China-US trade value surged 3.9 percent year-on-year to 3.2 trillion yuan ($480 billion) in the first 10 months, almost double the growth in the first three quarters, which experts said reflected the complementary trade structure of the world's two largest economies amid the coronavirus pandemic as well as China's commitment to implementing the phase one trade deal.
Chinese exports grew at their fastest pace in 19 months in October, surging 11.4 percent year-on-year in dollar terms, data from China's customs authority showed on Saturday. Experts are linking the better-than-expected exports to China's resilience as the world's factory and its quick containment of the coronavirus as orders for the upcoming Christmas season are on the rise.
Amid China's unswerving promotion of opening-up to the global market, China's Ministry of Commerce (MOFCOM) on Friday announced it will further loosen foreign ownership restrictions on service industries, including value-added telecommunications services, commercial services and other sectors, to facilitate the development of new forms of service trade.
The export volume doubled in October compared to the month before, with the export value increasing by 89 percent.
The 3rd China International Import Expo (CIIE), which is one of the world's largest trade fairs, has offered a big stage for overseas brands, and more Chinese online companies have taken the "fast lane" to introduce more goods to the giant market, despite uncertainties in global trade brought by the coronavirus pandemic.
China's Foreign Ministry said relevant measures taken on imported goods are in accordance with China's laws and international practice and aimed at safeguarding the interests of domestic industries and the safety of Chinese consumers, in response to a question raised over a reported ban by Chinese authorities on multiple categories of Australian goods.
The Shanghai Stock Exchange (SSE) said on Thursday that a decision by Ant Group on the same day to suspend its IPO from the STAR Market is a responsible act for the market and investors.
China's Foreign Ministry said projects under the China-proposed Belt and Road Initiative (BRI) have made positive contributions to countries where these projects are located amid the global fight against the COVID-19 pandemic.
30,000 Square meters of expansion in exhibition area at 3rd China International Import Expo (CIIE) compared with 2nd event
As the third China International Import Expo (CIIE) officially kicked off on Thursday in Shanghai, the Global Times (GT) London correspondent talked to British Minister for Exports Graham Stuart (Stuart) about the UK's participation in the event.
Chinese tech giants, such as Xiaomi and ByteDance, are busy recruiting talent amid ring tech competition with the US, in a bid to gain an advantage when Washington is moving to strangle Chinese tech giants through administrative weapons.
Chinese e-commerce giant Alibaba, which launched of the nation's annual Singles' Day shopping carnival, on Thursday posted very strong earnings for the past quarter, as the COVID-19 outbreak turns out to have amplified the buying power of the nation's internet savvy consumers.
Professional buyers from Chinese mainland companies began to place massive orders on Thursday, displaying China's vast demand for global goods and services.
Australian food exporters attending the 3rd China International Import Expo (CIIE) in Shanghai said that they are still attracted by and bullish on China's vast potential as the world's largest consumer market, despite fraught political ties and concerns over China's possible restriction on a number of Australian products.
China's A-share market rallied on Thursday, with all three major stock indexes gaining significantly, as Democratic presidential candidate Joe Biden has gained more votes to nearing winning the US presidency.
Chinese medical regulatory authority approved the first two COVID-19 antigen detection kits, which can shorten the testing time to 20 minutes, according to the National Medical Products Administration (NMPA).
A Chinese official predicted that the foreign investment in the fourth quarter will maintain the current stable and positive trend, given a strong economic performance.
China's A-share market opens higher on Thursday amid a tough race in the US presidential election, with all three major indexes tensing upward.