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Beijing reviews tariff removal for US agricultural products

China's tariff authority is evaluating applications by domestic companies to lift tariffs on some US agricultural products, the Ministry of Commerce (MOFCOM) said on Thursday.
Source: Global Times | 2019/8/1 20:13:41

Nokia, Cisco deny online speculation of layoffs at facilities in China

Finnish telecom giant Nokia and US technology conglomerate Cisco denied reports of significant layoffs in China when contacted by the Global Times on Thursday.
Source: Global Times | 2019/8/1 18:58:40

US cutting rates is a clear demonstration of Federal Reserve's rising concern over its economic weakness

China's stock market dropped on Thursday, following the Wall Street decline overnight after the US central bank cut interest rates by 25 basic points for the first time since the Great Recession in 2008.
Source: Global Times | 2019/8/1 15:53:07

COMAC's fourth C919 test plane flies to sky, more to follow before gaining airworthiness certification

The home-made C919 is expected to enter the test flying stage soon, while two further aircraft will follow in the second half of this year, the plane manufacturer said on Thursday.
Source: Global Times | 2019/8/1 12:23:40

Boeing looking to Chinese market for freighter capacity expansion

US-based aircraft manufacturer Boeing announced Wednesday that it is on track to redeliver 17 737-800 Boeing Converted Freighters (BCFs) in 2019, with five conversion lines in operation and the company is exploring the possibility of adding more capacity in China.
Source: Global Times | 2019/8/1 3:40:15

Drink up!

A view of the ongoing 29th Qingdao Beer Festival in Qingdao, East China's Shandong Province on Tuesday. The festival kicked off on Friday and will last until August 18. The event has driven up the sales of local beer, with 67 tons sold on Saturday alone. Photo: VCG
Source: VCG | 2019/7/31 21:58:40

MOFCOM releases regulation on social credit, defines evidence for forming lists

The Ministry of Commerce (MOFCOM) released on Wednesday a notice on the management of lists of persons or entities receiving penalties due to losing credit, with the aim of strengthening credit regulation in the business world and accelerate the pace of credit-based mechanisms.
Source: Global Times | 2019/7/31 21:49:23

Colombia seeks more cooperation with China in agriculture, 5G

Despite being caught in the middle of a geopolitical tug of war between Beijing and Washington, Colombia is likely to approach the huge Chinese market, as can be seen in the recent state visit by its President Ivan Duque who wants to enhance trade and encourage China to buy more agricultural products.
Source: Global Times | 2019/7/31 21:38:40

Apple's sales decline narrows in China, future remains in question

Apple's sales decline in China narrowed in April-June, Apple's financial results showed. The rebound was mainly driven by price cuts, a strategy that only suppressed Apple's symptoms without reversing its sales downturn in China, domestic mobile phone experts told the Global Times.
Source: Global Times | 2019/7/31 20:59:27

Rising defaults in China's bond market normal and controllable: experts

Rising bond defaults in China are part of a normal process that helps the nation's debt sector become more market-driven by abandoning the practice of guaranteed payments, industry analysts said.
Source: Global Times | 2019/7/31 20:53:40

China's trade, investment with ASEAN booms

The Association of Southeast Asian Nations (ASEAN) has replaced the US to be the second-biggest trade partner of China in the first half of 2019, while China remained the biggest trade partner of the bloc for the 10th consecutive year, customs data showed.
Source: Global Times | 2019/7/31 20:48:40

Another bite for Apple

Apple Inc iPhone sales have dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday (US Time) described the change as successful diversification away from a single product and forecast results above Wall Street targets.
Source: Reuters-Global Times | 2019/7/31 18:08:40

Chinese academicians and enterprises vow to insist on low-carbon development

The 16th World Alliance for Low Carbon Cities (WALCC) Assembly & Low Carbon City Development Forum kicked off on Saturday in Lishui city, Zhejiang Province.
Source: Global Times | 2019/7/30 21:56:13

Pet subject

Consumers shop for pet products at an exhibition in Dalian, Northeast China's Liaoning Province on Tuesday, the final day of the three-day China (Dalian) Pets Cultural Festival. In 2018, China's pet-related consumption hit 170.8 billion yuan ($24.79 billion ), up 27 percent year-on-year. Photo: VCG
Source: VCG | 2019/7/30 21:53:40

Tourists may shun HK amid chaotic protests

Friendlier travel policies worked out recently by a good number of countries might dissuade Chinese mainlanders from visiting Hong Kong where violent protesters are hurting its economy, experts said, with Japan becoming the latest country to simplify its visa application process.
Source: Global Times | 2019/7/30 21:33:40

CPC Politburo meeting sets economic course for H2

Chinese officials, while recognizing a tough external environment due to lingering trade war, chartered a sound economic development course for the second half of 2019 at a high-level meeting, with more stimulating measures in finance and consumption, stabilizing policies in manufacturing and employment as well as innovative rules to inject vigor for homegrown high-tech companies.
Source: Global Times | 2019/7/30 21:18:40

China must address gas infrastructure: BP expert

China needs to improve its natural gas infrastructure to meet its goals of using more of the fuel to power its economy and contain emissions, a senior expert from oil major BP said on Tuesday.
Source: Global Times | 2019/7/30 21:03:41

Tesla confident of meeting $324m annual tax target it promised China

Tesla, seeing its sales jump in China this year, is confident of reaching the tax revenue target it set for the Shanghai Gigafactory 3, the US car giant disclosed in a filing.
Source: Global Times | 2019/7/30 20:48:40