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Absence of Chinese tourists causes losses of $14b in Jan-Apr

The global tourism industry lost around 100 billion yuan ($14.1 billion) during the first four months this year, an industry report by China's Ministry of Commerce (MOFCOM) suggested on Wednesday.
Source: Global Times | 2020/6/17 23:12:59

LNG spot prices down amid demand worries

LNG spot prices in Asian markets have fallen further, but China may cut LNG imports in the third quarter due to sluggish demand. The price decline also hit domestic LNG ...
Source: Global Times | 2020/6/17 22:20:38

Giants battle for market share as consumer spending rebounds in 618 shopping festival

Domestic e-commerce giants are engaged in a pitched battle for the mid-year online shopping spree known as "618 shopping festival," offering unprecedented discounts and rebates and miscellaneous promotions, as China's ...
Source: Global Times | 2020/6/17 21:48:40

Outbreak in Beijing forces people to cancel plans, seek refunds

New COVID-19 outbreak in Beijing is likely to deal a blow to the revival of its tourism sector, with an analyst predicting a 30-40 percent year-on-year drop in revenue during ...
Source: Global Times | 2020/6/17 19:28:41

HSBC mass layoff plan may spell an end for business in China market

HSBC's move to slash 35,000 jobs may mark the beginning of the end for the embattled British bank in China, its largest market, as it faces potentially grave consequences over ...
Source: Global Times | 2020/6/17 18:28:40

Huawei receives a lukewarm welcome in the West, but countries closer to home are eager for cooperation

While Western countries crack down on Chinese telecoms giant Huawei, countries in Southeast Asia are extending an olive branch and showing interest in cooperating with Chinese 5G enterprises.
Source: Global Times | 2020/6/17 18:23:40

Huawei 5G technical leader elected fellow at Canadian Academy of Engineering

Zhu Peiying, senior vice president of Huawei Technologies Canada, has been elected a fellow of the Canadian Academy of Engineering (CAE), a national institute in Canada, according to a news ...
Source: Global Times | 2020/6/17 16:50:14

Chinese 3D printer exporters sell one machine every eight seconds as Western demand picks up

Sales of made-in-China 3D printing facilities have surged in the European and US markets as customers rush to print COVID-19 prevention equipment amid the pandemic.
Source: Global Times | 2020/6/17 16:38:27

Beijing's emergency response status upgraded to level 2, governments nationwide launch corresponding measures

Beijing is reporting increasing numbers of COVID-19 cases - now double digits on a daily basis - which has led to an escalation of the city's emergency response status from ...
Source: Global Times | 2020/6/17 13:48:40

Chinese group buying platform Meituan sees soaring demand

The stock price of Meituan-Dianping (Meituan), a Chinese group buying platform, soared to HK$172 ($22) per share on Tuesday, with its total market capitalization exceeding HK$1 trillion. Analysts said the ...
Source: Global Times | 2020/6/17 1:08:40

Hawaii meeting may help defuse China-US tensions: experts

Senior officials from China and US are scheduled to meet on Wednesday in the US state of Hawaii to talk over a range of key issues like bilateral trade, Huawei ...
Source: Global Times | 2020/6/16 20:23:40

US firms to cooperate with Huawei on 5G standards

The US Department of Commerce announced a new rule on Monday allowing US companies to cooperate with Chinese technology company Huawei on 5G telecom standards.
Source: Global Times | 2020/6/16 19:33:41

Italy launches first digital platform for business exchanges, betting on Chinese market

Italy, one of the European countries worst hit by the coronavirus, has gradually emerged from its national lockdown and is now shifting its attention toward resuming its export-oriented economy ravaged ...
Source: Global Times | 2020/6/16 18:43:40

UK's decision to include Huawei in its 5G construction will stand: CBBC

The China-Britain Business Council (CBBC) trusts the UK government's decision to allow Huawei to participate in building the non-core elements of UK's 5G network will stand, said CBBC.
Source: Global Times | 2020/6/16 17:45:02

Beijing COVID-19 cluster extinguishes film industry's rekindled hope

A new cluster of COVID-19 cases in Beijing has extinguished the film industry's recently rekindled hope, with cinemas in other parts of China also still vacant and on their ...
Source: Global Times | 2020/6/16 17:28:41

US retains four round-trip flights operated by Chinese airlines, benefitting bilateral communications: expert

US civil aviation authorities announced on Monday (US time) that they would modify earlier flight restrictions on Chinese airlines and allow the Chinese carriers currently providing scheduled passenger air services ...
Source: Global Times | 2020/6/16 15:33:40

Hong Kong launches campaign to boost local tourism, consumption

In response to the travel restrictions worldwide, the Hong Kong Tourism Board begins with revitalizing local market as the first step to revive Hong Kong tourism.
Source: Xinhua | 2020/6/16 10:00:32