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Foreign Ministry says China steps up quality inspection, responding to stranded Australian coal

China has been stepping up the quality and safety inspection of imported coal for environmental reasons, Zhao Lijian, a spokesperson of Chinese Foreign Ministry said Wednesday, responding to media reports that Australian coal worth over $500 million was stranded at Chinese ports.
Source: Global Times | 2020/11/25 16:59:05

Mexico expects Chinese firms to invest in high tech and auto industries: Mexican ambassador

Mexico has extended the hand of friendship to Chinese auto related and high-tech companies to invest in the country aimed at strengthening manufacturing and e-commerce sectors in the post-COVID-19 era, the Mexican Ambassador to China Jose Luis Bernal Rodriguez told the Global Times on Wednesday.
Source: Global Times | 2020/11/25 16:52:04

Carbon neutrality is daunting job, needs meticulous planning: former central bank chief

China's mandate to attain carbon neutrality by 2060 is a daunting job, one that will need both meticulous government planning and incorporating market forces to realize, Zhou Xiaochuan, former governor of China's central bank, said.
Source: Global Times | 2020/11/25 16:43:40

Embassy chides New Delhi for banning 43 more Chinese apps

The Chinese embassy in India reiterated Chinese government's firm opposition to India's ban on Chinese apps under a new national security law which was promulgated by New Delhi on Wednesday. This follows the Indian government's decision to ban 43 apps linked with Chinese developers earlier in the week.
Source: Global Times | 2020/11/25 15:25:48

Central govt supports HK as financial hub via mutual connectivity

The Central Government affirmed support for Hong Kong Special Administrative Region's efforts to enhance its position as a global financial hub via deepening connectivity with mainland financial markets, including incorporating tech shares into stock link programs. The plans for closer ties with the mainland were announced by Hong Kong SAR's Chief Executive Carrie Lam during a 2020 policy address on Wednesday.
Source: Global Times | 2020/11/25 14:06:33

No policy barrier for Taiwan enterprises to list in the Chinese mainland: Taiwan Affairs Office of the State Council

There is no policy barrier for Taiwan enterprises to list in the Chinese mainland and they will enjoy equal treatment as their mainland peers, Zhu Fenglian, a spokesperson for the Taiwan Affairs Office of the State Council, said at a press briefing on Wednesday.
Source: Global Times | 2020/11/25 13:16:15

Regulator approves Ant Group subsidiaries' ABS financing program following suspended IPO

Two Asset-Backed Securities (ABS) financing programs belonging to Ant Group's online lending subsidiaries, with a combined issuing scale of 20 billion yuan ($3.03 billion), have been approved, according to a release by the SSE Corporate Bond Information of the Shanghai Stock Exchange on Wednesday.
Source: Global Times | 2020/11/25 12:08:39

China will secure economic recovery with right mix of policies: IMF chief

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday that China will secure economic recovery and ensure balanced and high-quality growth with the right mix of supportive macroeconomic policies.
Source: Xinhua | 2020/11/25 9:13:49

More countries welcome to join RCEP: Premier Li

The Regional Comprehensive Economic Partnership (RCEP) doesn't only belong to its 15 signatory countries, it's also open and inclusive, and more countries are welcome to participate, Chinese Premier Li Keqiang said on Tuesday.
Source: Global Times | 2020/11/25 0:44:28

India bans more Chinese apps, further damping confidence of foreign investors: expert

India banned 43 more smartphone apps on Tuesday including some related with Chinese tech giant Alibaba Group, even after it recently eased foreign direct investment (FDI) policies.
Source: Global Times | 2020/11/25 0:00:20

Taiwan should engage in 'dual circulation' with the Chinese mainland: experts

It is the best choice for China's Taiwan island to engage in the "dual circulation" of the Chinese mainland instead of developing its own "dual circulation" plan due to Taiwan's relative small economic scale and incomplete industry categories.
Source: Global Times | 2020/11/24 22:50:54

Global COVID-19 QR code key to restart

One of China's distinct solutions to combat COVID-19 pandemic is setting up an international mechanism consisting of a QR health code as proposed by China's top leader over the weekend.
Source: Global Times | 2020/11/24 20:53:40

China, Germany to strengthen cooperation on vaccines and push forward BIT talks

China is willing to strengthen vaccine exchange and cooperation with Germany to promote the equitable distribution of coronavirus vaccines as a global public good, especially to benefit developing countries, Chinese President Xi Jinping said in a phone call with German Chancellor Angela Merkel on Tuesday.
Source: Global Times | 2020/11/24 20:28:40

Consumers shun Black Friday as cargo-related virus cases rise

As retailers and e-commerce platforms are busy preparing for the Black Friday sale, Chinese consumers, who had an increasing role in the annual US shopping event last year, are holding back since freight-related COVID-19 cases have seen signs of rising.
Source: Global Times | 2020/11/24 19:38:41

China in driver's seat to push digital innovation

Despite the COVID-19 pandemic, China remains firmly in the driver's seat to push for do-mestic innovation and digitalization, a conclusion widely agreed on at the annual World Internet Conference (WIC) that ended on Tuesday.
Source: Global Times | 2020/11/24 19:38:40

US companies see new era under Biden

US multinationals aim to clear away a stumbling block, the Trump administration's protectionism and anti-globalism, to push forward their international plans, in particular their exploration of the Chinese market, experts said. They made the comments in response to news that New York business leaders signed a letter urging the Trump administration to start the power transition to the incoming Biden administration.
Source: Global Times | 2020/11/24 19:23:40

China to speed up more FTA negotiations after signing RCEP: trade minister

China will speed up free trade negotiations with other economies and blocs following the signing of the Regional Comprehensive Economic Partnership RCEP, Chinese Commerce Minister Zhong Shan has said.
Source: Global Times | 2020/11/24 16:04:51

US companies eager to turn a new page as they push for power transition to Biden administration

US multinationals are trying to "kick away a stumbling block", the Trump administration's protectionism and anti-globalism, to push forward their global plans, in particular their exploration of the Chinese market following news that New York business leaders have signed a letter urging the Trump administration to start power transition to the incoming Biden administration.
Source: Global Times | 2020/11/24 14:48:40