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China unlikely to meet U.S. trade targets

Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s trade deal — with energy emerging as the biggest casualty. China has made strides toward its agricultural and manufacturing targets, but it remains far behind — maybe hopelessly far…. To read more: […]

China’s services sector grows at fastest pace in over a decade in June: Caixin PMI

China’s services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, a private survey showed on Friday, though companies continued to shed jobs. To read more: https://www.reuters.com/article/us-china-economy-pmi/chinas-services-sector-grows-at-fastest-pace-in-over-a-decade-in-june-caixin-pmi-idUSKBN24405F SOURCE: REUTERS (0)

China’s Answer to GPS Is Now Fully Complete

Technological independence and superiority have long been hallmarks of superpowers; China too, in its quest to be a dominant force in the world, has invested heavily in state-of-the-art communication and transmission systems. On June 23,… To read more: https://thediplomat.com/2020/06/chinas-answer-to-gps-is-now-fully-complete/ SOURCE: THE DIPLOMAT (1)

The world’s top liquor brand is now also mainland China’s biggest public company

The world’s most valuable liquor company has just claimed another first. Kweichow Moutai, the Chinese company known for making the popular national spirit, baijiu,is now thebiggest public company in mainland China… To read more: https://edition.cnn.com/2020/06/24/investing/kweichow-moutai-stock-intl-hnk/index.html SOURCE: CNN (2)

After COVID-19, Can China Still Become ‘Moderately Prosperous’?

2020 was supposed to be a triumphant year for China and the Chinese Communist Party (CCP). The country was set to finally transform into a xiaokang shehui – rendered in English as “moderately prosperous society.” Gross domestic product (GDP) and disposable income would be double what they were in 2010, and no Chinese citizens would be living […]

China’s Economy Faces Another Hurdle: Darkened Movie Theaters

To the long list of obstacles holding back the Chinese economy when the world needs it most, add one more: padlocked movie theaters. The country’s more than 12,000 cinemas have remained stubbornly closed. Reopening them is politically difficult, as the order to keep them shut came from none other than Xi Jinping, China’s top leader. […]

China’s industrial engine revved strongly in May, but consumption weak as slow recovery continues

China reported strong growth in its industrial engine for the month of May, as the economy continued to slowly recover from the effects of the coronavirus pandemic, data released on Monday showed.In May, China’s industrial production, a gauge of manufacturing, mining and utilities sector activity, grew by 4.4… To read more: https://www.scmp.com/economy/china-economy/article/3089036/coronavirus-chinas-industrial-engine-revved-strongly-may SOURCE: SCMP (2)

China to build 600k 5G base stations in 2020

China is expected to build more than 600,000 5G base stations by the end of the year, and the shipment of 5G smartphones will reach 180 million units, said an official with the country’s top information technology watchdog on Saturday. As 5G are going mainstream in China, the country embarks on a 10-year long march […]

With an ailing domestic economy, can China still pursue its global plans?

What next in Beijing’s master plan for China’s global advancement? Anyone looking for details would have struggled to find them last week at the press conference held by Li Keqiang, with the Chinese premier much more focused on the ruling party’s perils on the home front.  The “wolf warrior” diplomacy, the world of blustering threats that Beijing has […]

China’s industrial profits drop 4.3% in April, slower pace than March

Profits of China’s industrial firms above designated scale contracted in April but at a slower pace than last month, with more than half of the sectors seeing growth, suggesting domestic production is being gradually resumed amid the COVID-19 pandemic. China’s industrial firms earned 478.14 billion yuan ($66.95 billion) in April, down 4.3 percent on a […]

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