BUSINESS >> Economy

China still behind developed economies

China has no ambition for global leadership and is soberly aware of the fact that there is still a big gap between it and developed economies, experts said on Monday.
Source: Global Times | 2018/1/22 21:58:40

US poses greater threat to global trade: official

The US, not China, is posing a threat to the global trade system, China's foreign ministry said on Monday, after US President Donald Trump's administration called US support for China joining the WTO in 2001 a mistake.
Source: Reuters-Global Times | 2018/1/22 21:53:41

Yangtze River cluster

China will focus on building industrial clusters for making electronics, high-end equipment, automobiles, home appliances and clothing along its longest river, sources said.
Source: Xinhua | 2018/1/22 21:53:40

China's northeastern region still lagging behind, report says

A quarter of enterprises in China's northeastern region recorded profits in 2016, below the country's average level, while the Beijing-Tianjin-Hebei region and Yangtze River Delta region still took the lead in China in economic performance in 2016. The gap reflected imbalanced regional development.
Source: Global Times | 2018/1/22 21:53:39

Figuratively Speaking

30b yuan Size of a fund established by North China's Inner Mongolia Autonomous Region to boost local State-owned companies' modernization efforts, media reports said on Monday.
Source: Global Times | 2018/1/22 21:33:39

Beijing sets new foreign trade record

Foreign trade in Beijing totaled 2.19 trillion yuan ($341.9 billion) in 2017, up 17.5 percent year-on-year, with both imports and exports surging, the municipal customs office announced Monday.
Source: Xinhua | 2018/1/22 21:28:40

China-EU freight trains see costs drop 40%

The overall freight costs for China Railway Express (CR Express), rail cargo service between China and Europe as well as other regions, have dropped by about 40 percent since the early stages of the service in 2011, an official from China's top economic planner said on Monday.
Source: Global Times | 2018/1/22 20:13:39

China to battle protectionism

China should have two strings to its bow – both strengthening negotiations as well as preparing to fight back – when faced with rising protectionism in global trade, experts told the Global Times on Sunday.
Source: Global Times | 2018/1/21 22:18:39

Figuratively Speaking

18m units Forecast shipments of Apple's iPhone X in the first quarter of 2018, KGI Securities estimated, according to media reports on Sunday.
Source: Global Times | 2018/1/21 22:13:39

Making headlines

The World Economic Forum's annual meeting will open in Davos, Switzerland on Tuesday, with world leaders, including US President Donald Trump and corporate executives, expected to attend.
Source: Global Times | 2018/1/21 22:08:40

Digital evolution seen changing consumer habits as more shop online: report

China's digital evolution is primed to accelerate and connected devices are increasingly a core purchase driver, with new innovations to further change consumer behavior and ways for brands to reach and engage target audiences, a report showed.
Source: Xinhua | 2018/1/21 21:13:40

Public NEV charging sees increase of 51%

China had installed 214,000 public charging piles for new energy vehicles (NEVs) by the end of 2017, the most worldwide, according to Industry and Information Technology Minister Miao Wei.
Source: Xinhua-Global Times | 2018/1/21 21:13:39

Food delivery market up 23%

China's food delivery market registered fast growth last year, with young Chinese people increasingly choosing to order food online, according to a new report.
Source: Xinhua | 2018/1/21 21:13:39

HK-Zhuhai-Macao bridge progresses

Construction of road surfacing works and road facilities connecting the Hong Kong Special Administrative Region with the Hong Kong-Zhuhai-Macao Bridge (HZMB) has been completed and related load tests have also been accomplished, the Xinhua News Agency reported on Saturday.
Source: Global Times | 2018/1/21 21:08:40

Europe to lure Chinese tourists

Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, European countries are rolling out the red carpet to make the guests feel welcome.
Source: AFP - Global Times | 2018/1/21 21:08:40

Shanghai Pudong Development Bank fined $72 million for bad loans

A new round in China's sweeping campaign against market wrongdoings in the financial sector has taken effect, with the Chengdu branch of the Shanghai Development Bank (SPD Bank) being the latest to be punished for being involved in illegal loan activity.
Source: Global Times | 2018/1/21 14:23:39

China VC investment hits record high in 2017: KPMG

Venture capital (VC) investment in China reached a record high of over 40 billion US dollars in 2017, up 15 percent year on year, an industrial report showed.
Source: Xinhua | 2018/1/20 22:30:16

China's luxury sales rebound in 2017, boosted by young consumers: report

China's luxury product sales rebounded in 2017 after about three years of moderation as more young consumers spent on global brand cosmetics and jewelry.
Source: Xinhua | 2018/1/20 20:21:26