BUSINESS >> Economy

China-Japan relations back on normal track

Sino-Japanese relations are back on track since hitting their lowest point in 2012, with Japanese companies' investment in China moving away from “taking advantage of cheap resources” to responding to a path of organic growth, Masashi Iwanaga, general manager of the Beijing Office of the Japan-China Economic Association (JCEA), told the Global Times in an interview on Wednesday.
Source: Global Times | 2019/6/26 19:38:40

China's fuel cell producer CATL hikes investment in German battery, R&D base

China's leading fuel cell producer Contemporary Amperex Technology Co (CATL) will increase investment in its German electric vehicle (EV) cell battery base by up to 7.5 times, which an automobile expert said is “in line with commercial logic” as CATL wants to be close to its clients at a time when Germany is hugely expanding new-energy car production.
Source: Global Times | 2019/6/26 19:18:42

Equal-footed dialogue is the only way for win-win cooperation

What does Washington's imposition on $300 billion worth of more imported Chinese goods mean to the American people?
Source: People's Daily | 2019/6/26 17:16:41

Moutai dilemma

Maotai, a small town in Southwest China's Guizhou Province, welcomed its busiest time of the year when the Chinese state-owned distillery giant Kweichow Moutai held its annual shareholders' meeting.
Source: Global Times | 2019/6/26 17:03:40

Investors in fraudulent Ezubao asked to register information to receive compensation

Investors embroiled in the fraudulent peer-to-peer (P2P) financing platform Ezubao are urged to register details of their losses for possible compensation, read an announcement made by the No.1 Intermediate People's Court in Beijing on Wednesday.
Source: Global Times | 2019/6/26 14:43:40

Tariff tensions send US consumer confidence to lowest in nearly 2 years: survey

Tariff tensions have sent US consumer confidence to a near two-year low, a business research group said on Tuesday.
Source: Xinhua | 2019/6/26 14:27:06

Suspension of Canadian meat imports, China's 'legitimate' and 'legal' recourse: analysts

China suspending meat imports from Canada is in accordance with the law, which will exert significant pressure on the Trudeau government ahead of the G20 summit as the case of Huawei CFO Meng Wanzhou continues to casts shadow over the China-Canada ties, analysts said Wednesday.
Source: Global Times | 2019/6/26 11:23:03

Sci-tech innovation board latest milestone of China's capital market opening-up and reform: economist

The opening of the new sci-tech innovation board on China's premier stock exchange was the latest in a series of milestones in the opening up and reform of China's capital markets, a senior economist at a London-based economic think-tank told Xinhua in a recent interview.
Source: Xinhua | 2019/6/26 11:10:07

China's national crackdown on maritime pollution intensifies

China on Monday stepped up its efforts to crack down on activities that pollute the seas by dispatching on-site inspectors to four coastal cities, part of the country's broad effort to better protect the environment.
Source: Global Times | 2019/6/25 22:03:40

Chinese applicants for Canada visas plummet amid diplomatic tensions

The number of Chinese citizens applying for tourist visas to Canada sank in the months after bilateral relations soured over Canada's arrest of an executive of Huawei, according to media reports and tourism insiders on Tuesday.
Source: Global Times | 2019/6/25 21:48:40

China vows to promote high-quality economic development to benefit world

Chinese Vice President Wang Qishan on Tuesday met with foreign delegates attending the 17th High-Level Meeting Beijing, saying China will promote high-quality economic development to benefit the world.
Source: Xinhua | 2019/6/25 20:45:14

Japan needs China market: expert

Japan should build closer ties with China amid rising global protectionism and the country will find huge markets through cooperative projects with China in third markets under the framework of the Belt and Road Initiative (BRI), Eiichi Shindo, head of the Belt and Road Initiative Japan Research Center, told the Global Times.
Source: Global Times | 2019/6/25 18:28:40

BRI resources inject fresh impetus for China-Africa cooperation

Beijing will tilt more resources under the China-proposed Belt and Road Initiative (BRI) toward Africa, China's Foreign Minister Wang Yi told a gathering of African dignitaries and ministers in Beijing on Tuesday.
Source: Global Times | 2019/6/25 17:13:40

ADB provides 60 mln USD loan to Cambodia for improvement of skills, competitiveness

The Asian Development Bank (ADB) has approved a 60-million-U.S. dollar loan to boost the skills and competitiveness of Cambodia's growing labor force, as the Cambodian government seeks to transition its economy from a low-skilled, labor-intensive growth model to a skills-driven one.
Source: Xinhua | 2019/6/25 15:05:33

FedEx files lawsuit against US Department of Commerce to mend damaged reputation with Chinese customers

FedEx has filed a lawsuit against the Department of Commerce in the US on Monday overrules on export shipments, according to a statement the company sent to the Global Times. The company was previously asked for clarification by the Chinese Foreign Ministry after it failed to ship a Huawei phone to the US from the UK.On Monday, when China's Ministry of Foreign Affairs demanded an explanation from FedEx, it emphasized that the US government is the “real cause of confusion”.
Source: Global Times | 2019/6/25 14:05:28

US tariff threat calls for Mexico to diversify export markets: businessmen

The recent threat by the United States to impose tariffs on all Mexican imports reaffirm the Latin American country's need to diversify its export markets, the Mexican Employers' Confederation (Coparmex) said on Monday.
Source: Xinhua | 2019/6/25 12:36:52

China's central bank skips open market operations Tuesday

China's central bank skipped open market operations on Tuesday, the second time this week, citing abundant liquidity in the banking system.
Source: Xinhua | 2019/6/25 11:42:25

US hearing on proposed new tariffs on Chinese imports enters final days

A US hearing on a proposed new round of tariffs on some 300 billion US dollars in goods from China entered the second week on Monday, after hundreds of witnesses in the past week had presented their views to trade officials about their opposition to protectionist measures.
Source: Xinhua | 2019/6/25 11:01:27