Posted inEconomy
China puts out welcome mat
Officials offer olive branches to foreign companies Chinese officials are stepping up their effort to extend olive branches to foreign companies - a move that observers say could solidify foreign…
Posted inEconomy
Virus accelerates China’s autonomous driving sector
Smart transportation industry to see boom thanks to supporting policies China's autonomous driving industry is accelerating growth as the COVID-19 epidemic has increased market demand for driverless technology. Major industry…
Posted inEconomy
First flight from Wuhan to Beijing after COVID-19 takes place on Tuesday
The first flight from Wuhan, Central China's Hubei Province to Beijing since the outbreak of COVID-19 took off on Tuesday, operated by China Southern Airlines and marking the official resumption…
Posted inEconomy
IMF to revise down Asia and Pacific growth forecast amid mounting COVID-19 fallout
The International Monetary Fund (IMF) is expected to revise down the growth forecast for the Asia and Pacific region in an update to its World Economic Outlook (WEO) later this…
Posted inEconomy
China’s CPI decelerates to 2.4 percent growth in May
China's consumer price index (CPI), a main gauge of inflation, continued to decelerate growth in May. The further decline was mainly due to decreasing food prices as life and production…
Posted inEconomy
US should not ‘commit suicide’ by pushing decoupling with China
A looming steep US recession is sending a warning to Washington to rekindle its relations with Beijing and avoid "committing suicide" by pushing a decoupling between the world's two largest…
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Tesla No.1 in China’s NEV sales in May
China's new-energy vehicle (NEV) sales in May fell 25.7 percent year-on-year to 70,200 units, easing from a 30-percent contraction in April, industry data showed. NEV sales rose 19.5 percent month-on-month…
Posted inEconomy
TSMC may speed Huawei chips supply
Qualcomm, Apple face countermeasures if tensions with US escalate Taiwan Semiconductor Manufacturing Co (TSMC) may be accelerating chip sales to Huawei Technologies to provide up to a year's chips supply,…
Posted inEconomy
JD.com heads for Hong Kong listing
Secondary IPO will diversify bourse, more mainland firms to follow It's just days before China's e-commerce giant JD.com gets a listing on the Hong Kong bourse, the second mega IPO…
Posted inEconomy
Chinese standards to remain in proposed extension of Jakarta-Bandung rail: expert
A top Chinese expert in Asian affairs said that the reported combination of the ongoing Jakarta-Bandung railway and the planned Jakarta-Surabaya railway will likely bring Chinese standards to the extended…