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China asks the Netherlands to treat Huawei, supply of EUV lithography, fairly

China's Ministry of Commerce suggested the Netherlands to take a fair, transparent and open stance towards Huawei's 5G and supply of its EUV lithography machines, and try to promote liberalization of global trade and investment.
Source: Global Times | 2020/12/17 10:53:40

BioNTech to supply 100 million doses of the COVID-19 vaccine for Chinese mainland in 2021: Fosun Pharma

Chinese pharmaceutical company Fosun Pharma, partner of German vaccine producer BioNTech's vaccine BNT162b2 announced on Wednesday it signed supply order with BioNTech Manufacturing, and will supply no less than 100 million doses of COVID-19 vaccine product for Chinese mainland in 2021.
Source: Global Times | 2020/12/16 11:46:19

Sales of duty-free shops in Hainan likely to exceed $4 billion in 2020

Duty-free sales of offshore shops in South China's Hainan Province are expected to exceed 26 billion yuan ($3.97 billion) this year, and total sales including products that are taxed could surpass 31.5 billion yuan, according to the commerce department of Hainan on Tuesday.
Source: Global Times | 2020/12/15 21:03:40

Tourism in Sanya not affected by coronavirus concerns

Online travel agencies have so far not seen a big impact from recent COVID-19 cases in Sanya, South China's Hainan Province, as local authorities continue monitoring possible contacts.
Source: Global Times | 2020/12/14 22:45:52

No companies 'above the law' as China plans new listing, delisting rules

The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange on Monday called for public opinion on revised listing and delisting rules, adding a delisting evaluation indicator of defects in information disclosure and standardized operations.
Source: Global Times | 2020/12/14 22:27:33

Alibaba and two other Chinese firms fined 1.5m yuan for unreported acquisitions based on anti-monopoly law

Alibaba Investment Limited, China Literature, and Hive Box were fined 1.5 million yuan ($229,500) in total due to a series of unreported acquisition cases according to Anti-monopoly Law: State Administration for Market Regulation
Source: Global Times | 2020/12/14 13:02:31

Manzhouli to implement cold-chain food purchase restrictions

Group purchases of cold-chain food in Manzhouli, North China's Inner Mongolia Autonomous Region, must be reported for further investigation, and local citizens are advised to avoid purchasing cold-chain food online, according to a post from the official WeChat account of the Manzhouli government on Sunday.
Source: Global Times | 2020/12/13 15:38:40

Hong Kong to receive COVID-19 vaccines in January: SAR government

Chief Secretary for Administration of Hong Kong SAR Cheung Kin-chung said in an official government blog on Sunday that the first batch of vaccines for COVID-19 will arrive in Hong Kong next month.
Source: Global Times | 2020/12/13 12:28:40

Christmas decorations exported from China face delays due to shipping bottleneck

Christmas is just around the corner, but you may be wondering why festive trees and decorations are taking a little longer to arrive on your doorstep.
Source: CGTN | 2020/12/12 22:23:37

Latin American countries eye Chinese market to boost tourism after COVID-19 impact

Some Latin American countries are now turning to the Chinese market to seek a recovery in tourism in their countries in the post COVID-19 period, after the industry suffered a massive hit globally from strict lockdowns and business suspension as well as domestic and international travel restrictions.
Source: Global Times | 2020/12/11 23:25:52

China-EU deal expected before year's end, as trilateral game with US intensifies on trade and diplomacy

The 35th round of negotiations for the China-EU investment agreement – a landmark deal closely binding the economic interests of China and Europe – concludes on Friday and is expected to be signed at the end of 2020 before Joe Biden formally takes his oath as US president in January.
Source: Global Times | 2020/12/11 11:08:49

Chinese 'mystery box' maker Pop Mart sees shares soar 100% on debut

Chinese "mystery box" maker, Pop Mart, saw its share price pop more than 100 percent on its debut day Friday, after its stocks started floating in the Hong Kong stock market, raising $676 million in its initial public offering (IPO).
Source: Global Times | 2020/12/11 17:11:27

Shanghai's Yangshan port processing 4 million TEUs in first 11 months

The handling capacity of Shanghai's Yangshan automated piers are expected to exceed 4 million twenty-foot equivalent units (TEU), or standard containers a year, revealed data released by the Maritime Safety Administration (MSA) of Yangshan Port.
Source: Global Times | 2020/12/10 17:23:40

Australian wine faces further duties as China imposes anti-subsidy and anti-dumping tariffs

China's new anti-subsidy tariffs and previously imposed anti-dumping tariffs could deal a destructive blow to Australian wines' future in the Chinese market and cause a glut in Australia, Chinese wine importers and industry experts said on Thursday.
Source: Global Times | 2020/12/10 16:23:26

Rumor of Japanese companies line up to withdraw from China is not true: MOFCOM

Spokesperson of China's Ministry of Commerce Gao Feng said on the regular press conference on Thursday that the rumor of a large number of Japanese companies is lining up to withdraw from the Chinese market is "totally unfounded."
Source: Global Times | 2020/12/10 16:08:40

China's grain yield has remained above 650 billion kg for six consecutive years: National Bureau of Statistics

China's grain yield was equal to 1.339 trillion jin (669.5 billion kilograms) in 2020, 11.3 billion jin (565 million kilograms) more than previous year, a y-o-y increase of 0.9 percent according to the data from National Bureau of Statistics released on Thursday.
Source: Global Times | 2020/12/10 11:23:46

China imposes anti-subsidy tariffs on Aussie wine starting Dec 11

China's Ministry of Commerce said it would impose anti-subsidy tariffs on Australian wine on Friday – nearly two weeks after China imposed anti-dumping tariffs against Aussie wine.
Source: Global Times | 2020/12/10 10:18:42

Chinese official refutes Aussie claims of undermining FTA

Australia's claim that China undermines the free trade agreement between the two economies shows that the former is trying to politicize bilateral trade while imposing barriers to normal trade, Chinese experts said on Wednesday.
Source: Global Times | 2020/12/9 20:43:40