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China fulfills customs protocols for phase one trade deal

China has fulfilled its commitment under the phase one trade agreement with the US to carry out dozens of quarantine protocols that pave the way for expanding imports of US animal and plant products, a customs official said on Monday, in what experts call the latest signal of China's commitment to implement the deal beyond the upcoming US power transition.
Source: Global Times | 2020/11/30 20:39:49

SE Asia attracts Chinese VC attention as India loses allure

More Chinese venture capital (VC) firms and technology companies are shifting focus from the once-valuable Indian market, where uncertainty is rising, to emerging markets in Southeast Asia.
Source: Global Times | 2020/11/30 19:28:40

Revamped supply chains create value in Asia

In light of mounting claims that global manufacturers are shifting their supply chains away from China this year due to COVID-19, diversification, and China's growing labor costs, some foreign envoys and trade representatives point out that restructuring supply chains will in fact create value in the region and achieve win-win effects for China, South Asia and Southeast Asia (SEA) countries.
Source: Global Times | 2020/11/30 19:13:51

Proud achievements from UAE-China ties pave the way for an even brighter future

2020 has proven to be a uniquely tumultuous year, with the COVID-19 outbreak bringing unprecedented challenges for human health, economic performance, and global stability. Despite these ongoing barriers, the United Arab Emirates (UAE) has worked energetically to strengthen its economic and international footprint; celebrating its rich history and looking optimistically to the future.
Source: Global Times | 2020/11/30 18:37:03

It's narrow-minded to spin FM's visit to Japan, Korea as targeting US: spokesperson

Responding to a question about some media interpreting Chinese State Councilor and Foreign Minister Wang Yi's just-concluded visits to Japan and South Korea as a diplomatic move targeting the US, Chinese Foreign Ministry spokesperson Hua Chunying said on Monday that such an interpretation is narrow-minded.
Source: Global Times | 2020/11/30 18:28:32

China's cyber security industry to exceed 170 billion yuan in 2020

China's cyber security industry is expected to exceed 170 billion yuan ($25.8 billion) in 2020, doubling the value of the sector recorded for 2015 with the annual growth rate outpacing international average, said Zhao Zhiguo, director of Cyber Security Administration of the Ministry of Industry and Information Technology (MIIT) on Monday.
Source: Global Times | 2020/11/30 18:03:42

Riding wave of freight train services, Poland's border town expects closer ties with China

The Polish town of Terespol, lying on the border with Belarus, has long been one of the busiest gateways to the European Union (EU). Now riding the wave of fast-growing freight train services by China Railway Express (CRE), the town is looking for closer cooperation with China.
Source: Xinhua | 2020/11/30 14:26:06

China's non-manufacturing PMI rises in November

The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 56.4 in November, up from 56.2 in October, the National Bureau of Statistics said Monday.
Source: Xinhua | 2020/11/30 14:10:52

SMIC stresses no relationship with Chinese military following news of Trump mulling to add it to defense blacklist

Chinese semiconductor maker Semiconductor Manufacturing International Corporation (SMIC) has stressed that it has no relationship with the Chinese military and does not manufacture anythingfor military use, following news that the Trump administration is considering adding SMIC and other Chinese companies to a defense blacklist.
Source: Global Times | 2020/11/30 12:58:40

10 years into FTA, China and ASEAN build integrated market

China and the Association of Southeast Asian Nations (ASEAN) are deepening cooperation to build a highly open and integrated China-ASEAN market to further stabilize the regional industrial and supply chains.
Source: Xinhua | 2020/11/30 10:47:48

Lam's bank woes show risk of US dominance of global finance system

The revelation that the Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam, who was among 11 officials sanctioned in August by the US, can't use a bank account is a reminder that China's national sovereignty and security is at stake with US dominance in global financial transactions, industry watchers said.
Source: Global Times | 2020/11/29 22:26:44

GDP growth to exceed 8% in 2021 as post-pandemic recovery continues

Gradually emerging from the COVID-19 pandemic, China's economy has demonstrated its resilience and stability this year. With a further recovery expected, GDP growth will exceed 8 percent next year, according to macroeconomists and industry reports.
Source: Global Times | 2020/11/29 21:03:41

SCO meeting to focus on trade cooperation

While the Shanghai Cooperation Organization (SCO) is a platform for its eight members to coordinate security policies, the upcoming meeting of the Council of Heads of Government is likely to focus on cooperation in fighting the COVID-19 epidemic, as well as economic and trade recovery, Chinese analysts said on Sunday.
Source: Global Times | 2020/11/29 20:48:40

Regional cooperation key for revival

Tropical fruit from Southeast Asian countries was rarely seen in China a decade ago, but now durian from Thailand and mangosteen from Malaysia are regular products for Chinese consumers. Meanwhile, Chinese smartphone brands used to be strange names to users in ASEAN countries, but are now popular choices there.
Source: Global Times | 2020/11/29 17:23:40

China-made steel rails go on voyage for Jakarta-Bandung high speed railway

China's high-speed railway exports ushered in a new business in addition to technical standards and contracted construction – as steel rails export heading for Indonesia's Jakarta-Bandung high speed railway (HSR) was on sea voyage, making the nation as one of the few countries in the world that can export long steel rails.
Source: Global Times | 2020/11/29 12:43:40

Prices of most China's production goods rise in mid-Nov

Most major production goods monitored by the government posted higher prices in mid-November compared with the previous 10 days, official data showed.
Source: Xinhua | 2020/11/28 23:29:08

China urges the US to stop anti-subsidy investigations into the so-called "China's undervalued currency"

China urges the US to stop anti-subsidy investigations into the so-called "China's undervalued currency"
Source: Global Times | 2020/11/28 16:42:44

China to make financial services more accessible for elderly

China will roll out a raft of measures to make financial services more accessible for the elderly and help the group tackle the digital divide, according to the country's central bank.
Source: Xinhua | 2020/11/27 22:58:09