BUSINESS >> Economy

Plan to make Shenzhen a 'model' city also an answer to US trade aggression, HK situation

Four decades ago, a small fishing village started groundbreaking reform and opening-up policies that changed the fate of China. Today, Shenzhen in South China's Guangdong Province is a technology powerhouse that's being asked once again to lead the country into a new era of high-quality growth.
Source: Global Times | 2019/8/20 20:48:41

HSBC left off list of rate-setting banks in China's interest rate mechanism reform

HSBC, which has the largest assets among foreign banks in the Chinese mainland, was not selected by the People's Bank of China (PBC), China's central bank, as one of the 18 rate-setting banks including two overseas banks in its recent interest rate mechanism reform.
Source: Global Times | 2019/8/20 20:48:40

Shanghai FTZ grows in size, ambitions as it pursues breakthroughs in trade, finance

The China (Shanghai) Pilot Free Trade Zone (FTZ) on Tuesday added a new area that occupies 119.5 square kilometers of Lingang in the southeastern part of the city. Chinese analysts said the addition, which nearly doubled the size of the Shanghai FTZ, will bring vigor and confidence to the region.
Source: Global Times | 2019/8/20 20:43:40

Domestic-listed firms see opportunities in Shenzhen as model area

Companies listed in the A-share stock market have new opportunities in sectors including advanced technology, manufacturing and biotechnology in Shenzhen, South China's Guangdong Province, with the release on Sunday of a national master plan to build the city into a model area.
Source: Global Times | 2019/8/20 20:43:40

Cathay Pacific shares set to continue slide in long term: analysts

Shares in Hong Kong's flagship airline Cathay Pacific Airways are not likely to reverse their downtrend in the near future, analysts told the Global Times on Tuesday. The company's shares have seen a cumulative slump of 15 percent in the past three months, media reports said.
Source: Global Times | 2019/8/20 19:52:25

Lucky ducky

Consumers interact with pet ducks at a café in Chengdu, capital of Southwest China's Sichuan Province on Monday. The coffee shop, set up by college graduates, has raised several ducks as pets to attract customers. Photo: VCG
Source: VCG | 2019/8/20 19:13:40

Maker of national flags supports patriotic Chinese studying at foreign institutions

A Chinese vendor selling customized national flags has witnessed a surge in business, driven by demand from overseas Chinese students.
Source: Global Times | 2019/8/20 18:03:40

Huawei expands global 5G footprint

UK mobile operator Three launched its first 5G broadband service on Monday, using Huawei wireless gear, making it the third UK carrier to use the Chinese telecommunications giant's products despite the US push for its allies to block the company.
Source: Global Times | 2019/8/20 17:58:40

China debuts new LPR, actual loan costs unlikely to drop: analysts

China on Tuesday announced the new loan prime rate (LPR), in accordance with forecasts and a bit lower than old benchmark. To achieve the initial goal of reducing corporate borrowing costs and supporting real economy, LPR reform still needs supplementary measures and some time, analysts said.
Source: Global Times | 2019/8/20 17:28:20

Chinese doctor changing lives in Zambia

When Gong Meiling first visited Zambia in the early 1990s as part of the China Medical Team, little did he know that the visit was the start of his long stay in the southern African nation.
Source: Xinhua-Global Times | 2019/8/20 17:18:41

UN report does not accurately reflect China's food security conditions

The 8.5 percent Prevalence of Undernourishment (PoU) shown in a recent UN food security report has failed to accurately represent China's actual situation and the progress the country has made in poverty elimination over the past decade.
Source: Global Times | 2019/8/20 16:08:40

Oil prices rise amid geopolitical tensions in Middle East

Oil prices rose on Monday, as investors kept a close eye on a drone attack on an oil field in Saudi Arabia on Saturday, causing concerns over global supply.
Source: Xinhua | 2019/8/20 8:13:56

Shenzhen-based stocks get boost from new reform plan

Shares of companies based in Shenzhen, a pioneering city in South China's Guangdong Province, soared after the central government announced on Sunday that it would use the first-tier city as a pilot demonstration area with Chinese characteristics.
Source: Global Times | 2019/8/19 21:13:40

Expert urges Hong Kong residents 'don't be silent majority' as mainland staff weigh exit

Representatives of Chinese mainland-based companies in Hong Kong are expressing worry over their future and that of the riot-hit city. Some are even thinking of moving back to the mainland, which they said will offer a more stable living and working environment.
Source: Global Times | 2019/8/19 21:13:40

China's beef imports from Australia grow rapidly during first 7 months of year

Beef imports from Australia were up substantially during the first seven months of 2019, reaching the yearly import quota under the free trade agreement with China four months ahead of schedule.
Source: Global Times | 2019/8/19 21:08:40

Delta driver

Workers at the construction site of a high-speed train station in Huaian, East China's Jiangsu Province on Sunday. The station is expected to be put into service on December 15 and will play a significant role in the integration of the Pearl River Delta. Photo: VCG
Source: VCG | 2019/8/19 19:48:40

Trade war, Huawei ban to hit profits, growth outlook of US tech giants

The US blacklisting on Chinese telecommunications giant Huawei since May has hit the profits of US-based technology giants for which Huawei was a major customer and accelerated the decline of these enterprises.
Source: Global Times | 2019/8/19 19:33:40

Cybersecurity needs higher priority in 5G era

Emerging security challenges in the 5G era must be taken seriously and China will actively promote the development of the cybersecurity sector, representatives to the 7th Internet Security Conference (ISC 2019) said on Monday as the event opened in Beijing.
Source: Global Times | 2019/8/19 19:03:39