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Industrial profits rise 6% in May, first gain this year: NBS

As the resumption of business and production is underway, industrial enterprises continued to improve their performance, with growth in May turning positive for the first time this year. Analyst said that digitalization, price advantages and policy support will be the driving forces for sustainable development in the post-pandemic period.
Source: Global Times | 2020/6/28 18:08:58

Tourism revenue in Hubei during Dragon Boat Festival doubles that of May Day holidays

Tourism revenue in Central China's Hubei - the province that was hit hardest by the COVID-19 epidemic in China - has surged during the Dragon Boat Festival, double that of the May Day holidays, official data showed Sunday.
Source: Global Times | 2020/6/28 17:18:25

Kazakhstan's camel milk powder hits Chinese market despite COVID-19

It's the most enchanting season on Kazakhstan's steppes where flocks of cattle, sheep, horses and shepherds on horseback wander under clear blue skies.
Source: Xinhua-Global Times | 2020/6/28 15:33:41

Chinese market drives record sales for Chilean Cherries amid virus

Despite the impact of the COVID-19 pandemic on the global economy, sales of the Chilean cherry reached record levels during the 2019-2020 season, thanks to the buying power of its key consumer – China.
Source: Xinhua-Global Times | 2020/6/28 15:33:40

China's central bank injects 100 bln yuan into market

China's central bank on Sunday pumped cash into the banking system via reverse repos to maintain liquidity.
Source: Xinhua | 2020/6/28 12:36:01

US exporters could lose millions from stricter Chinese frozen goods rules

China is imposing a stricter quarantine and management regulation on imported frozen products, which could incur millions of dollars in losses for some US exporters whose seafood products are still under quarantine, industry insiders said. The longer customs inspection procedures could also lead to food spoilage.
Source: Global Times | 2020/6/27 18:28:40

Huawei reportedly set to release Mate Watch loaded with HarmonyOS

Chinese tech company Huawei is reportedly set to release its Mate Watch loaded with HarmonyOS, a self-developed operating system that aims to challenge Google's monopoly amid the US crackdown.
Source: Global Times | 2020/6/27 13:23:40

Chinese Yuan needs more currency swap programs to achieve internationalization: NDB

Chinese domestic currency's global footprint could be expanded further provided the implementation of more currency swap programs that allow the New Development Bank (NDB) to issue yuan-denominated loans to economies of the BRICS countries; that is, Brazil, Russia, India, China and South Africa, the NDB bank's vice president told the Global Times in a recent interview.
Source: Global Times | 2020/6/26 17:15:34

GT investigation: Can India's fragile economy survive its own 'boycott China' campaign?

Since the deadly clash between Chinese and Indian troops in the Galwan Valley on June 15, hyper-nationalism appear to have taken over India, where calls for boycotting Chinese products and footage of Indian citizens destroying TV set have been dominating social media. In China, very few take those calls and actions seriously, with some saying India waging a trade war with China is like throwing an egg at a rock. Still, to help Indian nationalists and their followers better understand the potentially devastating consequences of their words and deeds on the already fragile Indian economy as well as India's poor, the following is a GT investigation into four areas of the Indian economy where Chinese involvement is simply irreplaceable.
Source: Global Times | 2020/6/24 17:49:02

China further cuts negative list for foreign investors

China on Wednesday unveiled a new, shortened nationwide negative list for foreign investment, cutting items off limits to foreign investment from 40 to 33 in the latest move to honor its commitment to further opening up its economy amid the pandemic and rising unilateralism led by the US.
Source: Global Times | 2020/6/24 18:56:40

Trump administration officials diverge on setting China policies: experts

Senior officials from Trump administration seem continue to diverge on how to pursue trade and economic relations with China, which should be prepared for the wobbly polices coming from Washington, Chinese experts say.
Source: Global Times | 2020/6/24 15:17:14

RCEP set to be signed in 2020; agreement remains open for India

Members of the Regional Comprehensive Economic Partnership (RCEP) said on Tuesday that the signing of the agreement this year will increase regional integration and the door is still open for India whenever it's ready.
Source: Global Times | 2020/6/24 0:23:24

Foreign healthcare providers boost Chinese market following COVID-19

The first batch of high-end ventilators came off the production line at GE Healthcare's Chinese facility on Monday, a milestone for the US firm's localization in the Chinese market, which will also accelerate the integration of the Chinese healthcare sector with the world-class level.
Source: Global Times | 2020/6/23 23:06:22

TSMC faces big losses from waiving Huawei orders

A Reuters report on Tuesday cited Kung Ming-hsin, an official from Taiwan island as saying that TSMC has already offset the lost Huawei orders with alternative customers.
Source: Global Times | 2020/6/23 22:53:40

Suspension of some meat imports from Brazil, UK won't have much impact

The suspension of some meat imports from abroad is unlikely to seriously impact market supply in China, experts say, as a couple of meat processing factories in the UK and Brazil will halt exporting meat because of coronavirus infections there.
Source: Global Times | 2020/6/23 20:03:40

Takeaway business braces for uncertainty after deliveryman is confirmed with COVID-19

The courier business in Beijing might brace for a period of uncertainty with one parcel deliveryman confirmed as being infected with COVID-19, a case that was announced on Tuesday by Beijing's health authorities.
Source: Global Times | 2020/6/23 19:53:42

Tourism sows bright future for ancient village

Liu Shengxian, a farmer in East China's Anhui Province, did not expect that rice transplanting – his traditional farm work – would become an object of interest for visitors from cities.
Source: Xinhua-Global Times | 2020/6/23 16:08:41

Central bank yuan bill issuance in HK oversubscribed by overseas investors

China's central bank on Tuesday issued 10 billion yuan ($1.41 billion) of bills in Hong Kong with a coupon of 2.21 percent.
Source: Global Times | 2020/6/23 16:08:40