SOURCE

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.


Alibaba DAMO forecasting broader use of third-generation semiconductors

Alibaba DAMO, Academy for Discovery, Adventure, Momentum and Outlook, released a report outlining the 10 most important trends in science and technology field in 2021. DAMO predicted that the third generation of semiconductors will become increasingly widespread and used by industries.
Source: Global Times | 2020/12/28 15:53:39

Crop farming shares lead gains on Chinese A-share market Monday morning

Crop farming shares led gains on Chinese A-share market on Monday morning, as investors were buoyed by a promising prospect of seeds and farming industry on heels of the just-concluded tone-setting Central Economic Work Conference, among which ensuring grain safety is one of the priorities.
Source: Global Times | 2020/12/28 14:15:34

China to add a 'one-click car-hailing' function for the elderly

China's Ministry of Transport (MOT) said on Monday that it is studying a plan to optimize online car-hailing software by adding the "one-click car-hailing" function to provide convenience for the elderly.
Source: Global Times | 2020/12/28 12:15:25

Alibaba increases share repurchase program from $6b to $10b

Alibaba Group Holding said on Sunday its board has authorized an increase in the company's share repurchase program to $10 billion up from $6 billion. The move reflects the company's adequate cash flow and optimistic outlook for its future development, analysts said.
Source: Global Times | 2020/12/28 10:58:39

Hainan duty-free sales expected to hit 4.9 bln USD in 2020

Offshore duty-free shops in China's island province of Hainan are expected to rake in 32 billion yuan (about 4.89 billion US dollars) in sales by the end of this year, local authorities said Friday.
Source: Xinhua | 2020/12/28 9:19:54

China's top legislative body urges stronger inspection of unfair competition

China's top legislative body has called for a strong inspection of unfair competition in the internet and e-commerce sectors, a signal that China will address unfair competition through a legislative mechanism, following the probe into Alibaba's alleged monopolistic practices.
Source: Global Times | 2020/12/27 23:42:35

China's largest environmental enterprise explores ways of building 'waste-free cities'

The largest environmental enterprise in China has vowed to construct a unique mode of waste treatment, a step forward for China's "waste-free cities."
Source: Global Times | 2020/12/27 22:52:38

Ant to embrace makeover for new starting point

China's top financial regulatory authorities, including the central bank, jointly interviewed Alibaba Group's fintech offshoot Ant Group on Saturday, in a follow-up to the high-profile antitrust probe into the e-commerce giant that aims for a new starting point for the country's platform economy.
Source: Global Times | 2020/12/27 16:38:29

Recent sporadic COVID-19 cases won't derail China's economic recovery: experts

Recent sporadic COVID-19 cases in several cities including Beijing may affect local consumption, especially with regard to holiday gatherings, experts said on Sunday, while noting that the economic recovery at large would remain intact.
Source: Global Times | 2020/12/27 22:03:20

Construction starts on new plant for viral vector COVID-19 in Beijing

A groundbreaking ceremony for a COVID-19 vaccine production base was held on Sunday at Daxing Biomedical Industrial Base in southwestern Beijing. The vaccine will be based on the non-replicating viral vector using chimpanzee adenovirus, the first of its kind in China, media reported.
Source: Global Times | 2020/12/27 20:56:54

Xiaomi's omission of chargers for Mi 11 sparks controversy

Chinese smartphone maker Xiaomi's decision not to provide chargers with its upcoming flagship smartphone Mi 11, which the company said was intended to protect the environment, has raised discussions online about whether the move will protect the environment or just the company's business interests.
Source: Global Times | 2020/12/27 18:18:40

Chinese companies see rising profits despite fallout of COVID-19 outbreak in 2020

A total of 641 firms listed on China's A-share market, as of Friday, released performance forecasts for 2020. More than 40 percent are predicting positive growth, despite the fallout of the COVID-19 pandemic, according to information released by Wind, a financial information database.
Source: Global Times | 2020/12/27 17:38:39

Huawei's HarmonyOS, a system to divide and define the era of IoT

The beta version of Huawei HarmonyOS for mobile phone developers was released on December 16, fulfilling Huawei's promise of technological innovation and its development plan announced at the Huawei Developer Conference in September.
Source: Global Times | 2020/12/27 17:30:14