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China’s growth forecast at 6.1% for 2020

China is facing growing complexities with more risks and challenges from both home and abroad, said the report. The annual growth rate of China's economy is projected at 6.1 percent, according to a report by the Bank of China (BOC). "The overall verdict is cautiously optimistic," the BOC Research Institute said...

Macron in China to discuss trade deals and ‘taboo’ topics

French President Emmanuel Macron in China to sign new trade agreements and to talk about the protests in Hong Kong, Xinjiang. Landing in China on Monday afternoon, Macron will begin its second official trip in Shanghai where he will visit the China International Import Expo, an import trade fair against...

China’s top mobile operators switch on commercial 5G services

China Mobile, China Unicom, and China Telecom, China's three major mobile operators, on Thursday simultaneously launched their 5G service plans in 50 cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. Prices of their monthly 5g plans range from 128 yuan (about 18 U.S. dollars) to 599 yuan. China Unicom's 129-yuan service plan...

China adopts blockchain as a core technology

China is actively adopting blockchain, an underlying technology with a wide range of applications, and sees it as the new frontier of innovation in industries ranging from finance to manufacturing and energy. Xi Jinping, general secretary of the Communist Party of China Central Committee, highlighted blockchain last week as a...

China expands its six-day visa-free transit policy to 27 more cities

China six-day visa. Chongqing, Xi'an, Ningbo along with 27 other cities to launch the 144-hour-visa-free transit policy, according to the National Immigration Administration. Beijing, Tianjin, Shijiazhuang, Qinhuangdao, Shanghai, Hangzhou, Nanjing, Shenyang, Dalian, Qingdao, Chengdu, Xiamen, Kunming, Wuhan, Guangzhou, Shenzhen, Jieyang, Chongqing, Xi'an, Ningbo, implemented the 144-hour-visa-free transit policy; 3 ports...

China’s economic growth at its lowest level since 1992

The growth of the Chinese economy has fallen to its lowest level in almost three decades since the last quarter, a consequence also of the trade war with the United States. The gross domestic product has registered the weakest quarterly growth rate since 1992, down from 6.2% in the previous...

Global Times: “Apple is finally doing the right thing”

Global Times, a daily tabloid newspaper controlled by the Chinese Communist Party, commenting on the removal of HKmap.live from the iOS Apple Store, said: “Apple is smart to remove a controversial app which helped HK rioters." "The removal came a day after the People's Daily, the flagship newspaper of the...

Chinese e-commerce giant Suning announced acquisition of Carrefour China operations for $698 mln

Suning announced on Friday it has completed the acquisition of Carrefour Group’s local operations. Carrefour agreed to sell an 80 percent stake in its China unit for 4.8 billion yuan ($698 million) in cash to the retail unit of Suning Holdings Group Ltd, according to a statement on June 23. Zhang...

Tesla’s $7 billion gigafactory in China to commence operations at the end of this year

Featured images: An aerial view of Tesla's factory in Shanghai in August. The factory is expected to start operations by the end of this year.  The new 50-billion-yuan gigafactory in Shanghai is expected to commence operations at the end of this year. According to the company, the main part of the...

Iraq will join China’s “Belt and Road” infrastructure investment project

Adel Abdel Mahdi, Iraq's prime minister, announced a meeting with Chinese President Xi Jinping during a state visit. "Iraq has gone through war and civil strife and is grateful to China for its valuable support," said Mahdi, in comments broadcast on Chinese state media outlet CCTV. Xi said that the two...
 

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