BUSINESS >> Economy

US economy continues modest expansion in December, Fed survey shows

US economic activity continued to expand at a modest pace from late November through the end of last year, the latest survey result released by the Federal Reserve showed on Wednesday.
Source: Xinhua | 2017/1/19 13:28:40

Consumption to remain top engine of China's economic growth

Domestic consumption will continue to play a leading role in boosting China's economic growth this year, according to a recent report.
Source: Xinhua | 2017/1/19 13:23:41

MOFCOM warns economic strife between China, US would be damaging after Trump takes office

An economic confrontation between China and the US would hurt both countries due to their interconnected interests, a Ministry of Commerce (MOFCOM) spokesperson said on Thursday morning.
Source: Global Times | 2017/1/19 13:08:39

Australian business leaders back President Xi's calls to embrace globalization

Australian business leaders have backed calls from Chinese President Xi Jinping for world leaders to support and embrace free trade and globalization in the face of growing protectionism.
Source: Xinhua | 2017/1/19 9:52:16

Scapegoating globalization won't solve economic woes

Finding a scapegoat for the prolonged global economic quagmire is easy, while coming up with practical solutions is not.
Source: Xinhua | 2017/1/19 8:20:33

Sino-Cambodian motorcycle JV

A $20 million motorcycle assembly plant, jointly invested in by Cambodia's Try Pheap Group and Sichuan Grand Royal Group based in Southwest China's Sichuan Province, was launched in Kandal province, Cambodia on Wednesday.
Source: Global Times - Xinhua | 2017/1/18 23:43:40

Entertainment ‘unhurt’ by policies

Chinese billionaire Wang Jianlin said on Wednesday at the 2017 annual meeting of the World Economic Forum (WEF) that the main growth market of English language films outside of the US is China, and he expected that US President-elect Donald Trump's protectionism won't hurt entertainment.
Source: Global Times - Xinhua | 2017/1/18 23:43:40

New regulations for SOEs’ overseas deals

The State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday issued new regulations covering overseas investment by State-owned enterprises (SOEs).
Source: Global Times | 2017/1/18 23:38:40

Swiss rail group moves ahead with ‘One Belt, One Road’ intercontinental services

As one of the foreign participants in the "One Belt, One Road" initiative, InterRail Holding AG, a Swiss freight rail services provider, has been working closely with China Railway Corp's subsidiary China Railway Container Transport Group, and moved more than 100,000 20-foot equivalent container units from China to European and Central Asian destinations. Global Times reporter Chen Qingqing (GT) recently interviewed its director Michael Albert.
Source: Global Times | 2017/1/18 23:38:39

Real estate market stabilizes

Home prices in first- and second-tier cities across China were stable in December, due to government efforts to regulate the overheated property market, the National Bureau of Statistics (NBS) said on Wednesday.
Source: Global Times | 2017/1/18 23:33:39

Oracle’s Beijing staff protest layoffs

US tech giant Oracle Corp's R&D staff in Beijing have been protesting a layoff plan, accusing the company of currying favor with US President-elect Donald Trump by retaining job opportunities in the US.
Source: Global Times | 2017/1/18 13:08:39

Domestic real estate market cools in December

Home prices in first- and second-tier cities across China were stable in late December, thanks to government’s efforts to regulate the overheated domestic property market, the National Bureau of Statistics (NBS) said on Wednesday.
Source: Global Times | 2017/1/18 11:50:51

China’s tourism industry sees robust growth

China's tourism industry enjoyed robust growth in 2016 thanks to the central government's stimulating policies and innovative financial practices in the industry, like mergers and acquisitions, experts told the Global Times on Tuesday.
Source: Global Times | 2017/1/17 23:43:39

Oil output to fall 7% by 2020

China's crude oil output is expected to drop by 7 percent by 2020, the final year of the current five-year plan, compared with the previous five-year period as output from some of the nation's largest but oldest wells falls.
Source: Reuters-Global Times | 2017/1/17 23:33:39

Nation to further open to foreign investment

The State Council, China’s cabinet, issued on Tuesday new measures to further open the world’s second-largest economy to foreign investment, including easing restrictions on investment in banks and other financial institutions.
Source: Reuters-Global Times | 2017/1/17 23:28:39

Companies strive to meet goals for climate change

Chinese companies are stepping up efforts to fulfill the government's commitments on climate change, an industry representative said on Tuesday during the World Economic Forum Annual Meeting held in Davos, Switzerland.
Source: Global Times | 2017/1/17 23:28:39

China’s tourism market worth $680b in 2016

Domestic tourism revenue jumped 13.6 percent to 4.69 trillion yuan ($680 billion) in 2016, the People’s Daily reported on Monday, citing information released at a national tourism conference in Central China’s Hunan Province.
Source: Global Times | 2017/1/17 12:53:39

IMF keeps global growth forecast for 2017 unchanged at 3.4 pct

The International Monetary Fund (IMF) on Monday kept its forecast for global economic growth for 2017 and 2018 unchanged at 3.4 percent and 3.6 percent respectively, but warned of uncertainties.
Source: Xinhua | 2017/1/17 9:44:02