BUSINESS >> Economy

Chinese vice premier analyzes economic, financial hot issues

Chinese Vice Premier Liu He said Friday many factors have caused obvious stock fluctuations and declines in China recently, including interest rate hikes by major economies' central banks and the Sino-US economic and trade frictions.
Source: Xinhua | 2018/10/19 14:53:13

China's GDP slows to 6.5% in Q3, on track to reach 2018 growth target: NBS

China is capable and confident of reaching its annual economic growth target of around 6.5 percent in 2018 despite the increasing downward pressure, and the economy will maintain steady growth next year, a spokesperson of the country's statistics bureau said on Friday.
Source: Global Times | 2018/10/19 13:17:06

China committed to multilateralism, closer Asia-Europe partnership: Chinese envoy to EU

China is committed to working with other countries in Asia and Europe to champion upholding multilateralism and to forge a robust partnership between the two continents, the Chinese ambassador to the European Union has said.
Source: Xinhua | 2018/10/19 10:08:41

China, US should achieve closer economic, trade cooperation: MOC

With strong complementarity, China and the United States should "dispel the cloud" and achieve closer economic and trade cooperation to benefit businesses and peoples from both sides, China's Ministry of Commerce (MOC) said on Thursday.
Source: Xinhua | 2018/10/19 10:07:31

US Treasury report on yuan in line with 'common sense': FM spokesperson

The US Treasury opted against calling China a currency manipulator, a decision that a government official said is “in line with common sense.”
Source: Global Times | 2018/10/18 22:53:41

Pursuing reforms, opening-up to spur economic potential

China has huge economic potential if it pursues its course of opening-up and reforms, analysts said at an event hosted by the International Monetary Fund (IMF) on Thursday.
Source: Global Times | 2018/10/18 22:43:41

WeChat, Travelex cards

Chinese online payment platform WeChat Pay will work with London-based Travelex's new gift card service, which enables travelers from the Chinese mainland to make cross-border payment via WeChat Pay when shopping in the US, according to a note the company sent to the Global Times on Thursday.
Source: Xinhua-Global Times | 2018/10/18 22:23:41

Green finance agreement

The US Paulson Institute on Wednesday signed a strategic cooperation agreement with the Center for Finance and Development of the National Institute of Financial Research at China's Tsinghua University covering green finance.
Source: Xinhua-Global Times | 2018/10/18 22:18:40

New Look to exit China

UK fashion group New Look is to exit China and will close its remaining 120 stores in the country by the end of the year, it said on Thursday.
Source: Reuters-Global Times | 2018/10/18 22:03:44

China-Finland cooperation

Chinese and Finnish companies signed several cooperation agreements after the conclusion of the 2nd China-Finland Economic and Investment Summit on Wednesday, according to a statement Chinese Enterprise Association in Finland (CEAF) sent to the Global Times on Thursday.
Source: Reuters-Global Times | 2018/10/18 22:03:43

Exxon Mobil bets big on LNG demand in China

In the middle of the Sino-US trade war, the world's largest publicly traded oil and gas company is still turning toward China for business despite the threat of tariffs.
Source: Reuters-Global Times | 2018/10/18 22:03:41

JD.com spies profits in parcels

Chinese e-commerce firm JD.com Inc said on Thursday it will launch a parcel delivery business, a move that could leverage its network of warehouses and drivers to bolster flagging profits.
Source: Reuters-Global Times | 2018/10/18 21:58:41

HSBC to list in Shanghai market

HSBC is set to be the first foreign company to list its shares in China as part of a new stock exchange link between London and Shanghai, the Financial Times reported on Thursday.
Source: Xinhua-Global Times | 2018/10/18 21:53:40

Mainland-HK bridge to open

The mega bridge that will connect the Chinese mainland with Hong Kong and Macau is set to open to traffic next week, according to media reports.
Source: Xinhua-Global Times | 2018/10/18 21:48:42

Sinopec invests $279m in poverty relief efforts

China Petrochemical Corporation (Sinopec Group) has contributed 1.93 billion yuan ($279 million) to poverty reduction in the past three decades, according to a white paper released by the company.
Source: Xinhua | 2018/10/18 21:48:41

Direct air flights from China to PNG to start next week

The first direct flight between Papua New Guinea (PNG) and China is set to take off next week, airline officials have said.
Source: Xinhua | 2018/10/18 21:48:40

CPEC boosts opportunity for Pakistan: experts

The China-Pakistan Economic Corridor (CPEC) will play a great role in eradicating poverty in Pakistan by creating many employment and business opportunities, Muhammad Irfan, assistant professor of Economics at Comsats University Islamabad, said recently.
Source: Xinhua | 2018/10/18 21:43:41

Shanghai opens special customs facilities for Import Expo

Shanghai customs has opened 38 special channels at several ports for customs clearance for foreign companies that are attending the upcoming China International Import Expo, officials said on Thursday.
Source: Global Times | 2018/10/18 21:43:40