BIZ

US tariffs on China borne by Americans, unlikely to resolve trade imbalances, IMF experts say


The International Monetary Fund (IMF) warned Wednesday that American importers and consumers are footing the bill for the US administration's tariffs imposed on Chinese goods, and that the levies won't resolve the trade imbalance between the two economies.


China's 'unreliable entity list' imminent

China is preparing to launch a widely anticipated "unreliable entity list," the Ministry of Commerce (MOFCOM) said Thursday, as expectations for the mechanism to severely punish companies that have undermined China's national interests continue to grow.
Source: Global Times | 2019/8/22 22:33:40

HK chaos leaves mainland economy unscathed, inbound investment stable

Violent unrest in Hong Kong that has seriously jeopardized the city's economic prospects has not shown any sign of spilling over to the Chinese mainland, which remains an attractive destination for overseas investment, despite suspected ill intentions by some in Hong Kong and beyond to undercut growth on the mainland.
Source: Global Times | 2019/8/22 22:21:58

Huawei heads latest ranking of China's private companies despite US crackdown

Chinese telecommunications giant Huawei has ranked No.1 on a list of China's 500 largest private enterprises for the fourth consecutive year, despite a crackdown on the company by the US.
Source: Global Times | 2019/8/22 21:53:40

China releases fintech development plan, aims for innovation while curbing risks

China's central bank on Thursday released a three-year plan to develop the nation's burgeoning fintech sector, in a move to breathe fresh air into financial innovation in the world's largest internet market while curbing risks.
Source: Global Times | 2019/8/22 21:48:40

Beijing-based panel maker confident on market for foldable screens

Leading Chinese semiconductor display panel producer BOE Technology has expressed optimism over the future of foldable flexible screens despite disappointing market developments in the year.
Source: Global Times | 2019/8/22 21:12:44

Chinese carriers to operate ARJ21 to support regional air routes: report

China Eastern Business Jet Co, a subsidiary of China Eastern Airlines Co, will expand into its public air transport and operations using some domestic aircraft such as the ARJ21 and C919, media reports said on Thursday.
Source: Global Times | 2019/8/22 21:12:31

Banks break silence after two months, condemn HK violence

As a core business in the Hong Kong Special Administrative Region (HKSAR), the banking industry has finally started to make statements about the ongoing radical protests in the city and criticize violence via local media.
Source: Global Times | 2019/8/22 20:53:45

Sci-tech board strong in first month

In the first month of operations for the science and technology board, the 28 initial listings have seen their share prices surge by an average of 171 percent from the IPO level. Experts said the gains show that domestic investors have an appetite for such assets that can't be satisfied yet due to the limited number of companies and tradable shares.
Source: Global Times | 2019/8/22 19:58:40

Next generation

An employee showcases a 5G intelligent Solid State Disk controller chip developed by Huawei at the Flash Memory World in Hangzhou, East China's Zhejiang Province on Thursday. The event, themed “Flash Memory Speeds up Digital Economy” this year, aims to fully show the bright prospects of memory chips' application in the development of artificial intelligence, 5G and the Internet of Things.
Source: Global Times | 2019/8/22 19:28:40

Pork prices in Hong Kong skyrocket as supply is strangled by African swine fever

The price of pork has continued to rise sharply in Hong Kong and many fear that this may further increase ahead of peak season next month, as both local supplies and those from the mainland have been strangled due to cases of African swine fever.
Source: Global Times | 2019/8/22 19:03:40

Nuclear plant neighboring HK proud of its ecology work

Egrets can often be spotted at the Daya Bay. The logo of China General Nuclear Power Corporation (CGN), which owns the Daya Bay power plant, is also a flying egret.
Source: Global Times | 2019/8/22 18:38:40

China picks up pace in civil aircraft development

China has seen a faster and increased pace in its civil aircraft industry development, with multiple major aircraft models entering new phases.
Source: Global Times - Xinhua | 2019/8/22 18:08:40

China develops brain-controlled drone for search and rescue

Drones have been widely used for search and rescue purposes when disasters such as earthquakes, landslides and shipwrecks strike. Chinese researchers have developed a brain-controlled rescue drone that enables the unmanned aircraft to have a precise and reliable identification function during sandstorms, haze and other low-visibility weather.
Source: Global Times - Xinhua | 2019/8/22 18:03:40