BUSINESS >> Economy

China, Russia step up cross-border e-commerce amid external challenges

A Chinese border city in Northeast China's Jilin Province has stepped up efforts to increase cross-border e-commerce with Russia amid the complex and severe external environment facing both China and Russia.
Source: Global Times | 2018/8/16 23:28:40

GCL to make EVs

China's leading solar equipment manufacturer GCL is planning a move into the electric vehicle (EV) sector, executives said.
Source: Reuters-Xinhua | 2018/8/16 22:23:41

FDI inflows to mainland expand steadily, ministry says

Foreign direct investment (FDI) into the Chinese mainland rose 2.3 percent year-on-year to 496.7 billion yuan ($71.98 billion) in the first seven months of 2018, official data showed Thursday.
Source: Xinhua | 2018/8/16 22:23:41

Consumption gets boost from Chinese Valentine's Day

Domestic consumption is approaching a mini-climax with the Chinese Valentine's Day on Friday, which shows that consumption power is still strong despite the shadows of the ongoing Sino-US trade dispute.
Source: Global Times | 2018/8/16 22:23:40

Chinese e-commerce stores sell T-shirts with slogans against trade war

T-shirts with anti-trade war slogans are being sold on China's e-commerce platforms, highlighting Chinese sentiment toward the US is becoming increasingly disturbed amid rising trade tension with the US.
Source: Global Times | 2018/8/16 21:18:40

China to scale up investment in chip design

Chinese chipmakers should scale up investment in chip design and production where they have already made certain breakthroughs, industry insiders said at a forum, noting that such efforts could drive up the growth of the whole industry chain and lend China more bargaining chips amid escalating trade tensions with the US.
Source: Global Times | 2018/8/16 20:54:47

Chinese economy to maintain stable, positive growth: economist

The Chinese economy is on a solid footing to maintain a stable and positive trend despite a complicated domestic and external environment.
Source: Xinhua | 2018/8/16 20:13:46

Infrastructure approvals quadrupled

China has almost quadrupled the value of fixed-asset investment projects approved in July, as it looks to accelerate infrastructure spending to boost a cooling economy.
Source: Agencies-Global Times | 2018/8/16 19:53:40

China makes strides in cutting overcapacity

China has made headway in cutting coal and steel overcapacity, resulting in improvements in efficiency and supply-demand mismatch, the country's top economic planner said Thursday.
Source: Xinhua | 2018/8/16 18:00:40

American farmers desperate for consistency as tariff battle damage continues

American farmers, reeling from price drops and dissolving future markets, are hoping the 2018 Farm Bill will offer some relief from the US-China trade frictions.
Source: Xinhua | 2018/8/16 17:58:00

China's office browser developer denies cloning Google Chrome

Domestic office browser developer Redcore claimed on Thursday that its kernel is not simply “a Google kernel covered with a self-development coat,” but a system with innovations and modifications, though the firm admitted that it was developed based on Google Chrome.
Source: Global Times | 2018/8/16 16:48:39

China gives further access to foreign investors in the stock market

Foreigners working in China are now able to open their securities accounts in the country's A-share market, according to the latest revision released by the securities regulator on Wednesday.
Source: Global Times | 2018/8/16 11:58:39

Xiongan development needs patience: expert

It's not very good timing for the Xiongan New Area to rapidly grow into a megacities like Shenzhen, South China's Guangdong Province, or the Pudong area of Shanghai, considering the current situation, and more patience is needed in this 1,000-year project, a Chinese professor said.
Source: Global Times | 2018/8/15 21:58:28

China lists 400 State-owned enterprises for market reform

The Chinese government has listed about 400 State-owned enterprises (SOEs) for market reforms by and 2022, signaling policymakers' determination to carry out broad reforms of the country's massive State-owned assets.
Source: Global Times | 2018/8/15 21:58:27

US robotics company values Chinese market despite ongoing trade clash

NASDAQ-listed iRobot said it is a global company and the Chinese market is very important, although that tariffs imposed by the Trump administration on Chinese imports may disrupt the supply chain of the global robotics sector.
Source: Global Times | 2018/8/15 21:33:40

Taiwan-based 85 Cafe may face boycott in the mainland, urged to recognize 1992 Consensus

Taiwan-based chain 85 Degrees Celsius Bakery Café (85 Cafe) has sparked criticism in the Chinese mainland, after one of its US stores warmly welcomed Taiwan leader Tsai Ing-wen, who leads the pro-independence Democratic Progressive Party.
Source: Global Times | 2018/8/15 21:13:40

China grows stronger amid difficulties: NDRC

China's economy cannot be struck down by external factors, as already demonstrated in recent decades, said a spokesperson for the National Development and Reform Commission (NDRC), the country's top economic planner.
Source: Global Times | 2018/8/15 19:33:40

Xinjiang becomes key logistics hub for B&R; handles 1,400 trains to Europe this year

Under the scorching sun, a crane loads containers filled with car parts, small commodities and clothing onto a train.
Source: Xinhua-Global Times | 2018/8/15 17:53:40