BUSINESS >> Economy

China releases grand plan for the Guangdong-Hong Kong-Macao Greater Bay Area

China on Monday released a grand plan for the development of the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to build a global economic and technological powerhouse in the country's south region that could be on par with bay areas in New York and San Francisco.
Source: Global Times | 2019/2/18 23:18:39

China's Northeast rust belt eyes new future in aviation sector as growth spur

Facing a tough time in its traditional industrial sectors, Northeast China's rust belt has its eye on aerospace.
Source: Global Times | 2019/2/18 23:03:40

Web user sues Baidu for displaying scam customer service number

A Beijing resident surnamed Wang sued Baidu demanding compensation, alleging the search engine's results led her to a scam customer service number and caused losses of 45,000 yuan ($6,643.54), according to a statement on the Haidian court's official website on Monday.
Source: Global Times | 2019/2/18 14:06:55

Chinese provinces aspire to space economy, creating new growth drivers: report

Several provinces in China are developing space-related industries, aiming at establishing a "space economy" and creating new drivers of economic development.
Source: Global Times | 2019/2/18 13:57:39

Feeling the pinch of economic slowdown, Chinese counties seek new growth drivers

Chinese counties are at the forefront of the nation's drive to urbanize its vast rural areas. But as China's economic growth slows to its lowest level in more than 25 years, local economies are also feeling the pinch.
Source: Global Times | 2019/2/17 21:03:39

Foreign firms help SOEs

The Chinese government supports private firms and foreign-funded companies to join the reform and growth of centrally administrated state-owned enterprises (SOEs), and make joint efforts to explore ways in mixed ownership reforms, a Chinese official said over the weekend.
Source: Global Times | 2019/2/17 20:33:39

Antarctic trips attract China's social elites

Visiting Antarctica nowadays is a feat in the same caliber as a Chinese tourist visiting France in 1990, India in 2000 and Norway in 2010.
Source: Global Times | 2019/2/17 18:05:39

High leverage risks mainly exist in China's SOEs, local governments: report

China's state-owned enterprises (SOEs) and local governments remain the major places for high leverage risks, Shanghai Securities News reported Saturday.
Source: Xinhua | 2019/2/16 22:02:35

China to ensure safety of aquatic products: official

China will implement strict measures to ensure the safety and quality of aquatic products, though the product safety and quality have improved in recent years.
Source: Xinhua | 2019/2/16 15:42:28

Uber registers 3 bln USD in revenue for Q4 2018

US ride-hailing company Uber Technologies Inc. Friday reported 3 billion US dollars in revenue for the fourth quarter of 2018, representing a 25-percent year-on-year increase.
Source: Xinhua | 2019/2/16 14:40:31

Chinese bidders welcome to build road for Croatian port: minister

Croatian Minister of the Sea, Transport and Infrastructure Oleg Butkovic told reporters on Friday that Chinese bidders are welcome for a major road construction project in Rijeka, local daily newspaper Novi list reported.
Source: Xinhua | 2019/2/16 9:49:56

Portugal's economy cools in 2018 but remains above EU average

The Portuguese economy grew by 2.1 percent in 2018, down 0.7 percentage points from that of 2017 and slightly below government expectations, local media reported on Friday.
Source: Xinhua | 2019/2/16 9:46:59

China, U.S. conclude new round of high-level economic, trade consultations

China and the United States held the sixth round of high-level economic and trade consultations in Beijing from Thursday to Friday.
Source: Xinhua | 2019/2/16 8:17:56

'The Wandering Earth' a milestone in China's sci-fi film genre: official

China's film authority has hailed the first domestic sci-fi movie blockbuster, “The Wandering Earth,” which has grossed 3.1 billion yuan ($458 million) at the box office as of Thursday, a milestone in the country's development of science fiction films.
Source: Global Times | 2019/2/15 20:58:15

Jim Rogers denies visiting North Korea on Kim's invitation, but keen on investment prospects

Jim Rogers, renowned investor and chairman of Rogers Holdings, denies he will visit North Korea in March at the invitation of the country's leader, Kim Jong-un.
Source: Global Times | 2019/2/15 19:08:40

Chinese president meets US trade representative, treasury secretary

Chinese President Xi Jinping on Friday met with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, who were here for a new round of China-US high-level economic and trade consultations, at the Great Hall of the People in Beijing.
Source: Xinhua | 2019/2/15 18:43:57

Pinduoduo to subsidize brand products sales to upgrade rural shopping

Chinese social e-commerce platform Pinduoduo will spend at least 500 million yuan (73.8 million US dollars) in subsidies to support sales of brand-name products in small cities and rural areas in 2019, the company announced Friday.
Source: Xinhua | 2019/2/15 16:52:10

China, US trade talks end in Beijing, statements expected soon

Chinese and US officials concluded their latest round of trade negotiations in Beijing on Friday, with results of the talks expected soon, according to a tweet from Global Times' editor-in-chief Hu Xijin.
Source: Global Times | 2019/2/15 16:22:40