Briefly

Anti-subsidy probe on Aussie wine imports

The Ministry of Commerce on Monday announced its decision to launch an anti-subsidy probe on wine imports from Australia. The probe on wines in containers holding two liters or less is expected to end before Aug 31,2021, but may extend to Feb 28,2022 under special circumstances, according to a statement on the ministry's website. The move was in response to a request from the China Alcoholic Drinks Association on behalf of the domestic industry, which claimed such wine imports had received subsidies from the Australian government, the ministry said.

ZTE revenue up 5.8%in first six months

Telecom equipment maker ZTE saw surges in operating revenue and net profit during the first six months of the year despite the challenges posed by the COVID-19 pandemic. The company said in its earnings report that it realized a net profit of 1.86 billion yuan ($271 million) attributable to common shareholders in the first half of 2020, up 26.3 percent year-on-year. The company's operating revenue increased by 5.8 percent year-on-year in the first six months to 47.2 billion yuan.

Xinhua