China’s H1 foreign trade down 3.5% y-o-y, better than expected

In H1 2020, China's total foreign trade volume reached 14.24 trillion yuan ($2.04 trillion), down 3.2% y-o-y; Exports contracted 3% to 7.71 trillion yuan while imports were down 3.3% to 6.53 trillion yuan from a year earlier, official data showed on Tuesday. Source: Global Times | 2020/7/14 10:24:16Want to know more on China's H1 foreign trade down 3.5% y-o-y, better than expected click here go to market news...

China estimated to have ridden a brisk rebound in especially imports in June

China is estimated to have ridden a brisk rebound, especially in imports amid the country's economic reboot that has come at a faster-than-expected pace, market watchers said ahead of the June trade data announcement on Tuesday. Source: Globaltimes.cn | 2020/7/14 1:50:14Want to know more on China estimated to have ridden a brisk rebound in especially imports in June click here go to market news source. Market news summary...

Chinese entertainment company Mountaintop refutes online rumors regarding money laundering and national sovereignty

Chinese entertainment company Mountaintop issued a statement on Monday in response to some posts on social media which it said were "false," adding that there was "misleading information" being spread by certain internet users targeting the company and its artists. Source: Global Times | 2020/7/14 1:02:26Want to know more on Chinese entertainment company Mountaintop refutes online rumors regarding money laundering and national sovereignty click here go to market...

Huawei’s revenue up 13.1% in H1 amid pandemic and US crackdown

Huawei, a leading Chinese telecoms equipment maker, posted revenue of 454 billion ($64.88 billion) in the first half of 2020, a 13.1 percent increase year-on-year, with a net profit margin of 9.2 percent, a hard-won feat that beat forecasts amid the pandemic and an intensified US crackdown. Source: Globaltimes.cn | 2020/7/14 0:38:28Want to know more on Huawei's revenue up 13.1% in H1 amid pandemic and US crackdown click...

Two coal producers merge to form China’s 2nd-largest coal miner

China's coal mining giant Yankuang Group will merge with Shandong Energy Group, a statement by the Shandong Energy Group said on Monday. The merger is likely to be completed within a year, and the new company is expected to become China's second-largest coal miner. Source: Global Times | 2020/7/14 0:33:10Want to know more on Two coal producers merge to form China's 2nd-largest coal miner click here go to...

FTSE Russell says inclusion of Sci-Tech Innovation Board only ‘a matter of time’

FTSE Russell is to add Shanghai's Sci-Tech Innovation Board to its global benchmarks when "the time is ripe," a senior executive said, as China's A-share market has been achieving growing influence and global attention amid the recent rally. Source: Global Times | 2020/7/14 0:25:08Want to know more on FTSE Russell says inclusion of Sci-Tech Innovation Board only 'a matter of time' click here go to market news source....

A snap-back V-shaped rebound expected for Chinese economy in Q2

After turning in its first contraction on record in the first quarter amid the coronavirus pandemic, China's economy is solidly back on a growth track in the second quarter, market estimates collected by the Global Times show, a feat that sets the economy apart from the rest of the world that is still seeing the deadly disease acutely undermine growth. Source: Globaltimes.cn | 2020/7/14 0:22:44Want to know more...

Microsoft divests Xiaoice amid China-US tech contest

Microsoft on Monday announced it will divest its Xiaoice business - one of the most popular chatbots in the world - and turn it into an independent company registered in China, while China and the US are competing as global tech superpowers. Source: Global Times | 2020/7/13 23:55:58Want to know more on Microsoft divests Xiaoice amid China-US tech contest click here go to market news source. Market news...

Pork imports likely to increase 1m tons in 2020: agriculture ministry

China is expected to increase pork imports this year by more than 1 million tons on a yearly basis and supplies will be guaranteed in the second half of 2020, a Chinese official said on Monday. Source: Global Times | 2020/7/13 22:18:40Want to know more on Pork imports likely to increase 1m tons in 2020: agriculture ministry click here go to market news source. Market news summary from...

China-India sea trade rates rise amid India’s economic hostility toward China

Shipping rates from China to India are rising, partly due to global shipping firms' rate hikes and partly due to India's economic hostility toward China, industry insiders told the Global Times. Source: Global Times | 2020/7/13 21:33:40Want to know more on China-India sea trade rates rise amid India's economic hostility toward China click here go to market news source. Market news summary from Global Times Market News.Author:

US faces renewed uncertainty as resurgence of coronavirus hampers recovery for companies, individuals

A coronavirus resurgence in the US, which is sending infections to dire new levels in some regions, will add uncertainty to the US economy, experts told the Global Times. Source: Global Times | 2020/7/13 21:18:40Want to know more on US faces renewed uncertainty as resurgence of coronavirus hampers recovery for companies, individuals click here go to market news source. Market news summary from Global Times Market News.Author:
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