SOURCE >> Economy

Huawei mobile phone business is tested

As the date of a US government chip ban draws near, Huawei Technologies not only faces the risk of a chip supply cut-off by America, but also fierce competition from other Chinese smartphone rival makers, which hope to grab its domestic and overseas market shares.
Source: Global Times | 2020/9/8 20:53:40

Chinese app ban a loss for India

With India extending the list of banned Chinese applications again following a recent ban of another batch of 118 apps, problems including economic loss, inconvenience, entry of foreign competitors and market disorder have begun to arise.
Source: Global Times | 2020/9/8 16:18:40

Ireland's Q2 GDP down 3 pct year-on-year

Ireland's gross domestic product (GDP) amounted to 82.3 billion euros (about 97.2 billion US dollars) in the second quarter (Q2) of this year, down 3 percent compared with the same quarter of last year, according to the initial estimates released by the country's Central Statistics Office (CSO) on Monday.
Source: Xinhua | 2020/9/8 13:36:09

China suspends frozen food imports from 56 companies from 19 countries

As of Monday, China has suspended imports from 56 cold-chain food companies from 19 countries where staff have COVID-19 infections. Forty-one of the companies voluntarily stopped exports to China, China's General Administration of Customs (GAC) said on Tuesday.
Source: Global Times | 2020/9/8 13:23:40

Chinese bottled water giant Nongfu Spring debuts in HK bourse with record-breaking stock sale

Shares of Chinese bottled water giant Nongfu Spring soared in a record-breaking stock sale on the first day of its listing on the Hong Kong stock market, becoming the hottest IPO in Hong Kong's financial history.
Source: Global Times | 2020/9/8 12:23:40

China's exports increase 11.6% in August

China recorded sustained and stable improvement in its foreign trade in August, with exports maintaining a strong growth rate of 11.6 percent year-on-year, powered by recovering domestic manufacturing activity and the reopening of more overseas economies.
Source: Global Times | 2020/9/7 20:58:40

Warnings after failure of Wuhan chip project

Amid industry zeal for technology advances in China's semiconductor sector, it is time to call for rational investment and top-down design by the government to avoid “expensive” failures, analysts told the Global Times on Monday.
Source: Global Times | 2020/9/7 20:53:42

Beijing dismisses US politicians' ill-willed comments on China

Facts have proved that it is the US that “refuses to compete in a fair, equal and transparent manner,” and it is the US that is “trying to leverage its own advantages to create and export George Orwell's version of 1984 into the 21st century,” a spokesperson for China's Foreign Ministry said on Monday.
Source: Global Times | 2020/9/7 20:53:40

Trial to give foreign financial firms national treatment in Beijing

The State Council of China agreed on Monday on a guideline on deepening and expanding trials on the opening of services sector in Beijing, with most opening-up measures rolled out for the first time, which will enable foreign financial institutions to enjoy pre-establishment national treatment in pilot programs.
Source: Global Times | 2020/9/7 20:43:41

If Google operating system can't be used, HarmonyOS can replace it: Huawei

If the US continues to block Huawei and other Chinese mobile phone firms from using Google's ecosystem, Huawei's self-developed HarmonyOS can be sold globally, and gradually an ecosystem will come into being, replacing Google's system, a Huawei senior executive has said.
Source: Global Times | 2020/9/7 18:47:44

Potential US blacklist of SMIC is an act of hegemony: FM

China strongly opposes US moves to abuse the national security concept by imposing a wide range of restrictions on Chinese firms without showing solid evidence, and such moves are an act of outright hegemony, China's Foreign Ministry said on Monday.
Source: Global Times | 2020/9/7 17:15:17

China's Foreign Trade (Jan - Aug, 2020)

China's Foreign Trade (Jan - Aug, 2020)
Source: Global Times | 2020/9/7 17:02:30

A China-Africa Friendship that transcends time under BRI

China is the largest developing country, and Africa is the continent with the largest number of developing countries. China and Africa are not only natural partners for development, but also brothers that share weal and woe. In recent years, emerging from the tests of Ebola and COVID-19, the bond between China and Africa has become ever stronger as evidenced by the profound China-Africa friendship in the hearts of the two peoples.
Source: Global Times | 2020/9/7 14:58:40

Apple contractor Pegatron apologizes for disrespecting new hires in E China's Kunshan

Taiwan-based electronic contractor Pegatron, which also assembles iPhones, apologized for a recent viral video showing the company's recruiters throwing work passes onto the ground when issuing them to new hires in China, forcing workers to bend down to pick them up.
Source: Global Times | 2020/9/7 14:46:13

China's rare-earth exports continue downward trend in August

China in August exported 1,642 tons of rare-earth, data from Chinese Customs showed on Monday – a slight rebound from July's 1,620 tons, but still a sharp decrease from the same period last year, when the volume was 4,351 tons.
Source: Global Times | 2020/9/7 14:44:23

Implementation of trade deal evident as China imported more from the US in August

China's foreign trade with its top trade partners increased during the first eight months of the year, while trade between China and the US declined. However, imports from the US surged and the trade surplus narrowed.
Source: Global Times | 2020/9/7 14:38:59

China's exports maintain solid growth of 11.6% in August, while imports drop

China saw sustained and stable improvement in its foreign trade in August, with exports maintaining a strong growth rate of 11.6 percent year-on-year, powered by recovering domestic demand and the reopening of more overseas economies in the past month
Source: Global Times | 2020/9/7 12:51:33

Main section of Tesla's Shanghai Gigafactory Phase 2 completed

The main section of the second phase of Tesla's Shanghai Gigafactory has been completed and its Model Y will be mass-produced from the first quarter of next year, according to media reports.
Source: Global Times | 2020/9/7 11:57:28