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US likely eases curb on supplies to Huawei, but not its 5G business

US is reportedly allowing sales of semiconductor chips to Huawei's non-5G businesses, which analysts claim will not address the major problem Huawei is now facing, particularly Huawei's 5G smartphones.
Source: Global Times | 2020/10/29 15:21:26

Yuan may rise further after counter cyclical factor phase-out

Despite a dropping mid-point reference rate on Wednesday, the yuan, riding a cycle of appreciation now, is likely to rise further in the long run since China has announced plans to phase out the counter-cyclical factor in its reference rate system, experts said.
Source: Global Times | 2020/10/28 19:23:42

Profit decline in China's industrial enterprises narrows

Total profit of industrial companies above designated scale in China in the first nine months of the year dropped 2.4 percent year-on-year, according to the National Bureau of Statistics (NBS) on Tuesday, narrowing 2 percentage points from the decline during the January to August period.
Source: Global Times | 2020/10/27 12:51:08

China's Hainan sees more market entities

Southern China's island province of Hainan saw an increase in the number of market entities in the first three quarters of this year, particularly after the release of a master plan for the Hainan free trade port.
Source: Xinhua | 2020/10/27 10:18:04

Officials vows to carry out institutional financial change

At a time when China is under the pressure of economic decoupling from the US government, and its own challenges arising from domestic economic structural upgrade, some top government officials stressed in recent days that the country will not only continue to open up financially, but also enhance the level of reform with a shift to "institutional opening."
Source: Global Times | 2020/10/25 20:23:40

Canton Fair boosts export, import and domestic sales

The 128th Canton Fair - formally known as the China Import and Export Fair - ended on Saturday after a successful online turnout, despite concerns over the global impact of the COVID-19 pandemic on trade shows.
Source: Global Times | 2020/10/25 17:28:41

Overseas investors' holdings of yuan bonds, stocks up 47%

Overseas investors have been increasing their holdings of Chinese bonds and stocks by 47 percent in the first three quarters in 2020, demonstrating unabated confidence in China's financial market, official data showed Friday.
Source: Global Times | 2020/10/23 15:13:04

Chinese gastronomes' wait for Mongolian sheep ends

First batch of 4,000 sheep donated by Mongolia have arrived at Erenhot, North China's Inner Mongolia Autonomous Region, on Thursday after passing 30-day quarantine.
Source: Global Times | 2020/10/22 17:07:57

China pledges to build open, transparent capital market system: regulator

China will put in place an open and transparent capital market system, keep its hands off matters that are not subject to regulation, and foster a healthy market ecosystem, the head of the country's securities regulator said Wednesday.
Source: Xinhua | 2020/10/22 12:03:51

Regulatory approval for Ant Group's Shanghai IPO clears path to create a Chinese rival to FAAMG

China's securities regulator announced Wednesday that it has green-lit fintech giant Ant Group's registration-based IPO in the STAR Market in Shanghai, clearing the path for the creation of a Chinese rival of the US tech super league, FAAMG.
Source: Global Times | 2020/10/21 23:33:47

Global brands eye China's biggest e-commerce shopping spree to boost sales

With China's biggest e-commerce gala, the Double Eleven (November 11), or the Single's Day, shopping spree approaching, international brands are seeing the shopping event as an important opportunity to boost their annual sales in one of the world's largest consumer markets.
Source: Global Times | 2020/10/21 18:18:41

China eyes world's biggest shopping spree amid pandemic

Just as new data highlighted China's solid economic recovery from COVID-19 and injected fresh confidence in consumers and businesses, Chinese online shopping platforms are rushing to prepare for what could be the world's biggest shopping spree this year, setting up the stage for the world still under a dark cloud from the pandemic to witness yet another miracle of the Chinese economy from the deadly virus.
Source: Global Times | 2020/10/20 20:11:04

Chinese customs clears 3,626 Australian cattle amid rising tensions

About 3,600 high-quality Australian cattle have entered China through Qinzhou Port, in South China's Guangxi Zhuang Autonomous Region last week – a move that signals ongoing trade between China and Australia despite foreign media's accusations that China is imposing “political revenge” through a trade ban.
Source: Global Times | 2020/10/20 13:05:51

China creates 8.98m urban jobs, meeting 99.8% of annual target

China has already met 99.8 percent of this year's target to create 9 million urban jobs in the first 9 months of 2020, a Chinese official has said on Monday, describing the country's job market as "stable."
Source: Global Times | 2020/10/19 15:38:40

China's stock market opens high on Monday with Q3 GDP report

China's stock market opened high on Monday as China released its Q3 GDP report, with the economic rebound sending the market toward its highest point in two years.
Source: Global Times | 2020/10/19 12:11:37

Chinese spying in Africa through infrastructure projects is 'groundless' accusation: Chinese embassy

Accusations that the Chinese government is spying in Africa are completely "groundless", according to the Chinese embassy in Ghana.
Source: Global Times | 2020/10/18 11:02:23

RCEP agreement to be inked in November: Thai ministry

Thailand's Ministry of Commerce said on Friday that the Regional Comprehensive Economic Partnership (RCEP) agreement is ready to be signed in November, and is expected to take effect in the second half of next year.
Source: Xinhua | 2020/10/17 9:08:13

Import expo shows trust in China's economy: expert

The upcoming third annual China International Import Expo (CIIE) is a demonstration of the confidence countries and enterprises have in the vitality of the Chinese economy after the country overcomes the COVID-19 pandemic, an expert said on Friday.
Source: Xinhua | 2020/10/17 8:28:43