China's goods, services trade surplus tops 243 bln yuan

August 05, 2020

China's international trade surplus in goods and services stood at 243.9 billion yuan (about 34.4 billion U.S. dollars) in June, official data showed.

Chinese yuan strengthens to 6.9752 against USD Wednesday

August 05, 2020

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 51 pips to 6.9752 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

EU imports of electric and hybrid cars increase significantly in 2019

August 05, 2020

The European Union (EU)'s imports of electric and hybrid electric cars more than tripled between 2018 and 2019, showed the figures released Tuesday by Eurostat, the EU statistical office.

Disney reports significant quarterly loss due to COVID-19 pandemic

August 05, 2020

The Walt Disney Company on Tuesday reported significant quarterly loss in its fiscal third quarter due to the ongoing COVID-19 pandemic.

Genting Hong Kong warns of deeper losses, wins debt reprieve as coronavirus cripples cruise industry

August 04, 2020

Luxury cruise operator Genting Hong Kong expects to record “significantly higher” losses in the first six months of this year as a resurgence in Covid-19 cases in the region and elsewhere undercut hopes for a quick rebound in the industry.

TikTok’s Chinese owner ByteDance ‘prefers independent spin-off over Microsoft sale’ as Donald Trump threatens ban

August 04, 2020

TikTok could become totally independent from its Chinese owner ByteDance to continue operating overseas, according to a source who has been briefed on the discussions.

China corn video stokes food security fears amid coronavirus pandemic, flooding and drought

August 04, 2020

China’s state agency in charge of its strategic grain stockpiles has sparked concern over the quality of national grain reserves, particularly corn, after a local unit moved to ban all photo-taking devices from its granaries.

China’s appetite for iron ore prompts Brazilian miner Vale to explore new deep water port

August 04, 2020

​Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil's northern coast to increase iron ore shipments to China – a move that aligns with China's recent attempts to diversify its sources of the critical steelmaking ingredient amid a surge in domestic demand.

China-Japan ties: Coronavirus and US tensions cloud hopes for ‘new era’

August 04, 2020

This year was supposed to usher in a new era of cooperation between China and Japan.

Meng Wanzhou convinced HSBC that Iran dealings were ‘above board’, but she was ‘deceitful’, says Canadian filing

August 03, 2020

An HSBC banker concluded that Huawei’s business dealings in Iran were “above board” after a meeting with company CFO Meng Wanzhou, whose representations turned out to be “deceitful” and put the bank at risk, a Canadian government lawyer said in court submissions released on Friday.

US government set to pay US$2.1 billion to drug giants Sanofi and GSK in coronavirus vaccine deal

August 03, 2020

​The US government will pay US$2.1 billion to Sanofi SA and GlaxoSmithKline Plc for Covid-19 vaccines to cover 50 million people and to underwrite the drug makers' testing and manufacturing, the companies said on Friday.

‘People die every day, that’s life’: Bolsonaro still shrugs off pandemic even as Brazil nears 100,000 dead

August 03, 2020

Fresh off a bout of Covid-19, President Jair Bolsonaro said Friday nearly everyone will probably end up catching the new coronavirus, urging Brazilians to “face up to it” and saying there was nothing to fear.

China’s ministry at the forefront of US technology rivalry gets a new chief

August 03, 2020

​China has appointed a new head of the Ministry of Industry and Information Technology (MIIT), the government agency on the front line of its technology rivalry with the United States.

Apple reports double-digit growth in Q3

August 03, 2020

Apple Inc. said Thursday that financial results for its fiscal 2020 third quarter ended June 27 with quarterly revenue of 59.7 billion U.S. dollars, up by 11 percent year on year, with quarterly earnings per diluted share of 2.58 dollars, up by 18 percent.

1st Iranian supermarket opens in Venezuela's capital

August 03, 2020

Iran's defense ministry said the Etka Company affiliated with the ministry opened Iran's first supermarket in Venezuela's capital Caracas, Tasnim news agency reported Friday.

COVID-19 death toll tops 10,000 in Colombia

August 03, 2020

Colombia registered 295 new COVID-19 deaths in the last 24 hours, taking its total to 10,105, the Ministry of Health and Social Protection said on Friday.

Coronavirus: China’s stranded migrant workers desperate to return home as savings dry up

August 03, 2020

​China's recovery from the coronavirus pandemic continued in July, but analysts have cautioned that the nature of the rebound represents a step back in time, with the economy once more reliant on heavy industry, infrastructure projects, debt, investment and low-end exports.

About 8,000 residents evacuated over fast-growing wildfire in Southern California

August 03, 2020

A fast-growing wildfire in Riverside County of Southern California forced around 8,000 local residents to be evacuated, the authorities said Sunday.

Thai economy improves in June due to easing of lockdown: central bank

August 03, 2020

The Thai central bank on Friday released a report indicating that the Thai economy has slightly improved in June due to gradual relaxation of lockdown measures allowing resumption of economic activities.

Vietnam's GDP expected to grow 2.8 pct in 2020 with improved situation: World Bank

July 31, 2020

If the world situation gradually improves, Vietnam's economic activity should rebound in the second half of 2020, leading to a growth of 2.8 percent this year and 6.8 percent in 2021, the World Bank forecast in a report released Thursday.

Chinese prickly ash planting encouraged in Weinan City, NW China to help farmers raise income

July 31, 2020

A villager selects Chinese prickly ashes at Daming Town of Huazhou District in Weinan City, northwest China's Shaanxi Province, July 30, 2020.

Renault reports massive loss of 7.4 billion euros in H1

July 31, 2020

Renault released its financial results for the first half of 2020 on Thursday, saying that it suffered a massive loss of 7.4 billion euros.

U.S. expands scope of Iran metals sanctions

July 31, 2020

The United States on Thursday expanded the scope of Iran metals-related sanctions by identifying 22 specific materials, a move to constrain Iran's nuclear, military programs.

COVID-19 death toll in Mexico surpasses 45,000

July 31, 2020

Mexico's health ministry said on Wednesday that 485 deaths were reported during the past 24 hours, taking the national death toll to 45,361.

WTO agrees to mediate electronics dispute between Japan and South Korea

July 31, 2020

​The World Trade Organisation granted South Korea's request for a dispute inquiry into Japan's decision to restrict exports of electronics components.

China import expo to go ahead despite trade tensions, lingering coronavirus uncertainty

July 31, 2020

Beijing is ramping up publicity for its third annual China International Import Expo (CIIE), as the country seeks to promote itself as a defender of free trade and linchpin for global economic recovery from the coronavirus pandemic.

Pacific island nations beat coronavirus, but now face economic devastation: report

July 31, 2020

Pacific island nations are facing economic devastation due to lockdowns and travel bans despite avoiding the worst health effects of the Covid-19 pandemic, the Asian Development Bank said on Thursday.

