SOURCE >> Economy

China's investment sharply down in Australia amid rising bilateral tensions

Australia successfully shut its door to Chinese investment, which has fallen to a fraction of its peak two years ago, Chinese analysts said on Monday in response to a study released on Sunday.
Source: Global Times | 2020/9/14 21:03:40

Recovery of domestic demand likely accelerated in August

With improving economic activity, China's recovery of manufacturing and domestic demand accelerated in August, and retail sales probably grew year-on-year for the first time since the coronavirus outbreak, analysts say.
Source: Global Times | 2020/9/14 19:08:40

China, Hungary overcome difficulties to pursue common development under BRI

The year 2020 is an unusual year. The spread of the COVID-19 pandemic has endangered the health and safety of the people around the world, dealing a blow to the global public health system and creating hurdles to the regular interaction and cooperation between nations.
Source: Global Times | 2020/9/14 17:58:03

China supports firms to protect themselves, after TikTok reportedly turns away bids

The Chinese Foreign Ministry said on Monday that it supports Chinese businesses to protect own rights and interests, after some media reports said that TikTok's US operations will not be sold to US tech giants Microsoft or Oracle.
Source: Global Times | 2020/9/14 17:12:31

Issue, circulation of digital yuan under the same legal guideline as cash

China's digital yuan is a statutory currency and its issue and circulation needs to be regulated in accordance with relevant rules designed for the cash, said deputy head of the country's central bank.
Source: Global Times | 2020/9/14 17:08:40

Shanghai firm debuts 1,000-km range unmanned aerial vehicle

A Shanghai company has unveiled an intelligent unmanned aerial vehicle (UAV) that has a maximum takeoff weight of 400 kilograms and can fly a full range of 1,000 kilometers.
Source: Global Times | 2020/9/14 12:53:40

First US charter flight to Beijing since epidemic arrives with 87 passengers on board

The first charter flight from the US to China since the COVID-19 pandemic has arrived in Beijing, the American Chamber of Commerce in China announced on Sunday on its Twitter account.
Source: Global Times | 2020/9/14 0:24:21

'Made in Wuhan' goes into full swing post pandemic

Wearing a mask, eating separately, checking your temperature, frequently using disinfectant and notices which read "epidemic-control is our responsibility" being posted here and there in the Lenovo's factory in Wuhan which employs more than 10,000 workers. Life in the capital city of Central China's Hubei Province, the hardest-hit city during the early COVID-19 outbreak in the country, is no longer the same.
Source: Global Times | 2020/9/12 21:20:15

Chinese central bank issues new rules on financial holding firm to prevent risks

The People's Bank of China (PBC), the country's central bank, issued new rules on the supervision of financial holding companies on Sunday, in a bid to effectively prevent financial risks and better serve the real economy.
Source: Global Times | 2020/9/13 21:56:51

Outbound investment needs better protection

Facing global protectionism, which is resulting in a tougher investment environment in many countries and regions, China should use multiple tools and mechanism, including those of the government, multilateral organizations and civilian power, to safeguard Chinese investors' overseas assets, according to a report released by a Chinese financial thinktank on Saturday.
Source: Global Times | 2020/9/13 19:28:40

HK still world's freest economy; global financial center stands firm

Business leaders and experts in Hong Kong and the Chinese mainland have applauded the Fraser Institute's designation of Hong Kong as the world's freest economy, while stressing that the national security law for Hong Kong will only guarantee the city's free trade and investment, and cement its position as a global financial center rather than weaken it.
Source: Global Times | 2020/9/13 19:18:40

Chinese students give up preference for US colleges

As the Trump administration continues to destroy China-US relations and foster a xenophobic environment in the US, Chinese students, the largest group of international students in the country, are giving up their preference for American universities.
Source: Global Times | 2020/9/13 18:58:40

Free trade port policies attract global businesses to Hainan Province

Thanks to the master plan for the Hainan free trade port issued by the central government on June 1, South China's Hainan Province is attracting the attention of businesses around the world with a growing number of foreign companies flocking to register there.
Source: Global Times | 2020/9/13 17:04:48

China steps up efforts to protect intellectual property, trade secrets

China's top court and procuratorate on Sunday moved to lower the threshold for punishable offenses of laws regarding related to intellectual property rights (IPRs) and trade secrets on Sunday, in the latest move to bolster protection of IPRs and create a better business climate.
Source: Global Times | 2020/9/13 15:38:40

China's farm produce trade deficit expands in Jan-July

China's agricultural products trade reported a deficit of 54.29 billion U.S. dollars in the first seven months of 2020, up 30.9 percent year on year, official statistics showed.
Source: Xinhua | 2020/9/12 23:27:54

Top anti-corruption regulator beefs up scrutiny of Shenzhen Exchange management amid plunge in ChiNext board

China's top anti-corruption body, the CPC Central Commission for Discipline Inspection (CCDI), has sent an on-site supervision team to the Shenzhen Stock Exchange to safeguard registration-based reforms at the tech-heavy start-up ChiNext board, the CCDI said on Friday.
Source: Global Times | 2020/9/11 15:43:40

China, EU hold first high-level dialogue on digital cooperation

Senior Chinese and EU officials held their first high-level dialogue on digital cooperation and had what both sides described as "constructive" discussions on cooperation in digital technology, information and communication technology standards, artificial intelligence (AI) and other topics.
Source: Global Times | 2020/9/10 23:21:04

EU Chamber pushes for investment deal

The top European business group in China on Thursday called on China and EU to complete a bilateral investment treaty (BIT) by the end of the year. While the China-EU relationship faces a growing list of obstacles from differences over issues such as Hong Kong and Xinjiang to external risks such as US' rising unilateralism, the two sides need bilateral cooperation more than ever to confront challenges facing the global economy, Chinese experts noted.
Source: Global Times | 2020/9/10 20:43:41