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Change in direction to promote high-quality transformation in China's economy attracts international interest


Chinese and foreign firms are showing increasing enthusiasm toward China's new infrastructure plan as it accelerates the move toward new emphases and is expected to bring new drivers for the economy and help hedge against the fallout of the coronavirus outbreak.

Sinovac's Beijing vaccine plant with 100 mln per year capacity under construction: report

Sinovac Biotech Ltd, the Chinese vaccine developer that has a lead in the global coronavirus vaccine development pipeline, received $15 million worth of venture capital funds to boost its research work.
Source: Global Times | 2020/5/23 18:13:40

Chinese firm denies ICMR allegations that COVID-19 kits give faulty results

China's Foreign Ministry and China's Embassy to India on Tuesday refuted claims by Indian Council of Medical Research (ICMR) alleging COVID-19 test kits it purchased from Chinese companies were not working, saying poor storage, transportation and use of the kits could all result in inaccurate testing results.
Source: Global Times | 2020/4/28 19:13:40

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China bans hog imports from India to prevent African swine fever

China is set to ban imports of pigs, wild boar and related products from India in an effort to prevent African swine fever (ASF) and ensure the safety of China's animal husbandry, according to a joint notice issued by the General Administration of Customs of China and the Ministry of Agricultural and Rural Affairs on Wednesday.
Source: Global Times | 2020/5/28 17:58:40

China confident in ending extreme poverty this year as planned: Premier Li

China confident in ending extreme poverty this year as planned: Premier Li
Source: Global Times | 2020/5/28 17:44:27

BIT to provide security for German firms in China

German companies have confidence in the Chinese market and will not leave as they still see great growth potential, and a widely anticipated bilateral investment treaty (BIT) between China and the EU, expected to be signed by 2020, will provide them with investment security, a German business representative said.
Source: Global Times | 2020/5/28 17:13:40

China expected to see positive economic growth in 2020: Chinese premier

Chinese Premier Li Keqiang met with press at the Great Hall of the People after the conclusion of the third session of the 13th National People's Congress (NPC) on Thursday, saying China is expected to see economic growth in 2020 if tasks in six key areas including creating jobs, maintaining people's livelihoods and enlivening market entities are completed.
Source: Global Times | 2020/5/28 17:09:11

Chinese premier expects positive GDP growth in 2020

Chinese Premier Li Keqiang said Thursday the country is expected to achieve positive economic growth this year if security is ensured in six key areas.
Source: Xinhua | 2020/5/28 16:50:20

British aviation bosses warn quarantine plans will damage sector

The UK's plans for travelers to quarantine for 14 days after arriving in the country will worsen an already grave situation for the aviation sector, industry leaders said on Monday, saying that the government needs to set out a road-map to normality.
Source: Reuters | 2020/5/28 16:08:40

LATAM becomes latest victim of COVID-19

LATAM Airlines Group, Latin America's largest carrier, filed for US bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
Source: Reuters | 2020/5/28 16:03:41

China's liquid rocket engine completes key restart function test

China's 15-ton reusable liquid oxygen-methane engine JD-1 completed a key secondary start test on Wednesday.
Source: Global Times | 2020/5/28 13:55:03

China may 'strongly retaliate' if the US moves to intervene in internal affairs: experts

China may strongly retaliate if the US moves to add pressure on and intervene in China's internal affairs as it considers passing the National Security Law for Hong Kong, experts said on Thursday. Measures could include punishing US companies involved in anti-China activities to impact the Hong Kong Special Administrative Region (HKSAR) and shutting down US intelligence agencies in Hong Kong, experts said.
Source: Global Times | 2020/5/28 13:13:40

Chinese yuan depreciates to nine-month low against US dollar amid global uncertainties

The yuan hit a record low on Thursday, dropping to 7.1964 against the dollar amid risk-aversion market sentiment as Canada announced the ruling of Meng Wanzhou, CFO of Huawei.
Source: Global Times | 2020/5/28 11:58:40

Overhyped live-commerce causing bubbles in the market: experts

China's live-commerce, a promotion model that combines streaming videos and e-commerce, has been applauded as a game changer in retailing in a time when brick-and-mortar stores are shutting their doors.
Source: Global Times | 2020/5/28 11:36:51

Boeing resumes 737 MAX production

The 737 program began building airplanes at a low rate as it implements more than a dozen initiatives focused on enhancing workplace safety and product quality, Boeing said in a statement.
Source: Xinhua | 2020/5/28 10:17:37

Hollywood seeks help to keep sets safe

Along with hair stylists, camera operators and the hundreds of others who make magic happen for TV and film, Hollywood is counting on a new supporting member for future productions: COVID-19 consultants.
Source: Reuters | 2020/5/28 19:03:40