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China will continue to help Africa achieve prosperity: expert

Calls for debt relief have intensified in Africa as the novel coronavirus outbreak worsened the economies of the poorest developing countries, and China will respond to the best of its ability, experts say.
Source: Global Times 2020/4/14 19:58:40

TCM plays pivotal role in relieving COVID-19 symptoms: Chinese ministry official

Traditional Chinese medicine (TCM) has always played an important role in the clinical treatment of COVID-19, an official from China's Ministry of Science and Technology said at a press conference in Beijing on Tuesday.
Source: Global Times 2020/4/14 17:13:59

China's foreign trade fell 6.4% in Q1 amid COVID-19 pandemic

China's foreign trade dipped 6.4 percent year-on-year to 6.57 trillion yuan ($933 billion) in the first quarter (Q1), as the country faces increased pressure from the worldwide COVID-19 spread which has hit global trade activities, Chinese customs said on Tuesday.
Source: 2020/4/14 11:15:23

Chinese 'gain weight' to support Hubei economic recovery

Boosting consumption has become the cure to resurrect the virus-hit economy in Hubei as well as the Chinese economy nationwide, as domestic consumption contributes to more than 70 percent of the country's annual GDP growth.
Source: 2020/4/14 6:15:18

Huawei secures UK telecom system, warns against disrupting 5G

Huawei is working with UK telecoms operators to secure local network operations amid the COVID-19 outbreak, but some British criticism of Huawei's involvement in the 5G rollout in the country will disrupt the Chinese firm's efforts and hurt the UK itself, a corporate executive said on Monday.
Source: Global Times 2020/4/13 22:28:40

Longer lockdown a hard blow but necessary for India: experts

India, one of the world's most densely populated countries, may have to extend its 21-day lockdown to prevent a major COVID-19 outbreak, although an extension of two more weeks could mean a harder economic blow and a longer road to recovery, experts said.
Source: Global Times 2020/4/13 22:23:40

Crisis becomes opportunity for Chinese exporters to focus on domestic market

Beleaguered Chinese exporters are making shrewd moves to focus more on the domestic market and turn the coronavirus pandemic into an impetus for their climb up the value chain.
Source: Global Times 2020/4/13 22:18:40

EU enterprises in China recover well

EU companies operating in China are “recovering surprisingly well” from coronavirus shutdowns, but they are facing challenges from declining market demand in China and around the world, as well as from strict anti-epidemic measures in place to stave off imported infections, officials at the European Union Chamber of Commerce in China said on Monday.
Source: Global Times 2020/4/13 21:58:40

Jiangxi could become alternative economic hub to coronavirus-stricken Hubei

Central China's Jiangxi Province is often overlooked in China's vast economic landscape, but it may just have been tipped as the next hub to boost coronavirus-stricken Hubei Province, experts told the Global Times on Monday.
Source: Global Times 2020/4/13 18:19:22

China strives to ensure workplace safety as disease control becomes regular practice

Chinese authorities on Sunday demanded solid efforts to ensure workplace safety and resolutely curb major accidents.
Source: Xinhua 2020/4/13 17:43:41

Easing real economy liquidity crunch

Lu Xiaoliang, general manager of Lanshan Motor Company Ltd based in Yuyao City in East China's Zhejiang Province, can now take a breather as his previously cash-strapped company has obtained over 1.8 million yuan ($256,000) through discounted bills.
Source: Xinhua 2020/4/13 17:33:41

China's auto sector to continue recovery in Q2: analysts

China's auto sector is expected to continue recovery in the second quarter as carmakers resume production and pent-up demand unleashes, analysts said.
Source: Xinhua 2020/4/13 15:44:55

US economic recovery from coronavirus could be "long, hard road", Fed official says

The path of US economic recovery from the coronavirus pandemic could be a "long, hard road" instead of a "V-shaped" recovery, a senior US Federal Reserve official said on Sunday.
Source: Xinhua 2020/4/13 8:20:15

Putin, Trump, King Salman support OPEC+ agreement to reduce oil production: Kremlin

Russian President Vladimir Putin, US President Donald Trump and Saudi King Salman bin Abdulaziz Al Saud supported the agreement on a phased reduction in oil production reached by the Organization of the Petroleum Exporting Countries (OPEC) and some other major oil producing countries, the Kremlin said Sunday.
Source: Xinhua 2020/4/13 5:13:06

India converts 5,000 train cars into isolation wards

While convention centers, stadiums and arenas are converted into makeshift hospitals amid the global coronavirus pandemic, India is taking a different approach by transforming old train cars into isolation wards as the country experiences a shortage of hospital beds.
Source: Global Times 2020/4/12 20:23:40

Progress continues on China-US phase one deal

China sees to its responsibility in carrying out the phase-one trade deal and continues to buy from the US despite the coronavirus pandemic, according to Chinese Ambassador to the US Cui Tiankai on Sunday.
Source: Global Times 2020/4/12 20:13:40

One-time relocation fee can hardly lure US firms back home: analyst

White House National Economic Council Director Larry Kudlow's hope of bringing back US companies from China by simply paying relocation fees is a desperate and fatuous proposal to shore up the US economy amid a worsening COVID-19 situation, because what keeps them from returning are higher US labor costs and hollowed-out ancillary industries, experts said.
Source: Global Times 2020/4/12 20:03:40

Shenzhen border ports need tighter control over cargo trucks: insiders

With China under mounting pressure from imported cases of coronavirus infections, Shenzhen, South China's Guangdong Province, adjacent to Hong Kong, is tightening controls on movements by truck drivers to prevent the spread of COVID-19.
Source: Global Times 2020/4/12 19:43:40

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