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.
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.
European companies, particularly those from France, can now tap into a 400 million euros fund to expand their footprints in China.
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.
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.
Central China's Hubei province is stepping up efforts to help the resumption of work for foreign trade enterprises with packaged relief plans.
Chinese companies are famous for their business acumen, but a domestic car brand has just taken this to a new level.
Stores reopen after lockdowns, but inventory worsens with age
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.