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China's forex reserves score 4-month rising streak

China's foreign exchange reserves scored a four-month rising streak in July as the country made major progress in coordinating COVID-19 control and social and economic development.
Source: CGTN | 2020/8/8 22:47:06

Counterfeit masks were never exported to Canada: Chinese embassy

China's Embassy to Canada on Saturday asked Canada's health department to correct an advisory stating that a Shanghai-based masks supplier was selling counterfeit N95 masks in Canada, after an investigation showed the supplier's masks had not been exported to Canada.
Source: Global Times | 2020/8/8 12:08:05

India shoots itself in foot by ousting Chinese investors

As India pursues its economic “decoupling” with China by ousting Chinese internet firms, the South Asian country is moving toward a heavier reliance on US tech firms, and its market significance will wane, Chinese analysts said Thursday.
Source: Global Times | 2020/8/6 20:50:57

Financial institutions encouraged to set up headquarters in Shenzhen

The Shenzhen financial regulator has worked out 50 measures to push for co-development of the Guangdong-Hong Kong-Macao Greater Bay Area in the financial sector, a move that signals Shenzhen's determination to strengthen its financial industry to support regional development, analysts said.
Source: Global Times | 2020/8/6 19:23:40

Huawei to spend $360 million on optical industry

Huawei and its industry partners have released their "Starlight Plan," proposing on Wednesday to invest 2.5 billion yuan ($360 million) in the construction of an industry ecosystem for an all-optical network, or F5G (fifth-generation fixed communication network), in the next five years.
Source: Global Times | 2020/8/6 15:20:05

Apple to build a Chinese mainland-focusing supply chain: experts

Apple is likely to seek to construct a more China market-oriented supply chain in a bid to reduce risks of disruption stemming from the deterioration in China-US relations, industry experts said.
Source: Global Times | 2020/8/5 20:13:41

Europe unlikely to ban TikTok, needs the app to check US hegemony: analysts

European countries have expressed no intention of banning TikTok, by following the US' crackdown on the Chinese video-sharing app, a move analysts said is in line with the interests of Europe to counter the long-time hegemony of the US.
Source: Global Times | 2020/8/5 18:28:41

Gold price hitting over $2,000 an ounce, helped by aggressive monetary easing

The gold price continued to surge Wednesday after hitting a record $2,000 an ounce Tuesday, as investors seek for safe-haven assets amid the coronavirus pandemic and US-China tensions, experts said.
Source: Global Times | 2020/8/5 17:43:40

Iron ore futures edge higher following improved port capacity

Iron ore futures closed higher at the Dalian Commodity Exchange on Tuesday.
Source: Global Times | 2020/8/5 16:58:40

Chinese mainland contributes biggest share in Philippines' June total external trade

The Chinese mainland contributed the biggest share in the Philippines' total external trade in goods in June 2020, the Philippine Statistics Authority (PSA) said on Wednesday.
Source: Xinhua | 2020/8/5 13:27:28

China introduces new policies to support integrated circuit industry

The State Council has issued a new document outlining new policies to support the development of the integrated circuit industry. New policies and measures will be put forward in eight areas, including taxation, investment, research and development, and imports and exports.
Source: Global Times | 2020/8/5 9:58:58

US 'robbery' of TikTok angers Chinese hi-tech companies

Chinese tech companies entangled in the ever increasingly nasty crackdown waged by the US' Trump administration are mulling to act proactively, the Global Times learnt, with public anger growing on both sides of the Pacific, as the drama of the US forcing the sale of the hugely popular Chinese short-form video platform TikTok morphed one step closer to daylight robbery over the weekend.
Source: Global Times | 2020/8/3 23:23:40

TikTok ban extension of US economic, political assaults

Following a string of acts against Chinese companies ranging from Huawei to those listed on US stock exchanges, the Trump administration is now targeting TikTok, the short-form video app owned by a Beijing-based tech company, saying that they would ban its operations in the US.
Source: Global Times | 2020/8/2 20:08:38

TikTok US says it's 'not going anywhere' in face of pending US ban

"We're not going anywhere", Vanessa Pappas, general director of TikTok US, said in a video posted to twitter on Saturday, as uncertainties loom over the app's future, including a threat made on Friday by the US President Donald Trump to ban TikTok in the US.
Source: Global Times | 2020/8/2 10:37:04

China, South Korea to push for FTA talks, RCEP signature

China and South Korea agreed on Saturday to push forward free trade agreement (FTA) negotiations and the
Source: Global Times | 2020/8/1 21:23:26

China moves to cut costs for enterprises

Chinese authorities have issued a circular to further cut costs for enterprises to help them tide over the COVID-19 pandemic.
Source: Xinhua | 2020/8/1 19:59:07

400th China-Europe freight train leaves for Madrid

A freight train left Yiwu, East China's Zhejiang Province for Madrid, Spain on Friday, carrying 100 containers of daily commodities and personal protective equipment (PPE), marking the 400th freight train running on the China-Europe freight railway this year.
Source: Global Times | 2020/7/31 22:52:18

German defense supplier Hensoldt prepares for September IPO: sources

Buyout group KKR is preparing for a September stock market listing of Hensoldt in a deal potentially valuing the German defense supplier at 2.5-3 billion euros ($2.9-$3.5 billion), including debt, people close to the matter said.
Source: Reuters-Global Times | 2020/7/30 16:08:40