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Beyond Meat makes retail-store debut in China

International alternative meat brands are accelerating their push into the Chinese market, with US industry giant Beyond Meat this week making its retail-store debut through cooperation with Chinese company Alibaba.
Source: Global Times | 2020/7/1 11:13:11

Guangdong, Jiangsu see signs of export recovery

South China's Guangdong Province and East China's Jiangsu Province, which are among China's top five provinces and cities in terms of export value, saw slight signs of recovery as the decline in their export value narrowed by 1.4 and 0.8 percentage points in the January to May period compared with the first four months this year.
Source: Global Times | 2020/7/1 0:11:02

US urged to do more for success of phase one trade deal: experts

Washington should do more to ensure the smooth implementation of the phase one China-US trade deal, rather than talking it down, smearing China to divert domestic attention amid the pandemic and provoking new conflicts, Chinese experts urged. China is carrying out the deal firmly for now, they noted.
Source: Global Times | 2020/6/30 21:20:29

Pedestrian street activities to boost sales of export-oriented products

China's Ministry of Commerce (MOFCOM) announced new measures on Tuesday to support domestic sales of commodities originally produced for export.
Source: Global Times | 2020/6/30 19:03:39

UPDATE 1 – Ban on Chinese apps will hurt Indian start-ups, deter Chinese investment: analysts

Analysts say the Indian government's ban on 59 apps developed by Chinese companies will eventually hurt India's technology and internet startups when they lose Chinese investment.
Source: Global Times | 2020/6/30 12:31:44

Chinese mainland's net gold imports via HK continue to fall below its exports

The Chinese mainland's net gold imports via Hong Kong in May continued to fall short of its exports for a second consecutive month, official data showed on Monday.
Source: Global Times | 2020/6/29 22:35:37

Luckin Coffee, facing NASDAQ delisting, slows expansion

Luckin Coffee, a Chinese homegrown rival to Starbucks, is still in operation, although the firm has slowed its aggressive expansion since the start of the year, seeing an 80 percent plunge in new shop openings now from last year.
Source: Global Times | 2020/6/29 16:48:43

Refusing virus guarantees may slash Brazilian soybean exports to China: analyst

A call by a Brazilian grain association to not give China the coronavirus-free guarantees it sought may delay or even greatly reduce bilateral soybean trade, which is currently at the peak as it's harvest season in the South American country, industry experts said.
Source: Global Times | 2020/6/28 21:12:07

China to raise gasoline, diesel prices

China will increase retail prices of refined oil products in light of a boost in international oil prices, according to a document released on Sunday by the National Development and Reform Commission (NDRC), China's top economic planner.
Source: Global Times | 2020/6/28 18:53:43

Luckin Coffee delisted from NASDAQ but domestic operations remain normal

Luckin Coffee announced on Friday that it will suspend trading and be delisted on NASDAQ on Friday, adding that more than 4,000 of its domestic stores across China will continue to operate normally.
Source: Global Times | 2020/6/27 13:34:15

GT investigation: Can India's fragile economy survive its own 'boycott China' campaign?

Since the deadly clash between Chinese and Indian troops in the Galwan Valley on June 15, hyper-nationalism appear to have taken over India, where calls for boycotting Chinese products and footage of Indian citizens destroying TV set have been dominating social media. In China, very few take those calls and actions seriously, with some saying India waging a trade war with China is like throwing an egg at a rock. Still, to help Indian nationalists and their followers better understand the potentially devastating consequences of their words and deeds on the already fragile Indian economy as well as India's poor, the following is a GT investigation into four areas of the Indian economy where Chinese involvement is simply irreplaceable.
Source: Global Times | 2020/6/24 17:49:02

Foreign healthcare providers boost Chinese market following COVID-19

The first batch of high-end ventilators came off the production line at GE Healthcare's Chinese facility on Monday, a milestone for the US firm's localization in the Chinese market, which will also accelerate the integration of the Chinese healthcare sector with the world-class level.
Source: Global Times | 2020/6/23 23:06:22

Approved transgenic soybean, corn likely only for scientific research: experts

Genetically modified soybean and corn that were granted bio-safety certificates by China's agricultural authority are more likely to be used for research than commercial cultivation, but it could be a step toward allowing the cultivation of transgenic cereals in China, agricultural experts said on Tuesday.
Source: Global Times | 2020/6/23 18:59:41

Central bank yuan bill issuance in HK oversubscribed by overseas investors

China's central bank on Tuesday issued 10 billion yuan ($1.41 billion) of bills in Hong Kong with a coupon of 2.21 percent.
Source: Global Times | 2020/6/23 16:08:40

PepsiCo releases more details on coronavirus cases in Beijing

Products made by PepsiCo's potato chips plant in Beijing that reported a cluster of coronavirus infections have been sealed off, the company told the Global Times on Monday.
Source: Global Times | 2020/6/22 20:47:13

Yuan internationalization push will blunt financial decoupling: CSRC official

China will have greater ability to withstand a financial “decoupling” if the nation makes more progress in globalizing the yuan, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said on Monday.
Source: Global Times | 2020/6/22 19:19:39

Huawei likely to win approval to build R&D center in UK: report

Huawei is expected to receive approval to build a $494.24 million research and development (R&D) center in the UK, amid a security review that could lead the UK government to ban use of its 5G equipment.
Source: Global Times | 2020/6/21 18:13:40

Turkey uses Chinese yuan for import payment 1st time under swap agreement

Turkey's central bank allowed the payment of Chinese imports to be settled using the yuan on Thursday, the first time under a currency swap agreement between Turkey and China's central banks, according to the Turkish central bank on Friday.
Source: Global Times | 2020/6/21 13:38:40