BUSINESS >> Economy

Western fast food: curiosity to part of daily life

McDonald's, the well-known Western fast-food brand born in the US state of Illinois in 1955, entered the Chinese mainland in 1990, when people considered such food an exotic experience provided by China's reform and opening-up. The US food giant picked Shenzhen, the policy's test ground, as its launch pad.
Source: Global Times | 2018/2/12 21:08:40

Small-caps lead rebound following rough week

After a week of turmoil, Chinese stocks rebounded on Monday, led by small-caps, as some investors hunted for bargains after last week's ferocious sell-off.
Source: Reuters-Global Times | 2018/2/12 21:08:39

First five-star hotel rapid changes witnesses

Situated in the Shekou Industrial Zone, Shenzhen, South China's Guangdong Province, the Shenzhen Nanhai Hotel, the first five-star hotel established in Shenzhen in 1984, has taken the pulse of the former fishing village's social and economic changes during the past several decades.
Source: Global Times | 2018/2/12 21:08:39

Japanese yen edges up higher vs US dollar

The Japanese yen edged higher versus the dollar on Monday, but traded below a five-month high as a bounce in US equities late last week dampened demand for traditional safe haven currencies.
Source: Reuters-Global Times | 2018/2/12 21:03:39

Ecuador products hit dinner tables for the New Year

Sales for Ecuador gift boxes on Alibaba's business unit Tmall Fresh began in Hangzhou on January 18.
Source: Global Times | 2018/2/12 18:48:39

China's new yuan loans hit new high in January

China's new yuan-denominated loans in January hit 2.9 trillion yuan (about 458.2 billion US dollars), 867 billion yuan more than the same period a year earlier and a record high, central bank data showed Monday.
Source: Xinhua | 2018/2/12 17:47:15

GDP comparison chart of China, developed countries a fabrication: NDRC

A widely disseminated online chart comparing GDP by expenditure of China and major developed countries is false and represents a "sheer fabrication," a Chinese official said on Sunday.
Source: Global Times | 2018/2/11 21:47:34

Return of talent enriches southern city

After a decade working in Silicon Valley, northern California, Xiao Jing, a Chinese scientist specializing in artificial intelligence (AI) technologies, decided to come back to China, and Shenzhen became his new home.
Source: Global Times | 2018/2/11 21:13:40

Youtu Lab inside Tencent to empower internet

Located in Shenzhen's high-technology park area in Nanshan district, scarf-wearing and winking penguin mascots stood outside of the headquarters of internet company Tencent Holdings, a pioneer contributing to China's internet revolution.
Source: Global Times | 2018/2/11 21:13:39

Huaqiangbei: more than an electronics marketplace

Shenzhen, which was an unremarkable fishing village in the1970s, has grown into a metropolis with the third-biggest GDP on the Chinese mainland thanks to the country's reform and opening-up that began in 1978. Today, the city is often considered a new Silicon Valley, as its information technology (IT) industry output accounts for nearly 20 percent of the total output of this sector in the country. On the one hand, the rise of Huaqiangbei, an electronic marketplace located in the city's Futian district, mirrored the development of the city and its IT industry; On the other hand, Shenzhen is also the birthplace of some Chinese internet companies like Tencent Holdings, which has become most valuable company in Asia. Global Times reporter Chen Qingqing recently traveled to Shenzhen to see how the opening-up policy has influenced this city and its technology industry. This is a three-part story.
Source: Global Times | 2018/2/11 20:53:39

Brazil railway for China exports halted amid economic pressure

Brazil's reported decision to drop its plans for a railway link to the Pacific to transport exports bound for China is largely due to the country's ongoing economic difficulties, while other challenges such as environmental protection also played a part, experts said on Sunday.
Source: Global Times | 2018/2/11 20:33:40

UK to add Nigeria's naira to list of accepted trade currencies

The Nigerian naira is one of three West African currencies that UK Export Finance has pre-approved for its program of funding transactions that promote trade with the UK, it said.
Source: Reuters-Global Times | 2018/2/11 19:33:39

Chinese cities swim toward free trade ports

China has been putting a lot of effort into building free trade zones (FTZs) in recent years. Now the efforts are going one step further, with the central government calling for the establishment of free trade ports, which will supposedly derive from the existing FTZs.
Source: Global Times | 2018/2/11 19:18:39

China central bank skips open market operations for 13th consecutive working day

China's central bank suspended open market operations for the 13th consecutive working day Sunday, citing sufficient liquidity in the banking system.
Source: Xinhua | 2018/2/11 11:41:00

China's cranes to promote Namibia's port construction

Namibia's port in the coastal town of Walvis Bay will become the "most brilliant pearl on the Atlantic Coast of southwest Africa" with the delivery of four ship-to-shore (STS) cranes manufactured by China, the Chinese ambassador to the country said Friday.
Source: Xinhua | 2018/2/11 11:28:28

Over 20 mln new companies registered in China in past 5 years

Some 21.6 million companies were registered in the past five years in China, thanks to the government's push for entrepreneurship and innovation to bolster growth.
Source: Xinhua | 2018/2/10 23:08:06

Chinese regulator approves zero IPO applications in past week

China's securities regulator did not approve a single Initial Public Offering (IPO) application in the past week amid tightening scrutiny.
Source: Xinhua | 2018/2/10 13:44:06

China to launch crude oil futures on March 26

China will launch the long-awaited crude oil futures contract on March 26 at the Shanghai International Energy Exchange (INE), the country's top securities regulator said on Friday.
Source: Xinhua | 2018/2/10 12:15:07