BUSINESS >> Economy

China to take new measures on opening-up: Premier Li

China will further reduce the tariff duties on some imports, making the country's overall tariffs continue to fall, and gradually remove the unreasonable charges on imports, Premier Li Keqiang said Wednesday.
Source: Xinhua | 2018/9/19 17:16:58

Chinese premier urges mass entrepreneurship, innovation

Chinese Premier Li Keqiang has called for more efforts to advance mass entrepreneurship and innovation, at the opening plenary of Summer Davos on Wednesday.
Source: Xinhua | 2018/9/19 16:00:59

China will not pursue competitive devaluation of yuan: Premier Li

China will stick to market-oriented reform of the exchange rate formation mechanism and will not pursue competitive devaluation of its currency, Premier Li Keqiang said Wednesday.
Source: Xinhua | 2018/9/19 15:58:51

Google values China's AI potential despite risk from trade tension

US tech giant Google values the Chinese market for its great potential in artificial intelligence (AI) development, despite the risk that growing trade tension between China and the US could hinder technology cooperation.
Source: Global Times | 2018/9/18 23:03:40

EU chamber has 'wrong logic' in complaining report: Chinese experts

An EU lobby's accusation on China's slowness has cost EU firms a fortune and has incorrect logic and is biased, Chinese experts pointed out on Tuesday.
Source: Global Times | 2018/9/18 22:48:45


“The current situation in China's stock market differs from in 2015. Presently, we don't see a risk with individual investors in the market being forced to liquidate."
Source: Global Times | 2018/9/18 19:33:40

Greater Bay Area to attract more foreign investment

China's Guangdong-Hong Kong-Macao Greater Bay Area has been attracting more overseas firms with its huge growth potential under the central government's great push for integration development, but it will take time for it to rival Silicon Valley in the US, experts and officials said at the 2018 Summer Davos Forum.
Source: Global Times | 2018/9/18 19:28:41

China's industry policies unaffected by challenges

Headwinds and challenges are not supposed to deviate China from its current policy path that bets on new strategic industries envisioned to underpin the Fourth Industrial Revolution, an executive of the World Economic Forum (WEF) said on Tuesday during the WEF's Annual Meeting of New Champions, also dubbed the Summer Davos Forum, held in North China's Tianjin Municipality.
Source: Global Times | 2018/9/18 19:28:40

China's financial markets lose propping force as stocks, yuan edge down

The mainland stock markets plunged to a four-year low on Tuesday morning as a lack of confidence prevailed in the market.
Source: Global Times | 2018/9/18 13:53:39

US misjudgment of China's economy dangerous: analysts

As hopes fade for the easing of trade tension between China and the US, it appears that the US is betting on Chinese officials caving in due to economic pressure. But this would be a dangerous miscalculation that could lead to further escalation, analysts said Monday.
Source: Global Times | 2018/9/17 22:53:39

Ethical, legal framework vital to development of AI: experts

It's vital to establish artificial intelligence (AI) ethical principles, and countries should work together to address the ethical questions raised by AI technologies, industry representatives said on Monday.
Source: Global Times | 2018/9/17 22:38:39

HK authority launches Faster Payment System

The Hong Kong Monetary Authority (HKMA) on Monday announced the launch of the Faster Payment System to boost the use of new financial technology.
Source: Xinhua-Global Times | 2018/9/17 21:33:39

375 million jobs created in 40 years

China created around 375 million jobs from the start of the reform and opening-up in 1978 to 2017, according to the National Bureau of Statistics (NBS).
Source: Xinhua-Global Times | 2018/9/17 19:08:41

Argentine export sector eyes China's middle-class boom

China's emerging middle-class boom is on Argentina's radar, said Enrique Mantilla, head of the Argentine Chamber of Exporters.
Source: Xinhua-Global Times | 2018/9/17 19:08:41

Nation to cut solar, wind subsidies: guidelines

China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve “grid price parity” with traditional energy sources like coal, according to new draft guidelines issued by the energy regulator.
Source: Reuters-Global Times | 2018/9/17 19:08:40

Microsoft launches first AI program in Chongqing

Microsoft has launched its first artificial intelligence (AI) accelerator program in Southwest China's Chongqing Municipality, which an expert said could become a flagship program for the local government.
Source: Global Times | 2018/9/17 19:08:40

Shanghai unveils 22 measures to promote AI

The Shanghai municipal government on Monday unveiled a series of measures to further advance high-quality growth in the artificial intelligence (AI) sector, according to information from the World Artificial Intelligence Conference 2018 held in the city.
Source: Global Times | 2018/9/17 19:08:39

R&D spending sees rise

China's spending on research and development (R&D) has seen rapid growth in the past 25 years as the country pursues a strategy of development through scientific and technological progress.
Source: Xinhua-Global Times | 2018/9/16 21:03:40