BUSINESS >> Economy

Pork prices to stabilize in Chinese market: NDRC

Consumer prices in China, including the price of pork, are expected to remain stable under government policy support, a Chinese official said on Wednesday.
Source: Global Times | 2019/9/18 12:47:45

Norwegian seafood exports to China grow rapidly, as diplomatic relations improve

Norway has witnessed a big jump in seafood exports to China during the first eight months of this year, official data showed on Tuesday, as bilateral diplomatic ties improved and Chinese demand for seafood continued to rise.
Source: Global Times | 2019/9/17 22:43:42

Japan retailers lure Chinese tourists with National Day posters

Japanese retailers are sparing no effort to attract Chinese tourists, who have massive purchasing power, ahead of China's weeklong National Day holidays beginning on October 1, with special sales and posters.
Source: Global Times | 2019/9/17 22:43:40

HK still financially stable, despite political unrest, survey shows

Hong Kong retains its competitiveness as a global financial hub, with little capital outflow pressure despite months of political unrest, which has dented the city's image and investor confidence, a survey showed on Monday.
Source: Global Times | 2019/9/17 22:38:41

China, US mid-level talks another positive sign, bring 'fresh air': analysts

China announced on Tuesday that it would send a delegation led by Vice Finance Minister Liao Min to the US for trade talks at the invitation of Washington, another move that analysts say sends positive signals ahead of high-level negotiations planned for October.
Source: Global Times | 2019/9/17 22:33:40

Second CIIE to demonstrate China's embrace of economic globalization

The second China International Import Expo (CIIE) will show China's determination to deepen its opening-up and economic globalization, experts said during the dialogue on the second Hongqiao International Economic Forum on Tuesday.
Source: Global Times | 2019/9/17 21:40:07

China's foreign investment rose 2.7% year-on-year from Jan-Aug: MOFCOM

China's investment in overseas markets saw stable growth in the first eight months, as investment structure kept improving and irrational buyouts were effectively curbed, the Ministry of Commerce (MOFCOM) said Tuesday.
Source: Global Times | 2019/9/17 20:12:28

Chinese delegation invited to US for trade talks prep

Chinese Vice Finance Minister Liao Min is set to lead a delegation to the US on Wednesday to prepare with the US side ahead of the 13th round of bilateral trade talks, set for October. Analysts following the development of the trade war say that Liao heading the delegation could bring fresh air to the trade talks.
Source: Global Times | 2019/9/17 12:34:30

Trade war hits small US businesses hard despite conflicting White House claims

Krimson Klover, a small, boutique women's clothing business located on the foothills of the US state of Colorado's Rocky Mountains, is losing revenue due to the US-China trade war.
Source: Global Times - Xinhua | 2019/9/17 18:29:15

Bridge to the future of China-Russia cooperation

Nadezhda Khizhniak, a Russian businesswoman, attends the China-Russia Expo every year, which is held in Harbin, capital of Northeast China's Heilongjiang Province.
Source: Global Times - Xinhua | 2019/9/17 17:43:40

ADB president announces resignation

Takehiko Nakao announced his resignation on Tuesday as the president of the Asian Development Bank (ADB), effective Jan. 16, 2020.
Source: Xinhua | 2019/9/17 15:56:50

Outrage forces BNP Paribas to alter HK, Taiwan labels

France-based international banking institution BNP Paribas late Tuesday altered its reference of Hong Kong and Taiwan after Chinese netizens called for a boycott of the bank and demanded that it be put on China's unreliable entity list, after the bank mislabeled Hong Kong and Taiwan as “independent countries.”
Source: Global Times | 2019/9/17 13:23:40

HK official slams Moody's outlook change

Finance Secretary of the Hong Kong Special Administrative Region (HKSAR) Paul Chan hit back at Moody's revision of Hong Kong's credit outlook as lacking factual support, hours after the US rating firm changed the city's credit outlook, downgrading it from “stable” to “negative.”
Source: Global Times | 2019/9/16 23:57:21

China invited to send delegation to US for vice-ministerial level trade talks

Upon invitation from the U.S. side, Liao Min, deputy director of the Office of the Central Commission for Financial and Economic Affairs and vice Finance Minister, plans to lead a delegation to visit the United States on Wednesday for trade consultations.
Source: Xinhua | 2019/9/17 9:45:04

Mainland netizens outraged about alleged HSBC employee's online posts criticizing Hong Kong police

A post circulating on China's social media platform Weibo on Monday said Alex Wong, who is reportedly an employee of the London-based banking giant HSBC, has been defaming police in the Hong Kong Special Administrative Region.
Source: Global Times | 2019/9/16 22:18:25

China's supply of oil stable after attack on Saudi Aramco

China's oil supply remains stable despite the Saturday attack on Saudi production facilities that sent oil prices soaring and would further interrupt global supplies, as the country has made increased efforts to diversify imported sources and boost the development of new energy, analysts said on Monday.
Source: Global Times | 2019/9/16 14:25:51

ASEAN could overtake EU as China's largest trading partner under RCEP: analyst

The 10-member Association of Southeast Asian Nations (ASEAN) is likely to become China's largest trading partner surpassing the EU via closer ties under the framework of the Belt and Road Initiative (BRI), experts said on Monday.
Source: Global Times | 2019/9/16 21:43:40

China's economy still under pressure in August, but signs point to strong resilience

China's economy continued to face mounting downward pressure in August, with growth in industrial output, retail sales and investment decelerating further, but positive signs also emerged that show strong resilience in the face of both internal and external risks, official data showed on Monday.
Source: Global Times | 2019/9/16 21:38:40