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No capital exodus from HK over new law: SAR official

A senior official with the Hong Kong Special Administrative Region (HKSAR) government Wednesday debunked fear-mongering narratives pushed by some foreign officials and media outlets that the new national security law for the SAR could lead to a capital exodus from the city and even end its status as an international financial center, arguing that the law will boost the city's financial sector.
Source: Global Times | 2020/7/15 23:32:28

China to support self-employment in e-commerce and online streaming

Authorities in China issued a document on Wednesday to further support new forms of private business and self-employment in a bid to ease pressure in the job market and boost the post-epidemic economy.
Source: Global Times | 2020/7/15 23:23:41

China-Europe cargo train reaches 1,169 in June, setting a new record

The number of China-Europe freight trains reaches a record high of 1,169 in June, despite disruptions in global logistics and trade since the outbreak of COVID-19.
Source: Global Times | 2020/7/15 18:18:41

China to boost NEV sales in rural areas

China will provide preferential policies for rural residents, holding promotional events from July to December in a bid to boost new energy vehicle (NEV) sales, according to a statement released by the Ministry of Industry and Information Technology on Wednesday.
Source: Global Times | 2020/7/15 17:33:40

China to 'comprehensively assess' UK's decision to remove Huawei 5G gear by 2027

China is seriously concerned about UK government's latest decision to remove Huawei gear from its 5G network rollout by 2027, and will “comprehensively assess” the decision by London, and take “necessary measures” to protect legitimate interests of Chinese companies, China's Foreign Ministry said on Thursday.
Source: Global Times | 2020/7/15 17:30:05

V-shaped rebound expected

After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times show, a feat that sets the economy apart from the rest of the world that is still seeing the disease acutely undermine growth.
Source: Global Times | 2020/7/14 21:43:41

Trade with US plunges in H1 despite China's foreign trade rebound

China's trade with the US plunged in contrast to the overall upbeat trend in China's foreign trade in the first half of this year. China is calling for mutual efforts to create a favorable trade environment and fulfill the phase one trade deal between China and the US, according to a press conference for the China customs authority on Tuesday.
Source: Global Times | 2020/7/14 11:55:18

FTSE Russell says inclusion of Sci-Tech Innovation Board only 'a matter of time'

FTSE Russell is to add Shanghai's Sci-Tech Innovation Board to its global benchmarks when "the time is ripe," a senior executive said, as China's A-share market has been achieving growing influence and global attention amid the recent rally.
Source: Global Times | 2020/7/14 0:25:08

China recalls Ecuadorian shrimp from three companies after COVID-19 risks found

Local authorities and e-commerce platforms have started to recall Ecuadorian white shrimp after it was announced on Friday that shipments from three companies had tested positive for coronavirus, according to media reports.
Source: Global Times | 2020/7/13 13:07:47

Tangshan's listed firms say operations unaffected by 5.1-magnitude earthquake

A-share listed companies in China's "steel city" - Tangshan, Hebei Province - report their operations were not impacted by a 5.1-magnitude earthquake and the many aftershocks earlier Sunday morning.
Source: Globaltimes.cn | 2020/7/13 0:19:50

China to set up team to crack down on capital market irregularities

A meeting by the Financial Stability and Development Committee under the State Council, China's cabinet, decided over the weekend to create a coordination work team to clamp down on capital market irregularities, as part of a broader effort to ensure a sound and stable equity market that has recently soared.
Source: Global Times | 2020/7/12 22:13:40

Trade dispute case irrelevant to China's market economy status: ministry

China has halted a dispute at the World Trade Organization (WTO) with the EU over anti-dumping, which is not relevant to China's market economy status, said the Ministry of Commerce (MOFCOM) on Saturday.
Source: Global Times | 2020/7/12 11:17:10

US tech restrictions risk losing Chinese market

The US government has constantly tightened its technological restrictions on China over the past few months, despite widespread concern that such moves would disrupt the global supply chain.
Source: Xinhua | 2020/7/11 21:20:20

China's financial watchdog warns against risks as loan defaults rise in wake of pandemic

China Banking and Insurance Regulatory Commission (CBIRC) warned on Saturday that potential financial risks remain high, while urging precautions to be taken in advance for a possible spike in non-performing loans (NPLs).
Source: Global Times | 2020/7/11 19:26:00

China-Europe freight transport operating normally despite concerns over new infections in Kazakhstan

China-Europe freight transport has been operating normally through ports between China and Kazakhstan, despite emerging concerns about the worsening epidemic situation in the Central Asian country.
Source: Global Times | 2020/7/11 0:28:40

China's central bank announces recruitment for R&D of sovereign digital currency: report

The Digital Currency Institute under China's central bank, the People's Bank of China (PBC), recently announced a recruitment plan for the research and development (R&D) of its state-run digital currency, which has been considered the first of its kind across the world, reports said.
Source: Global Times | 2020/7/10 19:33:40

Iron ores futures prices up amid economic recovery

Iron ore futures opened higher Thursday in daytime trading on the Dalian Commodity Exchange.
Source: Global Times | 2020/7/9 18:23:40

Japanese supercomputer suggests changes amid airborne virus threat

Supercomputer-driven models simulated in Japan suggested that operating commuter trains with windows open and limiting the numbers of passengers may help reduce the risk of coronavirus infections, as scientists warn of the airborne spread of the virus.
Source: Reuters-Global Times | 2020/7/9 17:33:41