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China's rare-earth exports drop by 44% in July amid pandemic


China witnessed a steep decline in rare earths exports in July as the global epidemic resulted in weak demand.


China, South Korea to push for FTA talks, RCEP signature

China and South Korea agreed on Saturday to push forward free trade agreement (FTA) negotiations and the
Source: Global Times | 2020/8/1 21:23:26

China moves to cut costs for enterprises

Chinese authorities have issued a circular to further cut costs for enterprises to help them tide over the COVID-19 pandemic.
Source: Xinhua | 2020/8/1 19:59:07

Huawei overtakes Samsung in global smartphone shipments in Q2: report

Huawei overtook Samsung in global smartphone shipments in the second quarter of 2020, marking the first time in nine years that a company other than Samsung or Apple has led the market, according to the latest report from global technology market analyst firm Canalys.
Source: Xinhua | 2020/8/1 19:54:26

China extends transitional period for new asset-management rules

China will extend the transitional period for the implementation of its new asset-management rules by another year to ease the pressure on financial institutions due to the COVID-19 epidemic, the country's central bank announced Friday.
Source: Xinhua | 2020/8/1 18:31:25

China's STAR Market underpinning indigenous tech push amid US crackdown

The STAR Market in Shanghai, a tech and innovation-heavy board envisioned to fund the Chinese economy's shift to technology and financial sophistication, has been running for slightly over a year, underpinning the nation's push for indigenous prowess despite the multifaceted US crackdown on Chinese technologies.
Source: Global Times | 2020/8/1 18:03:08

Huawei founder's visits to top universities spotlight homegrown talent development

Ren Zhengfei, founder of Chinese tech giant Huawei Technologies, visited several top Chinese universities over the past three days, highlighting the importance of developing homegrown talent as the global tech race continues to heat up.
Source: Global Times | 2020/8/1 15:15:52

All Muji stores in US California closed due to COVID-19

Muji USA., which has been suffering from economic impacts of the COVID-19 pandemic, decided to close all seven of its stores in the US state of California as part of the company's Chapter 11 restructuring.
Source: Xinhua | 2020/8/1 10:29:22

Chinese regulators to impose administrative penalties on Luckin Coffee, related firms

Chinese regulators said on Friday that they will impose administrative penalties on Luckin Coffee as well as its related firms that helped with fabricating accounts and false advertising, less than a month after the scandal-hit company was delisted from Nasdaq due to accounting fraud.
Source: Global Times | 2020/7/31 23:08:53

400th China-Europe freight train leaves for Madrid

A freight train left Yiwu, East China's Zhejiang Province for Madrid, Spain on Friday, carrying 100 containers of daily commodities and personal protective equipment (PPE), marking the 400th freight train running on the China-Europe freight railway this year.
Source: Global Times | 2020/7/31 22:52:18

Singapore Exchange to attract more Chinese tech firms to get listed

Singapore Exchange (SGX) said it aims to attract more Chinese technology firms to get listed by supporting the investment and financing needs of Chinese companies, which shows its ambitions to boost Singapore's position in Southeast Asian capital markets.
Source: Global Times | 2020/7/31 20:43:40

West's claims of China, Russia cyberattacks a smear campaign: experts

Chinese officials and experts on Friday pushed back against fresh unsubstantiated allegations from the US that China was backing hackers to steal data from a US biotech firm developing a COVID-19 vaccine, calling the move a “smear campaign” against China.
Source: Global Times | 2020/7/31 20:08:41

China turns inward amid external risks

China has sent its clearest signal yet that it will throw more policy weight and coordination to further prop up its economy with a massive consumer market and robust industrial prowess to cope with fast evolving external risks, as top policymakers start to draft a key document that would set the tone for economic and social development for at least the next five years.
Source: Global Times | 2020/7/31 20:03:40

China and Singapore to strengthen anti-epidemic cooperation

Chinese Vice Premier Han Zheng held a phone call with Singapore Deputy Prime Minister Heng Swee Keat on Friday, during which both sides reached a new consensus on anti-epidemic cooperation, bilateral relations and other issues of mutual concern, Xinhua News Agency reported.
Source: Global Times | 2020/7/31 19:58:40