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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.


China warns US to not open 'Pandora's box,' after US crackdown on TikTok

China's Foreign Ministry Tuesday called the US crackdown on TikTok pure "political manipulation" basedmon fabricated accusations and warned the US to not open a "Pandora's box" or the US will suffer the consequences.
Source: Global Times | 2020/8/4 17:59:49

Microsoft employees debate on overtime work, corporate culture

"Work-life balance has always been part of Microsoft's corporate culture and is respected by everyone, whether they have worked at other companies or not," an employee of Microsoft Beijing told the Global Times Tuesday.
Source: Global Times | 2020/8/4 17:48:40

Foreign capital continues to influx to China's colossal market: FM

China has not and will not see large-scale foreign capital withdrawal, or relocation of industrial and supply chains, the Ministry of Foreign Affairs said on Tuesday, in response to foreign politicians' calling for supply chains to be moved out of China.
Source: Global Times | 2020/8/4 17:30:59

China to construct first domestic aircraft tire facility to break foreign monopoly

South China's Guangzhou will be home to China's first large-scale scientific facility for aircraft tire kinetics experiments, marking an important step away from a high dependence on imports and toward domestic production, which is expected in the next decade.
Source: Global Times | 2020/8/4 15:20:46

Chinese currency gains value while the US dollar tumbles

As the US Dollar Index (DXY) lost ground with a decade-low single month decline, analysts warned that the weak dollar cycle has started amid increasing uncertainties of the COVID-19 pandemic and the US presidential election.
Source: Global Times | 2020/8/4 15:05:05

US government's handling of TikTok cannot be compared to Google's departure from China: Kai-Fu Lee

Kai-Fu Lee, a prominent figure in the Chinese internet sector and former president of Google China, said that no Google reference can be taken from the Trump administration's handling of TikTok, after some public opinion leaders floated the idea of bringing Google Inc back to the Chinese market.
Source: Global Times | 2020/8/4 14:53:40

China's consumption trends in the post-epidemic period

A recent public survey conducted by the Global Times Research Center concerning the shift in the Chinese public's outlook on consumption.
Source: Global Times | 2020/8/4 13:08:40

Huawei ramps up 'genius' hunt amid US chip ban

Huawei's has accelerated its recruitment of "geniuses" from around the world as it faces intensified external pressure and a US chip ban, with one new Chinese graduate receiving a top salary of 2.01 million yuan ($287,949).
Source: Global Times | 2020/8/4 12:39:01

Trump's request for cut from TikTok deal 'unprofessional,' threatens US business environment

Trump said on Monday that TikTok would be banned in the US unless it is bought by Microsoft or another company by September 15, and suggested the US Treasury should get a cut from the deal. Although it is unclear what amount Trump is referring to, his statement is a clear departure from market principles and a threat to the US business environment, an expert said.
Source: Global Times | 2020/8/4 11:58:40

Ant Group, ByteDance become world's highest-valued unicorns: Hurun report

By the end of March China had the world's second-highest number of unicorns, private companies whose valuations exceed $1 billion, according to the Hurun Global Unicorn Index 2020 list released by the Hurun Research Institute on Tuesday.
Source: Global Times | 2020/8/4 11:03:40

Brazil's VP lauds Huawei's 5G-building capacity

Brazilian Vice President Hamilton Mourao on Monday defended Chinese technology company Huawei's participation in the bidding process to build Brazil's 5G internet network, arguing that Huawei is well positioned for the task.
Source: Xinhua | 2020/8/4 10:51:49

Zuckerberg under attack for showing true face of US capitalism

Chinese netizens said they won't ever again believe Mark Zuckerberg after the founder and CEO of Facebook, who once had a huge number of fans in China for his deep attachment to Chinese culture, became an aggressive promoter of TikTok's demise in the US.
Source: Global Times | 2020/8/4 2:37:21

Video conference app Zoom distances itself from China amid US crackdown on TikTok

California-based Zoom Video Communications said it will shift to a partner-only model in Chinese mainland from August 23, as the US crackdown on TikTok continued to grab headlines on Monday.
Source: Global Times | 2020/8/4 1:54:59