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Excavator index shows China's V-shaped recovery

Three minutes; 11.7 billion yuan ($1.78 billion). It doesn't seem fair, but that's Chinese speed. And it's what happened in an excavator show in China.
Source: Global Times | 2020/11/27 19:07:04

China will carry out cooperation with Venezuela even if the situation changes: FM

China will carry out cooperation with Venezuela even if the situation changes, and such cooperation is based on mutual benefit, equal footing and commercial principles, and is in line with relevant laws, China's Foreign Ministry spokesperson Zhao Lijian said at a regular press briefing in Beijing on Friday.
Source: Global Times | 2020/11/27 17:43:40

Profits of China's major industrial firms up 28.2% y-o-y in Oct

Profits from designated industrial companies in China increased 28.2 percent year-on-year in October, up 18.1 percentage points compared to the previous month. Total profits in the first 10 months of the year inversed the previous downward trend and realized growth at 0.7 percent, official data showed.
Source: Global Times | 2020/11/27 12:53:40

China to impose provisional anti-dumping measures on Australian wine: MOFCOM

China on Friday announced its plan to impose provisional anti-dumping measures, in the form of deposits, on wine imported from Australia. The deposit will range from 107.1 to 212.1 percent, starting Saturday.
Source: Global Times | 2020/11/27 11:54:51

Industry insiders optimistic about China, South Korea economic ties

Given the increasing complementarities of the Chinese and South Korean economies and the rebound potential of the Chinese market, the investment by South Korean enterprises in China in the post-COVID-19 period will increase and may even exceed the previous level, an industry representative said.
Source: Global Times | 2020/11/27 0:21:23

Swedish firms seek more opportunities, engagement in China

Sweden and China have a long experience of close cooperation and friendship, sharing part of each other's history through, among other things, trade for over 400 years, and they have everything to gain from building on this tradition, the Swedish Chamber of Commerce in China said in a statement to the Global Times.
Source: Global Times | 2020/11/26 19:43:41

China, South Korea to push forward 2nd phase FTA talks

China's State Councilor and Foreign Minister Wang Yi on Thursday called on China and South Korea to push forward linking of the Belt and Road Initiative (BRI) with South Korea's development strategies, and also to reach an agreement on the second phase of China-South Korea Free Trade Agreement (FTA).
Source: Global Times | 2020/11/26 16:37:20

China's central bank to conduct strict supervision on cash rejection

In response to a trend towards discriminating and exclusion of using cash, China will carry out centralized rectification of the rejection of cash and the formation of sustainable mechanisms, said Li Wei, director of Technology Department of People's Bank of China (PBC) on Thursday.
Source: Global Times | 2020/11/26 15:47:32

China to focus on more efficient, better quality consumption

China will promote consumption across both cities and rural areas with several measures to be released over the next 12 months aimed at accelerating the country's consumption efficiency and boosting the economy, officials said at a conference on Thursday.
Source: Global Times | 2020/11/26 13:52:39

China's October US soybean imports up 200%, could continuously increase as goodwill gesture to incoming new administration: analyst

China soybean imports from the US have surged almost 200 percent year-on-year in October, as the phase-one trade deal moves forward.
Source: Global Times | 2020/11/26 13:07:52

ByteDance's future in the US at a critical stage with new seven-day extension of TikTok sale order

The US has reportedly granted ByteDance – the parent company of TikTok – a new seven-day extension of an order that directs the Chinese tech firm to divest its short video-sharing app.
Source: Global Times | 2020/11/26 11:02:50

Chinese mainland remains backbone for HK exports amid COVID-19

The growth of Hong Kong's exports to the Chinese mainland has played an important role in boosting its foreign trade situation amid the COVID-19 pandemic.
Source: Global Times | 2020/11/26 0:24:18

India provoking trade friction with China with new app ban: expert

China has urged India to reconsider its ban on Chinese apps amid a new round of cyber sanctions against China.
Source: Global Times | 2020/11/26 0:19:46

China, Germany urged to dial up partnership

Germany and China could accelerate their mutual opening-up process to maintain the sound momentum in bilateral trade and investment relations, Chinese analysts said on Wednesday, as the vital talks for a China-EU bilateral investment treaty (BIT) enter the final phase.
Source: Global Times | 2020/11/25 20:45:50

China, Japan to launch 'fast track' to facilitate cross-border visits

Hopes are rising for Japan to become an early adopter of the China-proposed digital health-code mutual recognition mechanism, after a "fast track" for necessary personnel flows between the two countries was announced on Wednesday, which is to be officially up and running at the end of this month.
Source: Global Times | 2020/11/25 19:33:40

The world's capital of eye decoration unfazed by pandemic impact

Although the pandemic has not affected online orders of false eyelashes, whether domestic or overseas, the breakdown of cross-border transportation links and even the lockdown, sometimes of a whole country, have had some impact on the industry chain of false eyelash, a product used predominantly in Western countries for parties and other occasions. The most obvious change is that the easier production steps need to be transferred from overseas back to the home factory.
Source: Global Times | 2020/11/25 17:57:43

CAS president lists technology 'bottlenecks' faced by country

China should enhance research and development of strategic sciences and technologies to support their independence and sustainability, said Bai Chunli, president of the Chinese Academy of Sciences (CAS), on the 17th caijing annual forum held on Monday.
Source: Global Times | 2020/11/25 17:17:02

India urged to reconsider its discriminatory move by banning Chinese apps

According to Zhao Lijian, spokesperson of China's Foreign Ministry on Wednesday, India has taken prohibitive measures against Chinese apps on four occasions since June this year. The actions have severely damaged the legitimate rights of Chinese enterprises.
Source: Global Times | 2020/11/25 16:59:41