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China launches LPG futures trading

China's liquid petroleum gas (LPG) futures will start trading on the Dalian Commodity Exchange, in Northeast China's Liaoning Province, on Tuesday, sources told the Global Times.
Source: Global Times | 2020/3/30 14:56:07

Goldman, Morgan Stanley raise stakes in China joint ventures

US investment banks Goldman Sachs and Morgan Stanly have received an approval from China's securities regulator to raise their stakes and take majority holdings in their China securities joint ventures on Friday, a sign that China's efforts of further opening up have not been hindered by the COVID-19 situation.
Source: Global Times | 2020/3/27 22:28:40

Huawei offers $200 million to lure developers, ramping up efforts to replace Google amid US ban

Huawei on Friday said it will invest $200 million to attract developers for its Kunpeng computing industry, strengthening its pace of building a competitive ecosystem aiming to replace Google amid the US' Huawei ban.
Source: Global Times | 2020/3/27 13:23:40

French wine imports to China will fall 50% in 2020 due to pandemic

China's red wine industry has entered an unprecedented winter. Although the coronavirus outbreak is easing in China, it will continue to hit the industry and lead to 50 percent drop in sales as the pandemic spreads in Europe and beyond.
Source: Global Times | 2020/3/26 20:03:40

Baidu launching online healthcare branch

China's internet giant Baidu has set up two online healthcare companies within a week, a sign that China's online healthcare market is booming, experts said.
Source: Global Times | 2020/3/26 18:08:40

US' Huawei indecision shows company's technology strength: analysts

The US decided to prolong the public comment period on Huawei's proposed license extension, displaying the importance of the Chinese tech giant to US businesses amid the COVID-19 outbreak in the US, industry analysts said.
Source: Global Times | 2020/3/26 15:48:40

Yiwu employers consider salary cuts, unpaid leave amid dampened exports due to COVID-19

While some workers in Yiwu of East China's Zhejiang Province, the world's largest wholesale market, are satisfied with their current wages amid the novel coronavirus (COVID-19) pandemic, their employers are anxious about failing to pay employees months later due to diminishing exports.
Source: Global Times | 2020/3/25 22:31:00

China's API makers restart manufacturing, but logistics disruptions hinder shipping

China's manufacturers of active pharmaceutical ingredients (APIs) for export recently resumed production, as coronavirus-struck markets such as the US and EU have a serious shortage of the ingredients due to manufacturing halts and disrupted supply chains.
Source: Global Times | 2020/3/25 12:20:45

Dow soars over 11 pct in best day since 1933

US equities surged on Tuesday with the Dow closing up more than 11 percent, notching its biggest one-day percentage gain since 1933 amid stimulus hopes.
Source: Xinhua | 2020/3/25 4:36:47

China's real estate market shows sign of a recovery: experts

A new property in East China's Jiangsu Province recently sold for 1.2 billion yuan in 60 seconds, a sign that the country's property market is recovering from the impact of the coronavirus attack.
Source: Global Times | 2020/3/24 17:43:40

Coronavirus test kits developed by Chinese firm approved for use in US

COVID-19 test kits developed by China's BGI Genomics are now commercially available in the US clinical market, the company said. Industry analysts say the move could improve testing ability in the US as suspected cases in the country have been rising rapidly.
Source: Global Times | 2020/3/24 14:18:40

China's stocks climb as US Fed rolls out unprecedented measures to shield economy

China's share trading in both the mainland and Hong Kong strengthened during Tuesday's morning session as the US Federal Reserve's released a round of massive measures to protect its economy from the fallout of the virus.
Source: Global Times | 2020/3/24 11:23:05

China's wildlife breeding industry suspended amid epidemic, local govts assist transition

The wildlife breeding industry is under mounting pressure as related trading has been comprehensively suspended in China amid the coronavirus outbreak. Farmers are facing fateful decisions under one widespread argument that the virus might have originated in wildlife species, and some farmers have decisively transferred to other industries with assistance from local governments.
Source: Global Times | 2020/3/23 21:33:40

International finance fluctuations won't change the upward prospect of China's stock market: official

As China's A-share market showed strong resilience since the outbreak of the novel coronavirus, temporary international financial fluctuations will not change the upward prospect of China's stock market, a senior financial official said Sunday.
Source: Global Times | 2020/3/22 12:13:40

China's national software system may see large-scale application in 5 years: analysts

Major Chinese software developer Kylin Software was launched in North China's Tianjin Municipality on Friday, aiming to build a domestic operating system supporting 5G, artificial intelligence and other next-generation technologies with tens of billions of yuan in investment.
Source: Global Times | 2020/3/21 16:24:04

Consumption stimulus to drive economy in first half of 2020: experts

Household consumption will take a bigger share of the total economy in the first half of 2020 amid coronavirus concerns, as exports are expected to halt due to sluggish international demand, according to experts.
Source: Global Times | 2020/3/21 14:53:23

US stock market sees worst week since 2008; expert predicts downtrend to continue

Wall Street has just seen its worst week since the 2008 financial crisis, with major US benchmarks witnessing steep plummets amid panic over the spread of the novel coronavirus (COVID-19) worldwide, despite a series of measures released by the US Federal Reserve.
Source: Global Times | 2020/3/21 13:48:40

US stocks sink as virus fears persist

US equities ended lower in wild trading on Friday as fears of economic slowdown driven by the coronavirus outbreak continued to grip investors.
Source: Xinhua | 2020/3/21 7:30:56