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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

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

No tit-for-tat retaliation doesn't mean Ottawa off the hook over Meng case

Canada seems to be getting more paranoid in the aftermath of a court ruling against Huawei CFO Meng Wanzhou that sparked a new wave of indignation among Chinese public, with some in Canada wondering whether China would take retaliatory measures like more trade restrictive measures.
Source: Global Times | 2020/6/3 20:02:54

HSBC 'finally' backs national security legislation for HK

As UK-backed groups like Jardines Group publicly support the national security legislation for Hong Kong Special Administrative Region, the embattled banking giant HSBC, a leading lender in Hong Kong, has remained silent, prompting Chinese experts to call for “necessary countermeasures” against the London-based lender – for example, putting it on the country's unreliable entity list.
Source: Global Times | 2020/6/3 19:58:40

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

China's rare-earth firm moves from foreign-dependent to self-reliant

China's leading rare-earth supplier is speeding up construction of production facilities for ceria-zirconia solid solution that are expected to open in September. Experts said the development shows that China's rare-earth ceria-zirconia solid solution technology has broken international monopoly.
Source: Global Times | 2020/6/2 19:02:44

China sends implicit warning to US on farm imports

Beijing could be sending Washington an implicit warning that it could halt purchases of US agricultural products, in case the Trump administration imposes harsh sanctions on the Hong Kong Special Administrative Region (HKSAR) over the national security legislation by China's National People's Congress.
Source: Global Times | 2020/6/2 18:23:40

China's recovering market deemed a 'lifesaver' for European airlines

China's market could be a “lifesaver” for European airlines, some of whom have been pushed to the brink of bankruptcy under the fallout of COVID-19 that has grounded most planes, industry insiders said.
Source: Global Times | 2020/6/2 15:58:40

Gasoline demand picks up, but Chinese oil majors still need to tighten belts

More and more cars are running on the roads as coronavirus lockdown measures significantly ease in China. The country is now well on its road to regaining economic vitality.
Source: Global Times | 2020/6/1 17:51:43

HK shares rise on Monday morning despite US threats

Hong Kong's stock markets edged up on Monday despite repeated US threats to act against the city after the mainland proposed a new national security law for the special administrative region.
Source: Global Times | 2020/6/1 12:08:40

Hubei to invest $28m in 5G base stations to power digital consumption

In order to boost consumption and revive the economic growth of virus-hit Hubei Province, the provincial government introduced 30 measures, including allocating 200 million yuan ($28.02 million) to subsidize 5G base stations building to push forward digital consumption.
Source: Global Times | 2020/5/30 19:47:11

China to keep closer eye on financial risks amid pandemic challenges: PBOC

China's financial risks are generally under control, while challenges remain as the COVID-19 pandemic has dealt a severe blow to global economic growth, said the central bank.
Source: Xinhua | 2020/5/30 19:13:13

US' repeated crackdown on listed Chinese firms is short-sighted and self-destructive: experts

US President Donald Trump's pledge to make the US great again might prove to be in vain, owing to Washington's repeated biased measures against China, such as a clampdown on Chinese firms listed on the Wall Street, experts said, noting that such moves dent US' image of an open and fair global market.
Source: Global Times | 2020/5/30 14:40:15

China to further push opening-up on credit rating sector

China's credit rating sector is set to embrace further opening-up both domestically and globally, beefing up financial services' support for the real economy, China's central bank said on Friday.
Source: Global Times | 2020/5/29 13:20:38

US companies report increased need for Chinese arms to support their operations

China has opened a “fast-track" entry system for crucial employees from eight countries, excluding the US, to return to work in China. A recent survey showed global travel disruptions remain the top concern for US companies in China.
Source: Global Times | 2020/5/29 13:12:46

China suspends oil price adjustment

China's top economic planner said Thursday that it would keep domestic gasoline and diesel prices unchanged as the international crude prices are still lower than the "floor rates."
Source: Xinhua | 2020/5/29 10:01:43