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Beijing FTZ to enhance tech growth, narrow services deficit

Beijing's plan to set up a high-level Pilot Free Trade Zone (FTZ) will enhance the city's technology- and services-driven sectors, as China is aiming to further open up and pursue high-quality development, analysts said on Sunday after Beijing officials announced the plan.
Source: Global Times | 2020/9/6 22:13:40

Tesla accident in Sichuan kills 2, raises concerns over safety

An accident in Nanchong, Southwest China's Sichuan Province on Saturday involving a Tesla car killed two people and injured six, police said. The accident has raised concerns among netizens and experts about the popular US electric car brand's safety controls.
Source: Global Times | 2020/9/6 22:03:40

Huawei to launch phone with Kirin 9000 chips in limited numbers

Huawei has a stockpile of about 10 million Kirin 9000 chips that will support shipments for about half a year, one telecom expert said, as the "deadline" for production of the Kirin 9000 is drawing near after the US government moved to block shipments of semiconductors to Huawei Technologies from global chipmakers.
Source: Global Times | 2020/9/6 20:53:40

US rare-earth rise 'wishful thinking'

As the global trade system has been shattered by both the US-led anti-globalization drive and the COVID-19 pandemic, major rare-earth importers including the US are anxious to decrease their high reliance on China's supply. But setting up an effective and independent supply chain is wishful thinking for the US, experts said.
Source: Global Times | 2020/9/6 20:38:40

More Chinese tech companies likely to list in US: experts

China has become an important and responsible source of innovative companies and a stabilizing force for the US stock market, experts said, predicting that more technolo-gy companies are to seek US listings.
Source: Global Times | 2020/9/6 20:23:40

China unswerving in financial opening-up

China's securities regulator on Sunday vowed an unswerving push for two-way opening-up of the capital market, a pivotal part of the economy's deregulation that has attracted foreign investors despite concerns over US-China economic decoupling.
Source: Global Times | 2020/9/6 19:33:40

Beijing plans to set up high-level technology and services FTZ

Beijing is planning to set up a high-level Pilot Free Trade Zone (FTZ) covering technology, the services sector and digital economy, the city's mayor said on Saturday.
Source: Global Times | 2020/9/6 17:53:34

China's tourism industry waits for boom, pent-up demand in October

From the beaches of the "Hawaii of China" Sanya, to the Mogao Grottoes in Dunhuang, the comeback of Chinese tourists to domestic scenic spots rekindled hope for the heavily-hit tourism industry following the COVID-19 pandemic.
Source: Global Times | 2020/9/6 14:28:40

Online video raises doubts over Tesla's functions, quality

An accident occurred in Nanchong, Southwest China's Sichuan Province on Saturday, with 2 people killed and 6 injured by a rampaging car, rumored to be a Tesla vehicle. The accident raised concerns among some netizens about the effectiveness of the car's functions, particularly the autobrake.
Source: Global Times | 2020/9/6 12:28:40

Canada's judicial independence 'should not be pillaged by US political pressure'

The Chinese Foreign Ministry, for the first time, disclosed that the US had asked "dozens" of countries to detain Huawei CFO Meng Wanzhou but only Canada accepted the request, and the decision has brought huge damage to China-Canada relations. Chinese experts said the Canadian government should safeguard their country's judicial independence, rather than let Washington's political pressure "pillage" the legal system of Canada.
Source: Global Times | 2020/9/5 20:54:44

Xi makes three proposals at int'l services trade fair

Chinese President Xi Jinping delivers a speech at the Global Trade in Services Summit of this year's China International Fair for Trade in Services (CIFTIS) on Friday.
Source: Xinhua | 2020/9/4 20:10:49

US stocks plunge as tech leads losses

US stocks plunged on Thursday, as a steep sell-off in tech shares dragged down the market.
Source: Xinhua | 2020/9/4 11:17:24

Industrial chain empowers manufacturing sector to recover

By improving factory automation, coordinating global resources, using a complete local industrial chain, and organizing cargo charters to ensure shipments, Chinese manufacturers are keeping up with global demand when their counterparts in other parts of the world are still hampered by the pandemic.
Source: Global Times | 2020/9/3 21:19:24

Trade fair grows in popularity, shows opening-up

Chinese President Xi Jinping is expected to deliver a speech on Friday at the Global Trade in Services Summit of this year's China International Fair for Trade in Services (CIFTIS) - the first major international trade fair since the coronavirus pandemic is controlled in the country.
Source: Global Times | 2020/9/3 20:35:04

India pushes for decoupling with China

India's latest move to push for decoupling with China by banning 118 Chinese mobile apps against the backdrop of heightened border tensions will further divert away Chinese investors amid fraying bilateral relations, industry observers and entrepreneurs said.
Source: Global Times | 2020/9/3 19:43:52

China firmly opposes India's ban on 118 Chinese apps: Chinese commerce ministry

China firmly opposes India's ban on 118 Chinese apps: Chinese commerce ministry
Source: Global Times | 2020/9/3 15:47:19

China's amended tech export rules do not target any individual company: Chinese commerce ministry

China's revised list of prohibited and restricted tech export items does not target any specific firm, China's commerce ministry said Thu when asked about whether the revision aims to delay the sale of TikTok.
Source: Global Times | 2020/9/3 15:32:36

Huawei to continue investment in chip arm Hisilicon despite US ban: Rotating CEO

Chinese tech company Huawei will keep investing in its chip arm Hisilicon and help partners in chip manufacturing, production equipment and raw materials – areas in which the Chinese tech firm is restricted by the US – to build and improve their ability, said Huawei's rotating CEO Guo Ping.
Source: Global Times | 2020/9/3 11:03:04