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China's think tank refutes report that canceled talks with Europe business association cast shadows on BIT

Deputy Director of China Center for International Economic Exchanges (CCIEE) Wei Jianguo on Friday refuted Bloomberg's report saying that scrapped talks between the think tank and European business association BusinessEurope "cast shadow" over planned China-EU investment deal.
Source: Global Times | 2020/12/11 11:10:57

China, Afghanistan and five Central Asian countries eye closer cooperation

China, Afghanistan and five Central Asian countries have agreed to continue to deepen cooperation in the fight against the pandemic and strengthen economic and trade ties during a multilateral a video link held on Wednesday.
Source: Global Times | 2020/12/10 23:48:40

China-Russia jointly developed airplane making good progress

The development of the Chinese-Russian wide-body CR929 passenger aircraft is going well, and the plane could spawn several variants for special missions in the future, media reports said on Wednesday.
Source: Global Times | 2020/12/10 23:23:10

Railway network grows

A new high-speed railway linking Xuzhou and Lianyungang in East China's Jiangsu Province started trial operations on Thursday in preparation for the official opening next month. The line will be part of the nation's arterial rail network, consisting of eight lines connecting east and west and north and south. Photo: cnsphoto
Source: Global Times | 2020/12/10 20:38:40

70% of China's pledged $60 billion financial support to Africa is already in use or provisioned

China's cooperation with African is broadening despite the fallout of the COVID-19 pandemic, and both sides see an increasing necessity for cooperation in the post-virus era, Chinese and African officials said at a forum on Thursday.
Source: Global Times | 2020/12/10 20:33:40

S&P indices to drop 21 Chinese companies

S&P Dow Jones Indices, a division of US financial services conglomerate S&P Global, announced on Wednesday the impending removal of 21 Chinese companies from its equity and fixed-income indices, becoming the second index provider this month to translate a Trump executive order targeting Chinese securities into a trigger for expulsion.
Source: Global Times | 2020/12/10 20:13:40

China's grain crop harvest hits 650m tons for 6th year, crucial to food security

The sown area, output per unit area and total output of grain in China all increased in 2020, with the harvest exceeding 650 million tons for a sixth consecutive year, according to data released by the National Bureau of Statistics (NBS) on Thursday.
Source: Global Times | 2020/12/10 20:08:40

HK firms see new growth in mainland as city regains stability with national security law

The first winter after the implementation of the national security law in Hong Kong didn't chill local business as some Western media have claimed; rather, local companies have welcomed hard-won stability and peace in the city, and many businesses have decided to expand their markets beyond Hong Kong.
Source: Global Times | 2020/12/10 19:58:40

Chinese ski resorts see business surge as winter sports get more popular

Ski resorts in northern China are seeing their business skyrocket, as winter sports are getting more popular in China supported by a multi-year national campaign ahead of the 2022 Winter Olympics and domestic travel remains largely unaffected by the COVID-19 epidemic, which has been effectively controlled in the country.
Source: Global Times | 2020/12/10 19:48:05

US coercing other countries to join 'Clean Network' is dirty business: FM

Officials from the Trump administration have lobbied all around the world, coercing or luring other countries to shun Chinese high-tech firm Huawei's 5G, and to join US' so-called “Clean Network” scheme, which is actually very dirty, said China's Foreign Ministry on Thursday.
Source: Global Times | 2020/12/10 19:38:25

Around 1,000 CR929 expected to be delivered between 2023-45: chief Chinese designer

Delivery of the CR929 long-haul jetliner jointly developed by China and Russia is moving ahead on schedule, with a total of 1,000 expected to be handed over between 2023 and 2045, chief Chinese designer Chen Yingchun said on Wednesday.
Source: Global Times | 2020/12/10 17:53:40

China becomes Chile's largest trade partner, assisted by FTA: Commerce Ministry

China has become Chile's largest trade partner, source of imports, destination of exports and biggest buyer of its agricultural produce, which is facilitated by the China-Chile free trade agreement, and the two countries are eyeing for huge potential in extending bilateral trade and economic cooperation, a spokesperson from China's Ministry of Commerce (MOFCOM) said on Thursday.
Source: Global Times | 2020/12/10 17:28:01

Shanghai's Yangshan port processing 4 million TEUs in first 11 months

The handling capacity of Shanghai's Yangshan automated piers are expected to exceed 4 million twenty-foot equivalent units (TEU), or standard containers a year, revealed data released by the Maritime Safety Administration (MSA) of Yangshan Port.
Source: Global Times | 2020/12/10 17:23:40

China targets high-quality development for the next five years

As China's 13th Five-Year Plan (2016-2020) draws to a close, many are praising its overwhelming success. Some Chinese regions recently issued their 14th Five-Year Plan, which address higher-quality development for the 2021-25 period. The plans include developing regional economies and environmental sustainability, and written to reflect the needs of individual regions.
Source: Global Times | 2020/12/10 17:08:40

Follow-up talks on China-Singapore FTA to use negative list: MOFCOM

Follow-up negotiations on an upgraded China-Singapore free trade deal, jointly announced by the two countries on Tuesday, will be conducted in the form of a negative list and focus on service trade and two-way investments, China's Ministry of Commerce (MOFCOM) said on Thursday.
Source: Global Times | 2020/12/10 16:58:40

China to push for return of WTO appellate body to normal operation

Together with other World Trade Organization (WTO) members, China will push for the return of normal operation of the WTO appellate body, aiming to safeguard free trade and a rule-based multilateral trading system, spokesperson of China's Ministry of Commerce (MOFCOM) said on Thursday.
Source: Global Times | 2020/12/10 16:23:54

Australian wine faces further duties as China imposes anti-subsidy and anti-dumping tariffs

China's new anti-subsidy tariffs and previously imposed anti-dumping tariffs could deal a destructive blow to Australian wines' future in the Chinese market and cause a glut in Australia, Chinese wine importers and industry experts said on Thursday.
Source: Global Times | 2020/12/10 16:23:26

Rumor of Japanese companies line up to withdraw from China is not true: MOFCOM

Spokesperson of China's Ministry of Commerce Gao Feng said on the regular press conference on Thursday that the rumor of a large number of Japanese companies is lining up to withdraw from the Chinese market is "totally unfounded."
Source: Global Times | 2020/12/10 16:08:40