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China encourages foreign investment in more sectors, focuses on stable and self-controlled industry chains


China has significantly increased the number and type of items on its newly revised industry catalogue, released on Monday, to encourage foreign investment.


Construction of China's first mRNA vaccine plant breaks ground in Yunnan

The nation's first mRNA COVID-19 vaccine production plant will be built in Yuxi, Southwest China's Yunnan Province, which is expected to produce 120 million doses of vaccines annually after the plant is completed.
Source: Global Times | 2020/12/21 20:33:40

Chinese chipmaker SMIC-related shares surge, defying US' stepped-up crackdown

China's A-shares related to leading chipmaker Semiconductor Manufacturing International Corp (SMIC) surged on Monday, defying the Trump administration' latest move of putting SMIC on its Entity List, which aims to contain China's development of indigenous advanced technologies.
Source: Global Times | 2020/12/21 20:23:39

Budweiser kicks off smart, green and future brewery in Wenzhou

Budweiser's new Wenzhou brewery officially kicked off on Friday as several trucks painted with Budweiser's logo headed for markets loaded with newly brewed beers from the company's most advanced smart green brewery.
Source: Global Times | 2020/12/21 20:12:28

Regulatory brake on fintech deposit products to weigh on smaller banks

Chinese regulator's move to halt deposit products on major fintech platforms will weigh heavily on small banks, especially private ones, which rely on the third-party platforms to attract deposits.
Source: Global Times | 2020/12/21 20:10:27

Hong Kong food firm Green Monday opens faux meat store in Shanghai

Hong Kong plant-based meat brand Green Monday opened its first mainland restaurant on Monday in Shanghai, the latest example of Hong Kong companies' efforts to tap business opportunities in post-coronavirus era on the Chinese mainland.
Source: Global Times | 2020/12/21 18:59:58

Huawei launches new Smart Screen powered with updated version of HarmonyOS

Huawei launched a new variety of S-series Smart Screen, and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, representing another major step towards building a complete ecosystem based on its own operating system.
Source: Global Times | 2020/12/21 18:48:39

China opposes US discriminatory provisions against Chinese companies

China firmly opposes US' intention to sign the Holding Foreign Companies Accountable Act into law, which will contain clauses that clearly work against Chinese companies, in spite of the active efforts of the Chinese regulatory authorities and the US to carry out auditing and supervision cooperation, Chinese Foreign Ministry spokesman Wang Wenbin said on Monday.
Source: Global Times | 2020/12/21 17:28:39

China opposes politicizing and stigmatizing cyber security issues: Foreign Ministry

China opposes politicizing and stigmatizing cyber-security issues, and the country has resolutely cracked down on any activities of cyber hacking and cyber-related crimes, Chinese Foreign Ministry spokesperson Wang Wenbin said on Monday, a response after US President Donald Trump claimed on his Twitter account that China “may be” responsible for the large-scale cyber attacks on the US government.
Source: Global Times | 2020/12/21 17:13:39

China builds first mRNA vaccine production base in Yunnan Province

China's first mRNA COVID-19 vaccine production plant will be built in Yuxi, southwestern China's Yunnan province, which is expected to produce 120 million doses of the vaccine per year when the plant is completed.
Source: Global Times | 2020/12/21 17:08:40

Guangzhou city sees brief black-out Monday; outage caused by electric wire fault

Guangzhou, capital of South China's Guangdong Province, reported a brief black-out Monday morning, gaining broad online attention against the backdrop of a few southern provinces cutting their power supply to save energy. But the Guangzhou outrage was caused by an electricity wire fault and electricity supply was restored quickly.
Source: Global Times | 2020/12/21 16:01:31

A 105% record growth reflects BRI' s resilience in hard time

A train fully loaded with goods gradually departs Yiwu West Station, the world's 'supermarket' Yiwu, East China's Zhejiang Province, and heading toward its final destination in Madrid, Spain, 13,000 kilometers away. This is the third train departing from the station in a day, while it used to be just once in a day or in days. Despite the global pandemic and disruptions, the China-Europe freight train, as the land envoy of the Belt and Road Initiative (BRI), has significantly bucked the trend and operated in full swing providing markets across the Eurasian continent much-needed goods and products, from preventative masks to home appliances from factories in South China to stores of countries along the route.
Source: Global Times | 2020/12/21 15:03:39

Nippon Paint's Antivirus Kids Paint passes American laboratory tests and also complies with Chinese antiviral group standards

Nippon Paint has announced the commercial launch of its first antiviral paint, Nippon Paint's Antivirus Kids Paint, in China in December 2020. The newly launched product is Asia's first antiviral children's paint using Corning Guardiant™, a novel antimicrobial paint additive containing copper ions.
Source: Global Times | 2020/12/21 13:23:39

Strained bargaining power triggers sharp fluctuations in iron ore prices: DCE

The Dalian Commodity Exchange (DCE) attributed the recent sharp fluctuations in iron ore prices to fundamentals of supply and demand, noting that diffuse group of buyers with weak bargaining power haven't formed a joint force, according to a release on Sunday night.
Source: Global Times | 2020/12/21 11:49:22