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Australia's exports to China continues to drop amid trade tussle

China's trade with Australia declined further in November amid soured political ties, and it fell 0.9 percent year-on-year in the first 11 months of the year, Chinese customs data showed on Monday.
Source: Global Times | 2020/12/7 19:59:28

High alert needed with Biden administration on S.China Sea, Taiwan Straits

US warships once again entered the South China Sea on Sunday, a bluff and muscle-flexing action that pundits believe would damage regional stability. China should be prepared to confront the US in the South China Sea and the Taiwan Straits, no matter who sits in the White House, they said.
Source: Global Times | 2020/12/7 19:28:40

Chengdu on high alert after domestic COVID-19 cases found in nine months

The Southwest Chinese city of Chengdu was on high alert after a local COVID-19 case was found on Sunday. The local government sealed off the hospital where the patient received treatment, conducted an overall epidemiological survey, and traced and quarantined all close contacts of the patient.
Source: Global Times | 2020/12/7 13:54:13

China, US likely to prioritize business dialogues, diplomatic exchanges to come after Biden takes office: expert

China and the US are likely to prioritize trade and business dialogues, while diplomatic dialogues could reopen after Joe Biden takes office in January, meanwhile it would be a slow process for the two countries' return to cooperation.
Source: Global Times | 2020/12/7 18:04:30

China strongly opposes looming US sanctions on Chinese officials over disqualification of HK lawmakers

Following media reports that the US government has been mulling new sanctions on at least 12 Chinese officials for the recent disqualification of Hong Kong Legislative Council lawmakers, Chinese Foreign Ministry spokesperson Hua Chunying reiterated China's position of opposing US interference in China's internal affairs through Hong Kong-related issues.
Source: Global Times | 2020/12/7 17:41:15

Chinese Foreign Minister urges China, US to open dialogues at all levels

China and the US should open dialogue at all levels; any issues can be "brought to the table" at talks. The two countries can communicate on strategic, overall, and long-term issues, consult on specific ones & seek breakthroughs: Chinese Foreign Minister Wang Yi
Source: Global Times | 2020/12/7 13:33:14

China's exports to India down 13% in first 11 months

China's exports to India continued to show weakness with a 13 percent drop in the first 11 months of the year, customs data showed, as the unabated coronavirus affects internal demand in India, while the two countries' political standoff extends to the economic sector.
Source: Global Times | 2020/12/7 13:18:41

China's imports from Australia down by 4.9% from Jan to Nov amid trade, political tussles

China's trade with Australia declined further in November amid soured political ties — the two countries' bilateral trade declined 0.9 percent in the first 11 months of the year, Chinese customs data showed on Monday.
Source: Global Times | 2020/12/7 12:38:13

China's dependency on foreign crude expected to remain in excess of 70%

China imported 504 million tons of crude oil from January to November, according to data released by the General Administration of Customs, which means that China's dependency on foreign crude oil is expected to continue to exceed 70 percent this year.
Source: Global Times | 2020/12/7 12:29:32

China-US trade up 6.9% from Jan-Nov as phase-one deal continues

China-US trade rose 6.9 percent year-on-year to $3.65 trillion yuan ($558.43 billion) in the first 11 months this year, extending a growth trend over the past few months, official data showed on Monday.
Source: | 2020/12/7 11:46:58

Sinovac receives $500 million in funds for coronavirus vaccine development

Chinese vaccine developer Sinovac Life Sciences Co has received about $500 million in funds from Sino Biopharmaceutical for the development, manufacturing and capacity expansion of vaccines against novel coronavirus.
Source: Global Times | 2020/12/7 10:29:33

PLA anti-submarine warfare aircraft conducts depth charge attack drills, seen as deterrent to Taiwan secessionists

In a rare report shared with media, an anti-submarine warfare aircraft of the Chinese People's Liberation Army (PLA) was shown dropping a new type of depth charge in a recent training exercise, demonstrating its capability to not only detect, but also launch attacks on submarines, analysts said on Sunday.
Source: Global Times | 2020/12/6 22:12:10

China's GDP growth to exceed 8% in 2021: economists

Several Chinese economists forecast that the nation's economy will grow about 2 percent this year while posting "a strong rebound" next year with 8 percent-plus growth, thanks in part to the country's effective measures in containing the COVID-19 epidemic.
Source: Global Times | 2020/12/6 22:50:58

FTSE Russell's index move 'bad example'

Index provider FTSE Russell's decision on Friday to remove eight Chinese companies named by the Trump administration as having alleged ties to the Chinese military from some of its indices shows the company's political prejudice and provocative attitude toward Chinese companies, and it sets a bad example for global index providers that have been increasingly open to Chinese stocks in recent years, experts said on Sunday.
Source: Global Times | 2020/12/6 21:57:23

Military pressure essential for reunification with Taiwan: experts

As the tension between the Chinese mainland and the island of Taiwan grows and some foreign media even predicted that the US could make more provocations to escalate the matter, experts from the two sides of the Taiwan Straits said that reunification between the mainland and the island of Taiwan will not be realized without military pressure.
Source: Global Times | 2020/12/6 19:49:25

Plans of UK, India to deploy aircraft carriers against China of 'no military significance'

China's surroundings could soon be infested with foreign aircraft carriers targeting China, with the latest media reports saying the UK is planning to send an aircraft carrier strike group to the western Pacific as soon as early 2021, while India is eyeing the development of a third aircraft carrier.
Source: Global Times | 2020/12/6 18:28:40

China able to strive for self-improvement amid forced tech 'decoupling': academician

Tech "decoupling" is forced by others on China, but the nation is able to strive for self-improvement to fend off woes from being sanctioned, Ni Guangnan, a noted Chinese scientist, said at Global Times' annual forum on Saturday.
Source: Global Times | 2020/12/5 18:38:39

China's response to COVID-19 pandemic lays foundation for global control of pandemic: top epidemiologist

China's response to the COVID-19 pandemic was "scientific," "timely" and "transparent" which "laid the foundation for the global control of the pandemic," Chinese top epidemiologist said Saturday, rebutting US accusations that the pandemic was caused by China's lack of transparency.
Source: Global Times | 2020/12/5 16:19:44