BUSINESS >> Economy

China's island province sees foreign trade double in Q1

Hainan's foreign trade surged 109.2 percent year-on-year in the first quarter, outpacing the national figure as the southern island province speeds up construction of a free trade zone.
Source: Xinhua | 2019/4/17 20:16:07

Mercedes-Benz scandal sounds alarm to all foreign firms in China

Over the past few days, a scandal involving an apparently defective Mercedes-Benz car that sparked widespread anger in China has finally come to an end, with the consumer who bought an oil-leaking car reportedly reaching a settlement with the local dealership.
Source: Global Times | 2019/4/17 20:03:40

EU considers to take countermeasures on US products worth $20 bln

The European Commission unveiled Wednesday a list of US products worth 20 billion US dollars that it considered to impact upon with tariffs as countermeasures.
Source: Xinhua | 2019/4/17 19:00:02

China's pork prices to continue rising in Q2

China is expected to see pork prices continue to rise in the second quarter of this year, the country's agriculture ministry forecast Wednesday.
Source: Xinhua | 2019/4/17 17:40:12

China's industrial output expands 6.5 pct in Q1

China's industrial output, an important economic indicator, expanded 6.5 percent year on year in the first quarter of 2019, official data showed Wednesday.
Source: Xinhua | 2019/4/17 17:22:43

Foxconn chairman: Sea goddess Mazu inspires me to run for Taiwan leader

Terry Guo, chairman of Foxconn, said he will run for Taiwan leader in next year's local elections on the island after receiving instructions from Mazu, the Chinese goddess of the sea, media reported Wednesday.
Source: Global Times | 2019/4/17 14:59:01

China Q1 GDP rises 6.4%, beating slowdown expectations amid trade war

China's GDP reached 6.4 percent growth in the first quarter (Q1), flat from the last quarter of 2018 and reaching a decade low, amid an ongoing trade war with the US and global economic uncertainty, official data showed Wednesday.
Source: Global Times | 2019/4/17 12:10:17

China's fixed-asset investment up 6.3 pct in Q1

China's fixed-asset investment grew 6.3 percent year on year in the first quarter of 2019, 0.2 percentage points faster than the first two months, the National Bureau of Statistics said Wednesday.
Source: Xinhua | 2019/4/17 10:21:47

China's Q1 resident disposable income rises 6.8 pct

China's per capita disposable income stood at 8,493 yuan (1,265 US dollars) in the first three months, up 6.8 percent year on year in real terms, official data showed Wednesday.
Source: Xinhua | 2019/4/17 10:21:12

Chinese economy expands 6.4 pct in Q1

Chinese economy expanded 6.4 percent year on year in the first quarter of this year, official data showed Wednesday.
Source: Xinhua | 2019/4/17 10:15:38

Structural upgrade in exports, imports boosts trade between China and Russia

China's trade with Russia could be further boosted as bilateral goods trade is undergoing a structural upgrade amid downward economic pressure and stagnant global trade, said industry insiders at the economic forum at the 125th Canton Fair in Guangzhou, capital of South China's Guangdong Province on Tuesday.
Source: Global Times | 2019/4/16 22:55:42

What will first-quarter GDP data imply for the economy?

There will still be some dark clouds, but the sky is getting clearer. That could be the main takeaway from data about the performance of the Chinese economy in the first quarter of 2019, which has been widely expected to be one of the toughest quarters in decades for the world's second-largest economy.
Source: Global Times | 2019/4/16 22:08:40

China reports stable growth in outbound direct investment

China's non-financial outbound direct investment (ODI) in 143 countries and regions amounted to 25.21 billion US dollars in the first quarter, according to the Ministry of Commerce (MOC) Tuesday.
Source: Xinhua | 2019/4/16 22:05:45

Will Huawei overtake Samsung in phones?

Will China's Huawei surpass Samsung, the South Korean technology giant that is currently the largest smartphone vendor worldwide, soon? The answer is yes.
Source: Global Times | 2019/4/16 22:03:40

Witness to history

The former site of Shanghai Industrial Bank at the corner of Sichuan Middle Road and Dianchi Road in Shanghai as seen on Monday. Renovation for the external walls has been completed. The building, which was initially built in about 1906, is a typical example of Queen Anne-style architecture. Photo: IC
Source: IC | 2019/4/16 21:48:40

Trade war may help yuan's globalization

The China-US trade war may help promote the internationalization of the yuan as the Chinese currency seeks a global footprint, analysts said on Tuesday.
Source: Global Times | 2019/4/16 21:48:40

Central SOEs off to positive start in 2019

China's centrally administrated state-owned enterprises (SOEs) reported favorable financial results and an investment surge in key sectors such as 5G in the first quarter of 2019.
Source: Global Times | 2019/4/16 21:43:41

China's fiscal revenue up 6.2 pct in Q1

China's fiscal revenue rose 6.2 percent year on year to over 5.36 trillion yuan (about 800 billion US dollars) in the first quarter of the year, data showed Tuesday.
Source: Xinhua | 2019/4/16 21:05:13