BUSINESS >> Economy

China leads BRI with full tech support

China is going all out to provide science and technology support for cooperation projects in countries involved in the Belt and Road Initiative (BRI) with continuous financial and talent investment.
Source: Global Times | 2019/4/19 20:48:40

Iran plans to reform currency by deleting 4 zeros from monetary unit

Iran plans to reform its currency rial by removing four zeros from the monetary unit, the Eghtesadonline news website reported Thursday.
Source: Xinhua | 2019/4/19 9:56:53

New trade agreement between US, Mexico, Canada "positive" for US economy: report

If fully enforced, the trade agreement struck between the United States, Mexico and Canada late last year "would have a positive impact on US real GDP and employment," the United States International Trade Commission (USITC) said in a report released Thursday.
Source: Xinhua | 2019/4/19 9:42:32

Bound for Russia

A China-Europe freight train loaded with Great Wall Automobile vehicles departs from Handan, North China's Hebei Province on Thursday. The train, which will transit the Manzhouli land port, will arrive in Moscow after 15 days. Photo: IC
Source: IC | 2019/4/18 21:08:41

China, France raise cooperation ahead of 2nd BRI forum

Economic and trade cooperation between China and France has been strengthened ahead of the upcoming second Belt and Road Forum with a strong start to bilateral trade this year and amid ongoing cooperation projects.
Source: Global Times | 2019/4/18 21:08:41

China's expanding social credit system improves management efficiency

China's social credit system exposed more dishonest entities in the first quarter of 2019, and a broader range of areas will be included in the evaluation of personal social credit in the future, China's top economic planner said on Thursday
Source: Global Times | 2019/4/18 21:08:40

Japan to lose from ban on Huawei in 5G era

Japan is likely to lose sound opportunities in the development of 5G technology and bear more costs if the country joins the US and insists on restricting cooperation with Chinese companies like Huawei, industry insiders said Thursday.
Source: Global Times | 2019/4/18 21:03:40

China's goods trade with B&R countries reaches over 6 trln dollars

The goods trade volume between China and countries and regions along the Belt and Road Initiatives (BRI) surpassed $6 trillion from 2013 to 2018, according to the National Development and Reform Commission (NDRC).
Source: Xinhua | 2019/4/18 20:55:05

Switzerland applauded for joining BRI

A decision by Switzerland to join the China-proposed Belt and Road Initiative (BRI) has garnered much praise in China, where analysts call the move a crucial step that will open up massive possibilities for cooperation and strengthen bilateral trade and economic ties.
Source: Global Times | 2019/4/18 20:28:40

China to expand SOE mixed ownership reform: spokesperson

China is screening the fourth batch of pilot state-owned enterprises (SOEs) for mixed ownership reform, an official from the country's economic planner said Thursday.
Source: Xinhua | 2019/4/18 20:09:20

China March FDI expands 8 pct

Foreign direct investment (FDI) into the Chinese mainland expanded 8 percent year on year to reach 95.17 billion yuan (about 14.2 billion US dollars) in March, the Ministry of Commerce said Thursday.
Source: Xinhua | 2019/4/18 20:08:51

New services, deals

Fifteen years ago, Emirates became the first Middle Eastern airline to launch a direct passenger service between the region and the Chinese mainland. In celebration of the milestone, the airline is offering up to 15 percent off on fares.
Source: Global Times - Reuters | 2019/4/18 19:55:47

China, US to negotiate a final trade deal via 'various effective means': MOFCOM

Trade talks between China and the US have been continuously making progress, and while issues still remain, the two will continue to negotiate through “various effective means,” a spokesperson of China's Commerce ministry told the Global Times on Thursday.
Source: Global Times | 2019/4/18 17:28:17

The world's first 5G hotel

At this hotel in South China, a 5G-powered service robot guides guests to their rooms and chats with them in the elevator. Fast and stable networks enable virtual reality (VR) gaming, and everything is connected to the cloud.
Source: Global Times | 2019/4/18 16:53:40

End of Apple's golden era won't halt Chinese suppliers' innovation

With an agreement between China and the US to end the year-long tariff war seemingly within reach, Apple – which has contracted with a growing number of Chinese suppliers and forged deeper ties with China – can finally take a breath.
Source: Global Times | 2019/4/18 16:48:40

China's forex regulator vows wider opening of capital accounts

China's foreign reserve regulator vowed on Thursday to continue to push forward reforms in investment systems for foreign investors in the year ahead, a move that is in line with the country's broad efforts to open up its financial market and create a favorable environment for overseas investors in China.
Source: Global Times | 2019/4/18 14:26:20

Customers seek service fee refund

Buyers of Mercedes-Benz cars in Xi'an, capital of Northwest China's Shaanxi Province, flocked to a 4S dealership on Wednesday for refunds of financial service fees, which were called foul by regulators following an investigation of a high-profile dispute between the dealership and a customer over an oil leaking car.
Source: Global Times | 2019/4/17 21:58:40

US trade deficit shrinks in February

US trade deficit shrank to 49.4 billion US dollars in February, down 3.4 percent month-on-month, data released Wednesday by the US Department of Commerce showed.
Source: Xinhua | 2019/4/17 21:54:10