BUSINESS >> Economy

Investment fund to spur services trade

China has launched a 30 billion yuan ($4.63 billion) investment fund to boost trade in the services sector as part of a broader effort to improve the country's foreign trade structure, the Xinhua News Agency said on Monday.
Source: Reuters | 2018/1/8 23:08:40

Airline shares soar on fare price liberalization

Chinese airlines will be able to set their own fares on more than 300 domestic routes after the aviation regulator further liberalized fees in a major step forward for reform of the world's fastest-growing civil aviation market.
Source: Reuters | 2018/1/8 23:06:51

New M&A strategy called for

Chinese experts said on Monday that domestic firms should adapt their strategies in acquiring foreign advanced technologies or entering overseas markets amid rising desire in Western countries to guard their core technologies.
Source: Global Times | 2018/1/8 22:43:40

Cooperation with Cambodia offers huge potential

Located on the Indochina Peninsula, Cambodia is an important stop on the ancient Maritime Silk Road and a pivot for the construction of the 21st Century Maritime Silk Road. The profound cooperation between China and Cambodia under the framework of the Belt & Road (B&R) initiative has provided important support for the extension of the 21st Century Maritime Silk Road to the Indian Ocean and the South Pacific region. In the future, China should address and control the potential risks, intensify the cooperation and find more ways to make China-Cambodia cooperation a new model of international cooperation under the framework of the B&R initiative.
Source: Global Times | 2018/1/8 22:23:40

Excavator sales shoot up

Sales for China's biggest excavator manufacturers almost doubled in 2017, the latest sign of recovering economic activity, the Xinhua News Agency reported on Monday.
Source: Global Times - Xinhua | 2018/1/8 22:03:40

S.Korea targets Chinese steel

South Korea's trade regulatory authority has made a ruling in its anti-dumping investigation into Chinese low-carbon steel wire and has proposed anti-dumping duties of between 4.43 percent and 15.71 percent on various Chinese exports, according to a statement from China's Ministry of Commerce on Monday.
Source: Global Times – Xinhua | 2018/1/8 22:03:39

Nation sets up new cooperation system to help revitalize northeastern regions

A financial cooperation system aiming at revitalizing Northeast China was set up on Friday, the National Development and Reform Commission (NDRC), the country's top economic planner, announced on Monday.
Source: Global Times | 2018/1/8 21:58:40

Chinese market still tempting for Carrefour

China will provide more and more commercial opportunities in overseas markets thanks to the country's Belt and Road initiative, while attracting more investment, products, technologies and services domestically, Thierry Garnier, president and CEO of Carrefour China, told the Global Times on Friday.
Source: Global Times | 2018/1/8 21:58:40

Rated SOEs' leverage to fall in 2018: Moody's

Although China's State-owned enterprises (SOEs) will continue to see their leverage decline in 2018, more efforts should be made to enhance the quality of their assets, an expert told the Global Times on Monday.
Source: Global Times | 2018/1/8 21:58:39

Investment in France growing

Domestic companies' investment in France has increased dramatically in recent years, and has diversified into sectors including manufacturing, aviation, energy and automobiles, Chinese experts said on Sunday ahead of French President Emmanuel Macron's visit to China from Monday to Wednesday.
Source: Global Times | 2018/1/7 21:43:39

Yuan internationalization set to speed up in 2018

The internationalization of the yuan will accelerate again in 2018 as trade and investment grow rapidly under the Belt and Road (B&R) initiative and the currency's exchange rate is set to hold steady, experts said.
Source: Global Times | 2018/1/7 21:13:40

Figuratively Speaking

The Beijing Municipal Commission of Commerce said e-commerce transactions in the city are expected to exceed 2.5 trillion yuan by the end of 2018.
Source: Global Times | 2018/1/7 21:13:40

China aims for top spot in smart vehicle sector

China aims to become the global leader in the smart car industry by 2035 via efforts like developing homegrown innovation systems and road networks suited for smart cars, according to a draft plan released by China's National Development and Reform Commission (NDRC) on Friday.
Source: Global Times | 2018/1/7 21:13:39

AIIB eyes dollar bond

The Asian Infrastructure Investment Bank (AIIB) said on Saturday that it may issue its first US dollar-denominated bond as soon as the end of June this year.
Source: Xinhua-Global Times | 2018/1/7 21:08:40

$2b for research in 2018

China has budgeted over 13 billion yuan ($2 billion) for major research and development programs this year, the Ministry of Science and Technology said.
Source: Xinhua-Global Times | 2018/1/7 21:08:40

Nation's forex reserves up to $3.14 trillion in December

China's foreign exchange reserves rose to their highest in more than a year in late December, blowing past economists' estimates, as tight regulations and a strong yuan continued to discourage capital outflows, central bank data showed on Sunday.
Source: Reuters-Global Times | 2018/1/7 21:08:39

Code crackdown: China payment restrictions to hit profits

A decision by China's central bank to rein in reserve funds held by payment companies could cost the industry about $689 million a year, spur consolidation and alter the way Asia's biggest technology companies move money.
Source: Reuters | 2018/1/7 21:03:39

China's forex reserves up for 11th straight month

China's foreign exchange reserves rose for the 11th month in a row to 3.14 trillion US dollars at the end of December, data from the central bank showed Sunday.
Source: Xinhua | 2018/1/7 18:03:50