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A-share listed companies' scores in H1 diversify

Driven by economic recovery and resilient consumer spending, several sectors including stock farming and electronics are making strong gains in the second quarter this year, despite an overall negative growth in the stock market, according to statistics from the companies listed in the A share market.
Source: Global Times | 2020/9/1 18:18:40

China encourages purchase of homegrown medical products

A number of Chinese regions including Beijing, Shanghai and South China's Guangdong Province have released guidelines on medical equipment purchase, urging local medical institutions to impose a curb on imported medical devices, so as to support homegrown products.
Source: Global Times | 2020/9/1 16:58:40

Portuguese GDP down 16.3 pct in Q2

"The strong contraction in economic activity reflected the impact of the COVID-19 pandemic that was felt most intensely in the first two months of the second quarter," said a report of the National Institute of Statistics.
Source: Xinhua | 2020/9/1 10:09:22

Foreign securities firms set up majority-owned JVs in China as financial sector opens

Overseas securities firms are speeding up their establishment of majority-owned or even fully-owned companies in the Chinese mainland as China moves to open its financial sector to overseas investors.
Source: Global Times | 2020/9/1 0:18:07

Closer China-German ties to benefit 5G development, post-pandemic recovery

Rising US protectionism won't hinder economic cooperation between China and Germany, and German companies - no matter how long they have been in the world's second-largest economy - will eye China's long-term potential as the engine of the post-pandemic global economy.
Source: Global Times | 2020/8/31 19:38:40

Chinese partners may begin making Russia's Sputnik V vaccine in November

The Russian Direct Investment Fund (RDIF), which provided funding for the Sputnik V vaccine, is in in talks with Chinese partners, producers and distributors and eyeing for production of the Russian vaccine as earlier as in November, the head of the Russian sovereign fund told the Global Times in an exclusive interview.
Source: Global Times | 2020/8/31 19:33:41

Infographic: China, EU strengthen ties

Emerging from the damage caused by the COVID-19 pandemic, China and the EU, the world's two major economic powers, are seeking closer economic ties. Chinese State Councilor Wang Yi is paying a week-long visit starting from August 25 to Italy, the Netherlands, Norway, France and Germany – his first overseas visit since the COVID-19 pandemic.
Source: Global Times | 2020/8/31 19:23:40

New complaint mechanism for foreign investment to take effect Oct 1

Foreign business chambers and associations will be allowed to report issues related to the investment environment to Chinese authorities under a new grievance mechanism that will be effective on October 1, the Ministry of Commerce (MOFCOM) said on Monday.
Source: Global Times | 2020/8/31 19:13:40

China starts second probe of Australian wine

China launched an anti-subsidy probe into Australian wines on Monday, less than half a month after it started an anti-dumping probe against the same product, signaling a continued cooling in economic relations amid the Morrison administration's escalating hostility toward China.
Source: Global Times | 2020/8/31 18:53:40

China-Ghana cooperation thriving despite COVID-19: diplomat

China and Ghana are continuing to promote bilateral trade despite the COVID-19 pandemic, as the two sides actively push several programs ahead including a double taxation-avoidance agreement, a Chinese diplomat said in an exclusive interview with the Global Times.
Source: Global Times | 2020/8/31 18:48:40

New chapter under new normal

Bilateral ties between China and Italy have been further strengthened, with a promising reciprocal cooperation in the post-epidemic era, after a visit by Chinese State Councilor and Foreign Minister Wang Yi during his visit to five European states from August 25 to September 1. Italy was the first stop on the tour which was the minister's first overseas visit since the pandemic.
Source: Global Times | 2020/8/31 18:43:40

More exports from Chinese mainland processed at ports in Guangdong instead of HK

About 60-70 percent of the Chinese mainland-made goods for export that originally transited at Hong Kong are now instead processed at Shenzhen and Guangzhou, South China's Guangdong Province, due to the soaring human costs in the special administrative region (SAR) and new circumstances that have affected foreign traders' confidence, industry insiders told the Global Times.
Source: Global Times | 2020/8/31 16:13:40

Opportunity of mutual benefit for China-Europe cooperation amid US aggressive policy: Denis Depoux

As Chinese Foreign Minister Wang Yi visits five countries in Europe on invitation, the Global Times reporter Chi Jingyi held an exclusive interview with Denis Depoux, Senior Partner and Global Managing Director of Roland Berger, which is one of world's largest consulting firms. Depoux tackles China-Europe cooperation, development of foreign-owned companies in China and the growth path of China. According to director, there is new opportunity for China-Europe cooperation amid aggressive US policies, and international cooperation is suggested to be included in the 14th Five-Year Plan (2021-25).
Source: Global Times | 2020/8/31 15:33:40

China to continue support for ASEAN's central role in regional cooperation

China will continue to support Association of Southeast Asian Nations (ASEAN)'s central role in regional cooperation, and deepen trade ties in the China-ASEAN free trade area as part of broad-based efforts against unilateralism and protectionism, the Ministry of Commerce (MOFCOM) said on Monday. The move is likely to breathe much-needed hope into a global economy battered by COVID-19 and fragmentation.
Source: Global Times | 2020/8/31 14:09:36

China's manufacturing PMI expands at the fastest speed in two years

China's official Purchasing Managers' Index (PMI) for the manufacturing industry recorded 51 in August, indicating the expansion of manufacturing activities at the fastest speed in two years as the sector recovers amid the COVID-19 crisis.
Source: Global Times | 2020/8/31 10:53:15

Time, talent what Huawei needs most in coping with US crackdown: analysts

Chinese tech giant Huawei announced on Sunday it will hold the hotly anticipated Huawei Developer Conference 2020 in Dongguan, South China's Guangdong Province from September 10 to 12, but the much-awaited HarmonyOS smartphones will not be launched either during the conference or by year-end.
Source: Global Times | 2020/8/30 21:08:40

ETF cross-listings to deepen interconnections between mainland and HK markets

Security regulators of the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) on Friday approved the listing of exchange-traded funds (ETFs) on one another's stock exchanges, according to statements.
Source: Global Times | 2020/8/30 20:48:40

Luxury boutiques draw long lines in China

Customers in first-tier cities in China are seen forming long queues outside luxury boutique stores over the weekend, over reported concerns over possible price hikes and international travel restrictions that prevent them from taking overseas shopping trips.
Source: Global Times | 2020/8/30 20:04:04