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Sweeping view

An aerial view of the Panggong bridge, which is under construction in Xiangyang, Central China's Hubei Province on Wednesday. The 2.7-kilometer-long bridge will be the first three-tower suspension bridge to cross the Hanjiang River. It is scheduled to be completed by the end of 2019. Photo: IC
Source: IC | 2019/4/17 21:53:40

China to boost financing for small and micro-sized businesses

The State Council, China's cabinet, on Wednesday unveiled new measures to enhance financing support for private firms as well as small and micro-sized businesses.
Source: Xinhua | 2019/4/17 21:21:17

AmCham report urges better bilateral ties

The leading US business group in China on Wednesday urged China and the US to restore trust through concrete actions as tensions between the world's two largest economies continue to worsen, warning that further escalation could pose greater challenge to businesses.
Source: Global Times | 2019/4/17 21:18:54

India whittles away at trade gap with China

India successfully addressed its long-term concern in narrowing its trade gap with China, one of its key trading partners, by as much as $10 billion during the last fiscal year. A Chinese analyst said India needs to have an open mind, raise its engagement in regional trade blocs and upgrade its products if it wants the trend to continue.
Source: Global Times | 2019/4/17 21:13:40

China plans to resume pork imports from France: ambassador

China will soon resume pork imports from France, French Ambassador to China Jean-Maurice Ripert said on Wednesday, a further sign of strengthened China-French relations ahead of the upcoming second Belt and Road Summit Forum.
Source: Global Times | 2019/4/17 20:33:42

First batch of electric taxis hits road in China's Ningxia

The first batch of rechargeable electric taxis has hit the road in the city of Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, according to the Ningxia branch of China's State Grid.
Source: Xinhua | 2019/4/17 20:22:46

China's island province sees foreign trade double in Q1

Hainan's foreign trade surged 109.2 percent year-on-year in the first quarter, outpacing the national figure as the southern island province speeds up construction of a free trade zone.
Source: Xinhua | 2019/4/17 20:16:07

Mercedes-Benz scandal sounds alarm to all foreign firms in China

Over the past few days, a scandal involving an apparently defective Mercedes-Benz car that sparked widespread anger in China has finally come to an end, with the consumer who bought an oil-leaking car reportedly reaching a settlement with the local dealership.
Source: Global Times | 2019/4/17 20:03:40

EU considers to take countermeasures on US products worth $20 bln

The European Commission unveiled Wednesday a list of US products worth 20 billion US dollars that it considered to impact upon with tariffs as countermeasures.
Source: Xinhua | 2019/4/17 19:00:02

China's pork prices to continue rising in Q2

China is expected to see pork prices continue to rise in the second quarter of this year, the country's agriculture ministry forecast Wednesday.
Source: Xinhua | 2019/4/17 17:40:12

China's industrial output expands 6.5 pct in Q1

China's industrial output, an important economic indicator, expanded 6.5 percent year on year in the first quarter of 2019, official data showed Wednesday.
Source: Xinhua | 2019/4/17 17:22:43

Foxconn chairman: Sea goddess Mazu inspires me to run for Taiwan leader

Terry Guo, chairman of Foxconn, said he will run for Taiwan leader in next year's local elections on the island after receiving instructions from Mazu, the Chinese goddess of the sea, media reported Wednesday.
Source: Global Times | 2019/4/17 14:59:01

China Q1 GDP rises 6.4%, beating slowdown expectations amid trade war

China's GDP reached 6.4 percent growth in the first quarter (Q1), flat from the last quarter of 2018 and reaching a decade low, amid an ongoing trade war with the US and global economic uncertainty, official data showed Wednesday.
Source: Global Times | 2019/4/17 12:10:17

China's fixed-asset investment up 6.3 pct in Q1

China's fixed-asset investment grew 6.3 percent year on year in the first quarter of 2019, 0.2 percentage points faster than the first two months, the National Bureau of Statistics said Wednesday.
Source: Xinhua | 2019/4/17 10:21:47

China's Q1 resident disposable income rises 6.8 pct

China's per capita disposable income stood at 8,493 yuan (1,265 US dollars) in the first three months, up 6.8 percent year on year in real terms, official data showed Wednesday.
Source: Xinhua | 2019/4/17 10:21:12

Chinese economy expands 6.4 pct in Q1

Chinese economy expanded 6.4 percent year on year in the first quarter of this year, official data showed Wednesday.
Source: Xinhua | 2019/4/17 10:15:38

Structural upgrade in exports, imports boosts trade between China and Russia

China's trade with Russia could be further boosted as bilateral goods trade is undergoing a structural upgrade amid downward economic pressure and stagnant global trade, said industry insiders at the economic forum at the 125th Canton Fair in Guangzhou, capital of South China's Guangdong Province on Tuesday.
Source: Global Times | 2019/4/16 22:55:42

What will first-quarter GDP data imply for the economy?

There will still be some dark clouds, but the sky is getting clearer. That could be the main takeaway from data about the performance of the Chinese economy in the first quarter of 2019, which has been widely expected to be one of the toughest quarters in decades for the world's second-largest economy.
Source: Global Times | 2019/4/16 22:08:40