BUSINESS >> Economy

China exporting more submarines

China's exported submarines are relatively cheap but offer advanced technology, and designs for some of their features could be modified to meet customers' requirements, making them more competitive in the global market, an expert said Thursday.
Source: Global Times | 2017/4/27 23:13:41

Trade, investment cooperation robust along Belt and Road

Trade and investment cooperation between China and countries along the Belt and Road has been smooth and robust this year, a commerce ministry official said Thursday.
Source: Xinhua | 2017/4/27 22:20:27

China Development Bank to loan billions in Xiongan New Area

China Development Bank (CDB), a state-owned policy bank, said on Thursday that it will provide loans of 130 billion yuan (18.9 billion US dollars) to support the development of Xiongan New Area.
Source: Xinhua | 2017/4/27 22:18:56

Unicom cuts roaming fees

Telecom giant China Unicom said on Thursday that it will cut international roaming fees in countries and regions along the route of the "One Belt, One Road" initiative starting on May 1, according to a statement on the company's website.
Source: Xinhua-Global Times | 2017/4/27 21:53:41

Industrial profits grow in March

Major industrial companies continued to post double-digit growth in March, adding to signs of a stabilizing Chinese economy, official data showed Thursday.
Source: Xinhua-Global Times | 2017/4/27 21:48:41

Individual investible assets No.2 in world

The value of China's individual investible assets reached 126 trillion yuan ($18.28 trillion) in 2016, 1.7 times the country's gross national product, ranking second in the world in terms of scale, according to a report jointly released by Industrial Bank Co and global consulting firm BCG on Thursday.
Source: Global Times | 2017/4/27 21:48:41

Cooperation pays off with Q1 gains in trade, investment, MOFCOM says

China's economic and trade cooperation with countries and regions along the route of the "One Belt, One Road" (B&R) initiative gained momentum in the first quarter of 2017, China's Ministry of Commerce (MOFCOM) said on Thursday ahead of the B&R Summit Forum that's scheduled for Beijing in May.
Source: Global Times | 2017/4/27 21:48:41

Initiative lifts Cambodia village

Sihanoukville port, once an impoverished part of Cambodia's southwestern Preah Sihanouk Province, has grown into a prosperous city like the innovation hub of Shenzhen, South China's Guangdong Province, the People's Daily reported Wednesday.
Source: Global Times - People's Daily | 2017/4/27 21:23:41

Blueprint for better future

Editor’s Note: The Xiongan New Area, which was announced on April 1 by the Central Committee of the Communist Party of China and the State Council, is about 100 kilometers southeast of Beijing, and it will span three counties (Xiongxian, Rongcheng and Anxin) that sit at the center of the triangular area formed by Beijing, Tianjin and Shijiazhuang, Hebei's provincial capital. After speculative investors rushed to Xiongan to buy housing in early April, local governments announced restrictions to stabilize the property markets, which have achieved certain effects. So far, at least 40 centrally administrated State-owned enterprises have vowed to support the development of the new economic zone and companies in sectors like infrastructure and transportation will be the first to enter Xiongan. Although currently underdeveloped, Xiongan has large growth potential in the near future.
Source: Global Times | 2017/4/27 20:08:41

Asset securitization to be key financial model in China's property sector

China's fast-developing real estate finance sector stands at a crossroads and domestic property developers are expected to rely on a combination of traditional financing models and other financing channels, said brokerage Jones Lang LaSalle (JLL) on Thursday.
Source: Global Times | 2017/4/27 18:23:41

Japan's central bank keeps monetary policy unchanged, lowers inflation forecast

The Bank of Japan on Thursday kept its monetary policy unchanged and lowered its inflation forecast for this fiscal year, saying its stimulus measures will be kept in place to achieve its reflation goal.
Source: Xinhua | 2017/4/27 14:51:58

Report urges Australian gov't to turn to China, India for trade

Australia needs to shift its trade focus from traditional partners such as the United States and Britain in favor of emerging economies such as China and India, according to an economic report released on Thursday.
Source: Xinhua | 2017/4/27 14:51:08

China industrial profits maintain double-digit growth in March

China's major industrial firms continued to post double-digit growth in March, adding to signs of a stabilizing Chinese economy, official data showed Thursday.
Source: Xinhua | 2017/4/27 10:29:41

China to spur market vitality via integration of certificates

China will keep integrating business certifications and licenses into one consolidated business license, which is to further reduce institutional costs for market entities and stimulate market vitality as part of the country's business registration reform.
Source: Xinhua | 2017/4/26 23:30:49

Chinese firms easing Sino-US relations

Chinese companies' active investment in the US is acting as a lubricant for Sino-US relations, experts told the Global Times on Wednesday. They also noted that China and the US will be able to find a balance in the Sino-US trade status, which is a thorn in the side of the Trump administration.
Source: Global Times | 2017/4/26 23:08:41

Industry improves in Q1

The industrial sector, which accounts for more than one-third of China's GDP, picked up steam in the first quarter of 2017, a senior official said Wednesday.
Source: Global Times - Xinhua | 2017/4/26 22:28:40

US staff train in China

As an example of interaction between China and the US in the field of train technology, 33 foreign employees from the Springfield, Massachusetts base of State-owned trainmaker China Railway Rolling Stock Corp (CRRC) Massachusetts have come to China for a three-month training program, domestic news portal people.cn reported on Wednesday.
Source: Global Times - Xinhua | 2017/4/26 22:23:41

Wanda signs marathon deal

Wanda Group said on Wednesday that it signed a strategic cooperation agreement with Abbott World Marathon Majors (WMM) in Beijing.
Source: Global Times | 2017/4/26 22:23:40