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China's CPI rises 2.9 last year

China's CPI rose 4.5 percent y-o-y in December and 2.9 percent annually. PPI down 0.5 percent y-o-y in December, according to NBS.
Source: Global Times | 2020/1/9 9:50:05

Chinese airlines cancel, re-route flights around Iran amid rising security concerns

Major Chinese airlines on Wednesday decided to cancel direct flights to Iran or re-route other flights to avoid the airspaces of Iran and Iraq, citing security concerns after the crash of a passenger jet in the Iranian capital of Tehran and Iran's missile strike at US bases in Iraq.
Source: Global Times | 2020/1/8 21:52:26

Powerful holiday ahead

Workers overhaul electricity equipment in Luocheng Mulao autonomous county, South China's Guangxi Zhuang Autonomous Region on Wednesday. Staff from China Southern Power Grid are busying checking for defects to ensure a safe and smooth power supply during the upcoming Spring Festival. Photo: cnsphoto
Source: Global Times | 2020/1/8 21:48:40

Czech govt will follow principles of transparency, fairness on Huawei's 5G

The government of the Czech Republic will take a fair and transparent stance on Huawei, a senior Czech diplomat told the Global Times in an exclusive interview on Wednesday.
Source: Global Times | 2020/1/8 21:23:40

Foxconn refutes report on India plans

Foxconn Technology Group, the world's largest contract manufacturer of consumer electronics, has refuted a media report about the cancellation of its Indian investment, according to a company statement, but analysts noted that challenges persist for India's manufacturing upgrade.
Source: Global Times | 2020/1/8 21:13:40

A Transcontinental Friendship

Chinese State Councilor and Foreign Minister Wang Yi started paying official visits throughout Africa Tuesday for his first foreign trip in 2020, marking the 30th consecutive year since 1991 that a Chinese foreign minister has visited Africa at the start of every year.
Source: Xinhua-Global Times | 2020/1/8 21:03:40

China market news wrap-up for US stocks

The gains in Chinese mainland stocks faltered on Wednesday, with the key Shanghai Composite Index shedding 1.22 percent, or 37.91 points, to close at 3,066.89 points. The Shenzhen Component Index and the ChiNext index both posted losses of over 1 percent.
Source: Global Times | 2020/1/8 20:53:41

Figuratively Speaking

Growth of GDP in Shenzhen, South China's Guangdong Province, in 2019, up around 7% year-on-year, reported.
Source: Global Times | 2020/1/8 20:48:40

Morocco eyes agriculture cooperation with China

Morocco is eying agriculture cooperation with China, and it will provide opportunities for Chinese agricultural entrepreneurs and investors to do business in the country, Moroccan officials said in Beijing on Wednesday.
Source: Global Times | 2020/1/8 20:38:40

Gold surge sparks selling spree

Gold prices hit a seven-year high on Wednesday amid a drastic escalation of tensions between the US and Iran, but short-term gains alone can't trigger Chinese investors' enthusiasm, analysts said.
Source: Global Times | 2020/1/8 20:23:40

China's CNPC 'has no plans' to recall staff from Iraq oil projects yet: source

China National Petroleum Corp (CNPC), one of the leading oil companies in the world, had no plans to pull staff from its oil projects in Iraq despite rising tensions in the region, a source close to the company told the Global Times on Wednesday.
Source: Global Times | 2020/1/8 19:01:37

HKEX remains as world's top IPO market

Hong Kong Exchanges and Clearing Limited (HKEX) topped the world's IPO league table for a second straight year in 2019, also the seventh time in the last 11 years.
Source: Xinhua | 2020/1/8 14:04:30

China's hog production recovers in December 2019: ministry

China's hog production saw recovery in December 2019, with the percentage of pigs available for slaughter up 14.1 percent from November, said Yu Kangzhen, deputy head of the Ministry of Agriculture and Rural Affairs, on Wednesday. December marked China's first rise in hog production since August 2019.
Source: Global Times | 2020/1/8 13:01:04

Gold price skyrockets to 7-year high amid concerns over possible US-Iran war

Gold prices hit a seven-year high on Wednesday following an escalation of tensions between the US and Iran.
Source: Global Times | 2020/1/8 12:18:40

Figuratively Speaking

China's foreign reserves at the end of December 2019, up 0.4% from November.
Source: Global Times | 2020/1/7 22:03:40

Chinese fintech firms flock to Singapore

Chinese financial services providers are flocking to Singapore to offer banking services for both retail and wholesale customers, as one of Asia's major financial hubs opens up the sector.
Source: Global Times | 2020/1/7 21:18:40

Australian beef 'rip-off' should lead to blacklist: experts

Australian beef exporters whose price volatility may disturb the Chinese market should be put on a blacklist, experts said on Tuesday. Given the background of pork price rises in China, foreign meat producers are expected to charge reasonable prices to Chinese buyers instead of driving deals at exorbitant prices, the experts said.
Source: Global Times | 2020/1/7 21:08:40

Western retailers set to tap Chinese consumption power in 2020: Nielsen exec

More big-name Western retailers are expected to set up more outlets in China to tap the burgeoning spending power of the nation's consumers, a senior executive at data analytics company Nielsen said on Tuesday.
Source: Global Times | 2020/1/7 21:03:40