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World Bank: China's GDP to rise to 7.9% in 2021

World Bank: China's GDP to rise to 7.9% in 2021
Source: Global Times | 2020/12/23 10:09:07

China's handover of Sukkur-Multan Motorway to Pakistan epitomizes progress of building CPEC despite pandemic: FM

The smooth handover of Sukkur-Multan Motorway, the largest transportation infrastructure project under the China-Pakistan Economic Corridor (CPEC) – epitomizes progress in building the CPEC by overcoming negative impacts of the global pandemic, Chinese Foreign Ministry spokesperson Wang Wenbin said at a regular press briefing on Tuesday.
Source: Global Times | 2020/12/23 0:06:48

'Yiwu index' points to bleak Xmas, dark hours in West

Almost a year ago when COVID-19 cases emerged in Wuhan, capital of Central China's Hubei Province, Western media were fixated on criticizing and slandering China's unprecedented response to the epidemic, as one of the most important holiday season in the country - the Chinese New Year - was disrupted. Some even linked the epidemic to China's system and culture, sparking at times a racist attitude toward not just Chinese but Asian people.
Source: Global Times | 2020/12/22 22:43:39

China vows 'necessary measures' in response to US' release of its 'military end user' list

China vows 'necessary measures' in response to US' release of its 'military end user' list
Source: Global Times | 2020/12/22 21:13:22

Closer manufacturing ties between China, Germany in the making

China and Germany should pivot toward manufacturing and create new types of international organizations and industrial partnership platforms in the spheres of intelligent manufacturing and industrial internet, said a report on Tuesday that envisions closer ties between the two global manufacturing powers.
Source: Global Times | 2020/12/22 18:47:08

FM refutes report on EU-China CAI; steady bilateral relations benefit world

The Chinese Foreign Ministry on Tuesday refuted Western media reports claiming that China is in a rush to reach EU-China Comprehensive Agreement on Investment (CAI) by the end of 2020 in a bid to strengthen China-EU relations ahead of Joe Biden's inauguration, stressing that China's stance towards China-EU relations has been clear and constant.
Source: Global Times | 2020/12/22 17:50:57

Polish dairy exports to China growing 70% in 2020: Embassy

As the fifth largest dairy producer in Europe, Poland's dairy products are popular among Chinese consumers. According to statistics provided by the Polish Ministry of Finance, Polish dairy products exported to China in 2020 rose 70 percent year-on-year.
Source: Global Times | 2020/12/22 15:48:40

China's successful handling of COVID-19, adequate industrial chains guarantee world supply amid pandemic

“These car models will be exported to the US, and products on that production line is exporting to Europe,” John Ng, a factory manager of Maisto, a car model manufacture in Dongguan, South China's Guangdong Province, told the Global Times from the company's factory.
Source: Global Times | 2020/12/22 15:13:39

Dalian commodity exchange allows overseas traders to do palm oil futures

The Dalian Commodity Exchange introduced overseas traders on palm oil futures trading on Tuesday, marking a major step in enhancing the exchange's status and helping strengthen risk management.
Source: Global Times | 2020/12/22 14:13:39

China attaches great importance to regional power shortages amid rising demand, new-energy ambition

China has run into a regional power shortage with multiple localities having curbed electricity use and imposed rationing in recent days, drawing a wide array of discussions on Chinese social media platforms, as the country scales up its green energy ladder to expand the share of renewables in its energy mix to meet its ambitious climate goal to reach carbon neutrality by 2060.
Source: Global Times | 2020/12/21 23:21:42

Regulatory brake on fintech deposit products to weigh on smaller banks

Chinese regulator's move to halt deposit products on major fintech platforms will weigh heavily on small banks, especially private ones, which rely on the third-party platforms to attract deposits.
Source: Global Times | 2020/12/21 20:10:27

Huawei launches new Smart Screen powered with updated version of HarmonyOS

Huawei launched a new variety of S-series Smart Screen, and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, representing another major step towards building a complete ecosystem based on its own operating system.
Source: Global Times | 2020/12/21 18:48:39

China opposes US discriminatory provisions against Chinese companies

China firmly opposes US' intention to sign the Holding Foreign Companies Accountable Act into law, which will contain clauses that clearly work against Chinese companies, in spite of the active efforts of the Chinese regulatory authorities and the US to carry out auditing and supervision cooperation, Chinese Foreign Ministry spokesman Wang Wenbin said on Monday.
Source: Global Times | 2020/12/21 17:28:39

China opposes politicizing and stigmatizing cyber security issues: Foreign Ministry

China opposes politicizing and stigmatizing cyber-security issues, and the country has resolutely cracked down on any activities of cyber hacking and cyber-related crimes, Chinese Foreign Ministry spokesperson Wang Wenbin said on Monday, a response after US President Donald Trump claimed on his Twitter account that China “may be” responsible for the large-scale cyber attacks on the US government.
Source: Global Times | 2020/12/21 17:13:39

China builds first mRNA vaccine production base in Yunnan Province

China's first mRNA COVID-19 vaccine production plant will be built in Yuxi, southwestern China's Yunnan province, which is expected to produce 120 million doses of the vaccine per year when the plant is completed.
Source: Global Times | 2020/12/21 17:08:40

Guangzhou city sees brief black-out Monday; outage caused by electric wire fault

Guangzhou, capital of South China's Guangdong Province, reported a brief black-out Monday morning, gaining broad online attention against the backdrop of a few southern provinces cutting their power supply to save energy. But the Guangzhou outrage was caused by an electricity wire fault and electricity supply was restored quickly.
Source: Global Times | 2020/12/21 16:01:31

Strained bargaining power triggers sharp fluctuations in iron ore prices: DCE

The Dalian Commodity Exchange (DCE) attributed the recent sharp fluctuations in iron ore prices to fundamentals of supply and demand, noting that diffuse group of buyers with weak bargaining power haven't formed a joint force, according to a release on Sunday night.
Source: Global Times | 2020/12/21 11:49:22

China-built World Cup stadium printed on Qatar currency

Lusail Stadium, the main stadium for the 2022 World Cup, is featured on the new 10-riyal banknote of Qatar, which was released on Friday. This is the first time that a China-built infrastructure project is chosen to appear as a main symbol on the official currency of Qatar.
Source: Global Times | 2020/12/21 1:05:13