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China to introduce strong financial measures to help smaller firms tide over difficulties

China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized enterprises, as part of effort to help them overcome temporary difficulties.
Source: Xinhua | 2020/2/26 8:29:36

Global luxury brands lament 'chilly' business amid virus outbreak

China is the world's top consumption market for luxury products and contributes over half of global sales, so when its demand drops, the impact on global production chain is immense. Business representatives in the luxury goods sector have expressed pessimism over significant decline in luxury sales.
Source: Global Times | 2020/2/25 22:18:40

China markets wrap-up

Chinese mainland share posted an impressive performance on Tuesday, surviving a bloodbath on the global stock markets over fears of a surge in coronavirus infections outside the mainland.
Source: Global Times | 2020/2/25 21:48:40

More than 3,000 Chinese stocks fall following overnight global market tumble

More than 3,000 China-listed companies saw their market valuations shrink on Tuesday morning, as the mainland stock markets struggled to stand following an overnight global market bloodshed.
Source: Global Times | 2020/2/25 12:43:40

China market wrap-up

Chinese mainland shares proved exceptionally strong on Monday on the back of a slew of pro-growth policy announcements over the weekend.
Source: Global Times | 2020/2/24 22:58:03

Coronavirus takes toll on Chilean cherry exports to China market

The coronavirus has battered Chilean fruit exports to China. Industry insiders predict the coronavirus outbreak could cause $100 million in losses to Chile's fruit exports, as cut-off logistics will dent sales.
Source: Global Times | 2020/2/24 19:38:42

China's Q1 car sales to drop 60% due to factory closures

Despite the gradual restart of businesses in China due to the COVID-19 epidemic, slackened buying power and sharply reduced production capacity mean the auto industry's recovery is set to be a long-term process.
Source: Global Times | 2020/2/24 18:28:41

BYD delivers 134 EVs to Los Angeles, continues to explore overseas market

China's leading automaker BYD on Monday announced a deal to deliver 134 electric buses to the US city of Los Angeles. The Shenzhen-based multinational company said it will continue to explore the global market amid a gloomy auto sector now.
Source: Global Times | 2020/2/24 18:03:41

Most foreign-funded enterprises resume work in Chinese manufacturing hub

About 91 percent of the top 300 foreign-funded import and export enterprises in the southern Chinese city of Dongguan, the country's manufacturing hub, had resumed work as of Feb. 23, local authorities announced Monday.
Source: Xinhua | 2020/2/25 15:53:16

China central bank pledges "dynamic adjustment" of RRR policies

China will adopt "dynamic adjustment" of targeted reserve requirement ratio (RRR) cut policies in the near future for better use of inclusive financing to shore up the virus-hit economy, an official from the central bank said Monday.
Source: Xinhua | 2020/2/24 12:02:01

China's central bank voices confidence in fighting epidemic impact

China is capable of offsetting the economic impact of the novel coronavirus outbreak with ample monetary policy tools, a senior official with the central bank has said, pledging to further lower borrowing costs while keeping liquidity at a reasonable and ample level.
Source: Xinhua | 2020/2/24 8:12:13

Trapped at home, Wuhan residents take to stock trading

People in Wuhan, the epicenter of the novel coronavirus epidemic, who have been trapped at home amid a virus-triggered city lockdown and wary of the deadly virus have now found an activity to help them kill time - studying theory of investing in stocks.
Source: Global Times | 2020/2/23 21:33:40

Turnover on "new third board" exceeds 12 bln yuan

China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," has seen a turnover of 12.4 billion yuan (about 1.8 billion US dollars) since the beginning of this year, according to the exchange.
Source: Xinhua | 2020/2/23 10:51:11

UK auto industry foresees huge cooperation potential with China in post-Brexit: SMMT

China is an important market and the British auto industry foresees big cooperation potential with China in the post-Brexit era, communications chief of the Society of Motor Manufacturers and Traders (SMMT) has said.
Source: Xinhua | 2020/2/23 8:00:06

China releases more pork from reserves to ensure supply

China's top economic planner said Friday the country released an additional 11,673 tonnes of frozen pork reserves to ensure market supply.
Source: Xinhua | 2020/2/21 20:18:51

Chinese travelers head to Thailand as other countries apply entrance restrictions

Thailand has become a hot transit choice for Chinese travelers going abroad amid the #COVID-19 outbreak as multiple countries and regions have issued different kinds of entrance restrictions for visitors from China.
Source: Global Times | 2020/2/20 23:23:40

Mainland shares rally on hopes for greater policy support

Chinese mainland shares rallied on Thursday on hopes for greater policy support to steady the economy amid the deadly coronavirus outbreak, shaking off mild losses in the previous session.
Source: Global Times | 2020/2/20 19:50:46

Overseas investors continue to increase holdings of Chinese bonds

Overseas institutions continued to increase holdings of Chinese bonds, demonstrating confidence in the market despite short-term uncertainties, market data showed.
Source: Xinhua | 2020/2/20 9:32:45