BIZ

China moves to shore up growth, as trade talks drag on


China on Wednesday took another major step to shore up domestic growth by lowering its benchmark interest rate for the fourth time in less than three weeks, as the world's second-largest economy continues to face intensifying downward pressure.


Trade war takes toll, but Xinjiang exporters seek to diversify markets

Textile companies in Aksu, the nation's largest top cotton production base in Northwest China's Xinjiang Uyghur Autonomous Region, are seeing their exports to the US fall to almost nothing this year amid a bickering trade war between the world's two largest economies.
Source: Global Times | 2019/11/20 21:43:40

Revolutionary applications expected after China's 5G launch

5G technology will enable a good number of use scenarios, such as the Internet of Things (IoT), and virtual reality (VR) and augmented reality (AR), and more mature applications of the evolving technology that will bring revolutionary changes to people's lives are expected to unlock its full potential, experts said at the first World 5G Convention.
Source: Global Times | 2019/11/20 21:22:55

China keeps lead in number of supercomputers, makes technological breakthroughs

The amount of supercomputers installed in China outnumbers that in the US, while the nation's overall performance gap with the US is narrowing amid technological breakthroughs in heat dissipation.
Source: Global Times | 2019/11/20 21:22:48

Foreign firms take stakes in China's insurance market

Foreign insurance groups have been stepping up efforts to buy shares in domestic insurance companies over the past year, showing an increasing interest in China's financial market as it opens further, surveys and companies' equity adjustments showed.
Source: Global Times | 2019/11/20 21:12:22

China moves to pay for iron ore in yuan

China is taking steps to pay for its huge iron ore imports in yuan, a move experts said shows a gradual but irreversible trend that China will play a more decisive role in pricing metal commodities thanks to the country's burgeoning market demands.
Source: Global Times | 2019/11/20 21:11:30

Alibaba sets share price at HK$176, move could be stimulus for Hong Kong

Alibaba Group Holding is expected to set its share price at HK$176 ($22.49) in its much-anticipated Hong Kong listing, which will enable the Chinese e-commerce giant to raise up to HK$101.2 billion, the largest sale in the city since 2011.
Source: Global Times | 2019/11/20 21:08:41

China moves to shore up growth, as trade talks drag on

China on Wednesday took another major step to shore up domestic growth by lowering its benchmark interest rate for the fourth time in less than three weeks, as the world's second-largest economy continues to face intensifying downward pressure.
Source: Global Times | 2019/11/20 21:03:41

Lure of opening-up

The Sino-German auto joint venture FAW-Volkswagen has since Monday rolled out two Audi new-energy sports utility vehicles (SUVs) in China.
Source: Global Times - Xinhua | 2019/11/20 20:42:20

Around the world

A ceremony to mark the completed construction of an infant formula production factory by a Chinese company was held in Ireland's northeast County Monaghan on Monday.
Source: Global Times - Xinhua | 2019/11/20 20:28:40

Big gaps remain in China-US trade talks

China and the US may still have a long way to go to end the trade war, with major differences remaining over the nature of the bilateral relationship, despite ongoing talks on a possible phase-one deal to defuse tensions, officials, business leaders and top experts said on Tuesday.
Source: Global Times | 2019/11/19 21:13:41

Seeking fortune on China's Loess Plateau

Xinglongyi Inn, one of many hotels adapted from century-old buildings in the UNESCO heritage-listed city of Pingyao, North China's Shanxi Province, is rated 4.5 out of a possible 5 on Tripadvisor, the world's leading travel platform.
Source: Global Times - Xinhua | 2019/11/20 19:58:40

China terminates anti-dumping duties on pyridine imports from India, Japan

China's Ministry of Commerce (MOC) on Wednesday announced its decision to terminate review on anti-dumping measures over pyridine imports from India and Japan.
Source: Xinhua | 2019/11/20 16:47:41

Census shows corporate China's shift toward high-tech

The number of large and medium-sized high-tech manufacturing entities in China surged by 24.8 percent to 33,573 during the 2013-18 period, the latest economic census showed on Wednesday.
Source: Global Times | 2019/11/20 16:33:40