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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.


China's top market regulator launches anti-trust probe into Alibaba

China's top market watchdog has launched a probe into e-commerce giant Alibaba's suspected monopolistic acts including forcing merchants to choose one platform between two competitors, the Xinhua News Agency reported on Thursday, in an effort considered to rectify market order and facilitate free, fair and non-discriminative business environment.
Source: Global Times | 2020/12/24 8:44:23

China's staple foods supply projected to be sufficient, global prices to keep volatile: Ministry

The supply of staple foods is sufficient and rich in variety for the upcoming New Year's Day and China's Spring Festival; the price of agricultural products will generally see a rising trend due to seasonal fluctuations and festival factors, but it is unlikely to rise sharply, China's agriculture ministry said on Thursday.
Source: Global Times | 2020/12/24 13:09:46

Big data indicates recovery in China's nighttime economy

Nighttime consumption in China has almost returned to last year's level, an index based on big data has shown.
Source: Xinhua | 2020/12/24 11:52:15

China's economic activity normalizes faster than expected: World Bank

Economic activity in China has normalized faster than expected, according to the latest report published by the World Bank.
Source: Xinhua | 2020/12/24 11:37:48

China, Ukraine to deepen Belt and Road cooperation

China and Ukraine agreed on Wednesday to work together to combat the COVID-19 pandemic, comprehensively deepen cooperation on the Belt and Road Initiative, and leverage their respective strengths for mutual development.
Source: Xinhua | 2020/12/24 10:11:37

China remains most important pillar of global car industry: report

The Chinese market once again proved to be the "most important pillar" of the global automotive industry and of German manufacturers in particular, according to a report published by global consulting firm Ernst & Young (EY) on Wednesday.
Source: Xinhua | 2020/12/24 10:02:15

First cargo train from Turkey to China reaches Xi'an

The first cargo train from Turkey to China has arrived in the northwestern Chinese city of Xi'an. All goods completed customs clearance, according to local authorities.
Source: Xinhua | 2020/12/24 9:30:19

China's financial watchdogs to conduct regulatory talks with Ant Group

China's central bank and three financial watchdogs will conduct regulatory talks with Ant Group within the next few days.
Source: Xinhua | 2020/12/24 8:37:42

Chinese container makers work at full capacity amid global supply shortage

With jammed ports, halted production and disrupted logistics continuing to paralyze the US, Australia and some European countries amid the pandemic, Chinese container makers have been working at full capacity since mid-year -- but they still can't meet demand, while costs soar and delivery times for some raw materials get longer.
Source: Global Times | 2020/12/23 22:19:20

Tariffs to fall on 883 products to boost supplies of drugs, high-tech components

China will lower tariffs on 883 imported products, including cancer drugs and other medical goods, high-tech equipment and components, and environmentally friendly products as of January 1, as a move to boost supply of much-needed high-quality products, the Customs Tariff Commission of the State Council said on Wednesday.
Source: Global Times | 2020/12/23 22:03:45

Hotel reservations for New Year up 80% in China: report

Chinese tourists are increasingly wondering how to book a desirable hotel for the coming holidays, and data from several online travel platforms show that the coming New Year holidays are likely to be busier than recent months.
Source: Global Times | 2020/12/23 22:03:45

Chinese OS developer launches ecosystem alliance to break up Microsoft monopoly

Uniontech, the developer of Linux-based Unity Operating System (UOS), on Wednesday launched an ecosystem alliance revolving around the major domestic operating system that's envisioned to become the Chinese equivalent of Microsoft Windows, in a high-profile move to defuse woes over a US-initiated decoupling.
Source: Global Times | 2020/12/23 21:48:36

China's GDP projected to grow 7.9% in 2021 as recovery accelerates: World Bank report

Economic growth in China is expected to slow to 2 percent this year, before rebounding to 7.9 percent in 2021 as private investment and consumption heats up, a World Bank report released on Wednesday projected.
Source: Global Times | 2020/12/23 20:48:40