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Latest coronavirus outbreak chills Beijing's rental market despite graduation season

The latest cases of COVID-19 are starting to take their toll on Beijing's rental market, dragging down prices amid the city's recently tightened control measures and despite the upcoming graduation season, which is usually expected to boost the sector.
Source: Global Times | 2020/6/23 15:58:41

High-quality soybean genome constructed

Chinese researchers have constructed a high-quality genome map of diverse soybean varieties, which could help improve soybean breeding and cultivation.
Source: Xinhua | 2020/6/23 13:38:41

UK axes NHS COVID-19 app

The UK will switch to the Apple and Google model for its COVID-19 test-and-trace app, ditching an attempt to develop an app by itself after the homegrown system did not work well enough on Apple's iPhone, the government said.
Source: Reuters-Global Times | 2020/6/23 13:38:40

Tesla to return Chinese user data server from US to China; gesture shows its long-term plan for the market

According to a report from cnstock.com, Tesla will move its Chinese client data and verification services from the US back to China. Tesla China is recruiting for a number of IT positions, including data center engineers and data base administrators.
Source: Global Times | 2020/6/23 12:17:15

Alibaba, JD.com likely to be included in mainland-HK stock link programs: experts

Chinese mainland-based technology giants that recently went public in Hong Kong are expected to be included in the stock link programs between the mainland and Hong Kong, director of Hong Kong Exchanges and Clearing Charles Li Xiaojia said.
Source: Global Times | 2020/6/22 20:51:33

Canada to face consequences when China-US ties improve in the future

Tighter rules and stepped-up scrutiny of food imports are steps China is taking to curb a resurgence of COVID-19, rather than an excuse to target any specific country for a political reason as some Canadian exporters have claimed, Chinese experts said, urging exporters to respect the nation's rules if they want to make profits in China.
Source: Global Times | 2020/6/22 20:33:40

Chinese SMEs in Vietnam seek easier entry conditions for managers, skilled staff

Vietnam allowed the entry of Chinese experts, executives and skilled workers after the country initially controlled the COVID-19 pandemic, and now Chinese small and medium-sized enterprises (SMEs) in Vietnam expect entry conditions to be eased.
Source: Global Times | 2020/6/22 19:58:41

State Council urges trading firms to sell export products on domestic market

The State Council, China's cabinet, issued guidelines on Monday intended to facilitate trading firms to promote products originally designated for exports to be sold on the domestic market, in an effort to ramp up the domestic consumption power and back up the economic growth.
Source: Global Times | 2020/6/22 19:58:40

As China diversifies imports, time running out for Australia

Time is running out for Canberra to repair fraught ties with Beijing, which have deteriorated sharply in recent months, as China has diversified its agricultural product imports, allowing four more Russian dairy companies to enter the Chinese market, Chinese experts said on Monday.
Source: Global Times | 2020/6/22 19:48:40

Yuan internationalization push will blunt financial decoupling: CSRC official

China will have greater ability to withstand a financial “decoupling” if the nation makes more progress in globalizing the yuan, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said on Monday.
Source: Global Times | 2020/6/22 19:19:39

Launch of low-sulfur fuel futures speeds internationalization

China launched trading of low-sulfur fuel futures Monday at the Shanghai International Energy Exchange (INE), a step toward internationalization of the nation's futures market.
Source: Global Times | 2020/6/22 18:13:40

BRI extends new chapter for cooperation

The Belt and Road Initiative (BRI) is of great significance and plays a special role in guiding China-Italy cooperation.
Source: Global Times | 2020/6/22 16:53:41

China-EU cooperation should not be derailed by misleading Western voices

Certain Western media outlets are tireless in exaggerating any setback related to the China-proposed Belt and Road Initiative (BRI), but that is a sign of the growing influence of the grand economic cooperation and development plan.
Source: Global Times | 2020/6/22 16:48:40

HK leader highlights confidence in future economy

Hong Kong's leader has expressed full confidence in the city's recovery and future rise to an even higher level, as long as it adheres to and improves the "one country, two systems" principle, cracks down on lawbreakers who endanger national security, puts an end to violence and chaos and makes good use of its advantages. The Belt and Road Initiative will also play a vital role for Hong Kong's economy.
Source: Global Times | 2020/6/22 12:58:00

China launches low-sulfur fuel futures, opening up further to overseas investors

China on Monday launched trading of low-sulfur fuel futures on the Shanghai International Energy Exchange (INE), a further step toward the internationalization of the nation's futures market.
Source: Global Times | 2020/6/22 12:33:40

Australia feels pressure as more natural sources available

With more sources becoming available worldwide, Australia, as the world's largest iron ore supplier, is expected to be under increasing pressure and its near-monopoly pricing power will be threatened, industry analysts said.
Source: Global Times | 2020/6/21 20:08:40

Parity obsession makes business difficult as US rejects airlines' requests

The US has reportedly rejected Chinese airlines' requests to add weekly flights on the grounds of maintaining parity, the latest point of disagreement amid fraught bilateral relations.
Source: Global Times | 2020/6/21 19:33:40

Huawei likely to win approval to build R&D center in UK: report

Huawei is expected to receive approval to build a $494.24 million research and development (R&D) center in the UK, amid a security review that could lead the UK government to ban use of its 5G equipment.
Source: Global Times | 2020/6/21 18:13:40