BUSINESS >> Economy

Oil prices mixed amid escalating US-Iran tensions

Oil prices posted mixed results on Monday, after Washington decided to slap fresh sanctions on Iran amid escalating tensions with Tehran, fueling anxieties over global crude supply and softening demand.
Source: Xinhau | 2019/6/25 10:40:29

Spain enters 5G era in cooperation with Huawei

Interested in the advances of 5G, Tinatin Gersamia has considered buying a smartphone with this technology after consulting at a Vodafone store in Barcelona.
Source: Xinhua | 2019/6/25 10:31:48

Trade restrictions among G20 continuing at historic high levels: WTO

The World Trade Organization's (WTO) 21st Monitoring Report on G20 trade measures issued Monday showed that trade coverage of new import-restrictive measures introduced in the October 2018 to May 2019 period was more than 3.5 times the average since May 2012.
Source: Xinhua | 2019/6/25 10:26:18

IMF executive board warns of growing medium-term risks to U.S. economy

The Executive Board of the International Monetary Fund (IMF) on Monday warned of growing medium-term risks to the US economy, noting that an "abrupt reversal" of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the US economy.
Source: Xinhua | 2019/6/25 9:25:48

Ireland-China trade, investment forum held in Dublin

A high-level forum aiming to further strengthen the business links between China and Ireland was held here on Monday afternoon, attracting nearly 150 people from the business circles of the two sides.
Source: Xinhua | 2019/6/25 8:19:32

Financing spearheads China-Africa cooperation

Practical, customized and innovative forms of financing are spearheading economic cooperation between China and Africa, executives and officials said at a seminar in Beijing on Monday.
Source: Global Times | 2019/6/24 22:28:41

CPC officials should not violate securities regulations: commissions

China's top anti-graft body on Monday clarified regulations for members and officials of the Communist Party of China (CPC) in relation to securities trading, saying that they can engage in legitimate activity in the market but should not violate relevant rules.
Source: Global Times | 2019/6/24 22:21:16

Chinese gold retailers raise prices as international bullion gains

Chinese gold retailers are raising prices as international bullion prices keep rising amid an unstable global situation. On Monday, the gold price surged to $1,403.90 per ounce (oz) in the afternoon trading session in the Asian market, after hitting the highest level since 2013 on Friday at $1,400 per oz.
Source: Global Times | 2019/6/24 19:44:34

China's farm imports from US dive from Jan to May

China's imports of major agricultural products from the US have slumped, and buyers are shifting to other countries because of the tariffs war between China and the US, according to statistics released by the Ministry of Agriculture and Rural Affairs on Monday.
Source: Global Times | 2019/6/24 19:23:40

Dubai becomes transshipment point as China-Mideast trade flourishes

China's rising trade with the Middle East is boosting investment, such as logistics construction, in Dubai, which is becoming a transshipment station in the region. Some Dubai-based companies are anticipating that the forthcoming Expo 2020 to be held in Dubai will be a chance to boost trade between China and UAE, particularly trade of small commodities.
Source: Global Times | 2019/6/24 18:33:39

US consumers to bear primary tariff costs on winter sports products: association

The additional 25 percent tariffs on winter sports products proposed by the US federal government would be mainly passed on to US consumers, said an official with US snow sports trade association Snowsports Industries America (SIA).
Source: Xinhua | 2019/6/24 16:52:06

Hong Kong stocks open 0.26 pct lower

Hong Kong stocks lost 73.08 points, or 0.26 percent, to open at 28,400.63 points on Monday.
Source: Xinhua | 2019/6/24 10:28:45

Dollar changes hands in lower 107 yen range in early trade in Tokyo

The US dollar changed hands in the lower 107 yen zone in early deals in Tokyo on Monday, almost unchanged from its levels in New York late last week.
Source: Xinhua | 2019/6/24 9:27:37

Report predicts China economy to grow at 6.3%

China should unleash the power of reforms to offset the negative effects brought by the US-initiated trade war, leading Chinese economists and analysts said on Sunday, days before the leaders of the two countries are scheduled to meet at the G20 summit in Japan in the hope of breaking the impasse that has beset the world's two largest economies.
Source: Global Times | 2019/6/24 0:08:39

First UHV converter station with 5G technology set up in East China's Anhui

The first ultra-high voltage (UHV) power converter station aided with 5G technology passed tests in Xuancheng, East China's Anhui Province, media reported. It marks the first application of 5G to assist UHV power transmission.
Source: Global Times | 2019/6/23 22:49:53

British beef to get market access by end-2019 after series of trade deals signed

British beef could be served in China at the end of 2019 which will bring millions of pounds in income to the UK's cattle husbandry sector.
Source: Global Times | 2019/6/23 22:28:39

Special financing

A view of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) special section at the China International Financial Expo in Guangzhou.
Source: Global Times | 2019/6/23 22:23:39

China's Guangdong province attracts talent with tax breaks

The Guangdong-Hong Kong-Macao Greater Bay Area is trying to build its talent pool by rolling out favorable tax policies, which analysts said will boost the hub's growth amid China's pursuit of advanced technology and innovation.
Source: Global Times | 2019/6/23 21:58:40