BUSINESS >> Economy

BRICS New Development Bank approves 5 new projects for funding

The BRICS New Development Bank (NDB) concluded its fourth annual meeting in Cape Town on Tuesday, with five new projects approved for funding by the bank's board of directors.
Source: Xinhua | 2019/4/3 13:09:46

WTO chief stresses urgency of easing trade tensions to improve global economy

The World Trade Organization (WTO) Director-General Roberto Azevedo on Tuesday stressed the urgency of resolving trade tensions and meeting challenges facing the global economy.
Source: Xinhua | 2019/4/3 10:09:02

Trade talks offer profound lessons

Around this time last year, China and the US were on the brink of what has become a year-long trade war after the US announced its first set of tariffs on $50 billion worth of Chinese goods.
Source: Global Times | 2019/4/2 23:08:39

Investors scramble for Chinese bonds

As China has been ramping up efforts to push forward financial opening-up, overseas investors have also responded actively by further expanding their foothold in the country.
Source: Global Times | 2019/4/2 22:38:40

Global trade to grow slower in 2019: WTO

The World Trade Organization (WTO) on Tuesday lowered its forecast for global trade growth this year from 3.7 percent to 2.6 percent, due to economic uncertainties.
Source: Xinhua | 2019/4/2 20:25:23

China's central bank reports rumors to public security authority in an attempt to contain financial risks

The People's Bank of China (PBC), the country's central bank, in a rare case, has filed a letter to the public security authority concerning rumors that circulated over the weekend claiming the PBC will make cuts to the required reserve ratio (RRR) starting Monday.
Source: Global Times | 2019/4/2 20:23:42

Gwadar fosters businesses, entrepreneurs

Shakeeb Yusuf said he made the right career choice as the growing business at his bank at Gwadar port, formerly a remote fishing village in Balochistan Province in southwestern Pakistan, helped pave the way toward his promotion.
Source: Xinhua | 2019/4/2 18:48:39

China's central bank reports rumors to public security authority amid efforts to contain financial risks

The People's Bank of China (PBC), the country's central bank, in a rare case, has filed a letter to the public security authority concerning rumors that circulated over the weekend claiming the PBC will make cuts to the required reserve ratio (RRR) starting April 1.
Source: Global Times | 2019/4/2 15:43:40

More than 1,000 people banned from public transport over poor social credit scores in March: report

A total of 533 people were banned from taking trains and 692 were banned from air travel in March due to their social credit scores, including some who were punished for manipulating the stock market, according to a newly released social credit report by China's National Public Credit Information Center.
Source: Global Times | 2019/4/2 13:45:59

Cyber administration releases first list of registered blockchain service providers

The Cyberspace Administration of China released the first list of 197 registered blockchain service providers, a move to provide a controllable environment to explore blockchain technology in the country, analysts said.
Source: Global Times | 2019/4/2 13:43:39

Chinese commercial rocket firm fails in orbital launch attempt due to malfunction of rate gyroscope

Chinese commercial rocket pioneer OneSpace Technology on March 27 failed to send a satellite into orbit at the Jiuquan Satellite Launch Center in Northwest China's Gansu Province due to the malfunction of the OS-M rocket's rate gyroscope, the company announced on Monday.
Source: Global Times | 2019/4/2 13:42:42

'China's Silicon Valley' attracts more foreign enterprises

Xiongan New Area, a millennium green city, has attracted several multinational companies hoping to achieve development in what has come to be known as “China's Silicon Valley.”
Source: Global Times | 2019/4/2 13:18:44

Chinese state lenders keep bad debts under control: newspaper

Asset quality of China's large state-owned commercial banks remained stable last year as they continued to optimize their credit asset structures and enhance risk management capabilities, China Daily reported Tuesday.
Source: Xinhua | 2019/4/2 12:28:00

Chinese economic growth may have bottomed out, UBS says

Chinese economic growth is now showing signs of having bottomed out, said the latest research note issued by Swiss multinational investment bank UBS AG on Monday.
Source: Xinhua | 2019/4/2 12:23:31

China's VAT cut will benefit manufacturers, enhance competitiveness: analysts

Foreign companies in China have announced price cuts on their products in response to the nation's significant value-added tax (VAT) cut, which took effect on Monday. Analysts said this trend will improve their competitiveness in the market amid intensified competition.
Source: Global Times | 2019/4/1 21:43:40

Caixin PMI rises with factory orders' rebound

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI), released on Monday, beat expectations and was in line with official calculations, indicating a marked recovery in China's manufacturing sector thanks to supportive government policies and easing of China-US trade tensions, economists told the Global Times on Monday.
Source: Global Times | 2019/4/1 21:08:39

Fresh signs of hope on China-US trade deal as both sides appear committed to success despite 'noise'

Fresh signs continue to point to positive momentum in the complex and extensive trade negotiations between Chinese and US officials, raising hopes that the two countries will reach an agreement to end their year-long trade tussle, despite clear persistent obstacles.
Source: Global Times | 2019/4/1 20:58:40