BUSINESS >> Economy

China lists 400 State-owned enterprises for market reform

The Chinese government has listed about 400 State-owned enterprises (SOEs) for market reforms by and 2022, signaling policymakers' determination to carry out broad reforms of the country's massive State-owned assets.
Source: Global Times | 2018/8/15 21:58:27

US robotics company values Chinese market despite ongoing trade clash

NASDAQ-listed iRobot said it is a global company and the Chinese market is very important, although that tariffs imposed by the Trump administration on Chinese imports may disrupt the supply chain of the global robotics sector.
Source: Global Times | 2018/8/15 21:33:40

Taiwan-based 85 Cafe may face boycott in the mainland, urged to recognize 1992 Consensus

Taiwan-based chain 85 Degrees Celsius Bakery Café (85 Cafe) has sparked criticism in the Chinese mainland, after one of its US stores warmly welcomed Taiwan leader Tsai Ing-wen, who leads the pro-independence Democratic Progressive Party.
Source: Global Times | 2018/8/15 21:13:40

China grows stronger amid difficulties: NDRC

China's economy cannot be struck down by external factors, as already demonstrated in recent decades, said a spokesperson for the National Development and Reform Commission (NDRC), the country's top economic planner.
Source: Global Times | 2018/8/15 19:33:40

Xinjiang becomes key logistics hub for B&R; handles 1,400 trains to Europe this year

Under the scorching sun, a crane loads containers filled with car parts, small commodities and clothing onto a train.
Source: Xinhua-Global Times | 2018/8/15 17:53:40

Chinese movie star apologizes for 'incautious' financial management but denies manipulating 1.8b yuan of stocks

Chinese movie star Huang Xiaoming apologized over Weibo for ''incautious'' financial management on Wednesday, amid a series of stock scandals involving celebrities.
Source: Global Times | 2018/8/15 17:43:39

China's A-share market opens lower on Turkey economic woes

China's A-share market opened lower on Wednesday, which observers said was partly due to investors' risk-aversion sentiment after the recent Turkish lira crisis, which has lead to drastic fluctuations in the global financial market, as well as a weakening Chinese yuan.
Source: Global Times | 2018/8/15 13:38:39

Home price growth rates in China's first-, second-tier cities slow down in July

Growth of sales prices of new commercial residential buildings in China's first- and second- tier cities showed a slowdown in July compared with rates seen in June, an official survey showed Wednesday, as the country strives to regulate the property sector.
Source: Global Times | 2018/8/15 13:23:40

US protectionist measures harm China's legal interests and authority of WTO: MOFCOM

The US' decision to subsidize its renewable energy companies and impose high tariffs on imported photovoltaic products will severely distort global markets and harm China's interests, the Chinese commerce ministry said Tuesday night.
Source: Global Times | 2018/8/15 11:38:39

Chinese e-commerce stores sell T-shirts with slogans against trade war

T-shirts with anti-trade war slogans are being sold on China's e-commerce platforms, highlighting Chinese sentiment toward the US is becoming increasingly disturbed amid rising trade tension with the US.
Source: Global Times | 2018/8/15 0:07:36

China remains confident despite cooling economy and trade spat with US: analysts

China's slowdown in the second quarter of this year is in line with the country's moves to adjust its economic structure, with the economy remaining steady and sound amid uncertainties, experts said on Tuesday.
Source: Global Times | 2018/8/14 22:38:41

Water project in Sri Lanka

A water supply and sewerage project in northwestern Sri Lanka constructed by China Machinery Engineering Corp went into operation on Monday.
Source: Xinhua-Global Times | 2018/8/14 22:23:41

China printing banknotes for foreign countries 'shows advanced technology': analysts

China's ability to print the currencies of other countries shows that the nation's technologies and anti-counterfeiting measures are widely recognized and trusted. And there is no reason to have national security concerns as this is a licensed service, a Chinese expert said.
Source: Global Times | 2018/8/14 22:23:40

Tariffs will drive US wines out of Chinese market: analysts

China's proposed tariffs on US wine will further squeeze the limited US share in the growing Chinese market and might even block these wines entirely, said industry players and analysts.
Source: Global Times | 2018/8/14 21:23:40

New vice governor for central bank

China's human resources ministry said on Tuesday that Zhu Hexin has been appointed as vice governor of the People's Bank of China, the central bank.
Source: Reuters-Global Times | 2018/8/14 19:56:13

$13.81b railway approved in Suzhou

China's State planner has approved a 95 billion yuan ($13.81 billion) urban railway expansion project in Suzhou, East China's Jiangsu Province, local media reported on Tuesday.
Source: Reuters-Global Times | 2018/8/14 19:56:13

Hainan tightens non-property land supplies to boost island's real economy

South China's Hainan Province is planning to set time limits on land supply for non-real estate use, a move that aims to stimulate the development of the island's real economy, said an industry analyst.
Source: Global Times | 2018/8/14 19:48:39

While Chinese feel restless, Africans seem to be enjoying simple pleasures

As my return flight was delayed and forced me to stay in the West African city for another day, considerate hotel and food arrangements that outstripped arrangements made by Chinese airlines in similar circumstances made me feel better.
Source: Global Times | 2018/8/14 19:43:39