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Mainland markets become economy's backbone as capitalization surges

Becoming the world's second-largest stock market in terms of capitalization, the share markets in Shanghai and Shenzhen have together become a backbone of the Chinese mainland's economy, and they are becoming more accommodative and resilient amid ongoing financial reforms, experts told the Global Times.
Source: Global Times | 2020/12/1 19:58:21

China poised to build unified national trading system

With a handful of pilot carbon markets beginning to take shape, China is poised to build a unified national market for emissions trading, a pivotal step in reaching the nation's carbon-neutral goal before 2060.
Source: Global Times | 2020/12/1 19:53:40

Chinese experts cautiously optimistic on China-US trade relation following Biden's economic picks

As US President-elect Joe Biden's economic team takes shape, Chinese experts have taken a cautiously optimistic attitude toward future China-US economic and trade relationship, believing that continuous US containment will endure despite scope for greater bilateral cooperation.
Source: Global Times | 2020/12/1 11:51:54

Demand for Australian coal set to fall in China in 2021

Australia's coal exporters are likely to miss a windfall from China's recovering coal demand in 2021 and the quantity of Australian coal shipments to China reached the lowest point in history in November, analysts and industrial insiders told the Global Times on Sunday.
Source: Global Times | 2020/12/1 3:20:23

China to deepen cooperation with ASEAN in digital economy: FM

The closing ceremony of the 17th China-ASEAN Expo (CAEXPO) was held on Monday. The CAEXPO is a further step in cooperation between China and members of the Association of Southeast Asian Nations (ASEAN), which will promote regional economic recovery, said a Chinese Foreign Ministry spokesperson on Monday.
Source: Global Times | 2020/11/30 22:08:03

China's cyber security industry to exceed 170 billion yuan in 2020

China's cyber security industry is expected to exceed 170 billion yuan ($25.8 billion) in 2020, doubling the value of the sector recorded for 2015 with the annual growth rate outpacing international average, said Zhao Zhiguo, director of Cyber Security Administration of the Ministry of Industry and Information Technology (MIIT) on Monday.
Source: Global Times | 2020/11/30 18:03:42

China completes quarantine protocols of phase-1 trade deal with US: official

Chinese customs has completed quarantine protocols, covering 37 inspections of US animal and plant products agreed under the China-US phase one trade agreement, a Chinese official said on Monday, highlighting China's commitment to carry out the deal despite the COVID-19 pandemic and tense bilateral relations.
Source: Global Times | 2020/11/30 15:25:14

Inspection tasks on agriculture, animal and plant products under phase-one trade agreement with the US completed: Chinese customs

Inspection tasks on agriculture, animal and plant products under phase-one trade agreement with the US completed: Chinese customs
Source: Global Times | 2020/11/30 14:19:09

China's factory activity, non-manufacturing sector hit year high in November

The recovery of China's factory and non-manufacturing activities continued to accelerate at pace in November, as economic indicators hit record highs for the year.
Source: Global Times | 2020/11/30 9:43:32

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