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Mexican businesses see China as driving force for growth

Mexican business groups and enterprises are expressing high expectations for trade and investment in China and believe that bilateral business relations will further improve, despite the ongoing epidemic.
Source: Global Times | 2020/7/30 0:58:29

Apple sales surge 225% in Q2 in China

Apple was the fastest-growing smartphone maker in China in the second quarter, following price cuts of its latest iPhones during the mid-year shopping festival, according to research data.
Source: Global Times | 2020/7/29 22:48:40

Misjudgment of China-UK ties suggests grim prospects for British economy

With more evidence emerging about whether UK-based bank HSBC has played a role in the arrest of Huawei CFO Meng Wanzhou, criticism on the bank is growing in China – the bank's largest market.
Source: Global Times | 2020/7/29 17:48:42

Salmon is back in China

Restaurants and stores in China are putting salmon back on sale as consumer confidence picks up nearly two months after Beijing's second COVID-19 outbreak at the Xinfadi wholesale market, with some imported salmon dealers seeing up to 50 percent sales increases month-on-month in July.
Source: Global Times | 2020/7/29 17:28:40

Jin Liqun reelected president of AIIB, pledges to expand investments for tomorrow

The incumbent president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun has been elected for a second term, the chair of AIIB's Board of Governors announced on Tuesday.
Source: Global Times | 2020/7/28 19:41:03

China will take 'all measures necessary' after 11 Chinese entities added to US entity list: MOFCOM

China will take "all measures necessary" to safeguard the legitimate interests of Chinese businesses, the Ministry of Commerce (MOFCOM) said in response to the US' export restrictions on a list of 11 Chinese entities. The US has damaged the global trade order, MOFCOM said on Tuesday.
Source: Global Times | 2020/7/28 21:31:22

Foreign capital keeps flowing into A-shares

The trend of foreign capital flowing into Chinese mainland shares continues, an executive of New York-based index provider MSCI said Tuesday, downplaying concerns over net outflows from the A-share market amid recent wild fluctuations.
Source: Global Times | 2020/7/28 17:10:00

Gold production, consumption drop in H1 amid COVID-19 pandemic

China's gold output reached 217.8 tons in the first half of 2020, dropping 7.3 percent year-on-year, according to a report released by the China Gold Association (CGA) on Tuesday.
Source: Global Times | 2020/7/28 15:43:41

China boosts investment in key fields to buoy recovery

China has pledged more measures to scale up investments in key fields including the new type of urbanization and major projects as it logged a better-than-expected economic recovery.
Source: Xinhua | 2020/7/28 14:26:09

China's industrial profits rebound, pressure persists

Profits of China's major industrial firms rebounded in the second quarter (Q2) as business activities continued to pick up, but the recovery still faces uncertainties due to the global spread of COVID-19.
Source: Xinhua | 2020/7/28 14:20:30

Huawei vows to continue working with all Indian customers following revenue, personnel cut reports

In response to media reports claiming Huawei will slash revenue and personnel in India, Huawei told the Global Times in a statement on Tuesday that it does not comment on “market speculation,” adding that it will continue to “work closely with all customers in India.”
Source: Global Times | 2020/7/28 13:08:37

China, Singapore pledge to maintain unimpeded supply chain amid pandemic

Officials from China and Singapore on Monday affirmed their commitments to maintaining unimpeded supply chains and trade amid the COVID-19 pandemic, and agreed to safeguard globalization and stabilize the global supply chain.
Source: Global Times | 2020/7/28 12:40:19

Beijing attracts US-listed Chinese firms to come back home, amid worsening ties

Beijing Local Financial Supervision and Administration Bureau is reportedly planning to attract US-listed Chinese firms to return by coming up with supportive policies and carrying out pilots in the “New Third Board” or other bourses, after the Nasdaq tightened listing rules for Chinese firms due to the US' push for financial decoupling with China.
Source: Global Times | 2020/7/27 18:43:42

Record high gold price supports Chinese stocks to stage a gain Monday

A record high gold price has sent gold-related stocks on Chinese market soaring Monday due to rising risk aversion among the investors, after China and the US each closed a consulate of the other and as COVID-19 continues to wreak havoc.
Source: Global Times | 2020/7/27 17:38:40

Huawei's 5G technology to help power Gulf economies

Huawei Technologies is bullish about its business growth prospects in the Persian Gulf region despite facing intensifying attack from the US government, betting on the region's rapid 5G development in the coming years.
Source: Global Times | 2020/7/27 16:08:40

Nearly 80% of Dalian flights cancelled as more COVID-19 cases reported

A total of 412 – about 79.54 percent – of flights in and out Dalian, Northeast China's Liaoning Province have been cancelled as of 9:30 am on Monday, data from Flight Master showed.
Source: Global Times | 2020/7/27 11:57:31

Chinese A-share market opens higher; 32 select NEEQ firms open mixed on first trading day

The Chinese A-share market opened higher on Monday, with the Shanghai Composite Index inching up 0.19 percent to 3,202.84 points by 11:10 am. The Shenzhen Component Index was up 0.48 percent to 12,997.81 points, and the tech-heavy ChiNext board up 0.67 percent to 2,645.44.
Source: Global Times | 2020/7/27 11:43:39

China's cinemas reopen, attracting rising movie-goers

After cinemas in China were shut for six months due to the coronavirus epidemic, China's massive box office rebooted with hundreds of thousands of movie-goers heading to watch films at the cinemas last week.
Source: Global Times | 2020/7/26 20:43:40