BUSINESS >> Economy

Economic Watch: Private enterprises show great confidence in foreign trade

China's import and export volume in 2018 rose 9.7 percent year on year to more than 30 trillion yuan (4.4 trillion U.S. dollars), a record high amid the complex circumstances mainly thanks to the country's robust ang resilient private sector.
Source: Xinhua | 2019/1/16 14:51:40

China to roll out measures to maintain stable employment: official

China on Wednesday said it will adopt a more proactive employment policy in 2019 in order to stabilize the job market, in the face of record-high university graduate numbers and a complicated employment situation in the country.
Source: Global Times | 2019/1/16 12:58:40

China's imported soybean supply guaranteed this year, domestic production to improve: official

Chinese imports of soybeans will be guaranteed in quantity this year with steady market operations, meanwhile the area sown to soybean in China is expected to be expanded in 2019, said an agricultural ministry official on Wednesday.
Source: Global Times | 2019/1/16 12:58:39

World entering era of "profound global instability": WEF founder

The world is entering a period of "profound instability" due to the technological disruption of the Fourth Industrial Revolution and geo-economic and geopolitical realignment, Klaus Schwab, World Economic Forum (WEF) founder said Tuesday.
Source: Xinhua | 2019/1/16 10:49:37

China plans to boost sports consumption to 1.5 trillion yuan by 2020

Sports consumption in China is expected to reach 1.5 trillion yuan (about 221 billion US dollars) by 2020, according to a two-year national plan for boosting sports consumption issued on Tuesday.
Source: Xinhua | 2019/1/16 10:23:52

Chinese economic officials elaborate policies to boost growth

China's senior economic officials on Tuesday elaborated the country's policies to ensure sustained and healthy economic development.
Source: Xinhua | 2019/1/16 8:14:13

Exports heat up

Chinese workers sort portable extinguishers to be exported to South Korea at a factory in Lianyungang, East China's Jiangsu Province on Tuesday. The company, which has an annual capacity to produce 3 million extinguishers, also exports to Russia. Photo: IC
Source: IC | 2019/1/15 22:33:40

New apps declare 'war' on WeChat, but analysts see defeat

Three new Chinese web warriors on Tuesday coincidentally declared war on Tencent-owned WeChat, the nation's most popular messaging app.
Source: Global Times | 2019/1/15 22:13:40

China's answer to slowing consumption: 2.5-day weekend

Tough times call for tough measures. Or so it seems to be the case in a growing number of Chinese provinces, as they are looking at a bold move – extending the universal two-day weekend, which has been widely discussed but not implemented by many across the world – to boost consumption amid an economic slowdown.
Source: Global Times | 2019/1/15 21:52:27

China-Canada FTA talks, bilateral deals may be put on hold amid diplomatic row: analysts

Canadian officials boasted of a “unique” trading relationship with China just three months ago, but souring bilateral ties have cast a shadow over further bilateral trade.
Source: Global Times | 2019/1/15 21:46:02

Sluggish Chinese investment in US to persist in 2019, casting shadow over bilateral ties

Sluggish Chinese investment in the US last year, resulting mostly from tougher US screening of high-technology acquisitions, is set to persist this year, analysts noted on Tuesday, suggesting that China should expand investment in other markets like Russia to strike a balance.
Source: Global Times | 2019/1/15 20:58:40

Officials aim to boost public confidence, support enterprises

China has vowed to reduce taxes and fees on a larger scale in 2019, especially favoring the manufacturing sector and small, micro- and medium-sized companies, which will help stabilize economic growth and stimulate market vitality, officials said at a press conference on Tuesday.
Source: Global Times | 2019/1/15 20:43:41

China boosts liquidity to offset cash demand for tax payments

China's central bank injected liquidity into the money market through reverse repos Tuesday to offset the impact of a tax payment peak this month.
Source: Xinhua | 2019/1/15 14:04:26

China demonstrates great confidence in stabilizing exchange rate: China's central bank

China has great confidence in stabilizing the exchange rate and will support the development of the real economy through cutting the reserve requirement ratio (RRR), said Zhu Hexin, vice governor at the People's Bank of China, China's central bank, on Tuesday.
Source: Global Times | 2019/1/15 13:44:32

Hong Kong holds 12th Asian Financial Forum to discuss economic opportunities, challenges

The 12th Asian Financial Forum (AFF) opened in China's Hong Kong Special Administrative Region (SAR) on Monday, as over 3,000 policymakers, financial and business leaders and investors from over 40 countries and regions gathered to discuss economic opportunities and challenges as well as financial innovation and technology.
Source: Xinhua | 2019/1/15 10:39:03

China receives record high FDI in 2018: ministry

Foreign direct investment (FDI) into China hit an all-time high in 2018, figures from the Ministry of Commerce showed, indicating that foreign investors retain confidence in the country.
Source: Global Times | 2019/1/14 22:43:19

Starbucks to follow Apple in China decline

Famed US companies like Apple and Starbucks are declining in the Chinese market because of pressure in the current macroeconomic context and intensified competition with local rivals.
Source: Global Times | 2019/1/14 22:38:39

Huawei's growing popularity in Poland seen as successful story for Chinese firms abroad

China's Huawei Technologies has been gaining popularity in Poland in recent years, and the country has become the company's center stage among 26 central, eastern and northern European countries. Its rapid expansion in the European country is also seen as a success story involving Chinese technology giants going abroad.
Source: Global Times | 2019/1/14 22:28:39