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Change in direction to promote high-quality transformation in China's economy attracts international interest


Chinese and foreign firms are showing increasing enthusiasm toward China's new infrastructure plan as it accelerates the move toward new emphases and is expected to bring new drivers for the economy and help hedge against the fallout of the coronavirus outbreak.

Sinovac's Beijing vaccine plant with 100 mln per year capacity under construction: report

Sinovac Biotech Ltd, the Chinese vaccine developer that has a lead in the global coronavirus vaccine development pipeline, received $15 million worth of venture capital funds to boost its research work.
Source: Global Times | 2020/5/23 18:13:40

Chinese firm denies ICMR allegations that COVID-19 kits give faulty results

China's Foreign Ministry and China's Embassy to India on Tuesday refuted claims by Indian Council of Medical Research (ICMR) alleging COVID-19 test kits it purchased from Chinese companies were not working, saying poor storage, transportation and use of the kits could all result in inaccurate testing results.
Source: Global Times | 2020/4/28 19:13:40

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China's ruling on Australian barley imports complies with WTO rules: Chinese commerce chamber

China's recent anti-dumping and anti-subsidy rules for barley imported from Australia are normal practices to safeguard the legitimate rights and security of the domestic industry, and comply with WTO trade remedy rules, a Chinese business representative said on Tuesday.
Source: Global Times | 2020/5/26 13:13:48

Reports on cutting Huawei's involvement in UK's 5G networks do not make sense: executive

Chinese telecommunications giant Huawei said on Tuesday that media reports citing unnamed sources claiming the UK plans to reduce Huawei's role in the construction of the country's 5G mobile networks "do not make sense."
Source: Global Times | 2020/5/26 11:08:40

China's state-run digital currency may be released early for post-COVID-19 stimulus: industry insider

China may accelerate the rollout of its state-run digital currency to counter potential US threats to Chinese financial institutions and the yuan's international settlement, while facilitating the implementation and management of large-scale post-COVID-19 stimulus, said an industry insider.
Source: Global Times | 2020/5/26 10:59:17

China to further crack down on manipulation of financial market

China has strengthened the effort to crack down on manipulation of financial markets in an effort to prevent and resolve financial risks, according to China's top Chief Justice.
Source: Global Times | 2020/5/25 23:27:38

All aboard the fun train

A digital screen displays buzzwords from this year's two sessions in a Beijing public bus on Monday. The screen reads “resolutely prevent rebound of the pandemic and firmly protect people's health.” Photo: cnsphoto
Source: Global Times | 2020/5/25 22:23:40

Words of wisdom

A digital screen displays buzzwords from this year's two sessions in a Beijing public bus on Monday. The screen reads “resolutely prevent rebound of the pandemic and firmly protect people's health.” Photo: cnsphoto
Source: Global Times | 2020/5/25 22:18:40

Deputies brainstorm support for businesses

Deputies to the ongoing National People's Congress suggest the government work out more measures to help the country's struggling export sector, and assist hundreds of thousands of the small- and medium-sized businesses which have been seriously battered by the Covid-19 outbreak. Speaking Monday during the annual National People's Congress (NPC) session, Chinese Commerce Minister Zhong Shan said that stabilizing foreign trade and foreign investment is a matter of significance.
Source: Global Times | 2020/5/25 22:11:51

Foreign investors will not leave China: Mexican Chamber

Despite rising concerns that some foreign companies might move their supply chains out of China when the novel coronavirus (COVID-19) outbreak ebbs, most investors have privately said they have confidence in China's huge market.
Source: Global Times | 2020/5/25 20:43:40

NPC deputies recommend blockchain technology acceleration

Deputies to the National People's Congress (NPC) put forward suggestion to promote the use of blockchain technology, from experimental use of the cryptocurrency in the Yangtze River Delta to upgrading the country's traditional manufacturing industry.
Source: Global Times | 2020/5/25 20:37:24

China prepares for return of US-listed companies

Chinese companies listed in the US have started seeking listings in Hong Kong and the Chinese mainland and will speed up doing so as China-US relations sour, while Chinese regulators are likely to roll out reforms to accelerate the trend, financial experts said.
Source: Global Times | 2020/5/25 19:58:01

China's 618 online shopping festival kicks off

China's largest mid-year shopping festival, known as 618, kicked off on Monday, with pre-sale volumes on Alibaba's Tmall e-commerce site skyrocketing 515 percent year-on-year within an hour.
Source: Global Times | 2020/5/25 18:58:40

Anti-dumping investigation on barley the only one initiated by China on Australia: commerce minister

Since China's anti-dumping and anti-subsidy investigation and relevant punitive tariffs against Australia's barley imports have recently become sources of tension, China's Commerce Minister said the investigation is the only one initiated by China on Australia, compared to more than 100 investigations launched by Australia.
Source: Global Times | 2020/5/25 18:48:45

Chinese Embassy in India will help Chinese nationals fly home

The Chinese Embassy in India said on Monday that it will help Chinese students, tourists and businesspeople return to China on chartered flights, with ticket and quarantine fees paid for by the passengers themselves. The first flight is scheduled for June 2 and will fly from Delhi to Shanghai.
Source: Global Times | 2020/5/25 18:09:35