of 0.9 percent according to the data from National Bureau of Statistics released on Thursday.
Source: Global Times | 2020/12/10 11:23:46

China's air traffic returning to normal, as global airlines remaining in holding pattern: report

The International Air Transport Association (IATA) announced that the recovery of passenger demand continued to be disappointingly slow in October, while passenger bookings of China's carriers continue to climb.
Source: Global Times | 2020/12/10 1:10:53

Sinopharm shares rally on report COVID-19 vaccine is 86% effective

With China at the forefront of global efforts to roll out COVID-19 vaccines, major Chinese vac-cine producers have lately turned in stellar performances in the stock market, with shares of lead-ing vaccine maker Sinopharm defying an overall decline to rise by the 10-percent daily limit on Wednesday.
Source: Global Times | 2020/12/9 21:21:30

EU should drop misconceptions in investment deal talks

This week, Chinese and EU officials are holding a fresh round of negotiations for a highly anticipated bilateral investment treaty (BIT) that would further boost investment and trade between the two major economies. While few details have emerged from the four-day talks, the focus is likely to be on remaining sticking points centered on China's market access, state-owned enterprises (SOEs) and sustainable development issues.
Source: Global Times | 2020/12/9 21:08:40

HK refutes Pompeo's claim over business environment

Hong Kong Chief Executive Carrie Lam refuted US State Secretary Mike Pompeo's criticism of a deterioration in the business climate in Hong Kong in recent years, especially after the implementation of the national security law for the special administrative region, saying "this is one of the best times to come."
Source: Global Times | 2020/12/9 20:47:49

Chinese official refutes Aussie claims of undermining FTA

Australia's claim that China undermines the free trade agreement between the two economies shows that the former is trying to politicize bilateral trade while imposing barriers to normal trade, Chinese experts said on Wednesday.
Source: Global Times | 2020/12/9 20:43:40

Twitter, Tumblr, Vimeo push back against EU rules on illegal online content

Twitter and three other U.S. tech companies have urged the EU to take a flexible approach towards harmful and illegal online content instead of blanket rules requiring takedown, saying this would preserve an open internet.
Source: Reuters | 2020/12/9 17:53:40

U.S. cybersecurity firm FireEye discloses breach, theft of hacking tools

FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that it had been hacked, likely by a government, and that an arsenal of hacking tools used to test the defenses of its clients had been stolen.
Source: Reuters | 2020/12/9 17:48:40

Australia accusing China of violating FTA is completely baseless: embassy

A spokesperson from China's embassy in Australia posted an announcement on the embassy's official website on Wednesday addressing accusations made by Australian officials claiming China's restriction of imports from Australia is baseless and arbitrary.
Source: Global Times | 2020/12/9 17:18:40

Blue Moon raises $1.27 billion in Hong Kong's rush of mega IPOs

Chinese detergent maker Blue Moon Group Holdings has become the latest in a record number of companies to raise at least $1 billion in a Hong Kong IPO in 2020 after pricing its shares at HK$13.16, according to three sources with direct knowledge of the matter.
Source: Reuters | 2020/12/9 16:43:41

Financial industry dealmaking set to heat up

Large acquisitions in the fragmented financial data industry are just a foretaste of the deal making to come, as vendors seek to expand their offerings and secure resources to invest in new technologies such as artificial intelligence, investment bankers and analysts say.
Source: Reuters | 2020/12/9 16:43:40

China to usher in a new digital renminbi era in 2021

China announced Saturday it will launch a second public test of its digital currency in the form of "red packets" - consumption coupons. Analysts say the new round of tests involve a wider range of consumer and application scenarios compared to the first public trial. The pilot scheme has already been successfully rolled-out across several provinces as China will usher in a new area of digital currency.
Source: Global Times | 2020/12/9 16:23:40

Aircraft engineer Ni Zejun named 'National Model Worker'

The National Commendation of Model Workers and Advanced Workers was held in Beijing on November 24. Senior aircraft engineer Ni Zejun from Aircraft Maintenance & Engineering Corporation (Ameco) was named "National Model Worker" at the ceremony.
Source: Global Times | 2020/12/9 13:33:40

China's November CPI down 0.5 percent, the first time the index has gone negative since 2010

China's consumer price index (CPI), the main gauge of inflation, was down 0.5 percent in November, compared with an October reading of 0.5-percent increase, according to data released by the National Bureau of Statistics (NBS) on Wednesday.
Source: Global Times | 2020/12/9 9:40:37

China to ensure sustainability of macro policies: Premier Li

China will ensure the continuity, stability, and sustainability of its macro policies and try to keep the economy running within a reasonable range, Chinese Premier Li Keqiang said on Tuesday.
Source: Xinhua | 2020/12/9 9:15:05

African ambassadors call for joint development under BRI and AfCFTA

Ambassadors, economists and entrepreneurs from Africa and China called for strengthened cooperation between China and Africa at an Ambassadors Roundtable in Beijing on Tuesday, discussing opportunities the two sides could seek under China's 14th Five-Year plan (2021-25) and joint development possibilities under the China-proposed Belt and Road Initiative (BRI) and Africa Continental Free Trade Zone (AfCFTA).
Source: Global Times | 2020/12/9 2:44:06

2020 China Brand Forum kicks off, showcasing industrial upgrading

The 2020 China Brand Forum, organized by People's Daily, was held in Beijing on Tuesday, with more than 300 representatives from ministries, enterprises and research institutes. Technology innovation by the enterprises has supported industry upgrading, green development, and poverty alleviation in China, according to representatives.
Source: Global Times | 2020/12/8 23:20:08