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China to extend tariff exemptions on 6 types of US goods for another year starting Saturday

China to extend tariff exemptions on 6 types of US goods for another year starting Saturday
Source: Global Times | 2020/12/25 18:54:24

China set up 103 anti-monopoly probes in 2019: regulator

China set up 103 anti-monopoly probes in 2019, the top market regulator said in a report on Friday. 46 cases were concluded and 320 million yuan ($49 million) worth of fines were imposed.
Source: Global Times | 2020/12/25 17:58:39

China to build more entrepreneurship, innovation demonstration bases

China will launch the third batch of demonstration bases for mass entrepreneurship and innovation as part of an effort to propel reform, stabilize employment, and enhance growth impetus.
Source: Xinhua | 2020/12/25 15:00:36

Moutai shares stable after specifically mentioned in anti-monopoly notice

Shares of Kweichow Moutai Co., China's leading liquor maker, inched slightly up after opening low in morning trading on Friday, after the company was specifically mentioned by a regulatory notice from China's top market regulator over the pricing of its liquor during the upcoming holiday season.
Source: Global Times | 2020/12/25 13:53:39

Deutsche Bank becomes first foreign bank approved for domestic securities fund custody in Beijing

Deutsche Bank became the first foreign bank in Beijing approved for the custody of securities investment funds on Thursday. After completing relevant procedures, Deutsche Bank China can directly provide custody services to securities investment funds established in China, Beijing Youth Daily reported.
Source: Global Times | 2020/12/25 12:53:15

Three major Chinese airlines announce suspension of flights between China and UK

Three major Chinese airlines, Air China, China Eastern and China Southern, all announced the suspension of flights between China and the UK.
Source: Global Times | 2020/12/25 11:09:38

Talks with regulators mean healthier Ant as compliance good for long-term development

Talks with regulators will make Ant Group healthier and live longer, Chinese analysts said on Thursday, after financial regulators announced that they are summoning Ant for a second round of talks, less than two months after the first discussions caused the company to suspend its historic dual IPO.
Source: Global Times | 2020/12/24 23:34:58

China suspends import of logs from two Australian states to stem pest risk

China's General Administration of Customs (GAC) has suspended log imports from Australia's New South Wales and Western Australia, according to a notice issued by the GAC on Thursday.
Source: Global Times | 2020/12/24 22:35:17

Christmas season boosts China's market rebound

Although Christmas Eve had already arrived on Thursday, Chinese vendors on were busy with orders for the holiday season, using promotions to grab the last chance for big sales ahead of the Chinese New Year in February.
Source: Global Times | 2020/12/24 22:22:55

China aims for comprehensive, balanced and high-level BIT pact with EU

China and the European Union (EU) are pushing for the inking of the sweeping Comprehensive Agreement on Investment (CAI), despite a rising number of hurdles during the negotiation and the increasing pressure from third parties, such as the US, said Chinese observers. They noted that signing the deal will send a powerful signal that the two sides have chosen pragmatic cooperation over political differences, and inject much-needed energy into the world economy, which is facing difficulties brought about by the COVID-19 pandemic.
Source: Global Times | 2020/12/24 22:03:40

China will carry out bilateral investment agreement negotiations with EU at its own pace: MOFCOM

As more hurdles are reportedly emerging amid the ongoing negotiations on a China-EU bilateral investment treaty (BIT) and concerns arising whether the pact could be inked by the year end, China's Ministry of Commerce (MOFCOM) said late Thursday that China will carry out negotiations at its own pace while striving to reach a comprehensive, balanced and high-level BIT with EU.
Source: Global Times | 2020/12/24 21:54:38

China-EU negotiations on BIT proceeding smoothly now: Foreign Ministry

China's Foreign Ministry (FM) refuted some Western media reports claiming that Chinese demands on nuclear power investment are complicating EU-China BIT talks, dismissing those reports as “fake news”.
Source: Global Times | 2020/12/24 17:23:39

China suspends log imports from Australia's New South Wales, Western Australia due to detection of pest

China suspends log imports from Australia's New South Wales, Western Australia due to detection of pest
Source: Global Times | 2020/12/24 16:37:46

Recovery speed of Tibet's tourism industry topped China's provinces

Tibet's tourism industry has recovered 98 percent when compared with the same period in 2019. The recovery speed of Tibet's tourism industry is ahead of all parts of China, the China Daily reported on Thursday.
Source: Global Times | 2020/12/24 14:38:40

China's software, information industry reaps revenues of $1.12 trillion in first 11 months

China's software and information industry recorded revenues of 7.31 trillion yuan ($1.12 trillion) between January and November, a year-on-year increase of 12.5 percent, 0.8 percentage points higher than that from January to October, gaining stable momentum, according to a release by the Ministry of Industry and Information Technology (MIIT) on Thursday.
Source: Global Times | 2020/12/24 14:35:57

China's staple foods supply projected to be sufficient, global prices to keep volatile: Ministry

The supply of staple foods is sufficient and rich in variety for the upcoming New Year's Day and China's Spring Festival; the price of agricultural products will generally see a rising trend due to seasonal fluctuations and festival factors, but it is unlikely to rise sharply, China's agriculture ministry said on Thursday.
Source: Global Times | 2020/12/24 13:09:46

Big data indicates recovery in China's nighttime economy

Nighttime consumption in China has almost returned to last year's level, an index based on big data has shown.
Source: Xinhua | 2020/12/24 11:52:15

China's economic activity normalizes faster than expected: World Bank

Economic activity in China has normalized faster than expected, according to the latest report published by the World Bank.
Source: Xinhua | 2020/12/24 11:37:48