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Financial platforms in China should be strictly regulated: former minister of finance

Former finance minister Lou Jiwei said on Sunday that if a single digital financial platform takes up too big of a market share, it may eventually lead to a large ...
Source: Global Times | 2020/12/20 15:58:39

China releases rules on foreign investment security review

Chinese authorities on Saturday released rules on foreign investment security review to safeguard national security while spurring foreign investment.
Source: Xinhua | 2020/12/20 11:46:26

Revenue of China's mobile game industry soars

Revenue of China's mobile game industry soared by an estimated 32.61 percent year on year to nearly 210 billion yuan (about 32 billion US dollars) in 2020, industry data showed. ...
Source: Xinhua | 2020/12/20 11:40:17

China's middle-income population to rise to 800 million by 2035: MOFCOM

China's middle-income population will rise steadily and may reach 800 million in the next 15 years, said Qian Keming, vice minister of commerce of China, over the weekend, adding the ...
Source: Global Times | 2020/12/20 11:35:58

Shenzhen truck drivers increasingly worried about containers stuck abroad

As China continues to churn out and deliver medical-care goods needed by the world amid the coronavirus pandemic, freight drivers at Shenzhen's Yantian Port in South China's Guangdong Province are ...
Source: Global Times | 2020/12/20 11:25:54

Chinese steel association urges new pricing mechanism for iron ore

Luo Tiejun, vice president of China Iron and Steel Association, called for a new pricing mechanism for iron ore, as the S&P Global Platts iron ore index increased significantly: $45.1 ...
Source: Global Times | 2020/12/20 10:40:46

DJI could incur chip shortage after being added to US 'entity list'

The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce on Friday put 77 entities on its "entity list," most of which are Chinese companies, universities and ...
Source: CGTN | 2020/12/19 23:05:52

E. China's Shaoxing signs 12 co-operative projects with Shanghai

Shaoxing, a city in East China's Zhejiang Province, has signed 12 co-operative projects with Shanghai, at a time when China is pushing the economic integration of cities in the Yangtze ...
Source: Global Times | 2020/12/19 22:25:59

Trump signs bill that could delist Chinese companies from US stock exchanges

US President Donald Trump on Friday signed into law a new bill that could kick Chinese companies off US stock exchanges if they don't comply with American auditing standards within ...
Source: Global Times | 2020/12/19 12:34:46

China aims for more supply chain autonomy in 2021

Beijing has set the task of enhancing independence and autonomy of the industrial and supply chain and deal with the key areas and "stranglehold" problems in 2021, according to a ...
Source: Global Times | 2020/12/18 22:30:03

Chinese mobile phone brands take 60% of global market

Despite the global COVID-19 pandemic, Chinese mobile phones are gaining in popularity in the global market. According to the international e-commerce platform Aliexpress, Chinese mobile phone brands now have a ...
Source: Global Times | 2020/12/18 5:54:41

China's mystery boxes win hearts overseas as exports shoot up 400%

Mystery boxes, a toy box that contains one figure from a large selection that is not visible until it is open, are gaining popularity overseas as well as in the ...
Source: Global Times | 2020/12/17 23:09:59

Xugong Group to get $2.3b in mixed-ownership reform

Xugong Group Construction Machinery Co is set to receive about 14.8 billion yuan ($2.26 billion) from backers including GIC Pte Ltd, sources said, in one of China's biggest mixed-ownership reforms ...
Source: Global Times | 2020/12/17 19:23:39

China chip self-sufficiency up the agenda with maximum of 10-year tax exemption: analyst

China has rolled out a maximum 10-year tax exemption for integrated circuit industry on Wednesday, a move signalizing China's aim to be self-sufficient in the IC industry if faced with ...
Source: Global Times | 2020/12/17 18:35:09

5G technology now part of China's refining and chemical industry

5G technology has been integrated into the petrochemical industry in South China's Hainan Province. 22 5G base stations are expected to be complete in 2021, according to Chinanews.
Source: Global Times | 2020/12/17 17:28:41

Cargill staff members in Anhui Province tested negative for COVID-19

All staff members at Anhui provincial branch of agribusiness company Cargill and the collected environment samples there, were tested negative after one of the company's locally-produced chicken legs tested positive ...
Source: Global Times | 2020/12/17 13:25:29

China asks the Netherlands to treat Huawei, supply of EUV lithography, fairly

China's Ministry of Commerce suggested the Netherlands to take a fair, transparent and open stance towards Huawei's 5G and supply of its EUV lithography machines, and try to promote liberalization ...
Source: Global Times | 2020/12/17 10:53:40

Industry insiders call for fair reporting amid soaring iron ore prices

The blatantly misleading overseas media reports about Australia's iron ore trade with China have destabilized the market and possibly contributed to soaring prices, said industry insiders, who spoke of the ...
Source: Global Times | 2020/12/17 0:03:40