SOURCE >> Economy

Chinese netizens called for Apple to move manufacturing back to China

Chinese netizens have called for Apple to move manufacturing back to China after an Indian iPhone factory was attacked by riots on Saturday for wages issues, based on videos posted online and local news reports.
Source: Global Times | 2020/12/14 16:54:09

China, EU make 'positive progress' in BIT talks: Commerce Ministry

China and EU have made "positive progress" in the latest round of negotiations for a bilateral investment treay (BIT) last week, where talks were focused on remaining issues such as text and a list, China's Commerce Ministry said Monday.
Source: Global Times | 2020/12/14 16:26:10

China criticizes US' ordering NASDAQ to remove Chinese stocks from indexes

China's Foreign Ministry criticized Monday a US government move to order the NASDAQ to remove Chinese companies' stocks from its indexes, calling the Trump administration's move an abuse of "state power" by cracking down on Chinese companies and directing global investors to invest in Chinese companies through other channels.
Source: Global Times | 2020/12/14 16:21:16

Hong Kong to continue facilitating integration of China with world: Charles Li Xiaojia

Charles Li Xiaojia, head of Hong Kong's stock exchange operator, said on Monday that he has full confidence in Hong Kong's future, adding that Hong Kong has a big role to play in integrating a rapidly developing China with the world.
Source: Global Times | 2020/12/14 15:53:40

Double 12 online shopping festival comes and goes without the hype of Double 11

As the sequel to the Double 11 online shopping carnival, sales volume during the Double 12 shopping festival, which wrapped up Saturday, appears to have again placed a distant second, perhaps even third as it came and went without much hype.
Source: Global Times | 2020/12/14 1:25:35

China's GDP to grow at fastest rate in 9 years in 2021: GT poll

After a tough 2020, when growth is expected fall to its lowest in decades despite taking the lead globally in steadily recovering from a historical COVID-19-induced plunge, the Chinese economy is forecast to grow at its fastest rate in nine years in 2021, remaining a ray of sunshine as other major economies will likely continue to bear the brunt of the pandemic, according to a Global Times poll.
Source: Global Times | 2020/12/13 22:20:35

Third index provider removes Chinese firms, won't hurt nation's economy

Removing Chinese firms from global indices due to the Trump administration's blacklisting may lead to a short-term trend of anti-Chinese company moves in the financial sector, but China's economy, military and technology development will not be impeded by Trump's executive order at all, a Chinese expert said.
Source: Global Times | 2020/12/13 20:33:40

China most attractive supplier worldwide as restrictions ease: report

As global firms are coping with their supply-chain disruptions caused by the COVID-19 pandemic, China remains the most attractive outside their main country of location, according to the latest survey by credit insurer Euler Hermes.
Source: Global Times | 2020/12/13 20:02:59

Double 12 festival sees nearly 20,000 transactions via digital yuan on

Nearly 20,000 transactions were paid for with digital yuan within 24 hours after 8 pm Beijing time on Friday on, as Chinese residents actively participated in a major real-world trial of the digital yuan in Suzhou, a city in East China's Jiangsu Province, which has been at the forefront of China's push for a digital currency.
Source: Global Times | 2020/12/13 19:23:40

Manzhouli to implement cold-chain food purchase restrictions

Group purchases of cold-chain food in Manzhouli, North China's Inner Mongolia Autonomous Region, must be reported for further investigation, and local citizens are advised to avoid purchasing cold-chain food online, according to a post from the official WeChat account of the Manzhouli government on Sunday.
Source: Global Times | 2020/12/13 15:38:40

Key meeting stresses anti-monopoly stance, orderly expansion of capital

China has stressed the strengthening of its anti-monopoly stance and prevention of the disorderly expansion of capital during a key meeting held recently.
Source: Global Times | 2020/12/13 14:23:40

Hong Kong to receive COVID-19 vaccines in January: SAR government

Chief Secretary for Administration of Hong Kong SAR Cheung Kin-chung said in an official government blog on Sunday that the first batch of vaccines for COVID-19 will arrive in Hong Kong next month.
Source: Global Times | 2020/12/13 12:28:40

Boycott calls over Chinese-owned firms show dangerous trend, could lead to double-digit fall in Australian economy: experts

A viral list of dozens of Chinese-owned Australian companies sparks a new boycott wave over Chinese goods in Australia after far-right politician Pauline Hanson's boycott call. As a wider range of sectors in the country start feeling the pain of escalating trade tensions, continuous reckless moves could bring a double-digit fall for the Australian economy next year, said Chinese experts.
Source: Global Times | 2020/12/12 17:32:56

Largest railway project by Chinese company in Latin America to promote Argentina's post-pandemic recovery

China Railway Construction Corporation (CRCC) and the Ministry of Transport of Argentina on Friday signed a contract worth $2.6 billion to improve General San Martin Cargo Railway, the largest railway project signed by a Chinese company in Latin America. The project is expected to provide impetus for economic recovery for Argentina in the post-pandemic era.
Source: Global Times | 2020/12/12 16:53:40

Top CPC meeting stresses industrial chain self-reliance, tech strength in 2021

At a meeting on Friday, the Communist Party of China (CPC) Central Committee Political Bureau called for overall reform and opening-up, enhancement of national strategic technologies, an increase in the self-reliance capability of industrial chains and the formation of a powerful domestic market.
Source: Global Times | 2020/12/11 21:51:43

China not likely to resume pork trade with Germany over COVID-19 and swine fever concerns

Germany, one of the biggest pork suppliers in Europe, is reportedly continuing talks with China in hopes to resume pork trade between the two countries, after its products were banned from entry to the Chinese market after the discovery of African swine fever (ASF), according to a report by Reuters.
Source: Global Times | 2020/12/11 20:08:45

China's key meeting stresses industrial chain self-reliance, tech strength in 2021

China's CPC Central Committee Political Bureau met on Fri, asking to promote overall reform and opening-up, enhance the strength of nationally strategic technologies, increase the self-reliance capability of industrial chains, and form a powerful domestic market in 2021.
Source: Global Times | 2020/12/11 19:08:15

Tech firm supports cold chain checking

The shadow of Chinese technology companies is looming in the imported cold chain checking procedures, as a tech arm of Alibaba said they are working with local governments to help with tracking of the imported cold chain, ensuring the safety of cold chain food.
Source: Global Times | 2020/12/11 19:03:40