With new export controls, US takes another step to clamp down on China

July 31, 2020

New US rules restricting exports to China to prevent sensitive technologies from being used by the Chinese military are the latest development in the deteriorating relationship between the two countries. And the worst is yet to come, legal experts say.

US mask and ventilator imports plummet despite soaring coronavirus cases, as China’s PPE engine loses steam

July 31, 2020

Personal protective equipment (PPE) – a catchall term used for any equipment from headgear and aprons to respirators and safety glasses which have boomed through the pandemic – fell by 21.6 per cent in July, with official government customs data yet to be released.

Hajj begins in Saudi Arabia amid coronavirus pandemic

July 30, 2020

The Hajj rituals begin on Wednesday in Mecca, Saudi Arabia.

Hong Kong stressed out as COVID-19 cases exceeds 3,000

July 30, 2020

Hong Kong is getting stressed out in the face of a resurgence of epidemic as its total number of COVID-19 cases exceeded 3,000 on Wednesday.

China Focus: China pins hope on new development pattern to crank up economy

July 30, 2020

At a time when the global economic recovery was complicated by the unabated COVID-19 pandemic and anti-globalization sentiment, China brought to the table a new development pattern.

U.S. to withdraw 11,900 troops from Germany: Pentagon

July 30, 2020

U.S. President Donald Trump has repeatedly complained that U.S. allies are exploiting the country on defense spending.

Xi Focus: Xi presents order to promote military officer to rank of general

July 30, 2020

Xi Jinping, chairman of the Central Military Commission (CMC), Wednesday presented a certificate of order at a ceremony to promote Xu Zhongbo, political commissar of the Rocket Force of the Chinese People's Liberation Army, to the rank of general.

Brazil's COVID-19 death toll tops 90,000, infections top 2.5 mln

July 30, 2020

Brazil's novel coronavirus (COVID-19) outbreak marked grim milestones on Wednesday, with the death toll surpassing 90,000, the number of people testing positive going over 2.5 million, and a record number of new cases emerging in a single day (nearly 70,000).

Coronavirus vaccine success to hinge on global immunisation programme

July 30, 2020

Tens of thousands of volunteers around the world are being injected with experimental Covid-19 vaccines as developers race to find effective prevention.

As US-China tensions heat up, Taiwan’s firms pivot to India

July 30, 2020

Taiwanese firms seeking to reduce their reliance on mainland China amid the fallout from the coronavirus and the US-China trade war are pivoting to India, drawn by its giant market, inexpensive skilled workforce and generous tax breaks.

Australia becomes China’s top source of coking coal as stimulus stokes construction boom

July 30, 2020

Australia became the largest exporter of coking coal to China in the first half of the year due to a strong rebound in steel production used to supply the country’s post-Coronavirus infrastructure and property building boom.

China’s steel imports top exports for first time since 2009 to aid economic recovery from coronavirus

July 29, 2020

China became a net steel importer in June for the first time since the last global recession in 2009, with exports from India, Japan, South Korea and Vietnam set for short term gains as demand overshoots supply in the rapidly recovering economy.

How the China-Iran economic and security deal endangers India’s strategic interests in the Middle East

July 29, 2020

China suspends HK extradition, judiciary assistance treaties with Canada, Australia, Britain

July 29, 2020

China on Tuesday announced a decision to suspend extradition and judiciary assistance treaties between its Hong Kong Special Administrative Region (HKSAR) and Canada, Australia and Britain.

Brazil loses nearly 1.2 mln formal jobs in H1

July 29, 2020

Brazil's economy lost 1,198,363 formal jobs in the first half of the year, the Economy Ministry said on Tuesday.

Coronavirus: Hong Kong association urges landlords to offer rental lifeline to retailers struggling amid pandemic

July 29, 2020

The Hong Kong Retail Management Association has appealed to landlords for generous rent-relief measures to rescue coronavirus-stricken retailers, warning that more than 60,000 shops are facing closure while over 260,000 workers may lose their jobs.

More Hong Kong restaurants shut down, shift to delivery as coronavirus dining ban poses existential threat

July 29, 2020

​Restaurants in some of Hong Kong's main commercial districts are closing down as their owners opt to open kitchens in more affordable industrial areas offering only delivery services, according to property agents.

S.Korea’s export volume posts single-digit fall in June

July 29, 2020

South Korea's export volume posted a single-digit fall last month on robust demand for chemical and electronic products, central bank data showed Tuesday.

Malaysia's exports grow 8.8 pct in June

July 29, 2020

Malaysia's exports grew 8.8 percent year on year to 82.87 billion ringgit (about 19.5 billion U.S. dollars), showing signs of recovery from the COVID-19 impact, official data showed Tuesday.

Export expectations of German manufacturers continue to rise: ifo

July 29, 2020

The ifo export expectations for German manufacturers rose from minus 2.2 points to plus 6.9 points in July as "cautious optimism is spreading," the ifo Institute announced on Tuesday.

Japan's automaker expects net loss of 6.4 bln USD in FY 2020

July 29, 2020

Japan's Nissan Motor Co. said on Tuesday that it expected a net loss of 670 billion yen (6.4 billion U.S. dollars) in the fiscal year 2020 (April 1, 2020-March 31, 2021) amid the COVID-19 epidemic.

China Ningbo Containerized Freight Index (South America routes) soars

July 28, 2020

The China Ningbo Containerized Freight Index (NCFI) reported a soar in freight indices in the east South America routes.

China's economy to grow 2.5 pct this year: Bloomberg report

July 28, 2020

China's economy will grow 2.5 percent this year, Bloomberg News has reported, citing the UBS Group AG that raised its forecast from 1.5 percent due to the recovery in domestic consumption and strong investment.

Hong Kong's exports down 1.3 pct in June

July 28, 2020

The value of Hong Kong's total exports decreased to 305.6 billion HK dollars (about 39.35 billion U.S. dollars) in June, down 1.3 percent compared with the same month last year, the Census & Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government announced on Monday.

Google extends work from home through June 2021

July 28, 2020

Google will allow most employees to work from home through June 2021 as COVID-19 cases continue to surge, according to a report by San Francisco Chronicle on Monday.

Russia does not seek to rejoin G7: Kremlin

July 28, 2020

Russia has no plan to rejoin the Group of Seven given its satisfaction with the Group of 20, the Kremlin said Monday.

WHO chief says global COVID-19 cases double over past 6 weeks

July 28, 2020

World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said Monday that he will reconvene the Emergency Committee on Thursday to re-evaluate the COVID-19 pandemic, as global COVID-19 cases had doubled over the past six weeks.

Cross-border e-commerce trade soars in bonded zone

July 28, 2020

E-commerce trade volumes at a bonded zone in central China's Henan Province registered fast growth in the first half of this year, according to Zhengzhou customs.

