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Wuhan sees recovery in home appliance industry

Wuhan, a major home appliance manufacturing base in Central China's Hubei Province, has kicked off the restart button to make home appliances as the city is about to lift its two-month lockdown on April 8.
Source: Global Times | 2020/3/31 20:38:40

India's mask production can hardly meet market demand

India's mask production capacity can hardly meet market demand as coronavirus pandemic is spreading there. Though China and other countries could offer help to increase India's production, there are multiple obstacles for the country in enhancing its prevention efforts.
Source: Global Times | 2020/3/31 18:33:40

Washington should cease its containment of Huawei

While the US is mulling new restrictions on Chinese tech giant Huawei to limit chip exports and block global chip supplies, the Trump administration should consider dropping its year-long anti-Huawei campaign as it is set to backfire, damaging its own high-tech sector and casting a shadow over US-China cooperation in fighting the deadly coronavirus.
Source: Global Times | 2020/3/31 14:49:59

China's tax, fee cuts total over 400 bln yuan in first two months

China's top tax watchdog said Tuesday that the amount of the country's tax and fee cuts had topped 402.7 billion yuan (about 56.8 billion U.S. dollars) in the first two months.
Source: Xinhua | 2020/3/31 14:23:03

China's March PMI bounces back to 53, but analyst predicts Q1 GDP may contract 7.3%

China's purchasing managers' index (PMI) for March bounced back to 53, beating market expectations of 40 as domestic economic and social activities accelerate resumption and the coronavirus comes largely under control in the country.
Source: Global Times | 2020/3/31 10:18:40

China to issue special treasury bonds, scale may reach 2 trillion yuan

China may issue its third batch of special treasury bonds with a scale expected to reach 2 trillion yuan ($282 trillion), experts forecast after the nation proposed an issuance of special treasury bonds 13 years after the second issuance in 2007, as one of the means to combat the negative impact from the coronavirus pandemic.
Source: Global Times | 2020/3/30 23:18:40

Indian firms seeking to import ventilators from China amid COVID-19: source

Indian enterprises are seeking to import ventilators from China as the country enhances its coronavirus prevention measures and stocks up on related medical materials.
Source: Global Times | 2020/3/30 21:28:40

Wisdom and direction being sought for future stock moves as coronavirus pandemic rumbles on

Asia-Pacific stocks turned in a mixed performance on Monday, with Australian shares finishing up 7 percent in their biggest rally in history, while the rest of the region largely settled in negative territory.
Source: Global Times | 2020/3/30 21:08:42

China launches LPG futures trading

China's liquid petroleum gas (LPG) futures will start trading on the Dalian Commodity Exchange, in Northeast China's Liaoning Province, on Tuesday, sources told the Global Times.
Source: Global Times | 2020/3/30 14:56:07

Goldman, Morgan Stanley raise stakes in China joint ventures

US investment banks Goldman Sachs and Morgan Stanly have received an approval from China's securities regulator to raise their stakes and take majority holdings in their China securities joint ventures on Friday, a sign that China's efforts of further opening up have not been hindered by the COVID-19 situation.
Source: Global Times | 2020/3/27 22:28:40

Huawei offers $200 million to lure developers, ramping up efforts to replace Google amid US ban

Huawei on Friday said it will invest $200 million to attract developers for its Kunpeng computing industry, strengthening its pace of building a competitive ecosystem aiming to replace Google amid the US' Huawei ban.
Source: Global Times | 2020/3/27 13:23:40

French wine imports to China will fall 50% in 2020 due to pandemic

China's red wine industry has entered an unprecedented winter. Although the coronavirus outbreak is easing in China, it will continue to hit the industry and lead to 50 percent drop in sales as the pandemic spreads in Europe and beyond.
Source: Global Times | 2020/3/26 20:03:40

Baidu launching online healthcare branch

China's internet giant Baidu has set up two online healthcare companies within a week, a sign that China's online healthcare market is booming, experts said.
Source: Global Times | 2020/3/26 18:08:40

US' Huawei indecision shows company's technology strength: analysts

The US decided to prolong the public comment period on Huawei's proposed license extension, displaying the importance of the Chinese tech giant to US businesses amid the COVID-19 outbreak in the US, industry analysts said.
Source: Global Times | 2020/3/26 15:48:40

Yiwu employers consider salary cuts, unpaid leave amid dampened exports due to COVID-19

While some workers in Yiwu of East China's Zhejiang Province, the world's largest wholesale market, are satisfied with their current wages amid the novel coronavirus (COVID-19) pandemic, their employers are anxious about failing to pay employees months later due to diminishing exports.
Source: Global Times | 2020/3/25 22:31:00

China's API makers restart manufacturing, but logistics disruptions hinder shipping

China's manufacturers of active pharmaceutical ingredients (APIs) for export recently resumed production, as coronavirus-struck markets such as the US and EU have a serious shortage of the ingredients due to manufacturing halts and disrupted supply chains.
Source: Global Times | 2020/3/25 12:20:45

Dow soars over 11 pct in best day since 1933

US equities surged on Tuesday with the Dow closing up more than 11 percent, notching its biggest one-day percentage gain since 1933 amid stimulus hopes.
Source: Xinhua | 2020/3/25 4:36:47

China's real estate market shows sign of a recovery: experts

A new property in East China's Jiangsu Province recently sold for 1.2 billion yuan in 60 seconds, a sign that the country's property market is recovering from the impact of the coronavirus attack.
Source: Global Times | 2020/3/24 17:43:40