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High-tech companies dominate ranks of China's top private firms

Chinese private companies in the fields of high and new technologies are ranking higher on the Top 500 Corporations list, which was released on Thursday by the All-China Federation of Industry and Commerce.
Source: Global Times | 2020/9/10 20:28:40

China's Huawei unveils updated HarmonyOS, to be used in mobile phones in 2021

Less than a week before the US latest chipset ban on Huawei takes effect, the Chinese high tech company unveiled its latest version of its self-developed HarmonyOS operating system, which is widely seen as an alternative for Google's Android, and a hedge against further US moves against the Chinese tech giant.
Source: Global Times | 2020/9/10 15:25:25

Chinese shares stabilize on Thursday morning after slide

After a hard tumbling on Wednesday, the mainland stock markets stabilized on Thursday morning with all three major boards edging up, though not by a large margin.
Source: Global Times | 2020/9/10 11:53:40

China and EU need to act firmly on multilateralism: envoy

China and the European Union (EU) need to act firmly on multilateralism, strengthen macroeconomic policy coordination, safeguard the security and stability of global industrial and supply chains, and push for a speedy economic recovery globally, said the Chinese ambassador to the EU.
Source: Global Times | 2020/9/10 10:49:32

Huawei to reveal updated HarmonyOS operating system to counter increasing US restrictions

Less than a week before the US chipset ban on Huawei takes effect, the Chinese high tech company is set to unveil the latest version of its self-developed HarmonyOS operating system, which is widely seen as an alternative for Google's Android, and a hedge against further US moves against the Chinese tech giant.
Source: Global Times | 2020/9/10 9:53:30

China to prioritize currency deal with ASEAN that could sidestep US dollar

China could give priority to expanding the scale of currency swaps with the Association of Southeast Asian Nations (ASEAN), Chinese State Councilor and Foreign Minister Wang Yi told his counterparts from the bloc on Wednesday, a move that could sidestep the US dollar and other foreign currencies in bilateral trade.
Source: Global Times | 2020/9/9 23:16:26

China international services trade fair closes

The China International Fair for Trade in Services (CIFTIS), the first major international economic and trade event held both online and offline by China since the COVID-19 outbreak, closed on Wednesday.
Source: Xinhua | 2020/9/9 22:35:28

China's new digital currency will challenge US dollar hegemony: analysts

China's new digital currency and its cross-border payment system is expected to break the monopoly of the US dollar payment system and establish a fairer, more efficient, and more advanced global cross-border payment system in the face of a possible US financial blockade, said Chinese experts.
Source: Global Times | 2020/9/9 22:07:33

Services fair aims to revive global trade, providing venue for prospective business partners to meet

China's first major in-person international trade event since the coronavirus outbreak, where 99 innovations were unveiled and 240 agreements were signed, showed the na-tion's resolve to expand opening-up and push for economic globalization, an official with the Ministry of Commerce (MOFCOM) said on Wednesday.
Source: Global Times | 2020/9/9 19:33:40

Trump's urge for US companies to move away from China hits wall: survey

US President Donald Trump has more than once called for an economic decoupling from China, and has made it a campaign pledge for his presidential reelection bid, but the vast majority of US businesses operating in China say they have no plans to leave the Chinese market at all, a latest survey showed on Wednesday.
Source: Global Times | 2020/9/9 18:03:40

Chinese stock market plunges following US rout

Chinese stock market plummeted in morning trading on Wednesday, following a US stock rout overnight.
Source: Global Times | 2020/9/9 11:53:40

Beijing achieves full coverage of 5G independent networking

Beijing has become the second city in China, after Shenzhen in South China's Guangdong Province, to achieve full coverage of 5G independent networking, according to a statement released by the Ministry of Industry and Information Technology on Wednesday.
Source: Global Times | 2020/9/9 11:33:40

China's inflation drops to 2.4% in August as supply increases

China's consumer price index (CPI), the key indicator of inflation, stabilized to a 2.4 percent increase in August, down from the 2.7 percent gain in July, according to the National Bureau of Statistics (NBS) on Wednesday.
Source: Global Times | 2020/9/9 11:04:49

China's CPI in August rises 2.4% year-on-year

China's CPI rose 2.4 percent in August year-on-year, compared to 2.7 percent in July, according to the National Bureau of Statistics (NBS).
Source: Global Times | 2020/9/9 9:43:35

Speedy work made on new catalogue encouraging foreign investment: vice minister

China's Ministry of Commerce (MOFCOM) is set to roll out the latest revised catalogue of industries that encourage foreign investment, Vice Minister of Commerce Wang Shouwen said at the China International Fair for Investment & Trade on Tuesday.
Source: Global Times | 2020/9/9 1:01:24

Strengthening of China-Russia technological cooperation is crucial: envoy

China and Russia are accelerating joint research and development of technologies in the new-energy sector as part of a wider collaboration framework in the China-Russia Year of Scientific and Technological Innovation.
Source: Global Times | 2020/9/8 21:18:40

China suspends imports from 56 food firms on virus concerns

As of Monday, China had suspended imports from 56 cold-chain food companies of 19 countries and regions where workers have been infected with COVID-19.
Source: Global Times | 2020/9/8 21:03:40

Beyond Meat brings production facilities to Zhejiang Province

Beyond Meat, one of the US' largest producers of meat substitutes, announced on Tuesday that it will set up production facilities for plant-based meat in China, a move that analysts said reflects the difficulty of business decoupling between China and the US, even though relations between the world's two largest economies are souring.
Source: Global Times | 2020/9/8 20:58:40