BUSINESS >> Economy

Festival travel rush

China's railway system handled 10.87 million trips on Sunday, the second day of the Dragon Boat Festival, representing an increase of 16.1 percent year-on-year, the China Railway Corp said in a statement sent to the Global Times on Monday.
Source: Global Times | 2018/6/18 21:33:40

Loan to help Chinese city

The World Bank has approved a 150-million-dollar loan to a city in South China's Guangxi Zhuang Autonomous Region to help improve flood risk management and reduce water pollution.
Source: Xinhua | 2018/6/18 21:33:40

World Cup craze lights up China's lottery sector, with rising underground bets, fraud cases

Chinese fans are rushing to buy lottery tickets during the 2018 FIFA World Cup, with some even choosing underground bets over official lottery options. That's leading to rising cases of fraud online, experts warned.
Source: Global Times | 2018/6/18 21:33:40

Australia urged to mend ties with China

National President of the Australia China Business Council John Brumby has urged the Australian government to repair its relations with China.
Source: Xinhua-Global Times | 2018/6/18 21:33:39

China's new property registration system heralds impending property tax: analysts

China's nationwide immovable property registration information system has been established and become fully operational, China Media Group (CMG) reported over the weekend, fueling speculation that the country's property tax will debut soon.
Source: Global Times | 2018/6/18 21:28:40

China's solid waste imports down as ban takes effect

China's imports of solid waste dropped significantly in the first quarter of this year as the government steps up enforcement of a ban on imported rubbish.
Source: Xinhua-Global Times | 2018/6/18 21:28:40

World Bank approves 50 mln USD for Kenya's small enterprises

The World Bank said on Monday that it has approved 50 million US dollars for a project to increase scale innovation and productivity amongst Kenya's small enterprises.
Source: Xinhua | 2018/6/18 20:27:32

China's top political advisor hails Mombasa-Nairobi railway, calling for enhanced cooperation with Kenya

China's top political advisor Wang Yang on Sunday hailed the cooperation between China and Kenya represented by the Chinese-built Mombasa-Nairobi railway, calling for more cooperation between the two countries.
Source: Xinhua | 2018/6/18 17:39:24

Google to invest in Chinese e-commerce firm

Chinese e-commerce giant announced Monday it has secured investment worth 550 million US dollars from Google as part of a new strategic partnership between the two leading tech companies.
Source: Xinhua | 2018/6/18 17:34:53

China imports less solid waste in Q1

China's imports of solid waste dropped significantly in the first quarter of this year as the government steps up enforcement of a ban on solid waste imports.
Source: Xinhua | 2018/6/18 13:38:12

Trade volume between Shenzhen, B&R countries, regions rises to 88.5 bln USD

A total of 41 countries and regions have invested in Shenzhen, in south China's Guangdong Province, according to Wu Sikang, a city government official.
Source: Xinhua | 2018/6/18 6:21:21

Physical indicators point to positive changes in Chinese economy

While China's May economic data suggested overall economic resilience, a glimpse into the physical indicators may provide more details of the positive changes taking place in the economic picture.
Source: Xinhua | 2018/6/18 6:19:26

China MOC spokesperson's remarks on US tariff announcement

In response to the US trade measures on China, a spokesperson of China's Ministry of Commerce (MOC) said Friday that the two countries have conducted rounds of consultations on bilateral trade, trying to settle disputes for a win-win result.
Source: Xinhua | 2018/6/16 12:00:24

NAFTA negotiating chiefs to meet again in July, says Mexico

The head negotiators for the North American Free Trade Agreement (NAFTA) will meet again in July, Mexico's Economy Minister Ildefonso Guajardo said on Friday.
Source: Xinhua | 2018/6/16 11:43:51

China announces anti-dumping measures on imported hydroiodic acid, ethanolamine

The Ministry of Commerce (MOC) on Saturday announced that it will impose provisional anti-dumping measures on imported hydroiodic acid from the United States and Japan.
Source: Xinhua | 2018/6/16 11:42:00

China vows powerful retaliation against US tariffs

‍China will launch an immediate, powerful response to US tariffs on billions of dollars' worth of Chinese goods, threatening to target US goods on the same scale and intensity, a spokesperson for the Chinese Ministry of Commerce (MOFCOM) said on Friday.
Source: Global Times | 2018/6/15 22:17:56

US tariff list aims to hinder China's high-tech development: expert

China will impose 25 percent in tariffs on 659 US goods worth $50 billion, including soybeans, cars and seafood.
Source: Global Times | 2018/6/16 10:50:05

US agency expects OPEC crude oil output to increase slightly next year

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) is expected to increase slightly in 2019 to an average of 32.1 million barrels per day, according to US Energy Information Administration (EIA) on Friday.
Source: Xinhua | 2018/6/16 10:25:21