SOURCE >> Markets

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

RCEP ushers in a key period for global free trade

In stark contrast to the chaotic scenes of countries resorting to self-isolation and finger-pointing at the start of the COVID-19 outbreak earlier this year, major economies in the Asia-Pacific and around the world face a critical window of opportunity to cap this year of profound hardship by reaching much-needed breakthroughs in regional and global cooperation on trade and investment.
Source: Global Times | 2020/11/18 19:55:54

International copper futures to start trading in China

China will expand the opening-up of its commodities markets by allowing overseas investors to trade copper futures on the Shanghai International Energy Exchange of the Shanghai Futures Exchange, starting from Thursday.
Source: Global Times | 2020/11/18 19:00:38

Huawei says Honor sale will not affect its net assets, solvency

Selling Honor's assets aligns with the internal decision-making process of Huawei, and will not cause a decrease in the firm's combined net assets, nor it will have any major impacts on company solvency, Huawei said in a statement on Wednesday.
Source: Global Times | 2020/11/18 18:43:40

With a stronger currency, Chinese exporters' profits feel pinch

Chinese exporters are starting to feel a pinch on their profitability as the yuan continues to appreciate. The currency's central parity rate soared to a nearly 29-month high on Wednesday against the US dollar.
Source: Global Times | 2020/11/18 18:41:39

BRI progressing well despite COVID19 headwinds: FM

China's Belt and Road Initiative (BRI) progress has showed strong resilience despite coronavirus-caused headwinds, the Foreign Ministry said on Wednesday, announcing that China has signed 201 BRI cooperation documents with 138 countries and 31 international organizations.
Source: Global Times | 2020/11/18 18:09:10

2020 Global Cities Report: Beijing replaces Hong Kong among top 5

The 2020 Global Cities Report, released by global strategy and management consulting firm Kearney on Wednesday, presented the Global Cities Index (GCI) and the Global Cities Outlook (GCO), which together provided a comprehensive analysis of cities' positions and future prospects.
Source: Global Times | 2020/11/18 17:22:13

Controversial Wuhan semiconductor manufacturer acquired by local state assets

Semiconductor maker Wuhan Hongxin Semiconductor Manufacturing Co (HSMC) has been reportedly fully taken over by the local unit of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) in Dongxihu district, Wuhan in Central China's Hubei Province.
Source: Global Times | 2020/11/18 13:48:41

China to produce, sell over 10 million NEVs during 2021-2025

China's production and sales of new energy vehicles (NEVs) will reach more than 10 million units during the 14th Five-Year Plan period (2021-2025), according to a report released Wednesday by the Chinese Academy of Social Sciences.
Source: Global Times | 2020/11/18 13:38:41

Chinese yuan climbs to 29-month high against US dollar

The Chinese yuan's recent trend of appreciation shows no signs of slowing down, as the currency's central parity rate soared to nearly 29-month high on Wednesday against the US dollar, following release of upbeat economic data in October by the Chinese statistics authority.
Source: Global Times | 2020/11/18 13:08:40