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China's PMI picks up in June amid steady recovery, but pressure remains

With the orderly progress of epidemic prevention and control and the resumption of production and work in China, the manufacturing industry has seen a steady recovery in June, with the manufacturing purchasing managers index (PMI) and non-manufacturing business activity index rising in June.
Source: Global Times | 2020/6/30 10:48:40

Hainan raises duty-free shopping quota, expands product category to stimulate consumption, tourism

Visitors to Hainan Province will see their offshore duty-free shopping quota on the resort island jump from 30,000 yuan ($4,239.38) to 100,000 yuan a year, and will also be allowed to purchase seven new categories of duty-free commodities including electronic products to further stimulate consumption amid the coronavirus pandemic.
Source: | 2020/6/30 0:59:20

End of Hong Kong's financial sector greatly exaggerated; HKEX welcomes 6 IPOs this week

The Stock Exchange of Hong Kong (HKEX) is set to welcome six IPOs this week, the most in a single week for the city in over four months, highlighting the persistent attractiveness of the financial hub among companies and investors, despite fearmongering headlines over the city's prospects in the lead up to the National Security Law.
Source: | 2020/6/29 23:51:14

Central bank launches new cross-border mainland-HK-Macao investment service

The People's Bank of China (PBC), the country's central bank, will conduct a trial of a cross-border investment service for residents of the Guangdong-Hong Kong-Macao Greater Bay Area to facilitate investment among the Chinese mainland, the Hong Kong Special Administrative Region (HKSAR) and the Macao Special Administrative Region.
Source: Global Times | 2020/6/29 20:13:43

Pompeo's sinister remarks on African debt aimed at disrupting China-Africa relations: FM

China's Foreign Ministry slammed US Secretary of State Mike Pompeo's comments that China creates unsustainable debt burden in Africa, saying the statement lacks basic facts and only aims to disrupt China-Africa relations with sinister intentions that are “destined to be in vain and will not succeed.”
Source: Global Times | 2020/6/29 20:04:51

India relies on Chinese power devices it boycotts: analyst

India is making something out of nothing by checking power equipment imported from China for malware and Trojan horses, another aspect of its drive to boycott Chinese products driven by rising nationalism, Chinese analysts said.
Source: Global Times | 2020/6/29 20:03:43

New Beijing outbreak deals blow to consumer confidence in China with seafood sales dropping 70%

The new COVID-19 outbreak in Beijing has dealt a heavy blow to the nation's seafood sector, pushing sales down 60-70 percent compared with pre-pandemic levels, and analysts said it's the worst time for the industry in decades.
Source: Global Times | 2020/6/29 19:58:44

Inbound M&A cases surpass outbound in China for first time in a decade: report

Newly announced foreign merger and acquisition (M&A) deals into China surpassed Chinese outbound deals in terms of both volume and value for the first time in a decade in the first five months of this year, according to research by Baker McKenzie and Rhodium Group.
Source: Global Times | 2020/6/29 19:18:43

China's June PMI likely to drop to 50.5 as factory operation stabilizes: economist

China's Purchasing Managers' Index (PMI) is likely to drop from 50.6 in May to 50.5 in June, meaning the country's economic growth may slow down a little bit as factory operation stabilizes , Chinese economists predicted on Monday, a day before the official figure is released.
Source: Global Times | 2020/6/29 18:19:58

BRI boosts China-Serbia cooperation in the fight against COVID-19

The Chinese and Serbian governments support each other and the two peoples interact with each other in a friendly way. The steel friendship between the two countries has been tempered by solidarity in the fight against the pandemic.
Source: Global Times | 2020/6/29 16:58:44

China's confidence in CPEC won't be shattered despite setbacks

Since the coronavirus outbreak in Pakistan, the frustrations experienced during the construction of the China-Pakistan Economic Corridor (CPEC) have received widespread attention.
Source: Global Times | 2020/6/29 16:53:45

US farm produce exporters eager to demonstrate high safety standards

US farm produce shippers are eager to demonstrate the high health and safety standards applied to their cargo headed for China amid the COVID-19 pandemic, a US agricultural trade association said on Monday, hoping for the recognition of US-certified exports by Chinese customs.
Source: Global Times | 2020/6/29 16:02:00

Inbound deals surpass outbound in China for first time in a decade: Baker McKenzie

Chinese buyers remained relatively inactive in the first five months of this year, with total outbound deal values and volumes surpassed by inbound deals for the first time in a decade, according to research by Baker McKenzie and Rhodium Group.
Source: Global Times | 2020/6/29 13:53:42

Chinese C919 aircraft begins high temperature test in Xinjiang

China's first civil aircraft with its own intellectual property rights, the C919, started its high temperature operating test on Sunday and landed at Turpan Jiaohe Airport in Northwest China's Xinjiang Uygur Autonomous Region.
Source: Global Times | 2020/6/29 13:49:24

Refusing virus guarantees may slash Brazilian soybean exports to China: analyst

A call by a Brazilian grain association to not give China the coronavirus-free guarantees it sought may delay or even greatly reduce bilateral soybean trade, which is currently at the peak as it's harvest season in the South American country, industry experts said.
Source: Global Times | 2020/6/28 21:12:07

US farm produce exporters should avoid double standards in trade with China: experts

US farm produce exporters should avoid double standards in their trade with China, Chinese trade experts said on Sunday, calling for adequate efforts to guarantee COVID-19-free shipments.
Source: Global Times | 2020/6/28 21:03:44

Dragon Boat prompts spending jump, showcasing better-than-expected rebound

Approaching the end of the second quarter, the Chinese economy continued to show promising signs despite a recent outbreak of coronavirus in Beijing, as retail spending improved during the Dragon Boat Festival holiday and China's unemployment rate edged down in May.
Source: Global Times | 2020/6/28 20:38:43

China can help India fight desert locust invasion

China could help India to address a locust plague with its emergency response capacity in pest control, although Chinese experts and industry insiders pointed out that the Indian government should create the right conditions for such disaster relief, citing the "boycott China" movement in the country and intentional delays at Indian customs in recent days.
Source: Global Times | 2020/6/28 20:03:43