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Shanghai ranks 6th globally in economic aggregate: report

Shanghai ranks sixth among cities globally in terms of economic aggregate, according to a report released on Friday at the ongoing China International Import Expo (CIIE).
Source: Xinhua | 2020/11/7 8:22:58

Rise of young spenders reflects China's consumption strength

Born to an ordinary family in Urumqi, capital of Northwest China's Xinjiang Uygur Autonomous Region, Sherry Guo was not a typical posh youngster featured in metropolis-themed dramas about China's dazzling urban lifestyles.
Source: Global Times | 2020/11/6 20:48:41

US rice enters Chinese market, on sale this month

The US has started to ship rice to China for the first time, as a leading multinational grain company revealed to the Global Times that the first batch of US-produced rice had been cleared and is set to hit markets later this month.
Source: Global Times | 2020/11/6 20:38:40

US voting curve-themed hoodies on sale on Taobao just after election

Before the White House claims a new master, Chinese clothing vendors have released products featuring the nail-biting US presidential election, with netizens praising Chinese manufacturers' sharp business sense.
Source: Global Times | 2020/11/6 19:38:40

First batch of US rice exports to China arrives, set to hit stores later this month

First batch of US rice exports to China arrives, set to hit stores later this month
Source: Global Times | 2020/11/6 18:28:14

China to further loosen foreign ownership restrictions on service sectors

Amid China's unswerving promotion of opening-up to the global market, China's Ministry of Commerce (MOFCOM) on Friday announced it will further loosen foreign ownership restrictions on service industries, including value-added telecommunications services, commercial services and other sectors, to facilitate the development of new forms of service trade.
Source: Global Times | 2020/11/6 17:08:40

China shares rally amid border opening-up commitment, close race in US presidential election

China's A-share market opens higher on Thursday amid a tough race in the US presidential election, with all three major indexes tensing upward.
Source: Global Times | 2020/11/5 11:50:23

China planning to boost holiday consumption

China will improve its holiday system, completely implement the paid leave system, and increase consumption during holidays, according to the full text of the proposals for the 14th Five-Year Plan (2021-25) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, which was released on Tuesday.
Source: Global Times | 2020/11/4 22:32:01

Diplomats in Shanghai discuss their preparation for third CIIE to take place amid epidemic

The third China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10 as scheduled despite the impact of COVID-19 outbreak. The Global Times interviewed 12 foreign diplomats in Shanghai about their preparation and expectations of the upcoming CIIE.
Source: Global Times | 2020/11/4 20:23:40

China lifts technology innovation to new national height

With technology self-reliance and basic scientific research capacity elevated to a national strategic level in a freshly released blueprint for China's development, Beijing is set to break through the Washington-led technology blockade in the coming years and become a leading player in many high-tech sectors such as semiconductors, artificial intelligence (AI) and quantum computing, observers said.
Source: Global Times | 2020/11/4 17:58:40

Chinese mainland stocks open slightly high amid US election

Chinese mainland stock market opened slightly higher on Wednesday as the counting of votes for the US presidential election began.
Source: Global Times | 2020/11/4 10:59:06

US brands flock to Chinese e-commerce platforms

US brands are accelerating their pace of opening online stores on China's e-commerce platforms in a bid to boost their business amid the resurgent coronavirus and ahead of China's annual global shopping festival.
Source: Global Times | 2020/11/4 2:55:40

Surging trade with US refutes some politicians' decoupling theory

Busy port, piling containers, autonomous vehicles helping load cargo … such scenes vividly reflect how China's quick recovery from the COVID-19 epidemic is serving the demand of the world.
Source: Global Times | 2020/11/3 22:13:40

Ant Group's Shanghai IPO put on hold

Tougher regulation on China's white-hot fintech business has arrived, after the Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO in the STAR Market, as regulators and the public debate the balance between financial innovation and risk control.
Source: Global Times | 2020/11/3 21:50:46

Hong Kong Stock Exchange announces to suspend Ant Group's listing

Hong Kong Stock Exchange announces to suspend Ant Group's listing
Source: Global Times | 2020/11/3 21:45:55

Non-dollar trade settlements between China, Russia hit new high

Non-dollar transactions in trade between China and Russia hit a record high in the first quarter of this year, driven by wider use of the yuan and the ruble, a report by Renmin University of China found, reflecting a new de-dollarization trend in the bilateral trade relationship that reduces costs.
Source: Global Times | 2020/11/3 20:53:40

IMF chief economist urges more fiscal stimulus to boost recovery amid global liquidity trap

Gita Gopinath, chief economist of the International Monetary Fund (IMF), on Monday urged policymakers to provide more fiscal stimulus to boost the recovery from the COVID-19 pandemic as the global economy is in a liquidity trap.
Source: Xinhua | 2020/11/3 11:26:20

Import expo means business for foreign firms

Preparations are in full swing for the third China International Import Expo (CIIE), scheduled to open on Wednesday in Shanghai, an imminent beacon of hope for foreign business community that's writing an enviable growth story in the world's second largest economy.
Source: Global Times | 2020/11/2 21:44:11