BUSINESS >> Economy

China vows easier market access for foreign investors, on course for greater opening-up

China is on course for a greater opening-up of its economy, which is increasingly becoming a magnet for foreign investment, senior government officials and business executives said over the weekend at a high-profile forum in Beijing.
Source: Global Times | 2019/3/24 22:08:39

Breakthroughs in China's financial market opening-up: central bank governor

China has made marked progress in allowing foreign financial institutions to access its financial market, central bank governor Yi Gang said Sunday.
Source: Xinhua | 2019/3/24 21:23:03

Cambodia defends Chinese investment at expressway groundbreaking ceremony

Cambodian Prime Minister Hun Sen refuted accusations that China's increasing investment in the country is “colonizing” it when he addressed the groundbreaking ceremony of a $2 billion Chinese-funded expressway on Friday.
Source: Global Times | 2019/3/24 21:13:42

China's logistics sector posts steady growth in 2018

China's logistics sector posted steady growth in 2018, with the value of goods carried by the sector up 6.4 percent year on year to 283.1 trillion yuan ($42.3 trillion).
Source: Xinhua | 2019/3/24 20:33:20

Russia remains China's largest crude oil source for 3rd year: report

China's dependence on imported crude oil has climbed to about 70 percent with Russia remaining the country's largest supplier for three consecutive years from 2016 to 2018, said an industry report.
Source: Global Times | 2019/3/24 20:18:39

Big scope for China-France ties as BRI offers avenue for development, prosperity

China and France can carry out pragmatic cooperation, both bilaterally and multilaterally, within the framework of the Belt and Road Initiative (BRI), said a Chinese government official in a note sent to the Global Times.
Source: Global Times | 2019/3/24 20:08:39

JD.com employees visit prisons for anti-corruption education

E-commerce company JD.com has drawn public attention by taking its employees on a tour of a Beijing prison to teach them the value of freedom and the peril of corruption, according to an official JD WeChat account called lianjian JD, which means JD against corruption, on Thursday.
Source: Global Times | 2019/3/24 20:08:39

EU to shun American assault against Huawei

The EU appears to be poised to deal a major blow to what Chinese officials and experts call a politically charged campaign against Huawei, as the bloc's executive branch is reportedly preparing to issue a recommendation for 5G development later this week that ignores the US' call to oust Huawei.
Source: Global Times | 2019/3/24 20:03:39

Cost of dental implants hard to swallow for Chinese patients

“A full set of implanted teeth could cost as much as a brand-new BMW sedan,” 21jingji.com reported on Saturday, a sign of Chinese people's surging demand for oral treatment – and a market with huge profits.
Source: Global Times | 2019/3/24 19:58:39

China to cut enterprise contributions to social insurance from May 1

Starting from May 1, China will lower enterprise contributions to urban workers' basic aged-care insurance from 20 percent to 16 percent to reduce enterprises' burdens, Minister of Finance Liu Kun said Sunday.
Source: Xinhua | 2019/3/24 18:48:29

China's eSports industry seeks 'NBA model' for revenue and training

China has leveled up its gaming industry this year, from creating internet café hotels to recognizing eSports player as a new profession.
Source: Global Times | 2019/3/24 18:34:06

Belt and Road Initiative the new norm for globalization: economist

The Belt and Road Initiative (BRI) can be a new model for globalization, as the current model is beginning to falter, said Li Yang, an expert in economics at the China Development Forum in Beijing.
Source: Global Times | 2019/3/24 15:15:50

Chinese yuan to firm against U.S. dollar on dovish Fed, expected trade deal: UBS

The Chinese yuan (CNY) would appreciate against the U.S. dollar (USD) in the following 12 months due to a more dovish U.S. Federal Reserve and anticipated trade deal between the United States and China, according to the latest research note by Swiss multinational investment bank UBS AG.
Source: Xinhua | 2019/3/24 9:22:46

Concerns over implementation of foreign investment law unnecessary as China committed to further opening-up: experts

Specific rules and regulations to implement the foreign investment law, which will be formulated by relevant departments and local governments, will be effectively implemented to genuinely protect foreign businesses' interests in China amid a fresh round of reform and opening-up, experts said Thursday.
Source: Global Times | 2019/3/21 21:38:41

Engineering school in Shanghai becomes China's first 5G university

Quiet lawns and playgrounds, students riding bicycles... it seemed to be an ordinary campus scene at the Shanghai University of Engineering Science on Thursday morning, but changes were taking place invisibly because of 5G.
Source: Global Times | 2019/3/21 21:38:40

Microsoft collaboration shows China's open stance in technology

The first public service platform powered by artificial intelligence (AI) and virtual reality (VR) technology by Microsoft was launched on Wednesday in Laoshan, East China's Shandong Province.
Source: Global Times | 2019/3/21 21:33:41

China, US to resume trade talks, but divisions over tariffs remain

After a nearly month-long pause, Chinese and US trade officials are scheduled to hold two back-to-back rounds of high-level talks starting next week, signaling that the two economic powers are rushing for a final deal to end their tit-for-tat trade war, despite apparent divisions.
Source: Global Times | 2019/3/21 20:53:40

China won't repeat Japan's lost years in US trade deal

As China and the US reach the final stage of negotiations over a deal that could end the trade war, some are worried that the agreement may result in lost decades for the Chinese economy, just like what the Plaza Accord did to Japan in the 1980s.
Source: Global Times | 2019/3/21 20:03:40