New Zealand suspends extradition treaty with Hong Kong in light of national security law

July 28, 2020

​New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes following China's decision to pass a national security law for the city, Foreign Affairs Minister Winston Peters said on Tuesday.

Hong Kong third wave: struggling catering sector calls for HK$8 billion government bailout as restaurant ban looms amid Covid-19 crisis

July 28, 2020

​China's industrial giants saw their monthly profits grow for a second successive month in June, but remained in the red over the half of the year, due to the impact of the coronavirus.

Australia’s Lynas to design Texas rare earths factory as US seeks to reduce reliance on China

July 28, 2020

​Australian miner Lynas Corp, the key source of rare earths outside China, will aim to complete planning work on a rare earths processing plant in Texas by mid-2021 after it won funding from the US Department of Defence.

US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

July 28, 2020

​Beijing appears to be alarmed by a US probe into whether the yuan is being undervalued to give Chinese exporters an unfair advantage, which could spell big trouble for China's US$450 billion worth of annual exports to the United States.

Nonetheless, it represents a new blow to Hong Kong's status as a free trade hub separate from mainland China.

July 27, 2020

The EU also vowed to “follow closely the political situation in Hong Kong in the lead up to the Legislative Council elections on September 6”, but insisted that it will act in coordination with international partners.

China’s industrial giants saw profits tumble in first half of 2020, but recovery continued in June

July 27, 2020

​China's industrial giants saw their monthly profits grow for a second successive month in June, but remained in the red over the half of the year, due to the impact of the coronavirus.

China insiders see ‘no progress’ on ending subsidies, as clock ticks on EU investment deal talks

July 27, 2020

Gold’s price tops US$1,900 an ounce for the first time since 2011 in a race towards a record, in a rally driven by cheap money

July 27, 2020

Australia’s spot as China’s top source for iron ore under threat as new mega ports open door for Brazil and Africa

July 27, 2020

Australia's share of China's iron ore imports may be at risk following the opening of four new ports along China's coast that can operate berths for extra-large ships, opening up new possibilities for greater imports from Brazil and Africa.

Shanghai must become a global financial centre, report says

July 27, 2020

The escalating tensions between China and the United States and related uncertainty over Hong Kong makes the development of Shanghai as an international financial centre more urgent than ever, according to a new report.

U.S. eases export restrictions on drones

July 27, 2020

The U.S. government on Friday announced updated export restrictions on unmanned aerial systems (UAS), a move long sought by the country's defense industries.

Thailand urged to reopen northern border checkpoints to allow cross-border trading

July 27, 2020

The Thai government was urged on Saturday to reopen northern border checkpoints to allow cross-border trading between Thailand and Myanmar to resume from next month.

Indonesia's economy forecast to decelerate slightly in 2020 over COVID-19

July 27, 2020

The Indonesian government forecast the country's economy would decelerate slightly this year, head of the Fiscal Policy Office of the Finance Ministry Febrio Kacaribu said on Friday.

Update: China firmly opposes U.S. forcibly entering Chinese consulate general in Houston

July 27, 2020

The Chinese Foreign Ministry on Saturday expressed strong dissatisfaction and firm opposition to U.S. law enforcement officers' forced entry into the Chinese consulate general in Houston.

China informs U.S. to close its Consulate General in Chengdu

July 24, 2020

Chinese Foreign Ministry on Friday informed the U.S. Embassy in China of its decision to withdraw its consent for the establishment and operation of the U.S. Consulate General in Chengdu.

China’s sex toy makers in growth spurt, as coronavirus lockdowns fuel global appetite

July 24, 2020

Sex toy manufacturers in China have seen a surge in orders since the start of the coronavirus, marking one of a few bright spots in an economy battered by the pandemic, according to industry insiders.

US dollar at risk of sudden collapse? Ex-IMF official warns ‘blow-up event’ could sink currency as debt mounts

July 24, 2020

With the United States expected to double down on its fiscal stimulus measures to mitigate the economic fallout from the coronavirus pandemic, and the US Federal Reserve continuing its aggressive monetary policy easing

China-Pakistan Economic Corridor to create new opportunities for growth, stability: Pakistani president

July 24, 2020

The China-Pakistan Economic Corridor (CPEC) is an epitome of cooperation between the two countries, and Pakistan is eager to enhance the progress with China, further strengthen the development with class and quality and bring benefits for both countries, said Pakistani President Arif Alvi.

Roundup: S.Korea's Q2 GDP hits biggest fall in 22 years over COVID-19

July 24, 2020

South Korea's second-quarter gross domestic product (GDP) hit the biggest fall in more than 22 years on the back of an economic fallout from the COVID-19 outbreak across the world, central bank data showed Thursday.

Spotlight: U.S. weekly jobless claims rise for first time since March amid resurgence in COVID-19 cases

July 24, 2020

The number of initial jobless claims in the United States rose to 1.4 million last week amid a resurgence in COVID-19 cases, reversing nearly four months of consecutive declines in new applications, and raising uncertainty over the prospect of economic recovery.

China ties could be a highlight of new Germany-led EU

July 24, 2020

Germany has recently taken over the rotating presidency of the Council of the European Union (EU) amid a devastated global economy.

China remains Philippines' top export market, import supplier

July 24, 2020

China remains the Philippines' top export market with almost 27 percent of the Philippines' total exports being shipped to the world's second largest economy, the Philippines' Department of Trade and Industry (DTI) said on Thursday.

China to develop 1,000 clusters of small stores by 2025

July 24, 2020

China will develop 1,000 clusters of small stores in 100 pilot cities nationwide by 2025, according to a recent notice jointly released the Ministry of Commerce and six other government departments.

U.S. request to close Chinese Consulate General in Houston "political provocation": Chinese embassy

July 24, 2020

"China strongly condemns and firmly opposes such an outrageous and unjustified move which sabotages China-U.S. relations," says the embassy.

Tesla reports surprise profit amid coronavirus pandemic, with China the ‘star of the show’

July 23, 2020

Tesla reported a surprise second-quarter profit on Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new factory in Texas.

Hong Kong’s Cathay Pacific delays aircraft deliveries, slowing cash burn amid Covid-19 travails

July 23, 2020

Cathay Pacific is burning about half as much cash, HK$1.5 billion (US$194 million) a month, as it did when the Covid-19 pandemic first hit the industry.

U.S. oil imports, exports up last week: EIA

July 23, 2020

U.S. crude oil imports and exports both increased during the week ending July 17, the U.S. Energy Information Administration (EIA) said Wednesday.

Interview: Chinese enterprises to pursue opportunities in Ghana's growing market

July 23, 2020

Ghana is set to benefit from increased Chinese investment, as some companies attending the 2019 China Trade Week (CTW) believe in great prospects for investment in the Ghanaian market.

Chile reports over 336,000 cases of COVID-19, with 8,700 deaths

July 23, 2020

Chile on Wednesday reported 336,402 COVID-19 cases and 8,722 deaths from the disease, after tests detected 1,741 new cases of infection in the past 24 hours and 45 more patients died.

