BIZ

China won't sway from upgrading, despite US concerns over 'Made in China 2025' plan: experts


China will not give up its pursuit of technological progress through industrial transformation, even if it makes some changes to the Made in China 2025 initiative, Chinese experts said on Thursday.


China faces more trade remedy investigations this year

Twenty-eight countries and regions have initiated 101 trade remedy investigations against Chinese products from January to November, up 38 percent from the same period of last year, a spokesperson with the Ministry of Commerce said Thursday.
Source: Xinhua | 2018/12/14 8:38:46

YouTube purges 1.67 million channels for spam or misleading content last quarter

Google-owned YouTube has removed about 1.67 million channels for problematic videos, spam, scams or other misleading content in the previous quarter, the company said in its latest transparency report on Thursday.
Source: Xinhua | 2018/12/14 8:36:26

India mistaken in blocking Chinese e-commerce

Indian consumers are buying Chinese products via e-commerce platforms out of their own choice, and unreasonable limits on these purchases will bring costs up for India's consumers and hinder its newly emerging economy, experts told the Global Times Thursday.
Source: Global Times | 2018/12/13 23:34:50

Fiscal spending rises

China's fiscal expenditure in the first 11 months rose 6.8 percent from a year earlier, the Ministry of Finance said on Thursday.
Source: Global Times - Reuters | 2018/12/13 23:33:40

JD unit, Watsons ties

JD Daojia, an online-to-offline retail platform under e-commerce company JD.com, announced that it has reached a strategic collaboration agreement with international health and beauty retailer Watsons to open an online Watsons store, JD Daojia told the Global Times on Thursday.
Source: Global Times | 2018/12/13 23:28:41

Major countries launch probes in complicated climate: MOFCOM

China is facing challenges in the complicated foreign trade climate, including more than 100 trade remedy probes in the first 11 months, and the country is committed to complying with WTO rules and hopes to resolve disputes through talks, a senior Chinese trade official said Thursday.
Source: Global Times | 2018/12/13 23:28:40

Baidu's 'paid listing' search prompts calls for Google's return

Chinese users and industry insiders have been outraged at Baidu's search service in recent days and even called for US tech company Google to “come back” to counter its dominance.
Source: Global Times | 2018/12/13 23:23:40

Qualcomm seeks enforcement of iPhone sales ban in China

Qualcomm has applied to a Chinese court to force Apple to stop selling seven models of the iPhone in China. An industry analyst familiar with the two companies' patent feud said that Qualcomm may further step up the patent fight by seeking an iPhone import ban.
Source: Global Times | 2018/12/13 23:18:40

China won't sway from upgrading, despite US concerns over 'Made in China 2025' plan: experts

China will not give up its pursuit of technological progress through industrial transformation, even if it makes some changes to the Made in China 2025 initiative, Chinese experts said on Thursday.
Source: Global Times | 2018/12/13 23:13:40

China's FDI drops 27.6% in Nov due to high comparison base last year: MOFCOM

Foreign direct investment (FDI) in China dropped 27.6 percent year-on-year in November to $13.6 billion due to a high base during the same period last year, Gao Feng, spokesperson of the Ministry of Commerce (MOFCOM), said on Thursday.
Source: Global Times | 2018/12/13 22:28:43

Top meeting shows China's firm policy stance on economy

A meeting of the top decision-making body of the Communist Party of China (CPC) on Thursday has shown policymakers' determination to continue long-stated economic policies from structural reforms to growth stabilizing measures, projecting top leaders' confidence in navigating through daunting challenges abroad and at home.
Source: Global Times | 2018/12/13 22:28:40

Taiwan firms' mainland profits

A total of 1,192 Taiwan-listed and over-the-counter companies in the Chinese mainland reported a record combined profit of $7.2 billion in the first three quarters this year, according to data from the island's finance authority.
Source: Xinhua | 2018/12/13 22:18:43

PBC skips open market operations

The People's Bank of China, the country's central bank, on Thursday skipped reverse repos for the 35th consecutive trading day, the longest stretch since early 2016, citing reasonable and sufficient liquidity in the banking system.
Source: Xinhua | 2018/12/13 22:18:42