Economy

TikTok buyout ‘a ruse’ to take down Facebook’s rival: Insiders

GT staff reporters August 8, 2020

TikTok buyout ‘a ruse’ to take down Facebook’s rival: Insiders

The plan to force TikTok US business to be divested could be a ruse for the US government and tech giants including Facebook to take down the short video platform and allow Facebook to fill the void, industry insiders told the Global Times Tuesday. US President Donald Trump...more

US unlikely to see V-shaped recovery before election

Song Guoyou August 4, 2020

US unlikely to see V-shaped recovery before election

With the highest number of confirmed COVID-19 infections in the world, the US is unlikely to see the V-shaped economic revival which the Trump administration is eager to achieve, as the 100-day countdown to the November 3 presidential election draws near. Even before the onset of the pandemic,...more

US-listed Chinese companies to accelerate homecoming

Dong Shaopeng August 4, 2020

US-listed Chinese companies to accelerate homecoming

Whether or not US-listed Chinese companies should return to Chinese stock markets now seems to be an issue of concern as the bilateral tensions elevate, and risks keep accumulating in the US financial system. A homecoming trend led by Chinese tech giants is set to accelerate. The US...more

China’s SMEs recovering: Survey

GT Staff Reporters July 29, 2020

China’s SMEs recovering: Survey

China's small and medium-sized enterprises (SMEs) are bouncing back from the coronavirus, according to a survey Standard Chartered sent to the Global Times on Tuesday. The survey of hundreds of SMEs across China suggests that SMEs' business activity continued to improve in July despite severe flooding in central...more

President Xi: Stimulating market entities

GT staff reporters July 28, 2020

President Xi: Stimulating market entities

Chinese President Xi Jinping chaired a meeting with entrepreneurs in the country on Tuesday, urging efforts to stimulate the vitality of market entities, promoting entrepreneurship, and of "doing everything possible" to protect market players under unprecedented pressure caused by the pandemic. According to a report from CCTV, Xi...more

India-Australia closeness draws attention

Qian Feng July 27, 2020

India-Australia closeness draws attention

Driven by changes in international and regional affairs, the "Quad" mechanism of the US, India, Japan, and Australia has attracted much attention from all parties, and has taken on new courses of actions. Following the signing of the Australia-India Mutual Logistics Support Arrangement in June, New Delhi announced...more

Xinjiang industrial park puts chip test lines into operation

Left Review Online July 20, 2020

Xinjiang industrial park puts chip test lines into operation

Operations have begun at 5,000 semiconductor test production lines with a total investment of 10 billion yuan ($1.42 billion) in Horgos, Northwest China's Xinjiang Uygur Autonomous Region. Experts believe these facilities will create more opportunities to boost the regional advancement of the semiconductor sector. The Horgos Sanyou Fuxin...more

Travel search volumes surge 500% as Chinese group tours resume

Left Review Online July 20, 2020

Travel search volumes surge 500% as Chinese group tours resume

Search volumes for group tours and self-guided travel skyrocketed by 500 percent after China announced Tuesday to resume group tours across the country, while overseas tours remain suspended, data from travel agency Trip.com showed. China's Ministry of Culture and Tourism issued a circular on Tuesday resuming group tours...more

London’s Huawei decision ‘turning point’ for China-UK ties: Analyst

Shen Weiduo and Zhang Hongpei July 19, 2020

London’s Huawei decision ‘turning point’ for China-UK ties: Analyst

The UK's move to ban Huawei may further sour strained China-UK political ties, largely reduce personnel exchanges, and most likely prompt Beijing to take reciprocal measures against London's discriminatory policy, Chinese observers said. The UK's mobile providers are being banned from buying new Huawei 5G equipment after December...more

Do China-India relations need a reset?

B R Deepak July 10, 2020

Do China-India relations need a reset?

Editor's Note: It has been two weeks since the clash between Indian and Chinese troops at the border. Despite Indian Prime Minister Narendra Modi's acknowledgment that no troops intruded into the Indian side of the border, there has been sweeping nationalism in India that has led to the boycott...more

Indian ban on Chinese apps will backfire on tech sector

Left Review Online July 7, 2020

Indian ban on Chinese apps will backfire on tech sector

Analysts said that the Indian government's ban on 59 apps developed by Chinese companies will hurt India's technology and internet start-ups as they lose Chinese investment. On Monday, India announced it would ban the apps over national security concerns. "The compilation of these data, its mining and profiling...more

Neither divorce nor decoupling realistic in China-US relations

Ling Shengli July 5, 2020

Neither divorce nor decoupling realistic in China-US relations

Voices in China and the US are talking past each other - with hot language of decoupling and divorce. Thomas L. Friedman, an opinion columnist for The New York Times, recently suggested that, "the real story is that the US and China are heading for a divorce" and...more

Can India’s fragile economy survive its own ‘boycott China’ campaign?

Left Review Online June 30, 2020

Can India’s fragile economy survive its own ‘boycott China’ campaign?

(Editor's Note: Since the deadly clash between Chinese and Indian troops in the Galwan Valley on June 15, hyper-nationalism appear to have taken over India, where calls for boycotting Chinese products and footage of Indian citizens destroying TV set have been dominating social media. In China, very few take...more

‘Boycott China’ T-shirts and caps in India were not made in China: Insiders.

Huang Lanlan June 24, 2020

‘Boycott China’ T-shirts and caps in India were not made in China: Insiders.

Beijing. Online gossip has been spreading that some Chinese manufacturers have been caught selling hats, tees, and banners with anti-China slogans such as "Boycott China" to India; however, this is very likely faked, the Global Times found. In fact, Chinese laws and regulations prohibit the export of products...more