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US' crackdown on Chinese transshipment via Vietnam has no practical significance: analyst

Moves by the US to increase pressure on Vietnam, an emerging Southeast Asian manufacturing hub, over its transshipment role for Chinese-made goods, have no practical significance, and if this practice is halted, all parties will lose, analysts told the Global Times.
Source: Global Times | 2020/11/23 20:13:40

Update: China backs developing-world debt relief

The G20 is expected to endorse a plan to extend a debt-servicing moratorium for poor and highly indebted economies in the developing world by six months to mid-2021, said a draft G20 communique, as the coronavirus pandemic has hit the most vulnerable nations in the world hardest.
Source: Global Times | 2020/11/22 21:23:33

US-Taiwan semiconductor deal a political show: experts

Taiwanese authorities is putting their key supply chains at risk by following the US government blindly in trying to set up a unilateral one-way route of supply chain, which serves the US' ill intention to contain the Chinese mainland, the world's largest and fastest- growing electronics market.
Source: Global Times | 2020/11/22 20:13:40

Guangzhou to set up futures exchange to serve real economy

The Guangzhou Futures Exchange has been approved by the State Council and is expected to go into operation within this year, said Chen Zhiying, executive deputy mayor of Guangzhou at the International Finance Forum 2020 Annual Meeting (F20 Summit) on Saturday.
Source: Global Times | 2020/11/22 19:53:40

China's Q3 bike exports exceed $1b, a record high since 1995

China's bike industry has seen a gross merchandise volume exceeding 100 percent growth year-on-year for the past six consecutive months, with October alone rising even more significantly at 220 percent, latest statistics that Alibaba.com sent to the Global Times showed.
Source: Global Times | 2020/11/22 16:47:17

Hong Kong eyes for an early RCEP membership to boost its economy

The Financial Secretary of Hong Kong Special Administrative Region, Chan Mo Po, penned an article posted on the official website of Hong Kong Financial Secretary that Hong Kong will strive to join the first batch economies after the RECP agreements take effect.
Source: Global Times | 2020/11/22 16:28:12

China greenlights three sci-tech innovation IPOs

China's securities regulator has approved the initial public offering (IPO) registration of three companies on the science and technology innovation board.
Source: Xinhua | 2020/11/22 9:31:55

China's interest in CPTPP membership seen as a chance to ease Sino-US tensions

China's bold decision to consider joining a massive Asia-Pacific trade agreement shows the country's intent to seek higher-level opening up, a move which would breathe new life into free trade at a time when many countries are trying to shift away from the US-initiated penchant for protectionism in order to save their pandemic-stricken economy.
Source: Global Times | 2020/11/21 21:27:07

China and US should negotiate BIT after Joe Biden takes office: analysts

China and the US should work together to negotiate a Bilateral Investment Treaty (BIT) after president-elect Joe Biden takes office, said economists and analysts, amid China's ongoing push for greater opening-up and post-virus global economic recovery which needs closer cooperation among major powers.
Source: Global Times | 2020/11/21 16:13:13

Post-90s generation in China become main consumers of anti-hair-loss products

A growing number of young Chinese people are anxiously discovering that they are starting to go bald earlier than their parents. A new survey found that the post-90s generation has become an important consumer of wigs and hair transplants.
Source: Global Times | 2020/11/20 2:19:23

China-Malaysia trade, investment to grow

Many changes are expected following the signing of the world's largest free trade agreement — the Regional Comprehensive Economic Partnership (RCEP) — including more trade between China and Malaysia, and broad restructuring of Asian supply chains, government officials from China and Malaysia said during the Malaysia-China Business Forum on Wednesday.
Source: Global Times | 2020/11/19 20:14:39

China's carbon neutrality to accelerate global green push

China's carbon neutrality goal is set to advance global schedule, said Chinese climate experts at a virtual meeting on Thursday.
Source: Global Times | 2020/11/19 17:13:41

China adopts new steps to bolster consumption, facilitate Internet Plus Tourism

China will introduce new measures in boosting consumption in commodities and key sectors, and tapping rural consumption potential, according to the State Council, or the cabinet.
Source: Xinhua | 2020/11/19 13:30:57

Tariffs, uncertainties prompt decline in US exports to China: study

Tariffs and an uncertain business environment have prompted precipitous declines in U.S. exports to China over the past two years, but China remains a top market for U.S. exporters, according to a study released Wednesday by the U.S.-China Business Council (USCBC).
Source: Xinhua | 2020/11/19 13:15:46

Xi reassures global business leaders of China's commitment to wider opening-up at APEC CEO Dialogues

Chinese President Xi Jinping on Thursday reassured global businesses that China will continue to open up its market and share more opportunities for common development with other countries, despite growing risks and uncertainties brought about by rising unilateralism, protectionism and bullying practices.
Source: Global Times | 2020/11/19 11:52:33

China will not seek “decoupling” nor engage in building a closed circle excluding other countries: Xi

China will not seek "decoupling" or engage in building a closed circle excluding other countries, Chinese President Xi Jinping said at APEC CEO Dialogue on Thursday.
Source: Global Times | 2020/11/19 10:57:07

Tsinghua Unic's HK-listed bond trading suspended after guarantor's debt default

Tsinghua Unic Ltd announced Wednesday the suspension of trading of three of its Hong Kong-listed bonds after guarantor Tsinghua Unigroup Co defaulted on bonds valued at 1.3 billion yuan ($198 million) matured Monday, stoking concerns that a corporate bond problem is afoot.
Source: Global Times | 2020/11/18 22:43:12

China sticks to own rules regarding Boeing 737 Max back to service: Regulator

China will stick to its previously-set rules after the US Federal Aviation Administration (FAA) approved Boeing to fly the once-problematic 737 MAX jet again, the Civil Aviation Administration of China (CAAC) told the Global Times on Wednesday.
Source: Global Times | 2020/11/18 22:01:16