Posted inEconomy
US may face steep slump
Coronavirus, riots harm economic recovery The Trump administration, facing a spreading coronavirus public health crisis and a raging national protest and rioting caused by the brutal death of a black…
Posted inEconomy
Passenger on first chartered Germany-China flight tested positive for Covid-19
A passenger on LH342, the first chartered flight from Germany to China carrying up to 200 German passengers, tested positive for coronavirus after arriving in North China's Tianjin although he…
Posted inEconomy
China’s manufacturing sector improves for third month, NBS says
Manufacturing sector improves for third month, NBS says China's manufacturing purchasing managers' index (PMI) for May stood at 50.6, below analysts' expectation of 51, but the reading reflects an economic…
Posted inEconomy
US ‘unlikely’ to leapfrog in 6G race
Huawei confirms early-stage investment in futuristic technology A US leapfrog from 5G to 6G, the futuristic telecommunication technologies, to deny China's lead in 5G is probably just wishful thinking, Chinese…
Posted inEconomy
China welcomes back street carts
Policy could generate 100m jobs, add to GDP China is loosening grip on street vendors after years of restricting the sector as it seeks to boost employment in the wake…
Posted inEconomy
Chinese phone vendors all-in on 5G, market share set to break 50%
Chinese smartphone vendors are swiftly shifting focus from 4G devices to launching 5G models, despite the impact of the coronavirus on the industry chain. Shipments of 5G phones could take…
Posted inEconomy
Chinese air regulator opens ‘green channel’ for chartered flights serving eight countries
China's civil aviation authority is allowing domestic and foreign passenger airlines to apply for "green channels" for chartered flights to airports in the Chinese mainland, which means airlines have more…
Posted inEconomy
Quality key to China’s medical supplies, misunderstanding won’t hold country’s exports back
When China is making its utmost efforts from guiding market players to expand production to organizing experts to set industry rules on exports of medical supplies, in order to deliver…
Posted inEconomy
HKEX, MSCI sign derivatives deal
Move will enhance city's financial hub status The Hong Kong Futures Exchange has signed an agreement with MSCI Inc. to license a suite of MSCI indexes covering Asia and Emerging…
Posted inEconomy
Nation adheres to multilateralism, globalization in 2020: top diplomat
Completing negotiations for closer economic partnerships and accelerating talks for free trade agreements are on China's trade schedule for 2020, making multilateralism and cooperation keys words of China's foreign policies,…