BUSINESS >> Economy

Tapping into Israeli tourism

Myway Georgian Airline Co, founded by a Chinese company, announced Tuesday that it will soon begin flights between the Georgian capital of Tbilisi and the Israeli coastal city of Tel Aviv.
Source: Global Times - Xinhua | 2018/6/20 22:28:42

'Made in China 2025' doesn't exclude foreign firms

Accusations about the “Made in China 2025” strategy are unfair and China will definitely stick to the strategy in the coming years, potentially offering new opportunities for foreign companies in advanced industries, analysts said on Wednesday.
Source: Global Times | 2018/6/20 22:23:41

Chinese fintech sector eyes Asian markets for expansion

Domestic fintech companies are increasing their efforts in overseas investment, particularly in Southeast and South Asia, to gain the initiative in these opportunity-rich local markets.
Source: Global Times | 2018/6/20 21:28:40

Housing inventories in major Chinese cities down 8.2 percent year-on-year in May

Housing inventories in China's major cities dropped 8.2 percent year-on-year in May as sweeping destocking measures kicked in, the latest industry data showed.
Source: Xinhua-Global Times | 2018/6/20 21:08:42

US underestimates China's will to fight back in trade war: experts

The US has underestimated China's determination to open up at its own pace, and China can adopt more retaliatory economic measures if the US insists on a trade war, experts said Wednesday.
Source: Global Times | 2018/6/20 21:08:42

Import controls to be extended

The European Commission is examining whether to extend measures to control imports of solar panels from China, a move that could fuel tensions with Beijing, which had welcomed plans to phase them out in September.
Source: Agencies-Global Times | 2018/6/20 21:08:41

Central SOEs report record-high May profits

The profits of China's central State-owned enterprises (SOEs) in May reached a record high compared with the same period historically, official data showed Wednesday.
Source: Xinhua | 2018/6/20 21:08:41

Delivery robots hit the road

Self-driving delivery robots have emerged in Beijing's Haidian district to deliver packages to customers.
Source: Agencies-Global Times | 2018/6/20 21:08:40

Chinese economy stable, resilient despite trade tensions

China's economy is stable and resilient enough against uncertainties, including the latest trade tensions between China and the US, experts said, who called for slight policy adjustments.
Source: Global Times | 2018/6/20 20:17:39

EU to hit US imports from Friday in response to Trump tariffs

The European Union will start charging import duties of 25 percent on a range of US products from Friday after Washington imposed tariffs on EU steel and aluminum at the start of June, the European Commission said on Wednesday.
Source: CGTN | 2018/6/20 19:33:28

US business associations urge greater congressional oversight of Trump's trade policy

A group of almost 60 US business associations, including the National Retail Federation and the National Foreign Trade Council, have urged Congress to exert greater oversight of President Donald Trump's use of tariffs and other trade policy measures.
Source: Xinhua | 2018/6/20 14:57:57

Chinese diplomat calls for actions against trade war

A senior Chinese diplomat on Tuesday called for joint actions against trade wars which hurt bilateral interests and go against world trade order.
Source: Xinhua | 2018/6/20 13:56:44

Top legislature convenes bimonthly session

China's top legislature opened its bimonthly session on Tuesday to deliberate a draft e-commerce law and amendment to the Individual Income Tax Law as well as bills and reports.
Source: Xinhua | 2018/6/20 9:14:03

China urges US to be more rational on trade issue

China on Tuesday urged the United States to be more rational concerning the ongoing trade issue and to stop undermining the interests of others as well as itself.
Source: Xinhua | 2018/6/19 23:27:39

China's central bank governor, economists urge investors to remain calm following stock slumps

The mainland stock markets plunged on Tuesday, sparked by US President Donald Trump's intensifying measures against Sino-US trade, aggregating the falling trend for A shares in recent weeks.
Source: Global Times | 2018/6/19 22:33:40

New negative list showcases China's resolve to opening-up amid Sino-US trade row

The announcement of a new negative list that will ease limits on foreign investment shows that China's commitment to opening-up will not be hindered by Sino-US trade friction, and the move will also be significant in maintaining the stability of global trade, experts said on Tuesday.
Source: Global Times | 2018/6/19 22:13:40

Nepalese PM denies cancellation of hydropower contract

Nepalese Prime Minister K.P. Sharma Oli on Tuesday denied media reports that Nepal has cancelled a contract for construction of the West Seti hydroelectric project with China Three Gorges Corp (CTGC).
Source: Global Times | 2018/6/19 21:43:39

Banks see net forex purchase

Chinese commercial banks continued to see a net foreign exchange (forex) purchase in May, data from the country's forex regulator showed Tuesday.
Source: Agencies-Global Times | 2018/6/19 21:38:40