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Chinese market wrap-up for US stocks

Chinese stocks closed slightly lower on Friday, with the flagship Shanghai Composite Index shedding 0.08 percent to close at 3,092.29 points. The Shenzhen Component Index dropped 0.17 percent to 10,879.84 points, and the ChiNext posted losses of over 0.47 percent.
Source: Global Times | 2020/1/10 20:58:40

97 pct of CFOs predict US economic downturn in 2020: survey

Ninety-seven percent of chief financial officers (CFOs) at North America's big companies say some form of US economic downturn could come by the end of 2020, according to a new survey released Thursday.
Source: Xinhua | 2020/1/10 11:04:12

Internet nonprofit leaders fight deal to sell control of .org domain

A group of prominent internet pioneers is mobilizing to block the $1.1 billion sale of control of the .org internet domain, arguing that the takeover by a newly formed private company would hurt the millions of nonprofits that rely on it.
Source: Reuters-Global Times | 2020/1/9 22:28:41

Around the world

A subsidiary of China's construction giant China Railway Construction Co (CRCC) won an overseas infrastructure project for a double-track tram line in Colombia, including design, construction and operation.
Source: Global Times | 2020/1/9 22:08:42

Figuratively Speaking

Beef imported by China from Brazil in 2019, up 53.2 percent year-on-year, chinanews.com reported
Source: Global Times | 2020/1/9 22:03:40

Soaring deliveries

A new round of industrial layout competition by giant companies is helping fuel the flight of China's air cargo market.
Source: Xinhua-Global Times | 2020/1/9 21:58:40

Chinese business flight platform sees surging customers amid weak global market

Business jet movements and private flights have been seeing promising prospects in China in 2019, with surging customers and more high-end tailored services despite the global market undergoing mounting pressure, according to an annual industry report.
Source: Global Times | 2020/1/9 21:48:40

IBM announces quantum computing progress at CES2020

IBM, one of the world's frontrunners in the quantum computing sector, announced progress both in computing power and partnership expansion at the Consumer Electronics Show (CES) in Las Vegas on Wednesday (US time).
Source: Global Times | 2020/1/9 21:18:42

CPI for 2019 within target

China's consumer price index (CPI) was below the 3 percent target for 2019 and remained stable in December as pork prices leveled out, the National Bureau of Statistics (NBS) said on Thursday.
Source: Global Times | 2020/1/9 21:13:41

Alibaba undercuts Amazon in Europe

After years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with direct knowledge of the matter said.
Source: Reuters | 2020/1/9 20:58:40

US to stop calling China currency manipulator as yuan edges up: experts

The US is likely to retract its labeling of China as a currency manipulator soon as the yuan has demonstrated an evident appreciation in recent days and the countries move to settle their trade dispute, exchange rate experts said on Thursday.
Source: Global Times | 2020/1/9 20:31:23

China's oil, gas market set for full opening

China will fully open its petroleum and natural gas exploration and development market, allowing more private and foreign firms to enter the sector, in a move to increase energy supply capacity amid rising tensions in the Middle East.
Source: Global Times | 2020/1/9 20:08:40

China market news daily wrap-up

Chinese mainland shares recouped their losses on Thursday from the previous day, with the flagship Shanghai Composite Index rising 0.91 percent, or 27.99 points to close at 3,094.88 points. The Shenzhen Component Index closed up 1.79 percent, or 191.3 points, at 10,898.17 points and the ChiNext index soared 2.71 percent to end above 1,900 points.
Source: Global Times | 2020/1/9 19:23:40

Chinese battery producers deny patent infringement allegation from German firm

Two Chinese battery producers on Thursday strongly denied an allegation of patent infringement made by German battery maker Varta. Industry analysts said that the accusation is ungrounded and Chinese battery production technology is more advanced than that of European countries.
Source: Global Times | 2020/1/9 18:53:41

Yuan soars amid heightened geo-political tensions

The onshore yuan has skyrocketed despite growing geo-political tensions, triggering comments from market watchers that the US should retract its labeling of China as a currency manipulator.
Source: Global Times | 2020/1/9 11:56:18

Gov't departments, SOEs to meet overdue payments to smaller private companies as much as possible before the end of 2020

The State Council executive meeting chaired by Premier Li Keqiang Wednesday made arrangements for ensuring that government departments and state-owned enterprises (SOEs) clear their arrear payments to private firms and small and medium-sized enterprises, and required that resolute efforts be made to see the work through.
Source: Xinhua | 2020/1/9 10:59:28

China to fully open oil and gas exploration, exploitation market: authorities

China to fully open oil and gas exploration, exploitation market: authorities
Source: Global Times | 2020/1/9 10:42:07

China's CPI hits 4.5% in Dec, stabilizing as pork-price growth levels

China's year-on-year growth in its consumer price index (CPI) was recorded at 4.5 percent in December, the same as in November and in line with market expectations, according to data released by the National Bureau of Statistics (NBS) on Thursday.
Source: Global Times | 2020/1/9 10:38:59