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China continues to buy US soybeans, import outlook optimistic: USSEC

China has not halted purchases of US soybeans as some media reports speculated, and new purchases are ongoing, a senior executive of the US Soybean Export Council (USSEC) told the Global Times in an exclusive interview.
Source: Global Times | 2020/6/5 13:26:04

Global catering giants embrace China's booming vending economy

Driven by positive signs for the booming vending economy thanks to government support, global restaurant conglomerate Yum China is offering promotions at its subsidies KFC and Pizza Hut in China. Analysts predicted that more international giants will embrace this type of business.
Source: Global Times | 2020/6/4 23:52:51

Street vending economy setting new trends

As China's economy is recovering from the fallout of the coronavirus pandemic, the so-called vending economy is in the spotlight with groups and individuals from all walks of life participating. Experts said that the sector may provide employment for 9 million people this year if more support policies are put into place.
Source: Global Times | 2020/6/4 21:30:56

Private newcomers struggle as mask production ebbs

As domestic demand for face masks plunges thanks to the ebb of the COVID-19 outbreak in China, small newcomers to the sector are now struggling to make a profit.
Source: Global Times | 2020/6/4 21:18:41

Trump's threats won't frighten firms

US President Donald Trump's latest volley of threats at China's Hong Kong Special Administrative Region (HKSAR) is unlikely to intimidate savvy businessmen into a withdrawal from the city, regional affairs watchers said.
Source: Global Times | 2020/6/4 21:13:42

Souring bilateral ties to hit Canada's canola exports to China

Shipments of canola, a major Canadian commodity export to China, are expected to decline further this year after a fall in 2019 amid souring bilateral relations, experts told the Global Times Thursday.
Source: Global Times | 2020/6/4 20:58:41

Chinese companies, institutions blacklisted by US have Plan B as sanctions take effect

Chinese companies and institutions have activated their own versions of plan B in the face of sanctions imposed by the US government that will deprive them of some American supplies, companies and industry insiders told the Global Times on Thursday.
Source: Global Times | 2020/6/4 20:53:41

Qantas, Air New Zealand to boost domestic capacity as restrictions ease

Australia's Qantas Airways and Air New Zealand on Thursday outlined plans for significant boosts to domestic capacity as pandemic-related travel restrictions ease, sending their shares higher.
Source: Reuters | 2020/6/4 15:03:41

Premier urges support for street economy, Wuling responds in 2 days

Chinese companies are famous for their business acumen, but a domestic car brand has just taken this to a new level.
Source: Global Times | 2020/6/3 21:18:40

Local government bond risks 'under control'

As local governments issue more bonds this year to tackle rising challenges from the coronavirus hit, financial experts have urged the Chinese government to fend off potential risks with better auditing and assessment procedures.
Source: Global Times | 2020/6/3 20:38:42

HKSAR can keep markets calm

Hong Kong's financial markets are only marginally affected by simmering tensions between the world's top two economies, observers said, predicting stability in the city's stock market and its pegged currency.
Source: Global Times | 2020/6/3 20:23:40

No tit-for-tat retaliation doesn't mean Ottawa off the hook over Meng case

Canada seems to be getting more paranoid in the aftermath of a court ruling against Huawei CFO Meng Wanzhou that sparked a new wave of indignation among Chinese public, with some in Canada wondering whether China would take retaliatory measures like more trade restrictive measures.
Source: Global Times | 2020/6/3 20:02:54

HSBC 'finally' backs national security legislation for HK

As UK-backed groups like Jardines Group publicly support the national security legislation for Hong Kong Special Administrative Region, the embattled banking giant HSBC, a leading lender in Hong Kong, has remained silent, prompting Chinese experts to call for “necessary countermeasures” against the London-based lender – for example, putting it on the country's unreliable entity list.
Source: Global Times | 2020/6/3 19:58:40

SMIC's Shanghai IPO to accelerate R&D

Domestic chipmaker Semiconductor Manufacturing International Corp (SMIC)'s planned IPO on the Sci-Tech Innovation Board may give it a much-needed shot in the arm to speed up research and development into 7-nanometer chips and assume the role of leading player Taiwan-based TSMC in supplying Huawei in the coming two to three years, industry insiders say.
Source: Global Times | 2020/6/2 21:01:05

Brazil may gain iron ore share

Chinese demand for iron ore, a key raw material for making steel, is on the rise -- and Brazil is expected to seize a bigger market share despite a slump in May shipments, Chinese experts said on Tuesday.
Source: Global Times | 2020/6/2 20:09:38

China's rare-earth firm moves from foreign-dependent to self-reliant

China's leading rare-earth supplier is speeding up construction of production facilities for ceria-zirconia solid solution that are expected to open in September. Experts said the development shows that China's rare-earth ceria-zirconia solid solution technology has broken international monopoly.
Source: Global Times | 2020/6/2 19:02:44

China sends implicit warning to US on farm imports

Beijing could be sending Washington an implicit warning that it could halt purchases of US agricultural products, in case the Trump administration imposes harsh sanctions on the Hong Kong Special Administrative Region (HKSAR) over the national security legislation by China's National People's Congress.
Source: Global Times | 2020/6/2 18:23:40

China's recovering market deemed a 'lifesaver' for European airlines

China's market could be a “lifesaver” for European airlines, some of whom have been pushed to the brink of bankruptcy under the fallout of COVID-19 that has grounded most planes, industry insiders said.
Source: Global Times | 2020/6/2 15:58:40