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China may be the 'first in and first out' from COVID-19 recession

08:33 China will be the first in and first out of the global COVID-19 recession, experts said Saturday, as the country's authorities balance dynamics between monetary a

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Xinhua Headlines: Hong Kong's iconic Ocean Park on brink of collapse, pending government bailout

- "The COVID-19 pandemic will eventually be contained, but what about the violence? How do we expect visitors to come if Hong Kong is known to the world as a place plag

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CMG conducts first '5G + 8K' integrated production in China

01:05 China Media Group (CMG) successfully carried out the first domestic 5G + 8K integrated production in real-time transmission and rapid editing on Wednesday to ushe

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COVID-19 to slash global economic output by 8.5 trln USD over next two years: UN report

Photo taken on May 7, 2020 shows a temporarily closed shopping mall in Washington D.C., the United States. (Xinhua/Liu Jie)The global economy is expected to lose nearly

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Myanmar military declares ceasefire for COVID-19 fight

Members of Fire Service Department wearing full protective gear spray disinfectant from fire engine in hopes of curbing the spread of coronavirus on a street in Yangon,

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European Commission forecasts historic recession for 2020

Paolo Gentiloni, European Commissioner for the Economy, attends a press conference in Brussels, Belgium, May 6, 2020. (European Commission/Handout via Xinhua)The Europe

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Spotlight: U.S. economy sees biggest slump since financial crisis as COVID-19 recession takes hold

A healthcare worker is seen near SUNY Downstate Medical Center in New York, the United States, on April 28, 2020. (Photo by Michael Nagle/Xinhua)"Thecontraction that oc

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China's tax, fee cuts total over 742 bln yuan in Q1

China's top tax watchdog said Wednesday that the country's tax and fee cuts totaled 742.8 billion yuan (about 105 billion U.S. dollars) in the first quarter of the year

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Mascot for Hangzhou 2022 Asian Para Games unveiled

Mascot "Feifei" is unveiled in Hangzhou, China, April 16, 2020. /Hangzhou Asian Para Games Organizing CommitteeThe mascot for the 4th Asian Para Games in Hangzhou is un

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Spotify and Warner Music Group renew their global licensing deal, resolve issue in India

Spotify and Warner Music Group have renewed their global licensing partnership, the two said on Wednesday, confirming that the giant music label’s songs will now be ava

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Study: China lockdown may have blocked 700,000 COVID-19 cases

A screenshot from journal Science.China's decision to lock down the city of Wuhan may have prevented more than 700,000 COVID-19 cases by containing the spread of the co

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Throughput grows in China-Mongolia border customs despite COVID-19

A boundary marker at the China-Mongolia border in Erenhot, north China's Inner Mongolia Autonomous Region. /VCGThe land checkpoint of Erenhot in north China's Inner Mon

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Companies reshape business models to cope with coronavirus aftermath

Teng, a salesperson at a small private business consultancy firm in central China's Wuhan City, said she has been on minimum wage since late February.The company, based

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China Focus: Chinese farmers strive for bumper harvest amid anti-virus battle

Chinese farmers, cautiously and actively, begin spring farming in hopes of a bumper harvest amid the ongoing fight against the coronavirus outbreak. Spring is the gold

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China's fiscal revenue growth slows amid tax cuts

China's fiscal revenue expansion slowed in 2019 with a sharp decline in tax revenue growth amid the country's massive tax and fee cuts to support economic growth.Fiscal

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Amazon quietly publishes its latest transparency report

Just as Amazon was basking in the news of a massive earnings win, the tech giant quietly published — as it always does — its latest transparency report, revealing a sl

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Graphics: China's booming pet economy

03:30 Before millions of Chinese embark on their journey to reunite with family for Spring Festival, many now have a new worry on their mind: How to care for their pets