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China rolls out new measures to boost reform and development of SOEs and private businesses

China will take solid steps in implementing the three-year action plan for SOE reform, and make more efforts to create a level playing field for private firms, the State Council's executive meeting chaired by Premier Li Keqiang decided on Thursday.
Source: Xinhua | 2020/9/18 14:19:26

China, Nordic countries expect more tech cooperation

Against the backdrop of the rising tensions over unilateralism and the global recession, China and the Nordic countries are embracing multilateralism by accelerating exploration of science and technology cooperation on smart cities in which both sides find more reciprocal benefits for growth.
Source: Global Times | 2020/9/17 17:57:40

Chinese plants go 'smart' to turn manufacturing tide

For a long time, China has been searching for a solution to the challenge faced by its manufacturing industry, which is that many of its comparative advantages such as low labor costs and high productivity levels are being lost to other emerging markets like Vietnam and Cambodia. Now, a solution might be taking shape in the form of "smart" manufacturing plants.
Source: Global Times | 2020/9/17 0:01:56

Duty-free sales in Hainan top $1 billion in two months, boosting confidence to build global tourism, shopping center

Tourism analysts estimate the duty-free shopping in Hainan will become a highlight during the upcoming National Day holiday in early October which will give Chinese an eight-day break. Along with an anticipated tourism boom, China's duty-free shopping market is likely to further expand.
Source: Global Times | 2020/9/16 18:50:56

COVID-19 outbreak in Chinese border city puts $1.5b diamond trade at risk

A recent outbreak of the novel coronavirus in Ruili, Southwest China's Yunnan Province, has led to a lockdown in the city that borders Myanmar, putting the local diamond business worth 10 billion yuan ($1.5 billion) at risk, according to media reports on Tuesday.
Source: Global Times | 2020/9/16 17:08:42

China extends bond market trading hours to cover Europe, US time zones

Chinese bond market officials announced on Tuesday that they will extend trading hours for interbank markets by three hours, as part of an effort to make it easier for global investors to participate in the country's bond market as global demand for Chinese bonds is on a steady rise.
Source: Global Times | 2020/9/15 23:09:25

China launches anti-subsidy probe on imports of US-made glycol ether

China launched an anti-subsidy probe on US-made glycol ether on Monday, two weeks after it launched an anti-dumping investigation on the imports, a move that shows China's attitude to maintain fair competition in the market while trading with the US, experts said.
Source: Global Times | 2020/9/14 16:23:40

China's farm produce trade deficit expands in Jan-July

China's agricultural products trade reported a deficit of 54.29 billion U.S. dollars in the first seven months of 2020, up 30.9 percent year on year, official statistics showed.
Source: Xinhua | 2020/9/12 23:27:54

China's top private firms see growth in 2019

The latest rankings for China's 500 largest private enterprises came out Thursday, with the companies registering an overall growth in 2019.
Source: Xinhua | 2020/9/11 13:19:48

Mongolia's donation of 30,000 sheep to China proceeds in an orderly way

Mongolia's donation of 30,000 sheep to China has been proceeding in an orderly manner, according to a news release by the Ministry of Commerce on Thursday.
Source: Global Times | 2020/9/10 18:48:42

China imports $219 billion semiconductor microchips in first 8 months

China's integrated circuit or semiconductor microchip imports in the first eight months this year saw a steady increase with the rapid recovery of market demand.
Source: Global Times | 2020/9/10 17:40:45

China-US phase one trade deal on track, farm purchases continue

The phase one trade agreement between China and the US seems to be on track, as China continues to purchase more US agricultural products, even as bilateral tensions in a wide range of areas continue to worsen.
Source: Global Times | 2020/9/9 21:12:49

US stock rout is linked to Trump administration's technology war

The US stock market's recent rout is in part linked to the Trump administration's escalating technology war with Beijing, a Chinese stock analyst said on Wednesday, after the NASDAQ officially entered correction territory, having lost more than 10 percent in the past three sessions and suffering its worst week since March.
Source: Global Times | 2020/9/9 19:48:40

China eases rules for exporters to sell goods domestically

China's top market regulator said on Tuesday that it has taken steps to relax regulations to make it easier for export-oriented companies to sell their products in the domestic market, in a bid to help companies cope with declines in global trade due to the COVID-19 pandemic.
Source: Global Times | 2020/9/8 20:42:44

Greater opening-up predicted for China's aviation market

There's more to expect from China's aviation market, not only its peer-surpassing domestic recovery, but a deregulation of the market to enable greater access for foreign businesses. The views were expressed by government officials, industry executives and market watchers during an aviation forum on Tuesday at the ongoing China International Fair for Trade in Services (CIFTIS) in Beijing.
Source: Global Times | 2020/9/8 18:34:06

Semiconductor shares surged at prospect of China's possible development plan

Chip and semiconductor-related shares opened and closed higher on Monday - with several shares rising by the daily limit and extending Friday's gains - buoyed by media reports that the development of the third-generation semiconductor industry will be included in China's 14th Five-Year Plan (2021-2025).
Source: Global Times - AFP | 2020/9/7 17:51:21

China to expand the scope of eligible securities for trade under stock linkups as part of financial opening-up

The securities regulator pledged to encourage overseas securities, funds and futures institutions to expand their footprints in the Chinese market and support domestic financial institutions in exploring overseas opportunities.
Source: Global Times | 2020/9/6 13:32:16

Taiwan's attempt to restructure global supply chains with the US won't work: analysts

The US-Taiwan Business Council (USTBC) has held a virtual discussion on enhancing the supply chain between the US and the Island of Taiwan on Wednesday.
Source: Global Times | 2020/9/4 17:32:48