BUSINESS >> Economy

China defends manufacturing plan, pledges greater openness

The Chinese Minister of Industry and Information Technology said Friday concerns over the "Made in China 2025" plan are unnecessary and China will further open up its manufacturing sector.
Source: Xinhua | 2018/4/20 16:32:55

Canton Fair highlights upgraded made-in-China products

The first phase of the 123rd session of the Canton Fair concluded on Thursday, showcasing a more open Chinese market and upgraded made-in-China products.
Source: Xinhua | 2018/4/20 14:34:42

China's central bank skips open market operations

The People's Bank of China, the country's central bank, on Friday suspended open market operations.
Source: Xinhua | 2018/4/20 14:32:30

IMF's Lagarde criticizes protectionism, urges cooperative approach as China-US trade row builds up

Managing Director of the International Monetary Fund (IMF) Christine Lagarde warned Thursday escalation of trade conflicts risk reversing the current upswing in global economic growth, urging countries to negotiate regulations in a cooperative manner.
Source: Xinhua | 2018/4/20 14:29:31

German leaders to seek waivers from US sanctions on Russia – reports

Senior German officials will seek exemptions from US sanctions on Russia to shield local businesses from hundreds of millions in estimated losses, the Wall Street Journal reported Wednesday.
Source: sputniknews.com | 2018/4/20 11:21:28

China-Ireland trade up 16 pct in first two months

The total value of the goods trade between China and Ireland reached 2.09 billion US dollars in the first two months of this year, up 16.3 percent year on year from a year earlier, according to data released by the Chinese embassy in Ireland on Thursday.
Source: Xinhua | 2018/4/20 9:10:28

IMF chief urges policymakers to steer clear of all protectionist measures

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Thursday urged policymakers to steer clear of all protectionist measures amid rising trade tensions between the United States and its major trading partners.
Source: Xinhua | 2018/4/20 8:44:47

China denies talks on tariffs

China denied Thursday having held any bilateral talks on the US Section 301 investigation and the US tariffs on Chinese goods, claiming China is prepared to take countermeasures if the US moves further in the wrong direction.
Source: Global Times | 2018/4/19 23:08:40

China's online retail sales volume

Domestic online retail sales volume
Source: Global Times | 2018/4/19 21:43:40

Space cooperation plan

China will continue to strengthen international cooperation in peaceful exploration and utilization of outer space, Li Guoping, a spokesperson for the China National Space Administration, said on Thursday.
Source: Xinhua-Global Times | 2018/4/19 21:33:40

EU dumping claim denied

Chinese electric bike producers on Wednesday hit back at an EU trade investigation, calling on the EU not to penalize ordinary consumers, the Xinhua News Agency reported on Thursday.
Source: Xinhua-Global Times | 2018/4/19 21:28:41

Import ban on solid waste

China's Ministry of Ecology and Environment (MEE) announced Thursday that China will ban imports of 32 types of solid waste in its latest move to reduce environmental pollution.
Source: Xinhua-Global Times | 2018/4/19 21:28:40

Baidu, Meituan go driverless

Domestic internet firms Baidu Inc and Meituan-Dianping will cooperate on food delivery services via driverless technology, news site tech.sina.com.cn reported on Thursday.
Source: Xinhua-Global Times | 2018/4/19 21:23:41

Figuratively Speaking

11.9m tons China's gasoline output in March, an increase of 5.7 percent on a yearly basis, eastmoney.com reported on Thursday. The output of diesel rose 1.3 percent year-on-year to 15.6 million tons in March.
Source: Global Times | 2018/4/19 21:18:41

Russian soybeans have opportunity

China will work with Russia to actively expand bilateral trade and further ease mutual market access for agricultural products, a Chinese official said on Thursday.
Source: Global Times | 2018/4/19 21:18:40

Chinese banks see net forex sales drop in Q1

Chinese commercial banks reported a significant drop in net foreign exchange sales in the first quarter as cross-border capital flows remained balanced and stable, the country's foreign exchange (forex) regulator said Thursday.
Source: Xinhua-Global Times | 2018/4/19 21:13:40

Alibaba to invest $350m in Thailand

Chinese e-commerce giant Alibaba has agreed to invest 11 billion Thai baht ($350 million) into the first stage of the Eastern Economic Corridor, according to a report from Thailand-based newspaper Bangkok Post on Thursday.
Source: Global Times-Reuters | 2018/4/19 20:53:42

Petrobras-CNPC weigh oil deal

Brazil's state-run oil company is nearing a deal in which China National Petroleum Corp (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas.
Source: Global Times-Reuters | 2018/4/19 20:53:42