BIZ

'Made in China 2025' doesn't exclude foreign firms


Accusations about the “Made in China 2025” strategy are unfair and China will definitely stick to the strategy in the coming years, potentially offering new opportunities for foreign companies in advanced industries, analysts said on Wednesday.


Audit exposes China's central SOEs flaws, weaknesses

A recent audit of central State-owned enterprises (SOEs) has exposed problems such as declining asset values, excessive vehicle purchases and substandard assessment procedures for investments and mergers.
Source: Global Times | 2018/6/21 21:43:40

Starbucks opens Yunnan store

US coffee giant Starbucks opened its first outlet in Pu'er City in Southwest China's Yunnan Province on Thursday, placing the coffee chain close to China's largest coffee production base.
Source: Xinhua-Global Times | 2018/6/21 20:43:44

Daimler profit hit

German luxury carmaker Daimler cut its 2018 profit forecast, blaming a trade war between China and the US and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry.
Source: Xinhua-Global Times | 2018/6/21 20:43:43

Beijing to host 7th China-EU economic and trade dialogue

China's Ministry of Commerce (MOFCOM) said on Thursday that the 7th China-EU High-level Economic and Trade Dialogue will be held in Beijing on June 25.
Source: Xinhua-Global Times | 2018/6/21 20:43:42

Cambodia-China trade reaches $5.8b in 2017

Trade volume between Cambodia and China was valued at $5.8 billion in 2017, up 22 percent from $4.76 billion a year earlier, Cambodian Minister of Commerce Pan Sorasak said on Thursday.
Source: Xinhua-Global Times | 2018/6/21 20:43:42

China to unveil new financial measures

China's newly unveiled financial measures to ease credit strain on small- and micro-sized businesses (SMBs) are necessary for their development, experts said.
Source: Agencies-Global Times | 2018/6/21 20:43:41

Ceremony held for father-and-son trip to Russia for the World Cup

On June 14, the departure ceremony of the “Toast, Daddy” trip to watch the World Cup in Russia sponsored by Wuliang Renjia, the brand subordinate to Yibin Wuliangye Series Wine Brand Marketing Co, Ltd, was held in Beijing, welcoming 25 pairs of fathers, sons and daughters who will go on this trip.
Source: Global Times | 2018/6/21 19:03:40

S.Korea's deficit in services trade with US hits record high in 2017

South Korea's deficit in services trade with the United States hit a record high last year, with surplus in goods trade with the world's largest economy falling to a five-year low, central bank data showed Thursday.
Source: Xinhua | 2018/6/21 17:40:50

China to host 7th China-EU High-level Economic and Trade Dialogue

China's Ministry of Commerce (MOC) said on Thursday that the 7th China-EU High-level Economic and Trade Dialogue will be held in Beijing on June 25.
Source: Xinhua | 2018/6/21 17:39:42

Short-sellers sense an opportunity as trade tensions brew

Escalating trade tensions between China and the US may have sent tremors across the US stock market, but short-sellers are taking the opportunity to boost bearish bets against US companies exposed to a full-blown trade war.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Yuan eases to more than 5-mth low against dollar

China's yuan weakened to a more than five-month low against the dollar on Thursday, as corporate greenback demand picked up and higher US bond yields pushed the US currency higher against most of its peers.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Shanghai stocks hit two-year closing low

The Chinese mainland shed early gains to end lower Thursday, with the Shanghai index closing at a two-year low, as caution prevailed amid lingering worries over the China-US trade spat.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Flying in fresh air

As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus, the Canadian transport company is now drawing up plans to breathe new life into its older regional planes.
Source: Reuters | 2018/6/21 16:33:40