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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.


US efforts to contain China's rising high-tech sector weaker than expected: SMIC founder

The US has less power to contain China's rising high-tech sector than people expected, and China has the ability to catch up in the future, a senior industry expert said on Tuesday.
Source: Global Times | 2020/8/5 12:23:41

Disney reports significant quarterly loss due to COVID-19 pandemic

The Walt Disney Company on Tuesday reported significant quarterly loss in its fiscal third quarter due to the ongoing COVID-19 pandemic.
Source: Xinhua | 2020/8/5 10:52:27

China introduces new policies to support integrated circuit industry

The State Council has issued a new document outlining new policies to support the development of the integrated circuit industry. New policies and measures will be put forward in eight areas, including taxation, investment, research and development, and imports and exports.
Source: Global Times | 2020/8/5 9:58:58

India's assault on Chinese tech firms will bite its internet ecosystem: analyst

India's following in the footstep of US in cracking down on Chinese tech firms and echoing anti-China sentiment, will only hurt its internet ecosystem, Chinese analysts said Tuesday.
Source: Global Times | 2020/8/4 23:14:54

Apple's market share in China down nearly 2% in H1 2020

The market share of Apple's iPhones in China declined 1.9 percentage points to 21.6 percent by number of active devices in the first half of 2020, which analysts said is mainly due to the US tech giant's weakness in 5G technology and waning Chinese consumer interest amid escalating China-US tensions.
Source: Global Times | 2020/8/4 22:08:41

ByteDance founder tries to boost morale, discloses US' ultimate purpose

ByteDance founder and CEO Zhang Yiming, the low-key Chinese entrepreneur, said Tuesday the company is likely to face up to more difficulties ahead as the company is pursued by the US government in an atmosphere that is unfavorable to Chinese firms overseas, and the true purpose of the US' review of TikTok is to ban it completely.
Source: Global Times | 2020/8/4 20:42:42

Early start on blockchain prevents West from kicking China out of digital currency race

Shares of digital currency-related Chinese companies edged up on Tuesday's opening, with some rising by the daily limit of 10 percent. Investors were encouraged by a tone-setting central bank meeting on Monday which paved the way for the steady development of China's Digital Currency Electronic Payment (DCEP) in the second half of 2020.
Source: Global Times | 2020/8/4 20:38:41

Trump govt's crackdown on Chinese companies likely to backfire: experts

The Trump government's crackdown on Chinese companies and its hostile attitude toward China are likely to backfire, as Washington's coercion is disrupting globally-recognized rules of business and commerce, experts said.
Source: Global Times | 2020/8/4 20:28:40

Huawei launches 'Nanniwan' project to shun US technologies

As part of a backup plan to deal with the US' technology crackdown, Chinese tech giant Huawei has reportedly kicked off a project called “Nanniwan”, the same name as a revolutionary site in Northwest China's Shaanxi Province, which will focus on gadgets that shun US technologies.
Source: Global Times | 2020/8/4 20:15:17

Chinese companies speed up source diversification in face of US blacklist

Chinese companies banned from buying US supplies are speeding up self-innovation, and localization of productions at home, and several companies have shown revenue growth unfazed by the increasing US pressure.
Source: Global Times | 2020/8/4 19:08:40

Huawei 'deepens' ties with MediaTek, Qualcomm

Chinese telecommunications firm Huawei has reportedly signed a letter of intent for a large chip purchase order with Taiwan's MediaTek, a move showcasing it is adapting a strategy of unifying industry “competitors” and diversifying chip supplies amid a countdown to the US' toughened chip ban, said analysts.
Source: Global Times | 2020/8/4 18:58:41

India's checks on re-routed imports to have little impact: expert

China should watch how far India can go in its reported intention to increase the barriers on imports from Southeast Asian countries to restrict Chinese goods entering the country via re-routing, Chinese experts said Tuesday.
Source: Global Times | 2020/8/4 18:48:40

TikTok buyout 'a ruse' to take down Facebook's rival: insiders

The plan to force TikTok US business to be divested could be a ruse for the US government and tech giants including Facebook to take down the short video platform and allow Facebook to fill the void, industry insiders told the Global Times Tuesday.
Source: Global Times | 2020/8/4 18:33:40