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China loosens international flight restrictions as economic recovery accelerates

China's civil aviation regulator on Thursday moved to loosen international flight restrictions by allowing all qualified foreign airlines to resume services to China from Monday, aiming to boost international travel essential to a faster economic recovery while continuing efforts to stem the arrival of imported coronavirus cases.
Source: Global Times | 2020/6/4 11:03:41

Singapore reveals details for travel fast lane with China

China and Singapore have agreed to create a fast lane to facilitate essential business and official travel without a 14-day quarantine from June 8.
Source: | 2020/6/4 2:06:32

China, France launch 1.5b euro fund to help European firms tap Chinese market

European companies, particularly those from France, can now tap into a 400 million euros fund to expand their footprints in China.
Source: | 2020/6/4 1:00:38

Chinese street vendors invited to resume business to boost local street stall economy

In order to boost the street stall economy, chengguan (urban management officers) from Ruichang city in East China's Jiangxi Province are inviting street vendors to resume business and a video showing an invitation phone call between an officer and a vendor was viewed 7.17 million times and received over 74,000 likes and over 3,400 comments on Sina Weibo as of Wednesday evening.
Source: Global Times | 2020/6/4 0:40:29

Beijing to roll out 10b yuan consumption vouchers

Chinese capital Beijing will issue consumption vouchers worth 10 billion yuan ($1.41 billion) starting from Saturday to help its local economy to recover from the wounds caused by the COVID-19 epidemic.
Source: Global Times | 2020/6/3 23:18:40

Hubei steps up relief policies for foreign trade enterprises

Central China's Hubei province is stepping up efforts to help the resumption of work for foreign trade enterprises with packaged relief plans.
Source: Global Times | 2020/6/3 22:48:40

Premier urges support for street economy, Wuling responds in 2 days

Chinese companies are famous for their business acumen, but a domestic car brand has just taken this to a new level.
Source: Global Times | 2020/6/3 21:18:40

Retailers wrestle with unsold stock

Stores reopen after lockdowns, but inventory worsens with age
Source: Reuters | 2020/6/3 20:42:06

Local government bond risks 'under control'

As local governments issue more bonds this year to tackle rising challenges from the coronavirus hit, financial experts have urged the Chinese government to fend off potential risks with better auditing and assessment procedures.
Source: Global Times | 2020/6/3 20:38:42

HKSAR can keep markets calm

Hong Kong's financial markets are only marginally affected by simmering tensions between the world's top two economies, observers said, predicting stability in the city's stock market and its pegged currency.
Source: Global Times | 2020/6/3 20:23:40

China's outbound investment in BRI partners grows in first four months of 2020

China's outbound direct investment in the countries involved in the Belt and Road Initiative (BRI) increased more than 13 percent in the first four months of 2020, despite the grim outlook on the global economy under the shadow of the spreading coronavirus pandemic.
Source: Global Times | 2020/6/3 16:58:40

China speeds up digital currency trials to blunt US financial hegemony

Contrary to market expectations, China may not launch its central bank-backed sovereign digital currency DC/EP this year, industry insiders said. But relevant tests are running in a full swing as there is a widespread sense of urgency amid Beijing's efforts to challenge the US-dominated global financial order.
Source: Global Times | 2020/6/3 15:40:14

US initiates trade probe into digital services taxes considered by 10 trading partners

The United States is starting Section 301 investigations into digital services taxes considered by 10 U.S. trading partners, including the European Union (EU), Brazil and India, the Office of the U.S. Trade Representative (USTR) announced on Tuesday.
Source: Xinhua | 2020/6/3 13:48:36

Caixin services PMI hits almost 10-year high of 55 in May

The Caixin services Purchasing Managers Index (PMI), a gauge of activity in China's services sector, hit a 10-year high of 55 in May, reflecting great improvement in the country's services sector amid relaxed coronavirus prevention measures.
Source: Global Times | 2020/6/3 11:35:58

China should renegotiate energy trade deal with US: CNPC researcher

A researcher at China National Petroleum Corp (CNPC) said Tuesday that fulfilling the China-US phase one trade deal will be difficult. Both sides should renegotiate an energy trade deal so that it benefits each other, he said.
Source: Global Times | 2020/6/2 23:46:35

US protests trigger demand for T-shirts, caps, items emblazoned with slogan

T-shirts, caps and face masks bearing "I can't breathe" are being sold on online platforms in China, after protests spread across the US over the killing of George Floyd, which lead to rising market demand for products bearing the slogan.
Source: Global Times | 2020/6/2 21:55:21

SMIC's Shanghai IPO to accelerate R&D

Domestic chipmaker Semiconductor Manufacturing International Corp (SMIC)'s planned IPO on the Sci-Tech Innovation Board may give it a much-needed shot in the arm to speed up research and development into 7-nanometer chips and assume the role of leading player Taiwan-based TSMC in supplying Huawei in the coming two to three years, industry insiders say.
Source: Global Times | 2020/6/2 21:01:05

Brazil may gain iron ore share

Chinese demand for iron ore, a key raw material for making steel, is on the rise -- and Brazil is expected to seize a bigger market share despite a slump in May shipments, Chinese experts said on Tuesday.
Source: Global Times | 2020/6/2 20:09:38