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.


Christmas season boosts China's market rebound

Although Christmas Eve had already arrived on Thursday, Chinese vendors on Taobao.com were busy with orders for the holiday season, using promotions to grab the last chance for big sales ahead of the Chinese New Year in February.
Source: Global Times | 2020/12/24 22:22:55

China aims for comprehensive, balanced and high-level BIT pact with EU

China and the European Union (EU) are pushing for the inking of the sweeping Comprehensive Agreement on Investment (CAI), despite a rising number of hurdles during the negotiation and the increasing pressure from third parties, such as the US, said Chinese observers. They noted that signing the deal will send a powerful signal that the two sides have chosen pragmatic cooperation over political differences, and inject much-needed energy into the world economy, which is facing difficulties brought about by the COVID-19 pandemic.
Source: Global Times | 2020/12/24 22:03:40

China will carry out bilateral investment agreement negotiations with EU at its own pace: MOFCOM

As more hurdles are reportedly emerging amid the ongoing negotiations on a China-EU bilateral investment treaty (BIT) and concerns arising whether the pact could be inked by the year end, China's Ministry of Commerce (MOFCOM) said late Thursday that China will carry out negotiations at its own pace while striving to reach a comprehensive, balanced and high-level BIT with EU.
Source: Global Times | 2020/12/24 21:54:38

China's staple-food supply sufficient, seed issues still severe: analyst

China's agriculture ministry again stressed the importance of ensuring food security on Thursday, vowing to make ensuring grain production a top priority and a major political task in the next year.
Source: Global Times | 2020/12/24 21:23:39

TSMC's new US plant another warning to mainland chipmakers to be self-reliant

Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, has started hiring for its first US plant in 20 years, media reported.
Source: Global Times | 2020/12/24 21:14:33

US economic bullying can't stop development of Chinese 5G companies: Foreign Ministry

The Chinese Foreign Ministry has criticized the US for abuse of power in cracking down on foreign companies, saying that this economic bullying cannot stop the development of Chinese firms.
Source: Global Times | 2020/12/24 20:38:39

China to address supply chain bottlenecks during 14th Five-Year Plan: official

During the 14th Five-Plan (2021-25) period, China aims to strengthen innovation, and enhance efforts to deliver more breakthroughs in core technologies to create a more efficient domestic supply chain, while enhance its industrial base, officials said Thursday.
Source: Global Times | 2020/12/24 17:57:42

China-EU negotiations on BIT proceeding smoothly now: Foreign Ministry

China's Foreign Ministry (FM) refuted some Western media reports claiming that Chinese demands on nuclear power investment are complicating EU-China BIT talks, dismissing those reports as “fake news”.
Source: Global Times | 2020/12/24 17:23:39

Huawei's self-developed HarmonyOS to disrupt the future of e-commerce shopping

Decades ago, people could hardly imagine that online shopping would one day become one of the main ways consumers would purchase goods. The emergence of Alibaba's Taobao subverted the public's understanding of the commodity market and even threatened the status of the real economy. Not long after, JD.com also targeted the dividends of e-commerce shopping, entering the arena at an early stage. The two e-commerce platforms now dominate China's e-commerce market.
Source: Global Times | 2020/12/24 17:23:36

China suspends log imports from Australia's New South Wales, Western Australia due to detection of pest

China suspends log imports from Australia's New South Wales, Western Australia due to detection of pest
Source: Global Times | 2020/12/24 16:37:46

How Chinese drone makers help with US, UK combat COVID-19?

While the US government is making life difficult for Chinese drone makers by imposing economic sanctions on them, Washington has ignored how these companies have been helping the US in combating COVID-19, and undergoing some high-risk rescue operations.
Source: Global Times | 2020/12/24 16:13:39

Recovery speed of Tibet's tourism industry topped China's provinces

Tibet's tourism industry has recovered 98 percent when compared with the same period in 2019. The recovery speed of Tibet's tourism industry is ahead of all parts of China, the China Daily reported on Thursday.
Source: Global Times | 2020/12/24 14:38:40

China's software, information industry reaps revenues of $1.12 trillion in first 11 months

China's software and information industry recorded revenues of 7.31 trillion yuan ($1.12 trillion) between January and November, a year-on-year increase of 12.5 percent, 0.8 percentage points higher than that from January to October, gaining stable momentum, according to a release by the Ministry of Industry and Information Technology (MIIT) on Thursday.
Source: Global Times | 2020/12/24 14:35:57