Brazil's president tests positive for COVID-19 for third time

July 23, 2020

Brazil's President Jair Bolsonaro again tested positive for the novel coronavirus, indicating he must remain in isolation, the president's office said on Wednesday.

Mexico tallies over 40,000 COVID-19 deaths

July 23, 2020

Mexico added 6,859 COVID-19 infections and 915 fatalities on Tuesday, bringing the national tally of the two figures to 356,255 and 40,400, respectively, the health ministry said.

Roundup: New approaches vital as world grappling with worst recession in decades

July 23, 2020

Senior UN officials, Nobel laureates and eminent academic experts gathered virtually on Wednesday for the launching of a new UN report and reached a consensus that new approaches must be taken while the world is grappling with the worst recession in decades due to the COVID-19 pandemic.

Nepali gov't ends 4-month lockdown as new COVID-19 cases drop

July 23, 2020

The Nepali government has decided to formally end the nearly four-month lockdown, allowing almost all economic activities to operate as the country witnesses declining number of new COVID-19 cases in recent days, a senior cabinet minister said.

Hainan's actual use of foreign investment doubles in H1

July 22, 2020

Driven by the policy of a free trade port, the actual use of foreign investment in China's southern island province of Hainan continues to grow rapidly, statistics show.

Guangdong's foreign trade down 7.1 percent in H1

July 22, 2020

Total foreign trade in south China's Guangdong Province contracted by 7.1 percent year on year to 3.06 trillion yuan (about 438 billion U.S. dollars) in the first half of this year, customs statistics showed.

Tianjin parallel auto imports gain momentum in June

July 22, 2020

The northern Chinese port city of Tianjin saw an increase in the parallel-import auto business in June, with a surge of vehicles purchased directly from production bases and dealers abroad for sale in China.

Brazil reports over 2.15 mln COVID-19 cases, 81,487 deaths

July 22, 2020

Brazil on Tuesday reported a total of 2,159,654 people have tested positive for COVID-19 and 81,487 patients have died from the disease.

Cumulative COVID-19 infections in Japan's capital near 10,000

July 22, 2020

Tokyo reported 237 new COVID-19 cases on Tuesday, with the capital's cumulative total nearing the 10,000-mark as the city continues to grapple with rising infections.

China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions

July 22, 2020

​China modestly increased its holdings of US Treasury securities in May, the first in three months, despite rising trans-Pacific tensions and growing talk of a financial war between the world's two largest economies.

U.S. dollar weakens following EU stimulus deal

July 22, 2020

The U.S. dollar dropped noticeably in late trading on Tuesday as the euro extended gains after European Union (EU) leaders reached a deal on a massive stimulus plan for their coronavirus-battered economies.

Swiss watch exports see "unprecedented" drop in H1, mitigated by China

July 22, 2020

Switzerland's watch industry experienced an "unprecedented crisis" in the first six months due to the coronavirus pandemic and a temporary halt in production and sales

German pharmaceutical industry increases exports during COVID-19 crisis

July 22, 2020

Exports of Germany's pharmaceutical industry from March to May increased by 14.3 percent year-on-year to 22.1 billion euros (25.3 billion U.S. dollars), the Federal Statistical Office (Destatis) announced on Tuesday.

Spotlight: U.S. economy at risk of double-dip recession amid COVID-19 resurgence

July 22, 2020

The resurgence of COVID-19 cases across the United States is raising the risk of a double-dip recession if the country is unable to reign in the pandemic, economists have warned.

Chinese export insurance company maintains steady business growth in H1

July 21, 2020

China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of this year despite the COVID-19 pandemic.

China Focus: Chinese cinemas reopen after COVID-19 closure

July 21, 2020

Tickets sold like hotcakes and audiences burst into cheers as cinemas in most parts of the Chinese mainland reopened Monday, ending months-long closures meant to contain the outbreak of COVID-19.

Exports of German electrical industry decline by more than 20 pct in May

July 21, 2020

Exports by the German electrical and electronic industry in May decreased by 21.2 percent year-on-year to 13.5 billion euros (15.5 billion U.S. dollars) due to COVID-19, the German Electrical and Electronic Manufacturers' Association (ZVEI) announced on Monday.

Cambodia's rubber export up 18 pct in H1

July 21, 2020

Cambodia exported 123,151 tons of dry rubber in the first half of 2020, up 18 percent compared to the same period last year, said a General Directorate of Rubber report on Monday.

France makes face mask mandatory in all indoor public places

July 21, 2020

The French government's order to make mask-wearing mandatory came into effect on Monday amid signs of worrying acceleration of the virus circulation and growing number of clusters.

Coronavirus: eating cabbage and cucumber might reduce death rate, Covid-19 study says

July 21, 2020

There could be a link between coronavirus death rates and eating certain vegetables, according to a preliminary study in Europe.

Hong Kong third wave: how did city’s scariest surge in Covid-19 cases start, and what did authorities miss?

July 21, 2020

​Groups that were overlooked could be behind Hong Kong's recent surge in coronavirus cases, experts have said, with the Post finding that three in 10 imported Covid-19 infections came from sea or aircrew members, while one in four came from domestic helpers.

Britain suspends Hong Kong extradition treaty over national security law

July 21, 2020

The UK has cut off extradition arrangements and arms exports with Hong Kong authorities, in a diplomatic flare-up with China over the national security law imposed on the city.

Chinese factory owner embraces cutthroat ‘street vendor economy’ to survive

July 21, 2020

With tens of thousands of unsold dresses in his factory inventory, Huang Weijie knew he had to get creative if he hoped to survive the global economic downturn.

Australia’s iron ore exports to China strong, but weak global demand indicates mixed coronavirus recovery

July 21, 2020

Australian iron ore exports to China surged in the first half of the year, as demand from steel mills rose to supply Beijing’s infrastructure building push to boost the coronavirus-hit economy.

China Development Bank offers financing support to Greater Bay Area

July 20, 2020

The China Development Bank (CDB), one of the country's major policy banks, provided 200.2 billion yuan (about 28.61 billion U.S. dollars) in financial support to the Guangdong-Hong Kong-Macao Greater Bay Area in the first half of 2020.

Worldwide COVID-19 cases top 14 mln: WHO

July 20, 2020

Number of confirmed COVID-19 cases has passed 14 million globally as of Sunday morning, the World Health Organization's dashboard showed.

New research finds older children can transmit COVID-19 just as much as adults

July 20, 2020

Children between the ages of 10 and 19 can transmit COVID-19 within a household just as much as adults, according to new research published in the U.S. Centers for Disease Control and Prevention journal Emerging Infectious Diseases.

