BUSINESS >> Economy

CES Asia features 5G's future

Hundreds of exhibitors gathered on Tuesday in Shanghai at CES Asia 2019, where cutting-edge technologies such as 5G, artificial intelligence (AI) and the Internet of Things (IoT) are being showcased.
Source: Global Times | 2019/6/11 21:18:40

Chinese business group blasts US protectionism

A leading Chinese business group in the US has blasted protectionist actions and lack of policy transparency toward Chinese companies, which it said has led to a drastic decline in Chinese foreign direct investment (FDI) and put US jobs and consumers at risk.
Source: Global Times | 2019/6/11 20:28:40

Northeast China expands soybean cultivation, reduces reliance on US imports

China has been expanding the amount of land used to grow soybeans and diversifying its source of imports to reduce reliance on imports from the US – its second-largest supplier – amid a yearlong trade war between the world's two largest economies.
Source: Global Times | 2019/6/11 17:40:30

Chinese economy fares steadily ahead amid uncertainties

China's General Administration of Customs announced on Monday that the country's foreign trade in goods rose 4.1 percent year on year in the first five months of this year to 12 trillion yuan (about 1.76 trillion U.S. dollars).
Source: China Plus | 2019/6/11 16:47:15

Shanghai to build 'hydrogen energy harbor' and create industrial chain for hydrogen fuel cell vehicles

Shanghai city plans to build a world-class "hydrogen energy harbor" in its Jiading district, the center of its automobile industry, to cultivate a sound industrial chain for hydrogen fuel cell vehicles (HFCV), media reports said Tuesday.
Source: Global Times | 2019/6/11 13:56:49

PBC withdraws 50 bln yuan from market

China's central bank drained 50 billion yuan (about 7.25 billion US dollars) from the financial system Tuesday, with more reverse repos maturing than conducted.
Source: Xinhua | 2019/6/11 11:00:01

Pompeo's claims about China full of lies and fallacy: FM

China has said US Secretary of State Mike Pompeo's claims about China are "full of lies and fallacy," which only harm his own image and his country's credibility in the world.
Source: Global Times | 2019/6/10 22:18:41

Door will only open wider to foreign companies: FM

China's Foreign Ministry on Monday denied allegations that the Chinese government has threatened to retaliate against companies from the US and the UK over their decisions to cut supplies to Chinese telecom company Huawei, saying that China's door will open only wider to foreign businesses.
Source: Global Times | 2019/6/10 22:08:41

China, Russia eye financial deal

China and Russia could move to set up a global financial center on an island on their joint border, which might focus on, among other exchanges, cryptocurrency trading, as the two neighbors continue to strengthen economic and trade ties amid rising US aggression, according to media reports and analysts.
Source: Global Times | 2019/6/10 19:58:40

Nation plans trials of business climate assessment in Northeast China

The government has vowed to conduct pilot business environmental assessments in Northeast China, a rust belt that has suffered years of industrial decline, to further revitalize the economy there.
Source: Global Times | 2019/6/10 19:53:40

China's foreign exchange reserves exceed $3.1 trillion in May, highest in nine months

China's foreign exchange reserves jumped $6.1 billion from the end of April to $3.1 trillion at the end of May, the highest figure in nine months, according to the State Administration of Foreign Exchange (SAFE) on Monday.
Source: Global Times | 2019/6/10 19:48:40

AIIB approves first investment in Nepal

The Asian Infrastructure Investment Bank (AIIB)'s Board of Directors has approved a loan of up to 90 million US dollars for a hydropower project in Nepal, its first project in the country.
Source: Xinhua | 2019/6/10 17:27:39

China's PV power capacity rises 28% year-on-year in the first quarter: NEA

China's installed photovoltaic (PV) capacity rose 28 percent year-on-year by the end of March, official data showed.
Source: Xinhua-Global Times | 2019/6/10 15:51:00

China's imports of major commodities rise in first five months

China imported more major commodities in the first five months of the year, data from the General Administration of Customs showed Monday.
Source: Xinhua | 2019/6/10 15:49:41

Chinese-funded solar project lights up remote Philippine village

It's a double celebration for Jaderick Castillo, 12, and some 1,000 other residents of a village of this town in Zambales province on the Philippine main island of Luzon.
Source: Xinhua-Global Times | 2019/6/10 15:48:39

Nation to allocate $435 million to support solar projects in 2019

China will allocate 3 billion yuan ($434.55 million) worth of financial support for new solar projects this year, according to the National Energy Administration (NEA).
Source: Reuters-Global Times | 2019/6/10 15:43:39

China's foreign trade up 4.1 pct in first five months

China's foreign trade of goods rose 4.1 percent year on year in the first five months of this year to 12.1 trillion yuan (about 1.76 trillion US dollars), customs data showed Monday.
Source: Xinhua | 2019/6/10 14:03:20

China's forex reserves expand in May

China's foreign exchange reserves expanded slightly to 3.101 trillion US dollars at the end of May, up 0.2 percent from the end of April, official data showed Monday.
Source: Xinhua | 2019/6/10 14:00:46