BUSINESS >> Economy

China tops FDI pledges to Nepal three years in a row

China pledged the highest foreign direct investment (FDI) to Nepal three years in a row as the Himalayan country received China's pledge of 427 million US dollars in last fiscal year 2017-18 that concluded in mid-July, Nepal's Department of Industry (DoI) said on Tuesday.
Source: Xinhua | 2018/8/1 14:03:53

CIIE, an important global event: Irish minister

The upcoming China International Import Expo (CIIE) is an important global event that demonstrates China's intention to further open its market and to promote international trade and cooperation, said Heather Humphrey, Irish Minister for Business, Enterprise and Innovation.
Source: Xinhua | 2018/8/1 7:36:22

Foreign firms set to enter third-party payment sector

Foreign third-party payment institutions are one step closer to entering the Chinese market, after the central bank publicized the application of the country's first third-party payment license covering internet and mobile phone payment for foreign companies on its website.
Source: Global Times | 2018/7/31 21:23:40

MIIT chastises companies over data privacy

The Ministry of Industry and Information Technology (MIIT) launched an investigation on the use of personal data by some internet companies, according to a statement published on the MIIT's website on Tuesday, signaling growing concern on privacy issues in China.
Source: Global Times | 2018/7/31 21:23:39

CPC central committee holds symposium on economic work

The Central Committee of the Communist Party of China (CPC) convened a symposium earlier this month to listen to the suggestions of leading members of non-Communist parties and the All-China Federation of Industry & Commerce and representives of personages without party affiliation over the current economic situation and the economic work in the latter half of the year.
Source: Xinhua | 2018/7/31 21:21:09

Proposed US tariffs threaten niche trade in metals

The US' proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics.
Source: Reuters-Global Times | 2018/7/31 21:08:39

Sinochem Energy files for $2b HK listing amid shift in businesses

Sinochem Energy, a unit of China's State-owned Sinochem Group, has filed for a Hong Kong IPO of about $2 billion, as the group seeks to raise capital amid a shift to higher-value businesses, including petrochemical production.
Source: Reuters | 2018/7/31 21:03:40

US hard pressed to replace China-made small commodities

Chinese tableware exporters are shifting toward domestic markets in the face of deteriorating trade relations between China and the US.
Source: Global Times | 2018/7/31 21:03:40

China to focus on expanding domestic demand, infrastructure in H2

China will further supply-side structural reform, keep working on deleveraging and poverty alleviation, contain environmental pollution, and ensure the economy grows within a reasonable range, according to a key meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Tuesday.
Source: Global Times | 2018/7/31 20:33:40

Beijing to allow foreign financial capital easier access to nonperforming assets transactions

Foreign financial institutions will be encouraged to participate in nonperforming assets transactions in Beijing, the municipal government said as part of an action plan on deepening reform and opening up on Tuesday.
Source: Global Times | 2018/7/31 20:33:39

Huawei's first-half revenue up 15%

China's Huawei Technologies, the world's third-largest smartphone maker, said on Tuesday first-half revenue rose 15 percent, the same as last year, and the slowest growth since 2013.
Source: Agencies | 2018/7/31 19:13:39

YTO Express plans new logistics hub

Shanghai courier YTO Express signed an investment agreement with Jiaxing, East China's Zhejiang Province, to build the company's new aviation logistics hub.
Source: Global Times | 2018/7/31 19:08:40

China's cultural industry posts steady growth in H1, strong gains in news services

China's cultural industry maintained steady revenue growth in the first half of 2018, thanks to strong gains by news and information service providers, data showed on Tuesday.
Source: Xinhua-Global Times | 2018/7/31 19:08:40

Macao merchandise export up 12.3%, import up 19.8% in June

Macao's total merchandise export for June increased by 12.3 percent year-on-year, and merchandise import rose by 19.8 percent year-on-year, the special administrative region's statistics service said on Tuesday.
Source: Xinhua-Global Times | 2018/7/31 19:08:40

Factory production lags in July

Yuan fluctuation and rising global trade tensions have weighed down production at Chinese factories, causing the purchasing managers' index (PMI) for the manufacturing sector to drop to 51.2 in July, down from 51.5 in June, the National Bureau of Statistics (NBS) said on Tuesday.
Source: Global Times | 2018/7/31 19:08:39

China's manufacturing PMI edges down in July

The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.2 this month, down from 51.5 in June, the National Bureau of Statistics said Tuesday.
Source: Xinhua | 2018/7/31 9:31:23

China won't budge as Germany plans to veto takeover: analysts

China and the EU should pursue in-depth industrial cooperation that takes a long-term view and Chinese companies should not halt their steps in going global due to acquisition setbacks, experts told the Global Times on Monday.
Source: Global Times | 2018/7/30 22:18:39

Hong Kong Fintech Week to feature launch of virtual banking service

Hong Kong's fintech development in 2018 will feature the launch of virtual banking service, a fast payment system and a blockchain platform for trade finance that enhances transaction safety and reduces transaction costs, experts said at an event on Monday to promote the Hong Kong 2018 Fintech Week.
Source: Global Times | 2018/7/30 22:08:39