U.S. researchers develop COVID-19 spike proteins to identify antibodies, prevent infection

July 20, 2020

Researchers at Texas A&M University are developing spike proteins that prevent the SARS-CoV-2 virus from binding to human cells, protecting people from future COVID-19 infections, according to a latest release of the university.

Interview: Belt and Road Initiative contributes to global fight against COVID-19, says Serbian schol

July 20, 2020

China's role in fighting COVID-19 is immense, and its Belt and Road Initiative (BRI) will prove as key to mitigating negative effects caused by the pandemic globally, a Serbian scholar has told Xinhua.

U.S. Navy teams deployed in Texas to combat COVID-19

July 20, 2020

U.S. Navy teams began to be deployed in Texas to help combat the spread of COVID-19, Texas Governor Greg Abbott said on Sunday.

Hainan's actual use of foreign investment doubles in H1

July 20, 2020

Driven by the policy of a free trade port, the actual use of foreign investment in China's southern island province of Hainan continues to grow rapidly, statistics show.

In Malaysia’s Musang King hub of Pahang, a stinky deal for small farmers could hit durian production

July 20, 2020

Prized for its sweet and creamy flesh, the Musang King or Mao Shan Wang durian is one of Malaysia’s most important exports, with 70 per cent of this fruit produced in the state of Pahang and sent to places like mainland China, Hong Kong and Singapore

Coronavirus: e-commerce sales of China goods help pick up export slack amid pandemic

July 20, 2020

Sales of Chinese products to Europe, the United States, Australia, and New Zealand continue to grow through e-commerce channels despite a push by these countries to decouple from China economically.

Australia beef exports ‘rescued’ after China ban by demand from US, South Korea

July 20, 2020

A slump in US beef production in May as a result of the coronavirus pandemic has "rescued" Australian beef exports hurt by a Chinese ban on four of its abattoirs, export data shows, though new demand is unlikely to last long term.

China-ASEAN integration to deepen despite US disruption

July 17, 2020

With the novel coronavirus pandemic wrecking the global economy, economic ties between China and the Association of Southeast Asian Nations (ASEAN), as well as regional economic integration in Asia, will be enhanced despite the US' interruptions in the South China Sea amid its intensifying presidential election season.

What cards could China play in response to UK’s Huawei ban?

July 17, 2020

When the UK made the unwise decision to join the US' politically driven crackdown on Chinese telecom giant Huawei based on fabricated "national security risks," it seemed to be ready to take the countermeasures from China even at the cost of the interests of the UK's businesses.

China to become "export destination country number one" for Germany: IW

July 17, 2020

While the situation in many of Germany's export markets continued to deteriorate, "the Chinese economy is already looking ahead with cautious optimism."

U.S. approaches half million new COVID-19 cases each week: report

July 17, 2020

The United States is approaching half a million new COVID-19 cases each week, according to a report of The COVID Tracking Project released on Thursday.

EU earmarks 2.2 bln euros for 140 transport projects to kick-start recovery

July 17, 2020

The European Union (EU) has earmarked almost 2.2 billion euros (2.5 billions U.S. dollars) for 140 key transport projects, which will help support sustainable transport and create jobs, according to a press release from the European Commission on Thursday.

Brazil registers over 75,000 deaths from COVID-19

July 17, 2020

Brazil registered 1,233 new deaths from COVID-19 in the last 24 hours, bringing the nationwide count to 75,366, the country's health ministry said Wednesday.

Pakistan repatriates 221,279 nationals due to COVID-19: foreign ministry

July 17, 2020

Pakistan said on Thursday that 221,279 nationals had been repatriated who were stranded abroad due to the COVID-19 outbreak.

Japan, Germany vow to deepen cooperation on COVID-19 vaccine development

July 17, 2020

Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel held talks on Thursday, with both sides agreeing to cooperate on the development of an effective vaccine to tackle the COVID-19 pandemic.

New York Governor blames federal government's "incompetence" for COVID-19 spread in New Yo

July 17, 2020

New York State Governor Andrew Cuomo said Thursday that the federal government's "incompetence" in managing the COVID-19 crisis failed New York, which became the first epicenter of the outbreak in the United States in March.

Battered by Covid-19 and trade war, Hong Kong’s exporters brace for impact as US strips city of trad

July 17, 2020

Hong Kong exports to the US had already dropped 22.3 per cent by volume over the first five months of this year. Photo: Winson WongHong Kong exports to the US had already dropped 22.3 per cent by volume over the first five months of this year.

Ecuador guarantees ‘necessary procedures’ to ensure safety of exports to China

July 16, 2020

Ecuador has promised China that it will perform the "necessary procedures" to guarantee the safety of exported products, the Embassy of the Republic of Ecuador in China told the Global Times on Wednesday.

China's GDP likely expanded 2-3% in Q2

July 16, 2020

High-frequency data such as industrial power consumption and raw steel production are pointing to a stronger June industrial performance that could result in the Chinese economy returning to positive territory with a growth rate of 2-3 percent in the second quarter, Chinese analysts said Wednesday.

Spotlight: Moderna to start final clinical trial for COVID-19 vaccine in late July

July 16, 2020

U.S. biotech company Moderna plans to begin its final phase of testing for its COVID-19 vaccine on July 27, according to details posted Tuesday on government database clinicaltrials. gov.

Wells Fargo announces 2.4-bln-USD Q2 loss amid pandemic

July 16, 2020

Major U.S. multinational bank Wells Fargo & Company has reported a net loss of 2.4 billion U.S. dollars for the second quarter of 2020, compared with a net income of 6.2 billion dollars for the same period last year.

Non-food retailers in Germany likely to lose 40 bln euros in sales in 2020

July 16, 2020

The non-food retail sector in Germany could lose 40 billion euros (45.77 billion U.S. dollars) in sales in 2020, shrinking by four percent year-on-year even if there was no second wave of COVID-19 in the country, the German Retail Federation (HDE) announced on Wednesday.

Indonesia records trade balance surplus of 1.27 bln USD in June

July 16, 2020

Indonesia's trade balance in June 2020 showed a surplus of 1.27 billion U.S. dollars with the export value of 12.03 billion U.S. dollars and the import value of 10.76 billion U.S. dollars, according to the Central Agency of Statistics.

S. Korea's import price rises for 2 months on higher oil price

July 16, 2020

South Korea's import price rose for two straight months on higher global crude oil price, central bank data showed Wednesday.

Laos to boost export of agricultural products to China

July 16, 2020

The Lao government is cooperating with different sectors and entrepreneurs to improve the quality of agricultural products in order to increase exports to China.

China plans Greater Bay Area airport cluster by 2025

July 16, 2020

China aims to finish the building of a world-class cluster of airports in the Guangdong-Hong Kong-Macao Greater Bay Area by 2025, according to a new plan released by the Civil Aviation Administration of China.

