BUSINESS >> Economy

China to help domestic soybean, corn growers, raise farm imports

China will take measures to help domestic soybean and corn farmers, while also seeking to expand imports of certain agricultural products that are considered in shortage through diversified channels, according to a central government guideline released on Tuesday.
Source: Global Times | 2019/2/19 22:18:40

New investment hot spots prop up Shanghai's January FDI surge

New popular destinations for foreign direct investment (FDI) emerged in Shanghai in January, as the more than 5-year-old pilot free trade zone has grown to a pioneer in China's deepening economic structural reform and opening-up.
Source: Global Times | 2019/2/19 20:51:09

Lantern Festival lights up sales of glutinous rice dumplings in China

The sales of glutinous rice dumplings soared before the Lantern Festival, which fell on Tuesday, according to a report released by JD.com on Monday. The report also showed that sales of glutinous rice dumplings, known as yuanxiao in northern China, increased 520 percent from February 1 to Sunday compared with the same period in January. The sweets, called tangyuan in southern China, saw an increase of 240 percent in sales.
Source: Global Times | 2019/2/19 20:38:40

China unveils development plan for Guangdong-Hong Kong-Macao Greater Bay Area

Chinese authorities on Monday unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to develop the region into "a role model of high-quality development."
Source: Xinhua | 2019/2/19 9:21:29

China releases grand plan for the Guangdong-Hong Kong-Macao Greater Bay Area

China on Monday released a grand plan for the development of the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to build a global economic and technological powerhouse in the country's south region that could be on par with bay areas in New York and San Francisco.
Source: Global Times | 2019/2/18 23:18:39

China's Northeast rust belt eyes new future in aviation sector as growth spur

Facing a tough time in its traditional industrial sectors, Northeast China's rust belt has its eye on aerospace.
Source: Global Times | 2019/2/18 23:03:40

Web user sues Baidu for displaying scam customer service number

A Beijing resident surnamed Wang sued Baidu demanding compensation, alleging the search engine's results led her to a scam customer service number and caused losses of 45,000 yuan ($6,643.54), according to a statement on the Haidian court's official website on Monday.
Source: Global Times | 2019/2/18 14:06:55

Chinese provinces aspire to space economy, creating new growth drivers: report

Several provinces in China are developing space-related industries, aiming at establishing a "space economy" and creating new drivers of economic development.
Source: Global Times | 2019/2/18 13:57:39

Feeling the pinch of economic slowdown, Chinese counties seek new growth drivers

Chinese counties are at the forefront of the nation's drive to urbanize its vast rural areas. But as China's economic growth slows to its lowest level in more than 25 years, local economies are also feeling the pinch.
Source: Global Times | 2019/2/17 21:03:39

Foreign firms help SOEs

The Chinese government supports private firms and foreign-funded companies to join the reform and growth of centrally administrated state-owned enterprises (SOEs), and make joint efforts to explore ways in mixed ownership reforms, a Chinese official said over the weekend.
Source: Global Times | 2019/2/17 20:33:39

Antarctic trips attract China's social elites

Visiting Antarctica nowadays is a feat in the same caliber as a Chinese tourist visiting France in 1990, India in 2000 and Norway in 2010.
Source: Global Times | 2019/2/17 18:05:39

High leverage risks mainly exist in China's SOEs, local governments: report

China's state-owned enterprises (SOEs) and local governments remain the major places for high leverage risks, Shanghai Securities News reported Saturday.
Source: Xinhua | 2019/2/16 22:02:35

China to ensure safety of aquatic products: official

China will implement strict measures to ensure the safety and quality of aquatic products, though the product safety and quality have improved in recent years.
Source: Xinhua | 2019/2/16 15:42:28

Uber registers 3 bln USD in revenue for Q4 2018

US ride-hailing company Uber Technologies Inc. Friday reported 3 billion US dollars in revenue for the fourth quarter of 2018, representing a 25-percent year-on-year increase.
Source: Xinhua | 2019/2/16 14:40:31

Chinese bidders welcome to build road for Croatian port: minister

Croatian Minister of the Sea, Transport and Infrastructure Oleg Butkovic told reporters on Friday that Chinese bidders are welcome for a major road construction project in Rijeka, local daily newspaper Novi list reported.
Source: Xinhua | 2019/2/16 9:49:56

Portugal's economy cools in 2018 but remains above EU average

The Portuguese economy grew by 2.1 percent in 2018, down 0.7 percentage points from that of 2017 and slightly below government expectations, local media reported on Friday.
Source: Xinhua | 2019/2/16 9:46:59

China, U.S. conclude new round of high-level economic, trade consultations

China and the United States held the sixth round of high-level economic and trade consultations in Beijing from Thursday to Friday.
Source: Xinhua | 2019/2/16 8:17:56

'The Wandering Earth' a milestone in China's sci-fi film genre: official

China's film authority has hailed the first domestic sci-fi movie blockbuster, “The Wandering Earth,” which has grossed 3.1 billion yuan ($458 million) at the box office as of Thursday, a milestone in the country's development of science fiction films.
Source: Global Times | 2019/2/15 20:58:15