China

HONG KONG (Reuters) - Chinese companies’ stock market listings in the United States reached a six-year high in 2020 and advisors expect the trend to accelerate in the year ahead in expectation of a stable regulatory regime under U.S. President-elect Joe Biden.

Twenty six initial public offerings (IPOs) of Chinese firms worth $10.6 billion have been completed in the United States so far in 2020, up from the $3.4 billion worth of deals last year, according to Refinitiv data.

BEIJING (AP) — Asian stock markets rose for second day Tuesday on hopes for progress toward a possible coronavirus vaccine that might allow the world to revive manufacturing, shopping and normal life.

Benchmarks in Tokyo, Hong Kong and Sydney rose by more than 1% while Shanghai and Seoul also advanced.

On Wall Street, the benchmark S&P 500 index closed 1.2% higher on Monday after Pfizer Inc. said early data on a vaccine under development suggest it might be it might be 90% effective at preventing COVID-19, though that doesn’t mean its release is imminent.

HONG KONG (AP) — Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic.

The shopping festival, which is the world’s largest and falls on Nov. 11 every year, is an annual extravaganza where China’s e-commerce companies, including Alibaba, JD.com and Pinduoduo, offer generous discounts on their platforms. Last year, shoppers spent $38.4 billion on Alibaba’s e-commerce platforms Tmall and Taobao.

BEIJING, Nov 9 (APP): The 3rd China International Import Expo (CIIE) grandly opened in Shanghai. As the world’s first import-themed national-level expo, it connects enterprises across the globe together to tap the great potential of the Chinese market and give fresh impetus to the world economy inflicted by the coronavirus pandemic.

BEIJING (Reuters) - China, which has held off on congratulating U.S. presidential election winner Joe Biden even as leaders of other countries have done so, said on Monday it would follow custom in responding to the result.

Democrat Biden clinched enough states to win the presidency but incumbent President Donald Trump has not conceded and is making legal challenges to the outcome of the Nov. 3 election.

BEIJING, Nov 8 (APP): The projects being implemented under the China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative would not only benefit certain areas but to promote development across Pakistan, China Radio International (CRI) Urdu commented.

“The way the CPEC projects have been implemented over the last five years and the results that have emerged show that the purpose of building CPEC is not to benefit certain areas but to promote development across Pakistan,” CRI Urdu commented on the progress made in the construction of CPEC projects.

BEIJING, Nov 6 (APP): China is willing to share experience with Pakistan with regard to the development of new retail business.

Both the countries may conduct in-depth discussions on the development of new retail business and make joint efforts to explore new retail business in the region so as to speed up the economic recovery during and after the pandemic, Cheng Xichong, visiting professor at Southwest University of Political Science and Law, senior fellow of the Charhar Institute said on Friday.

BEIJING, Nov. 5 (Xinhua) -- Chinese Vice Foreign Minister Le Yucheng on Thursday called for pushing forward China-U.S. relations along the right track.

Le made the remarks at a press conference when asked to comment on the U.S. presidential election and China-U.S. relations.

The U.S. presidential election's counting of votes is still ongoing and the result is not yet known, said Le, adding that China hopes the presidential race can proceed steadily and smoothly.

BEIJING — China has temporarily banned the entry of foreigners from at least eight countries as COVID-19 cases rise in Europe and elsewhere.

Non-Chinese can no longer enter from Russia, France, Italy, the United Kingdom, Belgium, the Philippines, India and Bangladesh, even if they hold a valid visa or residence permit for China.

Embassies in those countries have posted online notices in recent days announcing the temporary suspension of entry.

China has enacted strict measures to guard against new infections from abroad.

BEIJING, Nov. 4 (Xinhua) -- A Chinese military spokesperson Wednesday firmly opposed and strongly condemned the plan approved by the U.S. State Department to sell aerial drones to Taiwan.

Wu Qian, a spokesperson for the Ministry of National Defense, said the sale of U.S. arms to Taiwan is a serious violation of the one-China principle and the three China-U.S. Joint Communiques.