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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

NEV sales to reach 20% of total auto sector by 2025: State Council

China will significantly boost the new-energy vehicle (NEV) sector over the next 15 years, aiming to raise the proportion of this segment to 20 percent of total new auto sales by 2025, and make NEV sales mainstream by 2035, with all public-sector vehicles to be NEVs, according to a new development plan released on Monday.
Source: Global Times | 2020/11/2 19:44:47

US securities firm JPMorgan one step closer to becoming first wholly foreign-owned securities firm in China

US securities firm JPMorgan is one step closer to becoming the first wholly foreign-owned securities firm in China as the country increases efforts to open up its financial markets.
Source: Global Times | 2020/11/2 10:19:00

IPOs to enter era of full registration, delisting process to be normalized

China plans to phase in a registration system for all IPOs and establish a normalized de-listing mechanism, according to a special government meeting on Saturday.
Source: Global Times | 2020/11/1 20:23:40

Huawei Mate 40 series in short supply due to choke on microchips

Huawei's Mate 40 series smartphone, unveiled on Friday in China, is in very short supply due to the release of the new product coinciding with China's “Double 11” shopping festival, as well as depleting microchips inventory.
Source: Global Times | 2020/11/1 16:52:54

100 brands make 100 million yuan just 111 minutes after Tmall Singles' Day shopping spree kicks off

Online retailers have set new sales records with the launch of this year's Singles' Day shopping spree, demonstrating China's solid economic recovery from COVID-19.
Source: Global Times | 2020/11/1 11:56:09

TikTok ban meets another setback in US court, a victory for creators

The executive order issued by the Trump administration to ban Chinese video-sharing app TikTok encountered another setback following a US federal judge's ruling blocking the administration from outlawing TikTok's US operation, which was set to take effect on November 12.
Source: Global Times | 2020/10/31 15:01:03

UK to showcase over 100 brands in China International Import Expo

More than 100 British brands will be showcased in the upcoming China International Import Expo (CIIE) as Britain and China "share a global outlook" and London sees the upcoming event in China as "a unique opportunity" to further its commercial ties with Beijing, the British government said Friday.
Source: Xinhua | 2020/10/31 11:30:42

Shanghai applies stringent controls on CIIE cold-chain food exhibits

Authorities in Shanghai have strengthened the epidemic prevention and control of cold-chain food exhibits at the upcoming China International Import Expo (CIIE), imposing strict controls on warehousing, inspection, delivery and display.
Source: Xinhua | 2020/10/30 13:54:38

Portugal opens arms to welcome Chinese investment: Embassy

Portugal is opening arms to Chinese investment, encouraging Chinese businesses to set up European headquarters in Portugal, said the investment counselor at the Portuguese Embassy in Beijing.
Source: Global Times | 2020/10/29 17:28:40