BUSINESS >> Economy

Plastic ban hits foreign plants

China's ban on imports of plastic waste is reportedly causing a build-up of rubbish at recycling plants in the UK and will bring "chaos" for the UK government in the weeks ahead, the Guardian reported Wednesday.
Source: Global Times | 2018/1/3 22:43:40

Dec economic activity steady, says UBS, but growth set to slow slightly in 2018

UBS expects China's December data to show steady economic activity, while GDP growth in the fourth quarter is expected to have slowed slightly.
Source: Xinhua | 2018/1/3 22:43:40

Chinese businesses in Iran stable

Chinese companies' business appears to have been unaffected so far by the mass demonstrations in Iran but Chinese traders of small commodities said they face losses after Iranian clients halted payments for purchased goods.
Source: Global Times | 2018/1/3 22:43:39

Pakistan allows yuan for trade

The central bank of Pakistan has given approval to use the yuan for bilateral trade and investment activities, ensuring that imports, exports and financing transactions can be denominated in the Chinese currency.
Source: Xinhua | 2018/1/3 22:03:39

Beijing to build $2b AI research park to meet 2025 goals: Xinhua

Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence (AI) development park in the city's west, the Xinhua News Agency reported, as China pushes ahead to fulfill its ambition to become a world leader in AI by 2025.
Source: Reuters | 2018/1/3 22:03:39

China's urban land sales rise 8% by area in 2017

Land sales increased in Chinese cities last year as the government moved to cool the market with higher supply, according to the China Index Academy, a property research organization.
Source: Xinhua | 2018/1/3 21:58:39

Slow start for environmental protection tax

China's first environmental protection tax law, which went into effect on Monday, got off to a slow start as companies and local governments sought to pin down key details in implementing the sweeping legislation.
Source: Global Times | 2018/1/3 21:08:39

Resolutions on N.Korea

China will continue to fully, accurately and strictly implement UN sanctions on North Korea in accordance with Chinese laws, the Ministry of Commerce said on Tuesday.
Source: Reuters | 2018/1/2 22:03:40

LeEco founder sends letter to CSRC to explain debt plan

Jia Yueting, founder of LeEco Group, responded to an order issued by the Beijing branch of the China Securities Regulatory Commission (CSRC) via an open letter on Tuesday, saying that he has entrusted his family to deal with the listed company's debts, media reports said.
Source: Global Times | 2018/1/2 21:58:40

Chinese ship sets Yangtze record

A China-made ocean-going container ship has set the record for the largest vessel to sail on China's Yangtze River.
Source: Agencies | 2018/1/2 21:58:40

Daqing Oilfield sees stable output

China's largest oilfield, Daqing Oilfield in Northeast China's Heilongjiang Province, saw stable production of crude oil and natural gas in 2017, according to China National Petroleum Corp.
Source: Agencies | 2018/1/2 21:58:40

2018 rail investment lowered to $113b

China's national railway operator said on Tuesday that the country plans to invest 732 billion yuan ($113 billion) in rail fixed assets in 2018, its lowest target since 2013.
Source: Reuters-Global Times | 2018/1/2 21:58:39

2018 set to bring more opening

2018 marks the 40th anniversary of China's reform and opening-up policy, and the year will see more specific measures to promote the new pattern of all-round opening-up, experts said.
Source: Global Times | 2018/1/2 21:53:40

Probe launched after Heilongjiang complaint

The provincial government of Northeast China's Heilongjiang Province has launched an investigation following a claim about the local business environment, an official with the Heilongjiang News Press Office surnamed Wei told the Global Times on Tuesday.
Source: Global Times | 2018/1/2 21:53:40

Nation hunts self-sufficiency in donkey hide

China is on a mission to save donkeys around the world to ensure a steady supply of the animal's hide for producing a traditional Chinese medicine called ejiao, which has been around for thousands of years and has become an increasingly hot commodity given its health benefits.
Source: Global Times | 2018/1/2 21:08:39

Jia Yueting responds to the CSRCBJ with an open letter

Jia Yueting, founder of LeEco Group, responded to an order issued by the China Securities Regulatory Commission's (CSRC) Beijing branch via an open letter on Tuesday, saying that he has entrusted his family to the listed company's debts, media reports said.
Source: Global Times | 2018/1/2 16:08:39

Challenges set to hamper growth as govt focuses on curbing risks

China will face a series of economic challenges in 2018, such as a more volatile financial market, increasing local government debt and a slump in the real estate sector, experts said.
Source: Global Times | 2018/1/1 21:53:40

Figuratively Speaking

Figures from Macao's Gaming Inspection and Coordination bureau on Monday showed revenues rose 19 percent for 2017 to 265.7 billion patacas ($33.13 billion).
Source: Global Times | 2018/1/1 21:48:39