Posted inEconomy
China’s GDP rebound puts spotlight on the US
On Thursday, China emerged as the first major economy to return to growth since the global coronavirus pandemic and shifted the spotlight to the US, which continues to struggle to…
Posted inEconomy
China reaps bumper summer grain harvest in 2020
China's summer grain output reached a historic high of 142.81 million tonnes this year, up 0.9 percent from last year, the National Bureau of Statistics (NBS) said Wednesday. While the…
Posted inEconomy
Salmon imports pick up after coronavirus crisis at market
Salmon imports and consumption are gradually picking up in China as fears fade following the detection of coronavirus on an imported salmon chopping board in a Beijing market last month.…
Posted inEconomy
China set to become Tesla’s leading world market: industry veteran
A spike in COVID-19 exposure has reportedly hit Tesla's Fremont Factory in California, threatening the company's reopening on its home turf, where the coronavirus pandemic continues. But the California-based electric…
Posted inEconomy
Impact of UK’s Huawei ban limited, firm to keep leading role
Huawei will keep leading position in global 5G The UK's move to ban Huawei from participating in its next-generation network construction will affect the Chinese company's market share in the…
Posted inEconomy
Citizens chase ‘bull run’ in Chinese stock market
Regulators cautiously quell industry enthusiasm amid worry over bubble After lining up for two hours to register for an online stock account last week, Wang Liu, a Beijing-based white-collar worker,…
Posted inEconomy
Small US businesses harder hit by COVID-19
The number of active business owners in the United States is down by 2.2 million, or 15 percent, from February 2020, but up 7 percent since the low in April,…
Posted inEconomy
France reduces China flights, aiming to win ‘bargaining chips’ as sector recovers: experts
Move aims to win ‘bargaining chips’ as sector recovers: experts France's aviation authority will restrict passenger flights from China to only one per week, saying the move was in response…
Posted inEconomy
Majority of mask producers could wind down, as COVID19 fades in China
Mask prices in China are down 80-90 percent from the peak in early February with production capacity far exceeding demand. Experts predicted that 95 percent of Chinese mask suppliers would…
Posted inEconomy
HK finance chief says more funds flowing to the city
Capital has continued to flow into Hong Kong, said Hong Kong Financial Secretary Paul Chan Mo-po Tuesday, two weeks after the national security law for Hong Kong took effect. During…