BUSINESS >> Economy

EUCCC welcomes China's govt work report

The Government Work Report that Chinese Premier Li Keqiang delivered at the opening meeting of the ongoing 13th National People's Congress, which echoed many of the themes expressed by the Chinese government throughout 2017, was welcomed by the European business community and will provide stimulus for the country's sustainable economic growth this year, an official of the EU business lobby in China said on Wednesday.
Source: Global Times | 2018/3/14 22:23:40

Nation suspends adjustment of domestic retail oil prices

China's top economic planner announced on Wednesday that it would keep domestic retail oil prices unchanged as global oil prices have not fluctuated significantly in the previous two weeks.
Source: Xinhua - Global Times | 2018/3/14 22:23:40

China, EU close to BIT: reports

Despite rising concerns about Chinese investment among some European officials, China and the EU are moving fast toward completing a bilateral investment treaty (BIT) and a free trade agreement (FTA), according to media reports.
Source: Global Times | 2018/3/14 22:18:39

China retail sales up 9.7 pct in first two months

China's retail sales of consumer goods grew 9.7 percent year on year to reach 6.1 trillion yuan (about 965 billion US dollars) in the first two months of 2018, official data showed on Wednesday.
Source: Xinhua | 2018/3/14 11:31:17

China to combine CIRC, CBRC

The central government is planning to combine the functions of the two financial watchdogs, the China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC), in an effort to strengthen financial supervision.
Source: Global Times | 2018/3/13 21:28:39


“China's manufacturing industry has developed very rapidly. Our country needs to establish a technological dividend as soon as possible.”
Source: Global Times | 2018/3/13 20:58:39

Trademark system in need of 'improvement'

Trademark squatting in China has become one of the key problems troubling enterprises at home and those overseas who want to enter the Chinese market, members of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) said during a panel discussion at the ongoing two sessions held in Beijing.
Source: Global Times | 2018/3/13 20:53:40

AI can boost growth potential of China's digital economy

The Government Work Report delivered at the opening meeting of the ongoing 13th National People's Congress highlighted artificial intelligence (AI), giving companies in the sector more confidence, said a senior executive from US-based technology firm Evernote.
Source: Global Times | 2018/3/13 20:53:39

Trade wars to cost global economy 470 billion US dollars: economists

The US decision to slap tariffs on steel and aluminum imports may trigger trade wars, which could cost the world economy 470 billion dollars by 2020, warned Bloomberg economists on Monday.
Source: Xinhua | 2018/3/13 8:26:42

Dubai airport free zone partners with China's Liaoning Province to boost trade

Dubai Airport Freezone Authority (DAFZA) announced Monday a "new strategic partnership" with northeast China's Liaoning Province to expand bilateral trade.
Source: Xinhua | 2018/3/13 8:12:22

Travel top priority: survey

The Chinese economy might be slowing and facing considerable challenges, but the country's rising middle class appears to be unconcerned, with many spending heavily on travel both domestically and internationally.
Source: Global Times | 2018/3/12 21:33:39

Agreement on IPO reform path unanimous

All sides have expressed agreement about the reform path for China's IPO system, despite different views on the timetable for its rollout, a senior official from China's top legislature said on Monday.
Source: Global Times | 2018/3/12 21:03:39

Stamp of approval

A resident of Southwest China's Chongqing shows what she bought on Saturday: commemorative stamps for the 13th National People's Congress.
Source: VCG | 2018/3/12 20:58:40

Regulations needed for strengthening ETS construction

Launching a national emission trading system (ETS) is a key milestone in China's climate policy, as it shows that China is an important participant and contributor in the global endeavor for ecological civilization, Liu Shuang, director of the Low Carbon Economic Growth Program with Energy Foundation China, told the Global Times on Monday.
Source: Global Times | 2018/3/12 20:58:40


“Baidu Inc is actively communicating with the Xiongan New Area in North China's Hebei Province, and aims to test driverless cars in Xiongan as soon as possible.”
Source: Global Times | 2018/3/12 20:58:39

China-Finland cooperation set to benefit from B&R

The Chinese government's pledges on further opening-up in its manufacturing sector and continued promotion of the Belt and Road (B&R) initiative, as highlighted in the Government Work Report delivered at the ongoing 13th National People's Congress, will offer great opportunities to further enhance economic cooperation between China and Finland, a Finnish state agency said over the weekend.
Source: Global Times | 2018/3/11 21:48:40

New laws on foreign investment, tax in pipeline

China's national legislature will take steps to develop a law for foreign investment and conduct further research into a real estate tax law, according to a work report released on Sunday, the Xinhua News Agency reported.
Source: Global Times | 2018/3/11 21:48:39


“IPO reforms should be aimed at serving the real economy. Many internet firms have flocked to overseas capital markets to get listed, showing that the current IPO system cannot meet the needs of the new growth model.”
Source: Global Times | 2018/3/11 21:33:39