BUSINESS >> Economy

German carmakers react cautiously to threat of new US tariffs

The German automotive industry responded cautiously on Thursday to news that US President Donald Trump has taken first steps towards the imposition of new tariffs on foreign-manufactured vehicles.
Source: Xinhua | 2018/5/24 23:15:40

Figuratively Speaking

The value of cross-border transactions using yuan in the first quarter of 2018, data from the People's Bank of China showed.
Source: Global Times | 2018/5/24 22:03:40

Nation will defend its interests

China will evaluate the potential impact on Chinese companies from a US move to investigate imported vehicles and auto parts and will "resolutely" defend its interests, Gao Feng, spokesperson for MOFCOM, said on Thursday.
Source: Global Times | 2018/5/24 21:58:40

Confidence highest

China's Consumer Confidence Index rose to 115 in the first quarter of 2018, the highest level in the past decade, global performance management company Nielsen said Thursday.
Source: Global Times - Xinhua | 2018/5/24 21:53:41

New focus on coastal FTZs

The Chinese government is re-shifting the focus of free trade zones (FTZs) back to coastal areas, which experts said can maximize the effects and influence of FTZs by taking advantage of the regions' developed economies.
Source: Global Times | 2018/5/24 21:53:40

EU says US car import threat "difficult to understand"

The United States (US) investigation into vehicle imports under Section 232 is very hard to understand, European Commission Vice-President Jyrki Katainen said on Thursday.
Source: Xinhua | 2018/5/24 21:52:49

EU starts new probe into steel imports

The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday.
Source: Reuters-Global Times | 2018/5/24 21:43:48

Tariffs to be cut for more goods: report

After a slew of measures in recent months to further open up the Chinese market to foreign goods and services, the central government is mulling tariff reductions on a wide range of consumer goods, Bloomberg reported Thursday.
Source: Global Times | 2018/5/24 21:43:45

China will stick to trade deal: MOFCOM

China's Ministry of Commerce (MOFCOM) on Thursday sought to push forward agreements reached last week with the US that aim to defuse the recent trade tensions, after top US officials showed signs of backing away from the deal.
Source: Global Times | 2018/5/24 21:43:41

China calls for EU caution in taking protective measures

China's Ministry of Commerce said Thursday that it hopes the European Union will carefully assess its overall interests and be cautious in taking restrictive measures.
Source: Xinhua | 2018/5/24 21:26:49

Belt and Road Initiative delivers benefits beyond its borders, says Chinese ambassador

Though originating in China, the Belt and Road Initiative (BRI) delivers benefits well beyond its borders and enjoys great prospects worldwide, Zhang Ming, head of the mission of the People's Republic of China to the EU, said Wednesday.
Source: Xinhua | 2018/5/24 19:44:00

Preparations underway

A worker assembles a booth in what will be the exhibition hall of the China International Big Data Industry Expo on Thursday. The exhibition will be held from Saturday to Tuesday in Guiyang, capital of Southwest China's Guizhou Province. About 400 companies will participate and display their latest achievements in sectors including blockchain, social media management, industrial innovation and smart cities, among many others. Photo: IC
Source: IC | 2018/5/24 19:08:44

Benchmark steel futures extend losses while Dalian iron ore edges up 0.7 percent

China's benchmark construction steel futures extended losses into a fifth session on Thursday, with lukewarm demand in spot markets continuing to weigh on sentiment.
Source: Reuters-Global Times | 2018/5/24 19:08:43

Stocks down amid renewed trade concerns

Chinese stocks extended losses on Thursday
Source: Reuters-Global Times | 2018/5/24 19:08:40

Sinopec to boost US crude imports

Sinopec, Asia's largest refiner, will boost US crude oil imports to an all-time high, two sources with knowledge of the matter said.
Source: Reuters-Global Times | 2018/5/24 19:03:42

China's Xiamen Airlines takes delivery of first Boeing 737 MAX passenger aircraft

Fujian-based Xiamen Airlines has taken the delivery of the first 737 MAX passenger airplane, also the 200th Boeing jet received by the Chinese carrier, US aircraft manufacturer Boeing Co said Wednesday.
Source: Xinhua-Global Times | 2018/5/24 19:03:40

Twin-hub ambition

On May 19, China Southern Airlines and its sister companies moved to Terminal 2 (T2) of Guangzhou Baiyun International Airport, the latest move for the carrier in its mission to build twin hubs in both Beijing and Guangzhou, South China's Guangdong Province.
Source: Global Times | 2018/5/24 17:58:41

China vows to push forward with trade agreements as US signals retreat

The Chinese Ministry of Commerce (MOFCOM) on Thursday sought to push forward agreements reached last week with the US that aim to defuse escalating trade tensions, after top US officials showed signs of backing away from the deal.
Source: Global Times | 2018/5/24 15:18:40