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OECD: 2021 global GDP set to rise 4.2%, China to account for 1/3

The global economy is projected to grow 4.2 percent next year with China expected to account for over a third of the growh, said the Organisation for Economic Co-operation and Development (OECD) i

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Explainer: Why have tariffs in the first place?

The world's biggest free trade agreement (FTA), Regional Comprehensive Economic Partnership (RCEP), was signed on November 10 by 15 countries, aiming to cut up to 90 percent of the tariffs on impo

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Disabled mother gains hope from government-provided job

03:52 Long ago, when Sun Meili was being yelled at and bullied by her colleagues, she never would have thought one day she could work in peace like everyone else.Wiping tables, sweepin

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Explainer: How China's digital currency different from e-payments?

China's digital currency has moved steps forward again as 50,000 randomly selected citizens in South China's Shenzhen received a total of 10 million yuan ($1.5 million) worth of digital currency.T

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Experts: China's economic reform continues, has room to go deeper

Participants at a conference hosted by China Center for International Economic Exchanges discuss how China could strengthen its economy at this difficult time, in Beijing, China, October 12, 2020

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Baidu CEO: Traffic jam will disappear in 10 years thanks to AI

Apollo's autonomous driving technology used on Lincoln vehicles. Wang Tianyu/CGTN The issue of traffic congestion will be resolved in the next ten years as Artificial Intelligence (AI) brings

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Why the online membership economy is heating up in China

China has been famous for its "everything is free" internet experience for years. But more recently, internet companies have all started selling services with paid membership.From music and video

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EV battery-swapping finds new life in China

01:17 Drive-through battery-swapping technology killed by Tesla years ago is now benefiting Chinese electric car makers and drivers as the world's largest auto market moves to adopt el

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Burger King in hot water for serving expired food in China

The logo of U.S. fast-food group Burger King is seen at a restaurant in Bruettisellen, Switzerland, October 11, 2016. /Reuters American fast-food chain Burger King has been exposed for using e

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Foreign firms remain committed to China after COVID-19 pandemic

01:29 Editor's note: Already in the shadows of a weak economic recovery and growing protectionism, the world now feels more unsettled with the hit of a new coronavirus, with many regio

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Diamond industry strives to regain shine amid COVID-19 storm

02:19 Marilyn Monroe's popular song "Diamonds are a girl's best friend" made the gemstone a popular symbol of "forever love" for half a century, but so far this year, the shinning rock

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Cash or vouchers? How to spur China's pandemic-hit consumption?

Editor's note: COVID-19: Economic Analysis is a series of articles comprising experts' views on developing micro and macroeconomic situations around the globe amid the COVID-19 pandemic. Chinese c

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Huawei: We've never been dependent on any single country

Despite Washington's attempts to restrict Huawei's development with new export controls, the Chinese tech giant remains confident and optimistic with plans underway to find solutions to the new roadb

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China car sales mark first rise in nearly two years

Imported vehicles waiting to be delivered to the 4S shops in the parking lot of Shanghai Haitong International Automobile Terminal Co., Ltd. April 26, 2020. /VCG China's monthly auto sales ros

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How does crude oil affect the price you pay at the pump?

02:11 The price of crude oil has been on a roller coaster ride in the past few weeks. It even shocked the world with an unprecedented dip. But that is not what ordinary consumers are r

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Digital yuan: China closer to realizing its digital currency dream

China has been working on the digital version of yuan since 2014, and now it's closer to realizing the dream. An official from the Digital Currency Research Institute of the People's Bank of China

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What are stock market circuit breakers?

01:46 "If you stick around long enough, you'll see everything in markets" – that was American business magnate Warren Buffett's reaction to the first huge market drop in 2020 that trig