Prospects of Thailand's rice export in H2 "not too bright" amidst sluggish global demand:

July 16, 2020

The Thai Rice Exporters Association on Wednesday said in a press briefing that Thailand's rice export prospects would not look too bright in the second half of the year amid sluggish global demand hit by the COVID-19 crisis.

China's exports, imports up in June

July 15, 2020

China saw its foreign trade rise 5.1 percent year on year in June, with exports and imports up 4.3 percent and 6.2 percent respectively, official data showed Tuesday.

Commentary: China's foreign trade growth boosts hope for world economy

July 15, 2020

The latest customs data shows that China's foreign trade has gained steady recovery from the COVID-19 pandemic as the imports and exports both rose remarkably year on year in June.

China's travel agencies to resume trans-provincial tours

July 15, 2020

Travel agencies in China have been given permission to resume group tours that cross provincial borders, following a period of suspension due to the COVID-19 epidemic, the Ministry of Culture and Tourism said in a circular on Tuesday.

Global oil demand to record historic growth in 2021: OPEC

July 15, 2020

The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seven million barrels per day (b/d) in 2021, although it will remain far below the pre-COVID-19 level.

Clinical trial results show experimental COVID-19 vaccine in U.S. safe, generating immune response

July 15, 2020

An investigational COVID-19 vaccine, mRNA-1273, was generally well tolerated and prompted neutralizing antibody activity in healthy adults, according to interim results published online Tuesday in The New England Journal of Medicine.

Feature: Sales of bikes up in Turkey as alternative to public transport amid COVID-19

July 15, 2020

In a bicycle shop in Ulus district of Ankara, Turkey's capital, a bicycle dealer was discussing with a potential buyer about using the bike to avoid the public transportation during the COVID-19 pandemic.

Brazil's COVID-19 death toll tops 74,000 as nearly 2 mln people infected

July 15, 2020

Brazil on Tuesday reported 1,300 deaths from the novel coronavirus (COVID-19) in a single day, taking its death toll to 74,133.

Thai economy unlikely to return to levels seen before COVID-19 pandemic until 2022: Thai Central Ban

July 15, 2020

Thailand's central bank on Tuesday said in a press briefing that Thailand's economic activities are unlikely to return to levels seen before the COVID-19 pandemic.

Los Angeles County reports highest single-day increase of COVID-19 cases

July 15, 2020

The Los Angeles County Department of Public Health Tuesday confirmed 4,244 new cases of COVID-19 and 2,103 people are currently hospitalized, both at record levels.

Economic Watch: China's foreign trade beats estimate in H1 as economy recovers

July 15, 2020

China registered better-than-expected foreign trade performance in the first half of the year, with exports and imports both rising in June, as the country's economic recovery gathers momentum amid further containment of COVID-19.

China vows efforts to further restore hog production

July 14, 2020

China will continue to boost the production of hogs in an effort to keep the price of pork stable, the Ministry of Agriculture and Rural Affairs said Monday.

Cross-border e-retailer shrugs off COVID impact

July 14, 2020

DHgate leverages diversified tools and strategies for growth amid headwinds Cross-border e-commerce is expected to play a bigger role in revitalizing foreign trade and accelerating the digitalization push of traditional small and medium-sized enterprises as the country steps up efforts to mitigate the COVID-19 outbreak's effect on trade activities, industry insiders said.

China’s trade economy roared back to growth in June, as coronavirus lockdowns eased abroad

July 14, 2020

China's trade economy roared back to growth in June, with exports and imports both recovering from the coronavirus lockdown, data released on Tuesday showed.

Becoming the next Asian export powerhouse

July 14, 2020

Bangladesh's export sectors have been witnessing an unprecedented time due to the Covid-19 pandemic. The novel coronavirus has swept through the entire landscape of global economy including Bangladesh.

Myanmar's foreign trade reaches over 28 bln USD in 10 months of FY 2019-20

July 14, 2020

The total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry on Monday.

S.Korea's ICT export rises in June on demand for computers

July 14, 2020

South Korea's export of information and communications technology (ICT) products rose last month thanks to demand for computers and back-up memory units, a government report showed Monday.

Chinese banking sector's assets up 9.8 pct

July 14, 2020

The total assets in China's banking sector continued to expand in the first half of the year while the industry's non-performing ratio saw a slight increase as the economy faced headwinds.

Russia's COVID-19 cases up 6,537 to 733,699

July 14, 2020

Russia has registered 6,537 new COVID-19 cases in the last 24 hours, bringing its total to 733,699, the country's COVID-19 response center said in a statement Monday.

Singapore’s economy shrinks by over 40 per cent in Q2, entering recession

July 14, 2020

Singapore’s export-focused economy sharply contracted in the second quarter according to early estimates released by the trade ministry, sending the city state into a technical recession and putting it on track for its worst economic showing since independence.

In China’s manufacturing hub of Dongguan, a sock maker struggles to keep his factory from folding

July 14, 2020

After nearly three decades, Lin Danru, 54, fears that his sock factory’s days are numbered. Export orders have dried up amid the coronavirus pandemic.

Australia exports to China remained strong in May despite rising political tensions

July 14, 2020

Despite rising tensions between China and Australia, overall trade between the two countries has remained steady, with some sectors even posting increases, the latest export data and sector updates showed.

Xinjiang's Alataw Pass handles over half China-Europe rail-freight in H1

July 14, 2020

The customs authority at Alataw Pass, a major rail port in northwest China's Xinjiang Uygur Autonomous Region, handled a total of 2,128 China-Europe freight trains during the first half of the year, the authority said.

China's mobile phone shipments reach 28.63 mln units in June

July 14, 2020

China's mobile phone shipments stood at 28.63 million units in June, down 16.6 percent year on year, data from the China Academy of Information and Communications Technology (CAICT) shows.

Mandatory masks, Mickey at a distance as Walt Disney World reopens

July 13, 2020

Walt Disney Co welcomed a limited number of guests to its two most popular parks at the sprawling Orlando complex, the world's most-visited theme park resort, with a host of safety measures designed to reassure visitors and reduce the chances of catching the sometimes deadly virus.

Australia keen on penning RCEP trade pact this year despite disputes with China

July 13, 2020

Australia has reaffirmed its commitment to signing the Regional Comprehensive Economic Partnership (RCEP) trade agreement despite rising political tensions with China – a key supporter of the treaty – possibly paving the way for a new platform for trade-conflict resolution between the two countries.

China loans hits record US$1.73 trillion in first half of 2020 after strong June as coronavirus reco

July 13, 2020

New bank lending in China rose 22.3 per cent in June from May as authorities continued to boost credit and ease policy to get the world’s second-largest economy humming again after a sharp coronavirus-induced contraction.

Coronavirus, US-China trade war see 95 per cent of American firms wanting to ditch Chinese suppliers

July 13, 2020

Jaded by two years of trade war tariffs, worried by the disruptive coronavirus pandemic and anxious about the crumbling US-China relationship, a vast majority of American buyers are looking to shift their supplier base away from China, new research shows.

