BUSINESS >> Economy

China, Netherlands eye more open, pragmatic cooperation to safeguard multilateralism, free trade

China and the Netherlands on Monday pledged to jointly safeguard multilateralism and free trade by carrying out more open and pragmatic cooperation, against the backdrop of a complicated international situation with increasing uncertainties.
Source: Xinhua | 2018/10/16 9:04:36

Chinese smartphones lead Indian holiday sales despite reported restrictions

Chinese smartphone brands are the biggest winners in India's October holiday sale, beating foreign rivals and lifting the world's second-largest smartphone market to record sales, despite reported calls among some Indian officials to put restrictions on Chinese telecom firms' operations in the country due to security concerns.
Source: Global Times | 2018/10/15 23:03:40

SOEs face unfair 'bias, roadblocks' overseas

Investments in international markets made by China's State-owned enterprises (SOEs) are politically neutral and should not be subjected to discrimination, a senior official of the country's State asset watchdog said on Monday.
Source: Global Times | 2018/10/15 22:38:40

China allocates 10b yuan to support inclusive finance

China has allocated a special fund of 10 billion yuan ($1.4 billion) to develop inclusive finance this year, the Ministry of Finance (MOF) said Monday.
Source: Global Times - Xinhua | 2018/10/15 22:33:41

Hainan to enhance individual tax-free shopping quota: Xinhua

The government of South China's Hainan Province will strive to increase the annual tax-free shopping quota for travelers through efforts like opening more duty-free shops, a policy that an expert said will boost consumption in the local market and help the province become a global tourism and shopping center.
Source: Global Times | 2018/10/15 22:28:40

Beijing's innovation rising

The level of Beijing's mass entrepreneurship and innovation has been on the rise over recent years.
Source: Xinhua-Global Times | 2018/10/15 20:43:41

Huarong ex-chief to be prosecuted

Lai Xiaomin, former board chairman of China Huarong Asset Management Co. Ltd., has been expelled from the Communist Party of China (CPC) and dismissed from public office for multiple violations.
Source: Xinhua-Global Times | 2018/10/15 20:43:40

SOEs profits up 21.5% in first three quarters

China's centrally administered SOEs posted continued growth in profits in the first three quarters of the year, booking 1.35 trillion yuan ($195.2 billion) and up 21.5 percent in the period, the State asset watchdog said on Monday.
Source: Global Times | 2018/10/15 20:43:40

Domestic smart manufacturing market to exceed $31.8b

The number of China's digital workshops/smart factories have so far reached more than 200 and the domestic intelligent manufacturing market is likely to exceed 220 billion yuan ($31.8 billion) by 2020, the Xinhua News Agency reported, citing an industry report.
Source: Global Times | 2018/10/15 20:43:40

China's solutions upgrade global trade: expert

China's solutions are upgrading the global trade liberalization, and promoting world traders to realize healthier business growth, an expert said during an international trade forum as the 124th China Import and Export Fair, also known as “Canton Fair”, which kicked off in Guangzhou on Monday.
Source: Global Times | 2018/10/15 20:43:39

US seeks currency chapters in trade talks with Japan

US Treasury Secretary Steven Mnuchin said that the US wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp North American Free Trade Agreement (NAFTA).
Source: Reuters-Global Times | 2018/10/15 17:38:53

Central SOEs profits up 21.5% in first three quarters as reform deepens

China's centrally administered SOEs posted continued growth in profits in the first three quarters of the year, booking 1.35 trillion yuan ($195.2 billion) and up 21.5 percent in the period, the State asset watchdog said on Monday.
Source: Global Times | 2018/10/15 11:43:39

Traders coping with tensions

Exhibitors at the 124th China Import and Export Fair said on Sunday that although they are worried about the negative impact of the US-China trade tensions on their business, they will actively cope with the situation by exploring other markets.
Source: Global Times | 2018/10/14 21:03:39

Making headlines

The National Bureau of Statistics (NBS) is scheduled to announce China's consumer price index (CPI) and producer price index (PPI) for September on Tuesday.
Source: Global Times | 2018/10/14 20:53:39

Sino-Russian rail bridge makes progress, opening set for 2019

Construction of the Chinese section of the Sino-Russian Tongjiang-Nizhneleninskoye railway bridge was completed on Saturday and a local official said the bridge is expected to open to traffic by July 2019.
Source: Global Times | 2018/10/14 20:48:40

China's top stock regulator seeks to inject confidence in meeting with investors

The top official in charge of China's stock regulatory agency on Sunday sought to inject confidence into the market, hinting that a rebound in Chinese stocks could come soon during a meeting with investors, according to media reports.
Source: Global Times | 2018/10/14 19:53:39

Excavator sales grow 28%

Sales by China's major excavator producers continued to grow in September, but at a milder pace, according to the China Construction Machinery Association.
Source: Xinhua-Global Times | 2018/10/14 19:43:40

NEV sales surge

China's sales and production of new energy vehicles (NEVs) have continued to experience fast growth thanks to government support in the sector, industry data shows.
Source: Xinhua-Global Times | 2018/10/14 19:43:40