BIZ

India could fill gap in agricultural imports amid China-US trade war


The ongoing Sino-US trade dispute will provide a chance for China and India to strengthen their agricultural trade, which will help to address the trade imbalance between the two countries, experts said on Tuesday. But they cautioned that the high price of India's farming products is still a major obstacle.


PBC continues to drain liquidity

China's central bank drained 40 billion yuan ($5.8 billion) from the financial system on Wednesday, with the volume of maturing securities exceeding new monetary injections.
Source: Xinhua-Global Times | 2018/9/26 19:43:41

SOEs' profits continue strong rally

Profits of China's State-owned enterprises (SOEs) continued to grow steadily in the first eight months this year, but at a slower pace, data showed on Wednesday.
Source: Xinhua-Global Times | 2018/9/26 19:43:40

Service trade deficit expands in August

China continued to see a deficit in foreign service trade in August with the volume enlarged, data from the State Administration of Foreign Exchange (SAFE) showed on Wednesday.
Source: Xinhua-Global Times | 2018/9/26 19:38:39

Chinese traders shun US soybeans amid trade war

China's soybean processors are snapping up Brazilian cargoes for shipment in the fourth quarter, curbing purchases of the crops for delivery in the US' peak marketing season as the trade war between the US and China intensifies.
Source: Reuters-Global Times | 2018/9/26 19:23:39

China to advance digital economy, drive new sectors for push in the future: NDRC

China will endeavor to advance its digital economy and expand employment to further promote the transition and upgrading of the country's economic growth, the National Development and Reform Commission (NDRC), China's top economic planner, said on Wednesday.
Source: Global Times | 2018/9/26 19:18:39

The Ritz-Carlton, Tianjin to celebrate its 5th anniversary

The Ritz-Carlton, Tianjin will celebrate its 5th anniversary on October 18.
Source: Global Times | 2018/9/26 18:28:39

Exploring literacy: Xi'an teachers' conference explores changing educational needs

Shaanxi Primary and Middle Schools English Teaching conference and the 20th “Star Of Outlook” English talent conference Shaanxi branch's opening ceremony were successfully held at the Xi'an Foreign Languages School, which is affiliated with the Xi'an Foreign Languages University, on September 20, 2018.
Source: Globaltimes.cn | 2018/9/26 18:20:57

China shares surge on expected weighting raise

China stocks closed higher on Wednesday as global index provider MSCI said it will consider quadrupling the weighting of Chinese big-caps in its global benchmarks and FTSE Russell is expected to include Chinese shares in its benchmark this week.
Source: Reuters-Global Times | 2018/9/26 17:13:40

Gold prices keep steady ahead of US Federal Reserve's interest rate hike decision

Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the US Federal Reserve's two-day meeting, where policymakers are expected to raise interest rates for the third time this year.
Source: Reuters-Global Times | 2018/9/26 17:13:40

Ringing the bell

Zhang Yong (left), founder and CEO of Haidilao International Holding, poses during the ceremonial listing of Chinese hotpot chain, Haidilao, at the Hong Kong Stock Exchange in Hong Kong on Wednesday. Shares in Haidilao closed at HK$17.82 ($2.28) on Wednesday, about 0.11 percent up from the issue price of HK$17.80. Haidilao had a valuation of about $12 billion after it raised almost $1 billion in its IPO. Photo: IC
Source: IC | 2018/9/26 17:13:40

India eases oil import from Iran

India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes.
Source: Reuters-Global Times | 2018/9/26 17:13:39

Russia's Far East ambitions

When a motorboat approached the port of Slavyanka, located at Primorskiy Krai, a federal subject in the Russian Far East, it passed by several shipyards where various shore crane facilities had been established.
Source: Global Times | 2018/9/26 16:08:39

A shares rebound upon positive external and domestic news

A shares rebounded strongly on Wednesday morning as accumulating positive news bring confidence back to the long sluggish stock markets.
Source: Global Times | 2018/9/26 14:03:39