BUSINESS >> Economy

Huawei sees faster revenue growth in first three quarters of 2019 despite US ban

Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26 percent year-on-year, despite a US ban that hurt its ties with US suppliers, the company said in financial results released on Wednesday.
Source: Global Times | 2019/10/16 20:53:40

Local governments in China get strong push to reform

At a moment of mounting challenges from external friction and internal structural transition, there are good opportunities for local governments in China to carry out reforms, something that the central government is also pursuing with all of its strength, experts said on Wednesday.
Source: Global Times | 2019/10/16 21:58:40

Tougher cargo transport security leads to surge in truckers' freight rates

After the recent viaduct collapse in Wuxi, East China's Jiangsu Province that killed three people and injured two, which was caused by alleged overloading trucks, the cargo transportation industry is raising rates as penalties for overloading have been enhanced.
Source: Global Times | 2019/10/16 20:43:41

Experts discuss China's development philosophy, Belt and Road progress

A Chinese scholar gave a lecture and held discussions with British experts at Britain's Oxford Brookes University on Monday on China's development path and the Belt and Road Initiative (BRI).
Source: Global Times - Xinhua | 2019/10/16 18:23:40

Enduring partnership

Chinese companies help Nepal prosper with much-needed infrastructure projects
Source: Global Times | 2019/10/16 18:08:40

Huawei sees faster revenue growth in first three quarters of 2019 despite US ban

Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26 percent year-on-year, despite the US ban hurting on its ties with US suppliers.
Source: Global Times | 2019/10/16 17:02:54

Xinjiang creates over 466,000 urban jobs in first three quarters

Northwest China's Xinjiang Uygur Autonomous Region has added 466,000 urban jobs by the end of September thanks to the continuously optimized employment and entrepreneurial environment in the region, local authorities said.
Source: Xinhua | 2019/10/16 14:32:50

Construction of 12.3-km tunnel on Dali-Lincang Railway wraps up

The 12.3 kilometer Xinhua Tunnel, part of the Dali-Lincang railway, was successfully connected on Tuesday. This is the first tunnel of such a length to be constructed in the Hengduan Mountains in Southwest China's Yunnan Province, the Xinhua News Agency reported.
Source: Global Times | 2019/10/16 14:03:19

Shares in Jinzi Ham soar on back of artificial meat announcement

Shares in Chinese food production company Jinzi Ham have risen to the daily limit of 10 percent on the Shenzhen Stock Exchange for three straight days after announcing pre-sales for artificial meat products on Friday.
Source: Global Times | 2019/10/16 13:14:08

IMF lowers global growth forecast for 2019 to 3 pct

The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3 percent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in July.
Source: Xinhua | 2019/10/16 10:03:25

State Council loosens rules on overseas financial firms

The Chinese government amended two financial management regulations seeking to expand business scope and ease market access for foreign-invested insurance companies and banks, media reported on Tuesday.
Source: Global Times | 2019/10/15 23:43:40

Chinese exporters get stronger amid trade war

Chinese exporters are adapting their strategies from diversifying their target markets to upgrading their offerings to cope with a harsh winter for global trade in which “survival of the fittest” is more true than ever.
Source: Global Times | 2019/10/15 22:13:40

Rents for retail spaces in Hong Kong cut as riots take toll

Rents for shop space in Hong Kong plunged by 10.5 percent in the third quarter, as months of riots in the city took a toll, local media outlets reported, citing a report by US commercial real estate services CBRE Group Inc.
Source: Global Times | 2019/10/15 21:28:41

Hot relief from cool weather

A consumer grabs a hot drink at a convenience store in Beijing on Tuesday. The sales of hot drinks in convenience stores have jumped 10 percent on a daily basis as the capital's weather has rapidly cooled. Photo: VCG
Source: VCG | 2019/10/15 21:23:40

China-India talks key to success of RCEP negotiations: experts

The key to the success of Regional Comprehensive Economic Partnership (RCEP) negotiations now lies in the talks between China and India, and the latter is more likely to cut tariffs gradually than make drastic reductions, analysts said.
Source: Global Times | 2019/10/15 21:16:09

CPI hits 3.0% in Sept, fired by pork prices

The consumer price index (CPI) in China, a main gauge of inflation, rose 3 percent year-on-year in September - the fastest rate in nearly six years - and that pace is likely to continue, industry observers said.
Source: Global Times | 2019/10/15 21:08:01

China likely to resume farm trade with US, but uncertainties persist: analyst

China has imported 20 million tons of soybeans from the US so far this year and will accelerate agricultural imports. Experts said imports of agricultural products may return to the pre-trade war level in the short run, but uncertainties persist over other aspects of the trade relationship between China and the US.
Source: Global Times | 2019/10/15 20:43:40

Huawei wins most 5G contracts in Europe

Telecoms giant Huawei Technologies has been advancing steadily in Europe, its key 5G market outside China, in spite of a murky political climate. The company has signed more than 60 5G contracts worldwide, mostly in Europe.
Source: Global Times | 2019/10/15 19:38:40