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China’s factory activity unexpectedly grew again in December, data released on Friday showed.
China vows greater iron ore self-sufficiency as ‘deglobalisation tide’ and coronavirus expose mineral supply risks
China will encourage domestic exploration of iron ore and use more scrap metals to reduce reliance on imports from countries like Australia, while streamlining production quotas for rare earth and tungsten, according to the government.
Huawei sees 29 per cent drop in 2021 sales after two years of US trade sanctions, as it moves deeper into digital services
Huawei Technologies Co expects a 28.9 per cent decline in total revenue to 634 billion yuan (US$99.4 billion) for 2021, with two years of US trade sanctions wreaking havoc with the Shenzhen-based tech giant’s lucrative smartphone business.
BEIJING: Chinese telecoms equipment giant Huawei Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined nearly 30% and predicted continued challenges in the New Year.
Globalisation may be under pressure, but there is still a lot going for it, and the imperative for countries to cooperate is not going away, said Prime Minister Lee Hsien Loong.
China to further promote international cooperation with win-win results.