BUSINESS >> Economy

Dalian free trade port to boost relations with Northeast Asia

The provincial government of Northeast China's Liaoning Province will “actively explore the possibility of establishing a free trade port” in Dalian, according to a report of the Liaoning Daily on Wednesday.
Source: Global Times | 2019/1/23 22:38:41

Saudi Arabia eyes billions of dollars in entertainment investments

Saudi Arabia said on Tuesday it expects billions of dollars to be pumped into a nascent state-backed entertainment sector and is eyeing dozens of Western acts, including an exhibition NBA basketball game and a Spanish-style running of the bulls.
Source: Reuters | 2019/1/23 21:23:40

Ministry of Finance: China's local government debt controllable with ratio at 76.6 percent

China's 2018 local government debt amounted to 18.39 trillion yuan ($2.7 trillion) with the ratio of local government debt at 76.6 percent, which is lower than the international norms, China's Ministry of Finance announced on Wednesday.
Source: Global Times | 2019/1/23 13:38:40

China to build a free trade port in Dalian, aiming to boost trade with Northeast Asian countries

The provincial government of Northeast China's Liaoning Province will “actively explore the possibility of establishing a free trade port” in Dalian, according to a report of the Liaoning Daily on Wednesday.
Source: Global Times | 2019/1/23 13:33:40

China Development Bank reports total assets of 16.2 trln yuan

The China Development Bank (CDB), a major policy bank, reported Tuesday that its total assets had reached 16.2 trillion yuan (about 2.4 trillion U.S. dollars).
Source: Xinhua | 2019/1/23 11:21:47

World leaders, business elites to discuss globalization 4.0 in Davos

World leaders and business elites gathered on Tuesday in Davos to discuss globalization 4.0, a buzzword that means a new wave of globalization in a digital world.
Source: Xinhua | 2019/1/23 9:28:54

Opening of China's market could serve as future global growth driver: experts

The opening of China's market is likely to increase the competitiveness of the Chinese economy, which could serve as a future driver of global growth, experts attending the ongoing World Economic Forum (WEF) Annual Meeting said Tuesday.
Source: Xinhua | 2019/1/23 8:56:16

China to voice support for globalization, reassure investors of growth at Davos forum

The World Economic Forum kicked off its annual meeting in the Swiss winter resort town of Davos on Tuesday, as the global economy faces risks from rising trade tensions to downward pressure on global economic growth.
Source: Global Times | 2019/1/22 22:33:40

Shanghai aims to be global financial center by 2020

China announced an action plan on Tuesday in a bid to transform Shanghai into an international financial center by 2020.
Source: Global Times | 2019/1/22 22:18:41

France urged to clarify attitude about Huawei

France should clarify its attitude toward Huawei, since being unclear will not only increase the cost but also delay the pace of building the 5G network in the country, analysts said.
Source: Global Times | 2019/1/22 22:18:40

India, China to boost agricultural deals

India and China are jointly ramping up efforts to trade more farm products from tobacco to rapeseed meal, which analysts said can be an effective way to solve the trade gap between the two Asian economies.
Source: Global Times | 2019/1/22 22:13:40

Guizhou, home of China's 'silicon village', sees GDP surging on big data

Guiyang, Southwest China's Guizhou Province, home of China's “silicon village”, has witnessed rapid growth of the local economy, buoyed by the big data industry.
Source: Global Times | 2019/1/22 21:18:41

China to assist foreign investors to upgrade quality-driven manufacturing: NDRC

China decided to promote major foreign investment projects in 2019 and encourage more foreign capital to participate in the quality-driven development of the domestic manufacturing industry, the spokesperson of China's top economic planner said on Tuesday.
Source: Global Times | 2019/1/22 21:18:40

Preliminary GDP analysis

The National Bureau of Statistics released a preliminary analysis of the 2018 GDP figures on Tuesday.
Source: Global Times | 2019/1/22 20:53:39

China will help foreign investors with major projects, to develop a quality-driven manufacturing industry: NDRC

China will further promote major foreign investment projects in 2019 and encourage foreign capital to participate in China's quality-driven development of the domestic manufacturing industry, a Chinese official said on Tuesday.
Source: Global Times | 2019/1/22 14:38:39

Global economic growth to remain at 3 pct in 2019-2020: UN

The global economy will continue to grow at a steady pace of around 3 percent in 2019 and 2020 amid signs that global growth has peaked, the United Nations said Monday.
Source: Xinhua | 2019/1/22 14:27:51

China to become high-income country by 2025: economist

China will become a high-income country by 2025 and the world's largest economy by 2030, Justine Yifu Lin, former senior vice president and chief economist at the World Bank, said here on Monday.
Source: Xinhua | 2019/1/22 14:16:40

Global expansion wanes with lower growth forecast: IMF

The International Monetary Fund (IMF) said Monday that global expansion has weakened and that the world's economy is expected to grow at 3.5 percent in 2019, and 3.6 percent in 2020.
Source: Xinhua | 2019/1/22 13:31:40