BUSINESS >> Economy

China has potential to speed up capital market development: expert

China has potential to develop a deeper, more liquid capital market with greater choice of investment products, Mark Austen, the CEO of the Asia Securities Industry and Financial Markets Association (ASIFMA) said in Hong Kong on Wednesday.
Source: Xinhua | 2017/3/23 7:32:24

US auto makers at risk if Trump targets China’s industry

US carmakers such as General Motors and Ford Motors would stand to lose the most if tensions rise in automotive trade between China and the US, Chinese experts warned on Wednesday.
Source: Global Times | 2017/3/22 23:33:40

Figuratively speaking

Insurance premiums in China for the first two months of the year, up 31.3 percent year-on-year, data from the China Insurance Regulatory Commission showed on Wednesday. Total assets of the country’s insurers’ rose to 15.96 trillion yuan ($2.32 trillion) as of the end of February, up 5.56 percent from the beginning of the year.
Source: Global Times | 2017/3/22 22:58:39

Dongfeng Honda recall

Dongfeng Honda will recall a total of 21,150 vehicles due to potential fire hazards and defective three-way valves, according to Chinese regulators.
Source: Global Times | 2017/3/22 22:13:40

Investment to remain buoyant in ‘Belt, Road’

Chinese companies’ strategic acquisitions and investments related to the “One Belt, One Road” initiative are expected to remain buoyant in 2017 despite an uncertain global political and economic outlook, according to a report released Wednesday.
Source: Xinhua | 2017/3/22 22:08:40

Financial-sector cooperation crucial in expanding relationship with UK, officials say

Cooperation between China and the UK in the financial sector is crucial for their expanding relationship, and both nations are seeking closer links between their financial infrastructures, officials from the two countries said in London on Tuesday.
Source: Xinhua-Global Times | 2017/3/22 22:08:40

EU opposes China WTO request

The EU on Tuesday opposed the request of China, which previously asked the WTO to create an expert panel to examine the “surrogate country” approach used by the block to calculate anti-dumping measures applied to Chinese exports.
Source: AFP-Global Times | 2017/3/22 22:08:39

Chinese ‘red tourists’ to Russia on fast rise

The number of Chinese “red tourists” who visit Russia to retrace a shared communist history has been soaring in recent years, contributing to the wave of Chinese visitors to Russia that has grown with the help of closer bilateral relations between the countries, according to industry insiders on Tuesday.
Source: Global Times | 2017/3/21 22:28:39

Figuratively speaking

Anticipated economic growth in China this year, Zhang Ping, deputy director of the Institute of Economics under the Chinese Academy of Social Sciences, told a conference on Tuesday.
Source: Global Times | 2017/3/21 21:48:40

Export of drone assembly line to Saudi ‘will benefit both sides’

The designer of China's Rainbow series unmanned aerial vehicle (UAV) said the export of an assembly line for these UAVs to Saudi Arabia will enable mass production and expand the global market share of Chinese UAVs, especially in the Middle East region, media reports said late Monday.
Source: Global Times | 2017/3/21 21:48:40

Prospects for cooperation sound despite challenges

Israel expects to beef up cooperation with China in technology thanks to China's large market, Israeli Prime Minister Benjamin Netanyahu said Tuesday in Beijing.
Source: Global Times | 2017/3/21 21:43:39

Sinopec denies ‘red notices’ from Interpol on fraud case

Chinese oil giant Sinopec Group, who had reportedly been involved in business fraud, replied on Tuesday that they have yet to receive any red notices from Interpol.
Source: Global Times | 2017/3/21 21:23:39

Risks manageable: banker

China’s financial risks are manageable, but they need to be continuously managed in a proper way, according to Jose Vinals, chairman of Standard Chartered Plc.
Source: Xinhua | 2017/3/21 21:03:39

Move to unify supervision

Regulators aim to unify the supervision of China’s fast-growing asset management sector, and will probably establish a coordinated organization to pursue financial reforms, financial news website caixin.com reported on Tuesday, citing sources close to the matter.
Source: Global Times | 2017/3/21 21:03:39

State assets ‘all belong to nation’s citizens’

State-owned assets are the common wealth of Chinese nationals, not fish on the chopping block, China National Radio reported on Tuesday, citing Premier Li Keqiang.
Source: Global Times | 2017/3/21 21:03:39

World Bank CEO praises China’s structural reform

China’s structural reform has been “really going well” amid rising uncertainties worldwide, said World Bank CEO Kristalina Georgieva, adding that the world needs to think as a community of common destiny.
Source: Xinhua | 2017/3/21 20:58:39

Trump not against globalization: US expert

US President Donald Trump has not come up with clear economic policies yet, but he is not actually against globalization, Richard Cooper, a US economist and professor at Harvard University, said at a conference held in the Beijing International Hotel on Tuesday.
Source: Global Times | 2017/3/21 20:58:39

Weaving a profit

Farmers display handicrafts, including baskets, hats, bags and baby’s cribs, at Duanbogang township in Qingdao, East China’s Shandong Province on Tuesday.
Source: CFP | 2017/3/21 20:53:39