BUSINESS >> Economy

Chinese companies fulfill CSR mandate in B&R countries: report

With helping to drive Kenya's economic growth, China Communications Construction Company (CCCC) has also effectively fulfilled its corporate social responsibility (CSR) mandate by training talents and protecting local employees' right, a new report shows.
Source: Xinhua | 2018/9/21 18:50:59

China continues to cut 30 million tons of crude steel capacity in 2018: report

China is endeavoring to cut steel overcapacity and will make continuous efforts to advance the recovery and sound growth of the industry across the globe, the Xinhua News Agency reported on Friday.
Source: Xinhua | 2018/9/21 12:26:46

China releases measures to boost consumption

The State Council, China's cabinet, has unveiled a slew of measures to unlock domestic consumption potential, the Xinhua News Agency reported on Thursday. China sees institutional barriers restricting consumption expansion and upgrading, and some key market developments could not meet diversified consumer demand, Xinhua reported citing a guideline released by the State Council recently.
Source: Global Times | 2018/9/20 22:43:41

Chinese firms race to upgrade amid trade war with US

Chinese manufacturing companies are under pressure to speed up their industrial upgrading as the ongoing trade dispute between China and the US is squeezing the profitability of low added-value products.
Source: Global Times | 2018/9/20 22:33:46

Soy protein products deal

China and Denmark on Tuesday agreed to allow Danish animal feed based on soy protein to enter the Chinese market.
Source: Reuters-Global Times | 2018/9/20 22:33:40

Aroundtheworld

As 10 refrigerated trucks loaded with produce crossed the China-Mongolia border Thursday, the two countries inaugurated their first "green channel" for cross-border agricultural trade.
Source: Xinhua-Global Times | 2018/9/20 22:28:40

Chinese loans to Africa are market-driven: China Development Bank

The nation's major policy bank has rebutted claims that China's loans to Africa are causing a debt crisis, and it said every loan it has granted was market-driven and in line with international standards.
Source: Global Times | 2018/9/20 22:13:41

US overlooks serious trouble to its economy from trade war: experts

US officials have long been boasting of robust economic growth and a bullish stock market, which they cite as clear advantages over a slowing Chinese economy in a trade war that continues to escalate, but things might not be as optimistic as they suggest.
Source: Global Times | 2018/9/20 21:48:39

China to help foreign companies cushion trade war impact

Chinese officials have been courting foreign companies, reaffirming the nation's determination to continue reform and opening-up and vowing to help foreign companies ease the impact of the escalating trade war with the US.
Source: Global Times | 2018/9/20 20:19:43

EU to support Asia-Europe connectivity

China expects the EU to play a constructive role in connecting Asia and Europe, an important goal under the China-proposed Belt and Road (B&R) initiative, Geng Shuang, spokesperson for the Foreign Ministry, said at a press conference on Thursday.
Source: Global Times | 2018/9/20 19:28:42

Data at Davos forum shows China leading world in EV sector

China has quickly established itself as a world leader in the electric vehicles (EV) sector and will open wider to the world's market in the next stage, officials and industry players said during the annual Summer Davos Forum held in North China's Tianjin Municipality from Tuesday to Thursday.
Source: Global Times | 2018/9/20 19:28:41

Foreign retailer bets on China's 'New Retail' future

With the Chinese economy becoming more consumption-driven and the country's “New Retail” layout booming, foreign investment cannot miss out on growth opportunities, a senior executive told the Global Times.
Source: Global Times | 2018/9/20 19:28:40

New rules enable WMPs to be invested in stock market

The China Securities Depository and Clearing Corporation (CSDC) has released a revised version of guidelines for special agencies and product securities account businesses, enabling wealth management products (WMPs) to be directly invested in the stock market from Wednesday.
Source: Global Times | 2018/9/20 17:33:40

Top iron ore trading platform eyes record volumes

Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmaking raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said.
Source: Reuters-Global Times | 2018/9/20 17:28:41

An autonomous future

Visitors get ready to take a ride on an autonomous minibus developed by tech company Baidu at the Global Future Mobility Conference in Hangzhou, capital of East China's Zhejiang Province on Thursday. The four-day event, which has attracted more than 100 enterprises, displays cutting-edge technologies and future trends in the transportation industry such as new-energy vehicles, smart cars and autonomous vehicles. Photo: VCG
Source: VCG | 2018/9/20 17:28:40

China stocks end lower as trade war cautions persist

Chinese stocks gave up ground on Thursday after two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the China-US trade friction. At the close, the Shanghai Composite Index was down 0.06 percent at 2,729.24 points.
Source: Reuters-Global Times | 2018/9/20 17:23:40

Thai Airways' agony

Struggling national carrier Thai Airways International PCL is pinning hopes of a revival to its 1990s heydays on a new leadership team, jet purchases and improving its brand as tourism booms in the region.
Source: Reuters-Global Times | 2018/9/20 15:43:40

New services, deals

China Eastern A new flight linking Shigatse, Southwest China's Tibet Autonomous Region with Jinan, capital of East China's Shandong Province, was inaugurated this week by China Eastern Airlines.
Source: Global Times - Agencies | 2018/9/20 15:38:40