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China's anti-dumping duties devastating to Australian wine brewers

Australian wine producer Treasury Wine saw its shares drop another 12 percent on Monday, after China imposed temporary anti-dumping measures last Friday.
Source: Global Times | 2020/11/30 11:37:14

Mainland companies may lose interest in IPOs, but room for talks under Biden

There's massive room for maneuvering in how the US will treat Chinese mainland-based companies listed there under a new bill, which the US House of Representatives will vote on soon, experts said. If passed, many Chinese companies will be reluctant to seek listings or remain listed on US stock markets, but analysts also anticipate room for negotiations, as the Biden administration would likely ease the crackdown on Chinese companies.
Source: Global Times | 2020/11/29 21:28:40

Regional cooperation key for revival

Tropical fruit from Southeast Asian countries was rarely seen in China a decade ago, but now durian from Thailand and mangosteen from Malaysia are regular products for Chinese consumers. Meanwhile, Chinese smartphone brands used to be strange names to users in ASEAN countries, but are now popular choices there.
Source: Global Times | 2020/11/29 17:23:40

HK firms eye bigger presence in markets of Chinese mainland and ASEAN countries

In face of the coronavirus assault and pressure from the West, some Hong Kong firms now strive to deepen their tiess with the Chinese mainland market while also paying more attention to the emerging Southeast Asia's market.
Source: Global Times | 2020/11/28 18:09:59

China's six largest banks suspend opening new accounts in precious metal trading

China's six largest banks including Industrial and Commercial Bank of China (ICBC) and Bank of China each issued a notice on Friday to suspend in the opening of new accounts in precious metal trading due to increased price volatility on international precious metals market and increased risks for individual clients trading in precious metals.
Source: Global Times | 2020/11/28 12:40:12

Shanghai replaces London as world's largest travel hub: IATA

The coronavirus pandemic has reshuffled the international air travel market, and Shanghai has replaced London as the world's largest hub, the latest report released by the International Air Transport Association (IATA) showed.
Source: Global Times | 2020/11/28 3:16:43

Anti-dumping on Aussie wine not 'trade war,' but Canberra urged to 'grow up' or face more pain

China announced on Friday it would raise tariffs on Australian wine to 212 percent as a temporary anti-dumping measure, a decision that Chinese experts said was made in accordance with WTO regulations and not a shot for a so-called "trade war" with Australia amid deteriorating ties. Instead of staging a political performance or making "sweet talk," Canberra needs to grow up and reflect on its wrong deeds that damage bilateral ties, and make concrete moves for a better trade environment before it is too late.
Source: Global Times | 2020/11/27 20:05:44

Profits of China's major industrial firms up 28.2% y-o-y in Oct

Profits from designated industrial companies in China increased 28.2 percent year-on-year in October, up 18.1 percentage points compared to the previous month. Total profits in the first 10 months of the year inversed the previous downward trend and realized growth at 0.7 percent, official data showed.
Source: Global Times | 2020/11/27 12:53:40

The profits of industrial enterprises above the designated size in China in Oct increased 28.2% year-on-year.

The profits of industrial enterprises above the designated size in China in Oct increased 28.2% year-on-year.
Source: Global Times | 2020/11/27 9:40:43

EU to be self-sufficient in EV batteries by 2025

The European Union could produce enough batteries by 2025 to power its fast-growing fleet of electric vehicles (EV) without relying on imported cells, European Commission Vice President Maros Sefcovic said on Tuesday.
Source: Global Times - Reuters | 2020/11/26 18:48:40

China's central bank to conduct strict supervision on cash rejection

In response to a trend towards discriminating and exclusion of using cash, China will carry out centralized rectification of the rejection of cash and the formation of sustainable mechanisms, said Li Wei, director of Technology Department of People's Bank of China (PBC) on Thursday.
Source: Global Times | 2020/11/26 15:47:32

Concerns about export restrictions drive up rare-earth prices

Chinese export control law that will take effect starting on December 1 may include rare earth as a retaliatory measure responding to US sanctions over chip supplies targeting Huawei, experts said.
Source: Global Times | 2020/11/26 13:37:50

China's October US soybean imports up 200%, could continuously increase as goodwill gesture to incoming new administration: analyst

China soybean imports from the US have surged almost 200 percent year-on-year in October, as the phase-one trade deal moves forward.
Source: Global Times | 2020/11/26 13:07:52

CAS president lists technology 'bottlenecks' faced by country

China should enhance research and development of strategic sciences and technologies to support their independence and sustainability, said Bai Chunli, president of the Chinese Academy of Sciences (CAS), on the 17th caijing annual forum held on Monday.
Source: Global Times | 2020/11/25 17:17:02

Global COVID-19 QR code key to restart

One of China's distinct solutions to combat COVID-19 pandemic is setting up an international mechanism consisting of a QR health code as proposed by China's top leader over the weekend.
Source: Global Times | 2020/11/24 20:53:40

Consumers shun Black Friday as cargo-related virus cases rise

As retailers and e-commerce platforms are busy preparing for the Black Friday sale, Chinese consumers, who had an increasing role in the annual US shopping event last year, are holding back since freight-related COVID-19 cases have seen signs of rising.
Source: Global Times | 2020/11/24 19:38:41

HKEX mulls new platform to enhance mainland-HK stock connect program

Hong Kong Exchanges and Clearing (HKEX), operator of the Hong Kong stock market, announced on Tuesday that it plans to introduce Synapse, an integrated settlement acceleration platform underpinning growth of global investor access and participation in China's mainland equity market through the stock connect regime.
Source: Global Times | 2020/11/24 16:26:39

Pudong airport cargo operations not affected by COVID-19 cases

Despite new confirmed COVID-19 cases linked to cargo operations at the Shanghai Pudong International Airport, there has been no impact on operations – even as testing has been conducted on workers and a top medical expert on Monday called for the outer packaging of cargo to be disinfected.
Source: Global Times | 2020/11/23 21:09:51