BUSINESS >> Economy

Xinjiang improves customs clearance efficiency, cuts business costs

Customs clearance efficiency at the land ports in Northwest China's Xinjiang Uyghur Autonomous Region has significantly improved last year, as the clearance time was shortened to half, thanks to reform measures adopted by local customs.
Source: Global Times | 2019/2/12 15:59:55

Getting to work

A job-seeker looks at recruitment posts at a job market for migrant workers in Qingdao, East China's Shandong Province over the weekend. As the Spring Festival holidays end, many people are looking for work and employers are posting many job opportunities.
Source: IC | 2019/2/11 22:43:39

Shenzhen launches pilot project for 5G commercial use

Shenzhen, South China's Guangdong Province, known as China's Silicon Valley, has launched a pilot project for 5G commercial use.
Source: Global Times | 2019/2/11 22:38:52

Vehicles recall

China's market regulator recalled 644,636 defective vehicles involving brands such as Tesla, Geely and Chery Jaguar Land Rover out of safety concerns in January.
Source: Global Times | 2019/2/11 22:38:39

China's smaller cities post faster growth in overseas tourism spending than big cities

Outbound travelers from third- and fourth-tier cities registered faster growth in their purchases through Alipay than those from the top-tier cities such as Beijing and Shanghai, Alibaba's third-party payment platform Alipay said.
Source: Global Times | 2019/2/11 22:08:39

Hainan duty-free shops see record sales during Spring Festival

Sales of duty-free shops in South China's Hainan Province hit a record high during the weeklong Spring Festival holiday, reaching 601 million yuan ($8.9 million), local customs figures showed.
Source: Global Times | 2019/2/11 21:57:39

China 'irreplaceable' chip consumption power

The increased global rankings of Chinese manufacturers when it comes to semiconductors purchases show China's irreplaceable standing as a world-leading consumer in this sector, a Chinese analyst said on Monday.
Source: Global Times | 2019/2/11 21:53:39

US report on China's IPR protection ranking 'biased,' ignorant of China's progress: analysts

It has become routine that whenever a foreign report is released – whether by a government or an organization – on intellectual property rights (IPR) protection, China in the vast majority of cases seems to be the most popular target of criticism.
Source: Global Times | 2019/2/11 21:32:25

West sees Chinese state firms as 'imaginary enemies'

Moves taken by some Western companies against imaginary enemies from China, such as certain industry conglomerates like CRRC Corp, reflect those countries' prejudice against China's state-owned enterprises (SOEs) as well as their fear of potential competition from China, experts commented on Monday.
Source: Global Times | 2019/2/11 20:13:39

Chinese central bank cracks down on banknote violations

Exchanging commemorative notes, taking photos of the notes and publishing them online before they are issued were cited as violations by the People's Bank of China (PBC) on Friday.
Source: Global Times | 2019/2/11 18:03:20

Brazil lowers exports forecast to China following recovery of soybean trade between China, US

Brazil, the largest soybean producer in Latin America, lowered its exports expectations to China following China-US trade talks that have brought a soybeans deal back to the table.
Source: Global Times | 2019/2/11 9:28:39

China to open financial market further in 2019, first by standardizing panda bond issuance

The Chinese government in 2019 will continue to open up the nation's bond market with measures such as clearing policies for overseas bond issuers in the Chinese mainland.
Source: Global Times | 2019/2/10 21:43:41

Year of the Pig may see bullish A-share market

Investors are optimistic about the 2019 outlook for the A-share market, which will have its first trading day in the Year of the Pig on Monday. Records going back about two decades signal gains on the first trading day and in the first week.
Source: Global Times | 2019/2/10 21:43:40

As Big Data 'backstabs' loyal customers, lawyer urges stricter penalties

A leading Chinese consumer rights lawyer is calling for stricter penalties for online platforms that are “backstabbing” loyal customers with the help of big data.
Source: Global Times | 2019/2/10 21:38:39

Internet economy conquers smaller cities

What did Chinese people in third- and lower-tier cities do during the seven-day Spring Festival holiday? It seems that traditional activities such as playing mahjong and snacking on sunflower seeds lost appeal. Instead, shooting funny videos via short-video platforms and grabbing digital red envelopes gained vogue.
Source: Global Times | 2019/2/10 20:58:39

Tapping new discoveries

China's state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies.
Source: Reuters-Global Times | 2019/2/10 19:28:39

China reports steady growth in refined oil consumption

China's consumption of refined oil saw stable growth in 2018, data showed.
Source: Xinhua | 2019/2/10 8:17:04

China's valuation firms to play bigger role in economic reform

It is not entirely uncommon for judicial bodies to use appraisal firms to help make forensic valuations, but it is a challenge to find a reputable one for such an assignment and for various reasons. The capacity of appraisers is uneven, and the ability of the courts to select relevant valuation points is limited.
Source: Globaltimes.cn | 2019/2/9 10:37:58