BUSINESS >> Economy

China surpasses South Korea to become largest chip equipment market

China has become the world's largest semiconductor equipment market thanks to continuous, intensive investment in the sector.
Source: Global Times | 2018/12/6 22:53:42

China lists specific areas for negotiations with US

China said on Thursday it will immediately implement the consensus reached with the US to reduce trade friction, starting with the agriculture, energy and automobile sectors.
Source: Global Times | 2018/12/6 22:53:41

China's central bank tightens grip on online payment platforms' reserve funds

The People's Bank of China (PBC), the central bank, has moved in recent days to tighten regulations on reserve funds of the country's booming online payment platforms, which could help protect consumers and upgrade the industry.
Source: Global Times | 2018/12/6 22:48:48

Malaysia aims to be a regional transshipment hub

Malaysian Transport Minister Anthony Loke Siew Fook said on Thursday that Malaysia seeks to become China's transshipment hub for the Association of Southeast Asian Nations (ASEAN).
Source: Xinhua | 2018/12/6 22:48:47

Artistic metro station

People walk past the new National Art Museum of China metro station on Beijing's Subway Line 8, which will be open to the public before the end of the year. Construction of the subway station began in 2011, but took longer than expected due to demolition issues and complications with existing underground utilities. Photo: VCG
Source: VCG | 2018/12/6 20:21:53

More international air routes for Sanya

The coastal city of Sanya in South China's island province of Hainan plans to open 15 more international flight routes in 2019, the city government said on Thursday.
Source: Xinhua | 2018/12/6 20:18:44

PBC injects funds into market via MLF

China's central bank on Thursday injected 187.5 billion yuan ($27.33 billion) into the market via the medium-term lending facility (MLF) to maintain liquidity.
Source: Xinhua | 2018/12/6 20:18:43

Students trained in Chinese colleges essential to Nepal's development: minister

Nepali students who have studied in China become capable people who can highly contribute to the country's vision of “Prosperous Nepal, Happy Nepali,” Nepal's Minister for Education, Science and Technology Giriraj Mani Pokharel said on Wednesday.
Source: Xinhua | 2018/12/6 20:18:42

China's innovation capacity grows as IP protection enhanced: int'l forum

China's capacity for innovation has been growing remarkably in recent years due to its enhanced efforts for intellectual property (IP) protection, speakers said at the Business of IP Asia Forum opened on Thursday.
Source: Xinhua | 2018/12/6 20:11:02

China's 2019 trade growth to have strong underpinning: MOC

China's Ministry of Commerce (MOC) said Thursday that the country's foreign trade growth in 2019 will have strong underpinning despite external challenges.
Source: Xinhua | 2018/12/6 19:55:01

Yuan unlikely to break beyond 7:1 against US dollar

The yuan is unlikely to break beyond seven against the US dollar by the end of this year, despite previous market worries over its depreciation in the Chinese currency, an economics expert said Thursday.
Source: Global Times | 2018/12/6 18:38:39

China's foreign trade volume rises 15.6%: MOFCOM

China's foreign trade has shown growth momentum this year as the total trade volume in the first 11 months of 2018 has already exceeded the reading last year, but the trend was not in large part fueled by a rush by traders to ship orders before US tariffs took effect, an official from the Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2018/12/6 18:27:50

Can Chinese smartphone makers win Europe?

After winning the Indian and Southeast Asian markets, Chinese smartphone makers are now making aggressive inroads into Europe, including the UK, Spain, Italy, Russia and France.
Source: Global Times | 2018/12/6 18:08:40

Malaysia seeks to become China's regional transshipment hub: official

Malaysian Transport Minister Anthony Loke Siew Fook said on Thursday that Malaysia seeks to become China's transshipment hub for the Association of Southeast Asian Nations (ASEAN).
Source: Xinhua | 2018/12/6 15:16:17

Chinese embassy in Ottawa urges Canada to release Huawei official

The Chinese embassy in Ottawa on Wednesday called on Canada to release Meng Wanzhou, the chief financial officer of Huawei, who has been arrested in Vancouver at the request of US authorities.
Source: Xinhua | 2018/12/6 13:24:29

Huawei becomes a hostage in China-US trade conflict: experts

Chinese Huawei Technologies has become a card for the US to play to make China compromise itself in trade conflict, but countries ruled by law should not detain Chinese citizens without providing any legal evidence, Chinese experts said on Thursday.
Source: Global Times | 2018/12/6 11:33:27

Deleveraging conducive to China's economy in long term

Although China's deleveraging push may slow growth in the short term, it will be conducive to the country's economy in the long haul, China Daily reported Thursday, citing Bridgewater Associates founder Ray Dalio.
Source: Xinhua | 2018/12/6 10:54:51

Tokyo stocks open lower as European shares slide over concerns for US economic outlook

Tokyo stocks opened lower Thursday as investor sentiment was dampened by European shares retreating overnight as global bourses react to concerns over the future course of the US economy.
Source: Xinhua | 2018/12/6 10:01:47