【CONTENTS】Sep.15 2020ChinaEconomic Weekly

Cover Story

P14| Trade in Services: a new driving force for economic growth

The 2020 China International Fair for Trade in Services (CIFTIS), held under the theme  “Global Services, Shared Prosperity” in Beijing from Sept. 4-9.

It has been the first major international economic and trade event held by China since the COVID-19 outbreak. It has showcased the remarkable achievements of China’s epidemic prevention and control and economic and social development, demonstrating China’s confidence and determination to promote opening up, and provide a positive signal of China’s adherence to economic globalization and strengthening international economic and trade cooperation.

CEW Editorial

P03| Free trade zone construction requires greater autonomy

Two Weeks

Special Reports

P28| China honors role models in COVID-19 fight

P32| TikTok deal faces hurdle over algorithm fight

P34| Long-term rental apartment platforms proved to be Ponzi Schemes in Hangzhou

P38| Pork Prices Are on the Rise Again

Macro & policy

P41| USD/ CNY exchange rate back to “6 times”

Finance & Capital

P44| H1 2020 Review: market rapidly shifting under COVID-19

P47| Property firms H1 Watch: housing market getting warm again?

P50| Chinese banks expect biggest profit drop in over 10 years

P52| Jinke Property’s H1 net profit up 39.6%

P54| Nongfu Spring founder Zhong Shanshan soars into top ranks of China’s rich

P56| Alibaba strengthens logistics network by investing US$966 million in YTO Express

P58| Large Shareholder’s Stock Selling, pressuring market

P60| Weifang State-owned Assets Supervision and Administration Commission will become the actual controller of Gospell Digital

P62| Air conditioning price war is in the air

P64| Fintech: Bank of China expand Wangyu Pproject to prevent fraud

Industry & Company

P66| Douyin to bar outside links to Taobao

P68| Ping An Fund Manager Blasted for ‘Arrogance’ by Loctek Chairman

P72| DJI Sued for Patent Infringement by Its Chinese-backed American Competitor

P74| Taobao’s discount shopping app goes mainstream

P78| Big oil giants aren’t as big as they once were

P80| Alarm raises to Pizza Hut in Chinese market

P82| Guangming Dairy aiming at low-temperature fresh milk

P84| Wensli, Hangzhou’s Silk Empress

Economy & Law

P86| China revises resource tax rates on metals

P88| Industrial solid waste management market to witness sustained growth

Region & City 

P90| Shenzhen to adopt Singapore housing policy and drop Hong Kong model

P92| Fenyi, Jiangxi province: E-commerce innovative development in rural areas


P95| Will Chinese students want to study abroad post-COVID-19?

P98| Who is Chief Cabinet Secretary Yoshihide Suga?


P100| What’s the “Achilles heel” of the United States

P102| Can  oil prices go negative again?

P105| Who is the real murderer? After his release, Zhang Yuhuan was still suspected of guilt by many


P106| What’s the difference between Guangdong officials and Northeast officials?


P110| Zhang Lei, Chairman of Hillhouse Capital Group, officially published his

new book