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US' rejection of additional China flights reflects aviation scuffle that's likely to last: expert

The US rejection of Chinese airlines' requests to add weekly flights on the grounds of maintaining “parity” is unreasonable, as the US is forcing China to decrease US-bound flights to cater to US airlines' business decisions, experts said.
Source: Global Times | 2020/6/21 12:58:17

Brazil's epidemic likely to affect China's iron ore supplies

China's iron ore supply is expected to remain under considerable pressure in the near future as the rapid increase in new coronavirus cases in Brazil will likely impact local production, experts noted on Saturday.
Source: Global Times | 2020/6/20 15:32:40

Higher trade barriers to worsen fallout of boycott of Chinese items on India's manufacturing

More trade barriers reportedly being mulled over by Indian authorities primarily targeting Chinese imports are less likely to materialize, as they tend to worsen the fallout of a boycott campaign on India's push to become a manufacturing power, regional affairs observers said.
Source: Global Times | 2020/6/20 0:25:55

China plans to ease rules for foreign strategic investment in listed firms

China's Ministry of Commerce (MOC) on Thursday released a revised draft on foreign strategic investments in Chinese listed firms, seeking to ease thresholds and restrictions to attract more investment to the market.
Source: Xinhua | 2020/6/19 20:27:56

Boycott of Chinese products, tech will hurt India's economy: observers

A boycott campaign in India targeting Chinese products and technology in the wake of a border clash between the two Asian giants is an angry outburst that won't do the coronavirus-hit Indian economy any favors, regional affairs watchers said on Friday.
Source: Global Times | 2020/6/19 18:49:50

Exorbitant US regulation targeting listed Chinese companies will hurt American investors: Zhou

It's not necessary for Chinese companies to rely on international markets to raise funds, as there's plenty of capital in China looking to invest in emerging companies, said Zhou Xiaochuan, former governor of the People's Bank of China (PBC), at the Lujiazui Forum on Thursday, an influential annual financial forum held in Shanghai.
Source: Global Times | 2020/6/18 19:13:40

JD, Alibaba, Pinduoduo joggle for a bigger slice of online shopping spree

The June 18 or “6.18” online shopping festival is likely to be the largest e-commerce promotional activity in China, as the country has largely put the coronavirus outbreak under control.
Source: Global Times | 2020/6/18 16:53:44

Financial opening-up and economic recovery from pandemic in focus at Lujiazui Forum

Conditions and atmosphere need to be created, adding to efforts to eliminate interference, for the phase one trade deal between China and the US to be jointly implemented, Chinese Vice Premier Liu He said in a written address sent on Thursday to an influential annual financial forum where financial deregulation and economic recovery from the COVID-19 pandemic were in focus.
Source: Global Times | 2020/6/18 13:38:37

Absence of Chinese tourists causes losses of $14b in Jan-Apr

The global tourism industry lost around 100 billion yuan ($14.1 billion) during the first four months this year, an industry report by China's Ministry of Commerce (MOFCOM) suggested on Wednesday.
Source: Global Times | 2020/6/17 23:12:59

LNG spot prices down amid demand worries

LNG spot prices in Asian markets have fallen further, but China may cut LNG imports in the third quarter due to sluggish demand. The price decline also hit domestic LNG producers.
Source: Global Times | 2020/6/17 22:20:38

Giants battle for market share as consumer spending rebounds in 618 shopping festival

Domestic e-commerce giants are engaged in a pitched battle for the mid-year online shopping spree known as "618 shopping festival," offering unprecedented discounts and rebates and miscellaneous promotions, as China's consumption has recovered to pre-pandemic levels.
Source: Global Times | 2020/6/17 21:48:40

Flight of US-traded Chinese companies seems to accelerate

Chinese e-commerce giant will debut at the Hong Kong stock market on Thursday. Shares of the No 2 e-commerce platform in China were over-subscribed by investors. Coronavirus-fuelled online purchases are expected to converge with strong investor interest in the NASDAQ-traded firm's secondary listing, which exemplifies a growing trend of home-coming among Chinese listed companies amid US regulatory toughening measures.
Source: Global Times | 2020/6/17 19:10:38

Huawei 5G technical leader elected fellow at Canadian Academy of Engineering

Zhu Peiying, senior vice president of Huawei Technologies Canada, has been elected a fellow of the Canadian Academy of Engineering (CAE), a national institute in Canada, according to a news release on the CAE's website on Tuesday.
Source: Global Times | 2020/6/17 16:50:14

Huawei's HMS-powered P40 goes on sale globally

Chinese technology giant Huawei has announced that sales of its latest P40 series, featuring its self-developed Huawei Mobile Services (HMS) rather the Google's GMS, have begun in Japan. The move will pose a challenge to the GMS-dominated market and expand Huawei's market overseas, according to experts.
Source: Global Times | 2020/6/16 16:53:40

UPDATE - China offers 170b yuan in anti-COVID-19 bonds

China's Ministry of Finance on Tuesday announced the issuance of 170 billion yuan ($24.02 billion) in special bonds intended to fund anti-virus efforts, fueling speculation over monetary easing in the near term.
Source: Global Times | 2020/6/16 13:43:40

Retail prices of refined oil set to remain unchanged as oil dips below $40 per barrel

As oil prices fell below $40 per barrel, analysts said China would not adjust retail prices for refined oil products.
Source: Global Times | 2020/6/16 0:12:16

Tensions with Canberra offer openings for other farm suppliers

Escalating tensions between China and Australia, which have caused declines of Australian agricultural exports to China in recent months, could offer opportunities for other producers to participate in the Chinese market.
Source: Global Times | 2020/6/15 20:50:14

Canadian court document sparks new wave of anger in China

Fresh revelations from Canadian court documents that the country's spy agency was directly involved in the arrest of Huawei executive Meng Wanzhou in 2018 sparked a new wave of indignation among Chinese public, with many calling for Beijing to take forceful countermeasures to punish Ottawa.
Source: Global Times | 2020/6/15 20:14:57