
The European Union and China on Wednesday announced the political approval of a long-sought agreement to open the Chinese market further to EU investors, marking an economic victory for both sides.

The scale of the Covid-19 outbreak in Wuhan early this year may have been nearly 10 times the recorded tally, a study conducted by China's public health authorities indicates, leaving the city where the coronavirus first took hold still well short of the immunity required to protect against a potential resurgence.

A Chinese court handed a four-year jail term on Monday to a citizen-journalist who reported from the central city of Wuhan at the peak of last year's coronavirus outbreak, on grounds of “picking quarrels and provoking trouble,” her lawyer said.

Brazilian researchers said on Wednesday the COVID-19 vaccine developed by China's Sinovac Biotech is more than 50% effective based on trial data, but again withheld full results at the company's request, raising questions about transparency.

Economic growth in China is expected to slow to 2% this year, before rebounding to 7.9% in 2021 as private investment and consumption heat up, a World Bank report released on Wednesday projected.

Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, U.S. imports from China are surging as the year 2020 draws to a close, The New York Times reported.

U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report.

Brazil’s health regulator Anvisa said China’s health authorities are not transparent in their authorization of COVID-19 vaccines for emergency use, a statement that may further inflame political tension in the country.

China is willing to provide a broader market and more development opportunities for Chile and other countries as it seeks reform and opening-up at a higher level, President Xi Jinping said on Tuesday in a phone conversation with his Chilean counterpart, Sebastian Piñera.

World Trade Organization negotiators have failed to reach a deal by a year-end deadline to cut the subsidies that have helped decimate the world’s fish stocks, but will try again next year, the chairman of the talks said on Monday.