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China passed the foreign investment law

Foreign-invested enterprises will equally enjoy government policies supporting enterprise development, and be able to participate in standard-setting on an equal footing and in government procurement through fair competition, according to the law. The law will become effective on Jan. 1, 2020.With unified provisions for the entry, promotion, protection, and management...

Smartphone sales in China continue to decline

The smartphone industry in China has experienced its worst month in recent years. The data particularly show signs of bluntness for Apple in China.China's mobile phone shipments reached 14.51 million in February, according to official data released by the China Academy of Information and Communications Technology, a 20% decline compared...

China unveils $298bn tax cuts to boost growth

Beijing has unveiled a $ 298 billion tax cuts plan to stimulate the Chinese economy, which is currently stagnating. Le Keqiang warned that the country will face a "tough struggle" while exposing plans to support the second economy largest in the world.During the opening of the annual session of the...

Internet in China: China has 829 mln netizens

China's Internet 2018. According to data released by China Internet Network Information Center (CNNIC), in December 2018 China had 829 million netizens. In December, the number of users using short videos reached 648 million, or 78.2% of the total.The increase was achieved thanks to the country's Internet availability rate, which...

In 2018 China lost 161 billionaires as its stock markets plunged

Chinese billionaires. The recent problems affecting the Chinese stock market have influenced the rankings of billionaires in the country. The number of billionaires in Greater China, which also includes Hong Kong and Taiwan, has fallen by 161 unit compared to the previous year, according to the Hurun Report, with a...

China unveils a plan to turn Hong Kong, Macau, and Guangzhou into a Silicon Valley rival

On Monday, China unveiled a new plan to strengthen the connections between Hong Kong and Macao with the cities of southern China to create the so-called Greater Bay Area, to rival the Californian Silicon Valley. The plan, published by the Xinhua news agency, explains how the government will try to...

China says US report on its World Trade Organization (WTO) compliance lacks factual basis

Beijing opposes an American report on its World Trade Organization (WTO) compliance, the Ministry of Commerce said, accusing it of inconsistency. The report is based on US domestic law rather than the WTO agreements and multilateral rules, the ministry said in a statement last Tuesday.According to China, a considerable part...

China’s manufacturing activity contracted for the second-straight month in January

China's manufacturing activity contracted for the second month in a row in January The PMI (Purchasing Managers' Index or the composite index of the manufacturing activity of a country) for January was 49.5, according to data released by the national statistical office, a slightly higher figure than the 49.3 expected...

The United States files charges against Huawei and CFO Meng Wanzhou

The US Department of Justice has filed a series of criminal charges against Huawei, the Chinese telecommunications giant, and its chief financial officer, Meng Wanzhou. The charges include bank fraud, law obstruction, and technology theft.The events will probably sharpen the tensions between the United States and China, already inflamed by...

Microsoft Bing blocked in China

Microsoft confirmed Bing could no longer be accessed in China. The surprise move comes amid tensions between United States and China.According to the Financial Times, the search engine was made inaccessible following government instructions.The move against Microsoft actually puts Apple in alarm, whose revenues depend for a very important percentage...