BUSINESS >> Economy

China imposes provisional anti-dumping duties on phenol imports

China's Ministry of Commerce (MOC) announced Monday that it would levy provisional anti-dumping duties on phenol imported from the United States, the European Union, the Republic of Korea, Japan and Thailand.
Source: Xinhua | 2019/5/27 14:47:23

Power consumption reveals China's economic vitality

As a key barometer of economic activity, China's power consumption rose 5.8 percent year on year in April, reflecting a flourishing development of new economic drivers and consumption upgrading.
Source: Xinhua | 2019/5/27 14:34:12

China's utmost sincerity in trade talks a sign of strength

Scapegoating China for its trade imbalance and even some of its domestic economic issues, the United States is attempting to squeeze an unequal trade deal out of China, using measures such as tariff hikes and targeting its tech companies.
Source: Xinhua | 2019/5/27 14:06:24

Focus on long term key to China-US trade

Trade issues pale in importance compared to the need to maintain good economic, political and people-to-people relations between China and the United States.
Source: China Daily | 2019/5/27 14:05:00

Fruit prices to stabilize or fall as supplies grow

Surging fruit prices have become a hot issue in China, but analysts said the situation just reflects seasonal factors and prices will stabilize or even drop as supplies improve.
Source: Global Times | 2019/5/26 22:00:47

Offices of the future

A 1.5-kilometer intricate design of office space and commercial areas on top of several buildings at the Shanghai Lingang-Songjiang Sci-tech City is set for completion later this month.
Source: Global Times | 2019/5/26 21:58:40

Trade war won't destroy China's build-in supply chain

The current trade war with the US cannot destroy China's advantages in the supply chain advantages and will in fact help the country's manufacturing base to climb faster and higher up the value chain, Chinese industry insiders noted.
Source: Global Times | 2019/5/26 21:53:41

Huawei eyes the long game even under fire

China's Huawei Technologies Co has in recent weeks mounted a very vocal response to a US ban. But more than just words, the company has also taken concrete actions to prepare for the long game.
Source: Global Times | 2019/5/26 21:53:40

Markets stable after takeover of China's Baoshang Bank

Financial regulators said on Sunday that the deposits and interest due in Baoshang Bank (BSB) will be protected in the wake of its takeover, and market liquidity will also be maintained to ensure normal operation. Regulators took over the bank Friday, citing “serious credit risks.”
Source: Global Times | 2019/5/26 21:33:39

China's new cybersecurity rule indicates possible retaliation against US

A new draft regulation on cybersecurity could set the stage for Chinese regulators to take necessary action against US technology companies if their products and services are found to pose a threat to China's national security, an industry analyst said on Sunday.
Source: Global Times | 2019/5/26 21:28:40

Huawei defiant over mounting pressure

Telecom company Huawei Technologies Co on Sunday remained defiant over mounting pressure from the US, after some US-based industry standard bodies temporarily restricted the Chinese company's participation, downplaying the potential impact of the move on its business and blasting the bodies' unjust decisions.
Source: Global Times | 2019/5/26 20:03:40

Tsinghua forum highlights China's financial policy

China should adopt a moderately loose monetary policy to offset the negative impact of the prolonged trade war with the US and provide a cushion against non-performing loans (NPLs) in the domestic banking system, an industry report suggested over the weekend.
Source: Global Times | 2019/5/26 19:13:40

Manufacturing hub fosters creativity in age of automation, 5G application

A giant screen displaying real-time traffic, flow of people and weather information at Huawei's Smart City Intelligent Operation Center (IOC) caught many eyes at the recently concluded World Intelligence Congress (WIC).
Source: Xinhua | 2019/5/26 18:08:39

Central China magnet for attracting investors

Six central Chinese provinces inked deals for 51 foreign-invested projects with total contractual investment of $10.5 billion at the Expo Central China 2019.
Source: Xinhua | 2019/5/26 18:03:39

Xi sends congratulatory letter to China Int'l Big Data Industry Expo

Chinese President Xi Jinping sent a congratulatory letter to the China International Big Data Industry Expo 2019, which opened in the city of Guiyang, southwest China's Guizhou Province, on Sunday.
Source: Xinhua | 2019/5/26 17:37:50

China Int'l big data expo opens

An international expo on big data opened Sunday in southwest China's Guizhou Province, focusing on the latest innovation of the technology and its applications.
Source: Xinhua | 2019/5/26 17:26:58

Decoupling from China hampers global development

For the past two decades, the botched theory of the "coming collapse of China's economy" has been debunked repeatedly by realities. If one must find a match for its fallacy, the theory of "decoupling from China" is a prime candidate.
Source: Xinhua | 2019/5/26 17:21:30

Premier Li calls for tax cuts, market vitality to ensure steady growth

Chinese Premier Li Keqiang urged on Friday further tax cuts and fee reductions to stimulate market vitality and ensure the improvement of people's livelihood and maintain steady economic growth.
Source: Global Times | 2019/5/25 15:46:10