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Green shoots in Chinese economy boost confidence for global recovery

Although the coronavirus-battered global economy is not out of the woods yet, encouraging signs from China have raised hopes that a broad recovery is on the horizon.
Source: Xinhua-Global Times | 2020/6/21 16:43:40

Turkey uses Chinese yuan for import payment 1st time under swap agreement

Turkey's central bank allowed the payment of Chinese imports to be settled using the yuan on Thursday, the first time under a currency swap agreement between Turkey and China's central banks, according to the Turkish central bank on Friday.
Source: Global Times | 2020/6/21 13:38:40

Shanghai bourse to revise A-share benchmark index

The Shanghai Stock Exchange announced Friday it would revise the benchmark Shanghai Composite Index, in a major move to align China's A-share market with its global counterparts.
Source: Global Times | 2020/6/19 22:53:41

China implements more US orders, unrelated to Hawaii meeting

Chinese experts following the China-US trade deal said on Friday that "large numbers of signed but hitherto unimplemented" purchase contracts are beginning to be executed.
Source: Global Times | 2020/6/19 20:23:40

Boycott of Chinese products, tech will hurt India's economy: observers

A boycott campaign in India targeting Chinese products and technology in the wake of a border clash between the two Asian giants is an angry outburst that won't do the coronavirus-hit Indian economy any favors, regional affairs watchers said on Friday.
Source: Global Times | 2020/6/19 18:49:50

HSBC says Chinese mainland remains its 'strategic' market

HSBC said on Friday that China remains an important, strategic market, and committed to expand its business, services, talent pool and technology in the Chinese mainland market in the future.
Source: Global Times | 2020/6/19 16:03:40

Banning Chinese telecoms firms in India may increase local companies' costs by 20%: insider

A Chinese telecoms industry insider has said that if India bans Chinese telecoms equipment makers from entering its market, it may cause Indian companies to increase their procurement costs by around 20 percent.
Source: Global Times | 2020/6/19 15:56:20

Frozen seafood imports to sustain losses after coronavirus outbreak in Beijing's Xinfadi market

Imports of frozen and freezing food will take a heavy hit due to a series of probes launched after a sudden coronavirus outbreak at Beijing's Xinfadi market points to risks in cold chain logistics and consumers choosing to stay away from the food, Chinese expert and industry insiders said on Friday.
Source: Global Times | 2020/6/19 14:13:40

Virus spread in Beijing impacting travel enthusiasm

The spreading virus in Beijing has stalled travel plans for many, with several online travel platforms saying their booking rates for the upcoming Dragon Boat Festival holiday have not increased faster than those of the two other holidays in recent months.
Source: Global Times | 2020/6/19 12:49:02

Xinjiang firms should use legal system to counter US bullying: expert

Businesses in Northwest China's Xinjiang Uygur Autonomous Region should learn to use legal means, in addition to countermeasures by the Chinese government, to defend their legitimate rights and interests against bullying by US authorities who recently again seized products based on unproven claims of forced labor, a Chinese experts said on Thursday.
Source: | 2020/6/19 1:08:09

China calls on EU to correct discriminatory practices against Chinese firms: Commerce Ministry

China is calling on the EU to correct its discriminatory practices against Chinese companies, and will take necessary measures to safeguard the legitimate rights and interests of Chinese firms, said the Ministry of Commerce on Thursday in response to EU's Monday decision to take countervailing measures against glass fiber fabrics originating in China and Egypt.
Source: | 2020/6/19 0:25:46

Deep-seated partnership remains between China, India despite recent border clash

The partnership between China and India will remain despite the recent border clash between the two largest economies of the BRICS (Brazil, Russia, India, China and South Africa), Leslie Maasdorp, vice president and chief financial officer of the New Development Bank (NDB), told the Global Times on Thursday.
Source: Global Times | 2020/6/19 0:25:42

Efforts to derail MPIA inconsistent with WTO principles: MOFCOM

The persistent efforts by certain member countries to derail the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) at the WTO are not supported by WTO rules and are detrimental for the multilateral trade system, China's Ministry of Commerce said on Thursday.
Source: Global Times | 2020/6/19 0:03:09

Calls rise in China for US tariff removals

There are rising calls in China for US to further remove higher tariffs on Chinese products, as part of efforts to create better conditions for both sides to implement the phase one trade agreement. US officials have reportedly rejected requests from US businesses for tariff exemptions on Chinese supplies.
Source: Global Times | 2020/6/18 20:33:40

China-initiated AIIB approves $750 million loan for India

The Asian Infrastructure Investment Bank (AIIB) approved a $750-million loan to India for COVID-19 response Wednesday, as the country faces risks of worsening economic contraction.
Source: Global Times | 2020/6/18 20:13:40

Pandemic no damper on China's financial opening-up

A recent example of the nation's closer financial ties with its global counterparts was China Pacific Insurance Co (CPIC)'s debut of its global depository receipts (GDR) through the Shanghai-London Stock Connect in a $1.8 billion listing Wednesday.
Source: Global Times | 2020/6/18 19:58:40

Border clash 'old trick' for India

The Indian government's ploy in using the border clash to shift attention from domestic public discontent to fire up anti-China nationalism is unlikely to dent Chinese firms' operations in the Indian market, Chinese business veterans told the Global Times Thursday.
Source: Global Times | 2020/6/18 19:48:40

Norway's salmon exports to China slide amid Beijing coronavirus outbreak

Exports of fresh whole salmon last week from Norway to China dropped 34 percent to 240 tons, the Norwegian Seafood Council (NSC) said on Thursday. It is causing logistics disruptions in getting fresh salmon to the market, and orders are being cancelled.
Source: Global Times | 2020/6/18 19:38:40