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Chinese API makers accelerate exports after Indian lockdown

Chinese makers of active pharmaceutical ingredients (APIs) are accelerating exports, as the global API market is expected to see a 20 percent shortage after India, another major exporter, imposed a national lockdown to stem the coronavirus assault.
Source: Global Times | 2020/3/25 17:18:40

Chinese cities remove car purchase restrictions to shore up auto sales

China's auto sales are likely to post negative growth in the first half of the year despite measures local officials have rolled out to boost auto consumption, as the global coronavirus pandemic will slow China's economic recovery, which in turn could dent consumers' willingness to spend, industry insiders said.
Source: Global Times | 2020/3/25 16:58:44

China-Russia trade grows despite coronavirus pressure but braces for shrinking Russian demand

The trading volume between China and Russia has shown robust growth in the first two months of this year despite the coronavirus outbreak which is set to weigh on global trade. Industry insiders noted the growth could be hampered in the short term if Russia's demand continues to shrink, and China's major exports to Russia including industrial machinery could be hit.
Source: Global Times | 2020/3/25 12:48:24

China willing to help India combat coronavirus; information sharing, vaccine development cooperation possible

China and its medical experts have praised India's decisive measures to contain the spread of the coronavirus and the country's donations to other nations in need. China is willing to offer help and share its experience combating the virus.
Source: Global Times | 2020/3/25 12:00:11

China's stock market opened higher on Wednesday amid global rally

China's stock market opened higher on Wednesday as investors get boosted by a global overnight rally. The benchmark Shanghai Composite Index edged up 1.94 percent at opening, while the Nasdaq-style ChiNext hiked 2.56 percent.
Source: Global Times | 2020/3/25 11:08:15

What should be known about hantavirus case in China amid COVID-19 pandemic?

A hantavirus case reported in China amid the coronavirus pandemic has sparked interest online.
Source: Global Times | 2020/3/24 22:53:40

Pandemic casts shadow over Yiwu's business

Some entrepreneurs in China's manufacturing hub Yiwu, the world's largest trading center for daily consumer goods in East China's Zhejiang Province, are facing their darkest moment in years, as the global spread of coronavirus is hitting their export orders. The impact could be harsher than previous crises like the China-US trade war.
Source: Global Times | 2020/3/24 21:57:24

Hubei steel sector starts to resume amid easing epidemic, demand set to recover

The steel industry and major construction projects in Central China's Hubei Province have been resuming activity as the province has seen an easing epidemic situation. Experts said it would be a confidence boost for the industrial recovery and forecast that demand for iron and steel will see a recovery.
Source: Global Times | 2020/3/24 21:48:41

PBC closer to digital currency as global interest rates drop

China's central bank is one step closer to issuing its official digital currency. It seems the People's Bank of China (PBC), in collaboration with private companies, has completed development of the sovereign digital currency's basic functions and is now drafting relevant laws to pave the way for its circulation, industry insiders said.
Source: Global Times | 2020/3/24 21:43:40

China's soybean inventory adequate despite pandemic

Uncertainty caused by the novel coronavirus in the US and elsewhere in the world is clouding soybean planting, and the implementation of the first phase trade deal between China and the US.
Source: Global Times | 2020/3/24 21:48:40

US Fed's all-in loosening may brew greater risks

An unprecedented quantitative easing package rolled out by the US Federal Reserve to save a slumping economy may ameliorate fears in the global markets for the moment, economists said, but the US central bank's historical show of force could set the stage for even greater risks.
Source: Global Times | 2020/3/24 21:38:40

China continues to back up 5G research and development

China will continue to support the research and development (R&D) of 5G-related technologies and standards, including 5G core chips, according to the latest notice released by the Ministry of Industry and Information Technology (MIIT) on Tuesday.
Source: Global Times | 2020/3/24 18:33:40

Foxconn's dwindling iPhone orders cause plants to reduce recruits

Some of Foxconn's factories in China that make iPhones are cutting recruitments by up to 60 percent due to dwindling overseas phone orders as the coronavirus (COVID-19) rages globally, the Global Times learned.
Source: Global Times | 2020/3/24 18:28:40

China's central bank moves closer to issuing digital currency: insiders

China's central bank is one step closer to issuing its official digital currency. It seems the People's Bank of China (PBC), in collaboration with private companies, has completed development of the sovereign digital currency's basic function and is now drafting relevant laws to pave the way for its circulation, industry insiders said.
Source: Global Times | 2020/3/24 14:44:18

Coronavirus test kits developed by Chinese firm approved for use in US

COVID-19 test kits developed by China's BGI Genomics are now commercially available in the US clinical market, the company said. Industry analysts say the move could improve testing ability in the US as suspected cases in the country have been rising rapidly.
Source: Global Times | 2020/3/24 14:18:40

Wuhan's Silicon Valley on path of resumption

Enterprises in the high-tech zone of Wuhan, capital of Central China's Hubei Province, where the coronavirus outbreak first occurred in the country, are racing to apply for the approval of business resumption after two months' lockdown, although lack of labor still weighs on the recovery.
Source: Global Times | 2020/3/23 23:23:40

Yuan to remain under control: analysts

The Chinese currency has lately come under downward pressure as a dollar funding squeeze is siphoning liquidity away from global markets, market observers said, adding that the yuan won't get out of control as the economy will stabilize ahead of its global peers due to the nation's effective virus containment.
Source: Global Times | 2020/3/23 21:39:43

Is it about time to pounce upon the global stock massacre?

A coronavirus-induced panic among global investors is still showing no signs of fundamental easing, with a recovery staged by stock markets in some trading days proven only a respite from a downward spiral that has erased a staggering amount from global equity valuations.
Source: Global Times | 2020/3/23 21:11:57