China's largest fresh water lake hits record-high water level

July 13, 2020

Poyang Lake, China's largest freshwater lake located in the eastern province of Jiangxi, has seen its water level rise to a record high at midnight Sunday, according to the provincial department of water resources.

Tianjin Port posts rise in cargo throughput in H1

July 13, 2020

China's Tianjin Port saw cargo throughput rise 1.7 percent year on year to 208 million tonnes in the first half of this year, according to the Tianjin Port (Group) Co., Ltd.

Cross-border trade settlement in renminbi at 3.08 trillion yuan in H1

July 13, 2020

Renminbi-denominated cross-border trade settlement hit 3.08 trillion yuan (about 440 billion U.S. dollars) in the first half of the year, central bank data showed Friday.

China's farm produce trade deficit expands in Jan.-May

July 13, 2020

China's trade in agricultural products reported a deficit of 36.67 billion U.S. dollars in the first five months of 2020, up 20.6 percent year on year, official statistics show.

China's excavator sales surge 62.9 pct in June

July 13, 2020

China's excavator producers reported surging sales in June, foreshadowing a quick demand recovery amid construction boom in the country, industrial data showed.

China's consumer inflation rises slightly to 2.5 pct in June

July 13, 2020

China's consumer inflation remained generally stable in June under the country's continued efforts toward economic recovery, official data showed Thursday.

Argentina should explore more business opportunities abroad to increase exports: FM

July 13, 2020

Argentine Foreign Minister Felipe Sola said here Saturday that the country should explore more business opportunities abroad to increase exports.

U.S. state of Florida sets new record for daily coronavirus cases

July 13, 2020

The U.S. state of Florida reported 15,299 new coronavirus cases Sunday, shattering not only its own previous single-day records, but also those of any other state as the pandemic continued to rage in the country.

Australia to reimpose six-week coronavirus lockdown in second largest city as country battles potent

July 10, 2020

Strict lockdown measures are to be reimposed in Australia's second largest city, as authorities scramble to prevent a second wave of coronavirus infections spreading across the country.

China's autonomous fishing moratorium a milestone for global ocean governance

July 10, 2020

China recently started a three-month fishing moratorium on parts of the high seas in the southwest Atlantic and east Pacific.

Chinese gourmets rescue New Zealand lobster export trade, with reopening of restaurants bringing sur

July 10, 2020

New Zealand exports of live lobster are surging as Chinese gourmets return to restaurants.

Exports of Chinese "stinky" noodles soar in H1

July 10, 2020

Exports of Luosifen, an iconic dish known for its pungent smell in the southern Chinese city of Liuzhou, registered remarkable growth in the first half of this year, data from Liuzhou Customs showed Thursday.

LATAM Brasil files for bankruptcy protection in U.S. citing pandemic impact

July 10, 2020

LATAM Airlines Brasil, the second-largest carrier operating in Brazil, said Thursday it filed for Chapter 11 bankruptcy protection in the United States amid the financial impact of the COVID-19 pandemic.

German exports in May still far below pre-crisis level

July 10, 2020

German exports in May recovered by 9 percent compared with the previous month and reached 80.3 billion euros (91 billion U.S. dollars), the Federal Statistical Office (Destatis) announced on Thursday.

Macao's land containerized cargo grows 45.8 pct in May

July 10, 2020

The gross weight of containerized cargo by land to Macao in May grew 45.8 percent year-on-year to 1,953 tonnes, the special administrative region's statistic service said on Sunday.

Vietnam's footwear export down in H1

July 10, 2020

Vietnam raked in over 8.1 billion U.S. dollars from exporting footwear between January and June, witnessing a year-on-year decline of 6.7 percent, according to the Ministry of Industry and Trade on Tuesday.

Vietnam imports less steel in first 6 months

July 10, 2020

Vietnam spent more than four billion U.S. dollars importing roughly 6.8 million tons of steel and iron in the first six months of this year, down 16.3 percent in value and 5.4 percent in volume against the same period last year.

Feature: Demand for natural foods boosts New Zealand honey export

July 10, 2020

Stronger demand for natural foods during the COVID-19 pandemic has created a boom of honey industry in New Zealand, the national apiculture industry organisation Apiculture New Zealand told Xinhua on Wednesday.

Vietnam's wood, woodwork export up slightly in H1

July 10, 2020

Vietnam earned nearly 5 billion U.S. dollars from exporting wood and wood-based products in the first half of this year, up 2.4 percent against the same period last year, according to the Vietnam Administration of Forestry on Wednesday.

Vietnam's plastic import volume up 5.3 pct in 6 months

July 10, 2020

Vietnam imported more than 3.1 million tons of plastic worth roughly 3.9 billion U.S. dollars in the first six months of this year, posting a year-on-year rise of 5.3 percent in volume and decrease of 11.1 percent in value, according to its Ministry of Industry and Trade on Wednesday.

China’s car sales still showing signs of growth as world’s largest market recovers from coronavirus

July 09, 2020

China’s car sales continued to recover in June, the China Passenger Car Association said on Wednesday.

Chinese academics claim US has started cold war as tensions simmer over South China Sea, Xinjiang, T

July 09, 2020

The United States is launching a cold war against China, according to almost two thirds of Chinese researchers in a survey conducted by a Beijing-based think tank.

Pressure on China’s manufacturing sector fell in June as coronavirus impact eased

July 09, 2020

Pressure on China’s manufacturing sector eased in June following the impact of the coronavirus pandemic, data released on Thursday showed.

New duty-free policy unveiled to stimulate consumption in South China’s Hainan

July 09, 2020

A newly updated duty-free policy was officially implemented in South China’s island province Hainan starting from July 1, one month after a master plan was released aiming to build the province into a globally influential high-level free trade port.

China’s factory activity grows for 4 straight months, gaining recovery momentum: foreign media

July 09, 2020

China’s factory activity expanded at a stronger pace in June, signaling that the country’s economic recovery is gaining momentum, The Wall Street Journal reported on June 30.

China, Russia vow firm mutual support

July 09, 2020

BEIJING, July 8 (Xinhua) -- Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, held a phone conversation on Wednesday, vowing that the two countries will firmly support each other in safeguarding sovereignty.

Trudeau concerned by reported U.S. threat of tariffs on Canadian aluminum, steel

July 09, 2020

Canadian Prime Minister Justin Trudeau said Wednesday that he is concerned about reports that the United States is considering reimposing tariffs on Canadian aluminum and possibly steel.

Brazilian meat plants lose court case against EU import ban

July 09, 2020

The General Court of the European Union (EU) on Wednesday dismissed a case filed by two Brazilian meat producers who cried foul over the 2018 decision by the European Commission not to allow their products to be imported into the EU for public health reasons.

