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China to establish special transfer payment mechanism to ensure fiscal funds directly benefit businesses, people

China will set up a special transfer payment mechanism to ensure that the newly increased fiscal funds this year will directly benefit businesses and people, according to decisions made at ...
Source: Xinhua | 2020/6/10 10:46:46

Household fitness equipment exports see rebound

After months of falling demand due to the coronavirus outbreak, Chinese manufacturers of household fitness equipment are getting new export orders, with the highest demand from the US, Germany and ...
Source: Global Times | 2020/6/9 20:59:00

International businesses optimistic about China's shipping industry in the post-pandemic era

International shipping businesses remain optimistic about the industry's future development in China despite facing some temporary difficulties due to the impact of the COVID-19 pandemic. Experts noted that shipping centers ...
Source: Global Times | 2020/6/9 16:58:41

Excavator sales grow 68% year-on-year in May, sign of China's strong economic momentum

Sales of excavators rose 68 percent year-on-year in May, according to Chinese industry data. An expert said this shows China's economic growth momentum is continuously improving and accelerating.
Source: Global Times | 2020/6/9 12:12:12

UK should 'think twice' on potential damage without Huawei: analysts

As the UK ponders Huawei's role in 5G network development, the nation must decide whether US "recognition and praise" is worth everyone in the country to pay for, including operators, ...
Source: Globaltimes.cn | 2020/6/9 0:55:21

Tesla No.1 in China's NEV sales in May

China's new-energy vehicle (NEV) sales in May fell 25.7 percent year-on-year to 70,200 units, easing from a 30-percent contraction in April, industry data showed. NEV sales rose 19.5 percent month-on-month ...
Source: Global Times | 2020/6/8 22:34:19

Chinese auto sales grow again in May after 11-month decline

Vehicle sales in China, the world's largest auto market, recovered in May with a 1.8-percent increase, ending 11 months of decline. Data from the China Passenger Car Association (CPCA) showed ...
Source: Global Times | 2020/6/8 22:07:50

Only 5% of qualified China's mask makers will survive: experts

As many as 95 percent of the nation's qualified mask suppliers will go bankrupt in the second half of this year despite rising global demand driven by the coronavirus pandemic, ...
Source: Global Times | 2020/6/8 20:56:10

With global oil prices rising to $40 a barrel, China's crude production may stabilize

Crude oil futures broke $40 per barrel on Monday as the OPEC and Russia agreed to extend record oil production cuts until the end of July.
Source: Global Times | 2020/6/8 17:53:41

World's first auto with Huawei 5G technology soon to be released

With 5G technology from Huawei, Chinese carmaker BYD's latest model, Han, is set to become the world's first mass-produced automobile to feature the advanced technology, the company recently revealed.
Source: Globaltimes.cn | 2020/6/8 0:28:08

Xinjiang to invest 2.35b yuan in 5G network

Northwest China's Xinjiang Uygur Autonomous Region will invest 2.35 billion yuan ($331.9 million) in 5G development for 2020, and will include 4,140 5G base stations, Xinjiang Daily reported on Sunday.
Source: Globaltimes.cn | 2020/6/8 0:05:20

Soy imports jump 7% in May: customs

China's soybean imports jumped nearly 7 percent by volume in the first five months of the year, although the country's overall trade was flat from last May, according to statistics ...
Source: Global Times | 2020/6/7 20:58:40

Chinese firm to deliver 28nm chip manufacturing machine in 2021-2022: reports

Shanghai Micro Electronics Equipment (Group) Co (SMEE) will deliver the first domestic 28nm lithography machine between 2021 to 2022, helping narrowing the gap with the world's chip-making technology, industry websites ...
Source: Global Times | 2020/6/7 17:13:40

Beijing plans to revive outdoor film to bring movies back to people's lives amid COVID-19

Outdoor film arose in the 1950s in China and waned from the 1990s forward and now due to the COVID-19 epidemic, Beijing plans to revive outdoor film to allow people ...
Source: Global Times | 2020/6/6 19:59:46

China's financial institutions register rising total assets in Q1

The total assets of Chinese financial institutions stood at 332.94 trillion yuan (about 46.92 trillion US dollars) by the end of the first quarter (Q1), up 9.8 percent year on ...
Source: Xinhua | 2020/6/6 19:13:05

China to build 600k 5G base stations in 2020: official

China is expected to build more than 600,000 5G base stations by the end of the year, and the shipment of 5G smartphones will reach 180 million units, said an ...
Source: Global Times | 2020/6/6 18:47:58

Airline-related shares rally as China adjusts plans for international flights

China's airline-related shares rallied on Friday as the country takes a cautious yet significant step to relax restrictions on international flights.
Source: Global Times | 2020/6/5 21:43:40

China continues to buy US soybeans amid souring ties

China has not halted purchases of US soybeans as some media reports speculated, and new purchases are ongoing, a senior executive of the US Soybean Export Council (USSEC) told the ...
Source: Global Times | 2020/6/5 20:43:40