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China's stock market dips as expert predicts a 20-30% trade drop in Jan and Feb

China's stock market closed down around 1 percent on Friday, as a trade expert predicted the country's trade will likely drop 20 to 30 percent in the first two months of 2020 due to the coronavirus outbreak around the world.
Source: Global Times | 2020/3/6 20:37:23

China's industrial chain irreplaceable despite COVID-19: MOFCOM

China is home to the world's largest and most thorough manufacturing system, and is irreplaceable within the global industrial chain, an official from the Ministry of Commerce (MOFCOM) said at a press conference on Thursday.
Source: | 2020/3/6 3:53:11

China's investment spree soothes virus worries, but caution urged over side effects: analysts

Local governments in China are stepping harder on the pedal to push through a series of infrastructure investment projects worth as much as nearly $5 trillion so far, offering a boost to shares of construction companies and a potential relief to the economy, which is under severe pressure from the coronavirus epidemic.
Source: Global Times | 2020/3/5 1:29:38

COVID-19 hits Chinese retail hard, but some do better than others

Chinese retailers have seen differing fortunes amid the impact of the COVID-19 epidemic, and the more adept ones have prevailed, a report by global analytics firm Nielsen found.
Source: Global Times | 2020/3/5 23:28:40

Quantum computing breakthrough

US manufacturing and technology group Honeywell said Tuesday it will bring to market "the world's most powerful quantum computer" aimed at tackling complex scientific and business challenges.
Source: Reuters | 2020/3/5 22:03:43

Stagnation risks on the rise: analysts

Commodity price hikes as high as 20-30 percent are looming large in China - from electronics and home appliances to daily necessities and major industrial materials - a distressful trend that Chinese experts say could inhibit domestic consumption, even though the coronavirus epidemic is receding.
Source: Global Times | 2020/3/5 21:43:40

CPEC to march forward as scheduled despite epidemic

Pakistan and China are iron brothers, all-weather strategic partners and the closest of neighbors. Our two countries enjoy a unique relationship unprecedented in the annals of world history. This fabled friendship was forged in the crucible of time and has gone beyond the traditional parameters of a bilateral relationship.
Source: Global Times | 2020/3/5 21:23:41

Coronavirus an opportunity for BRI healthcare cooperation

While countries around the world tackle novel coronavirus pneumonia (COVID-19), voices talking down the China-proposed Belt and Road Initiative (BRI) have unsurprisingly resurfaced.
Source: Global Times | 2020/3/5 21:18:41

SoftBank CEO hosts 'pre-IPO summit' in New York as he courts investors

SoftBank Group Corp Chief Executive Masayoshi Son held his first "pre-IPO summit" for the Japanese conglomerate's portfolio companies on Tuesday, introducing them to Wall Street investors who could be backing their stock market debuts.
Source: Reuters | 2020/3/5 21:53:42

Prosthetic innovation: 'It's like you have a hand again,' says study

Today's artificial limbs can look very natural, and now an innovative process makes prosthetic hands move more naturally as well.
Source: Reuters | 2020/3/5 22:08:40

China's civil aviation plays important role in epidemic prevention

China's civil aviation industry has implemented comprehensive measures to ensure safe and smooth air transport amid the battle against the novel coronavirus outbreak.
Source: Xinhua | 2020/3/5 13:21:46

China safe haven amid global rate cut tide

Thanks to China's impressive efforts to contain the spread of the novel coronavirus (COVID-19) at home, the country's financial markets are expected to become a safe haven for global investors as more central banks across the world are cutting interest rates to shield their economies from the viral impact.
Source: Global Times | 2020/3/4 23:08:40

Migrant workers getting back on the job

A sign of recovery in China amid the abating COVID-19 epidemic could be seen in the more crowded roads and a rising number of deliverymen on the streets, but the country's efforts to achieve full work resumption still hang in the air.
Source: Global Times | 2020/3/4 20:32:23

Caixin services PMI plunges to record low of 26.5 in February

China's Caixin/Markit services Purchasing Managers' Index (PMI) in February plunged to 26.5 from 51.8 in January amid the coronavirus outbreak, the first time that the reading was below the 50 beak-even point that separates expansion from contraction since the survey started in 2005.
Source: Global Times | 2020/3/4 18:38:47

US under pressure to remove tariffs on China

US officials are under growing pressure from American companies to remove punitive tariffs imposed on Chinese products as part of an effort to cope with the potentially grave impact of the coronavirus on the US economy, and the epidemic could offer a turning point for the bilateral relationship, Chinese analysts said on Wednesday.
Source: Global Times | 2020/3/4 17:58:20

China's central bank likely to reduce interest rates by 25 basis points: expert

China's central bank is expected to lower the benchmark interest rates by 25 basis points in March, as the US Federal Reserve's 50-basis-point rate reduction on Tuesday provides more maneuvering room for China to make monetary policy changes and helping the country's coronavirus-hit businesses.
Source: Global Times | 2020/3/4 11:33:40

China's Caixin services PMI plunges to historic low of 26.5 in February

China's Caixin/Markit services Purchasing Managers' Index (PMI) in February plunged to 26.5 amid the coronavirus epidemic. It is the first time the reading has fallen below the 50-point margin that separates expansion from contraction since the survey started in November 2005. The index in January was recorded at 51.8.
Source: Global Times | 2020/3/4 11:13:40

Businesses in East China beef up actions against imported coronavirus cases

Businesses in East China's Zhejiang Province are taking strict measures to prevent the spread of the novel coronavirus by people returning from overseas, as the major manufacturing and export hub reported a spike in imported cases on Tuesday.
Source: | 2020/3/4 0:51:34