Spotlight: U.S. steps up COVID-19 vaccines, therapies development as caseload tops 3 mln

July 09, 2020

The U.S. National Institute of Allergy and Infectious Diseases (NIAID) announced the establishment of a new clinical trials network on Wednesday aiming to step up vaccines and monoclonal antibodies testing, as the country's confirmed COVID-19 cases surpassed 3 million.

Malaysia’s palm oil firm Sime Darby probes allegations of labour abuse

July 09, 2020

Malaysia's Sime Darby Plantation on Wednesday said it would look into “serious allegations” of forced and child labour conditions in its estates, after a Hong Kong-based activist group petitioned the US Customs to ban imports of its palm oil.

US lighting company Alpan joins an exodus of manufacturers leaving China to get around higher tariff

July 08, 2020

​Alpan Lighting Products, a US manufacturer of solar lamps, is shifting production from China to Indonesia, joining droves of companies looking to escape higher tariffs triggered by the trade war with the US.

Severe backlog in Europe-bound trains at Chinese border, as coronavirus increases rail freight volum

July 08, 2020

A Chinese rail freight operator has cut cargo services to central Europe amid a backlog of trains waiting at the Chinese border to leave the country, the 21st Century Business Herald reported on Saturday.

Thailand has Asia’s gloomiest economic forecast as tourism and exports hit hard by coronavirus

July 08, 2020

Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.

US coronavirus stimulus reignites China’s criticism of dollar hegemony, but no alternative seen any

July 08, 2020

The US economic policy response to the coronavirus crisis and the threat of financial sanctions on China have reinvigorated criticism in Beijing over the US dollar hegemony, but few analysts see a viable alternative currency emerging any time soon.

Israel's forex reserves hit all-time high of over 147 bln USD

July 08, 2020

JERUSALEM, July 7 (Xinhua) -- Israel's foreign exchange reserves hit a new record of 147.33 billion U.S. dollars at the end of June, according to data released by Israel's central bank on Tuesday.

White House eyes 1 trln USD for next COVID-19 relief bill: official

July 08, 2020

WASHINGTON, July 7 (Xinhua) -- The White House expects the next COVID-19 relief bill to cost about 1 trillion U.S. dollars and wants Congress to pass the legislation by the first week in August, a top aide to U.S. Vice President Mike Pence said on Tuesday.

Italy to cut red tape, speeding up economic recovery amid coronavirus emergency

July 08, 2020

ROME, July 7 (Xinhua) -- Italian Prime Minister Giuseppe Conte unveiled a simplification plan on Tuesday aimed at bringing the country quickly out of the coronavirus emergency through massive infrastructure spending, among other measures.

U.S. has notified UN chief of withdrawal from WHO: spokesman

July 08, 2020

The UN secretary-general is in the process of verifying with the World Health Organization whether all the conditions for the withdrawal of the United States are met, a spokesman said.

Central gov't office for safeguarding national security in Hong Kong inaugurated

July 08, 2020

HONG KONG, July 8 (Xinhua) -- The Office for Safeguarding National Security of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR) was inaugurated here on Wednesday morning.

Brazilian President Jair Bolsonaro tests positive for COVID-19

July 08, 2020

Bolsonaro campaigned for continued economic activity and often appeared in public without a face mask and disregarded social distancing.

Europe-bound freight trains from China's Yiwu increase by 151 pct in H1

July 07, 2020

The number of Europe-bound freight trains departing from the city of Yiwu in east China reached 296 in the first half of this year, up 151.1 percent year on year

China's university exam begins after virus delay

July 07, 2020

Almost 11 million students began taking China's university entrance exam Tuesday after a delay as the country worked to bring down coronavirus infections.

China's Wuhan ups flooding response level to second highest

July 07, 2020

Wuhan, capital of central China's Hubei province, on Monday upgraded its emergency response for flood control from Grade III to Grade II, the second-highest of the four-tier system.

Supply chains need revamp as virus takes toll: Japan trade ministry

July 07, 2020

The coronavirus pandemic has wreaked havoc on global supply chains and the international community must come together to prevent such crises in the future, Japan's annual white paper on trade said Tuesday.

India should not make a bad situation with China worse

July 07, 2020

As an emerging country in South Asia, India relies on geopolitical peace, as well as investments and know-how from its giant northern neighbor China, to grow its still backward economy.

Forum focuses on China-Arab strategic ties

July 07, 2020

The 9th ministerial meeting of the China-Arab States Cooperation Forum is held via video link on July 6, 2020. Mutual support reflects close bonds, cooperation between China and Arab countries

Saudi Arabia has raised import tariffs and value-added tax (VAT) by 10% from July 1st

July 06, 2020

Last month, Saudi Customs decided to raise import duties on some goods from June 10, 2020. The list of goods subject to higher import duties covers more than 2,600 tariff codes, covering more products such as electrical and mechanical products in the home appliances and automobile industries, as well as steel products.

US not on EU’s initial ‘safe list’

July 02, 2020

The European Union (EU) has excluded the US from its initial "safe list" of countries from which the bloc will allow non-essential travel from Wednesday.

52 countries welcome China's adoption of law on safeguarding national security in HongKong

July 02, 2020

Speaking at the 44th session of the United Nations Human Rights Council on Tuesday, Cuba on behalf of 52 countries welcomed the adoption of the law on Safeguarding National Security in the Hong Kong Special Administrative Region by China's top legislature.

India bans TikTok, dozens of other Chinese apps

July 02, 2020

The Indian government on Monday evening said it was banning 59 apps developed by Chinese firms over concerns that these apps were engaging in activities that threatened “national security and defence of India"

U.S. begins to pare back Hong Kong’s special status

June 30, 2020

The United States began eliminating Hong Kong’s special status under U.S. law on Monday, halting defense exports and restricting the territory’s access to high technology products as China prepares new Hong Kong security legislation.

Reviewing the Various Aspects of Significant Controllers Register in Hong Kong

June 29, 2020

The Companies (Amendment) Ordinance 2018(“CAO”) came into operation on 1 March 2018. One of the basic requirements of this ordinance is every company incorporated in Hong Kong must keep a significant controllers register (“SC Register” or “SCR”).

New wave of coronavirus China could originate from imported salmon

June 18, 2020

The European Commission says China has not banned salmon imports, but supermarket shelves in Beijing have been cleared of foreign fish and meat.

RMB: The Best Currency For China Trade

June 18, 2020

According to Barclays Capital, the investment banking division of Barclays PLC, more British retailers are paying in yuan to achieve cost savings of up to 8 percent.

Hainan Free Trade Port, China's ambitious step towards further opening up

June 09, 2020

Beijing’s latest attempt to reinvent the sleepy tropical island as a massive free-trade port have drawn suggestions that it is trying to replace Hong Kong as the trading entrepôt for multinational companies trying to tap the mainland’s manufacturing base or consumer market.