BUSINESS >> Economy

China to take countermeasures against US additional tariffs

China vowed on Thursday to take necessary countermeasures against a US decision to impose 10 percent tariffs on $300 billion worth of Chinese goods starting on September 1.
Source: Global Times | 2019/8/15 20:13:40

Google job search rivals up in arms

Google's fast-growing tool for searching job listings has been a boon for employers and job boards lacking candidates, but several rival job-finding services contend that anti-competitive behavior has fueled its rise and cost them users and profits.
Source: Reuters-Global Times | 2019/8/15 19:33:40

Yuan depreciation to rev up Chinese export shipments

With the yuan having passed the benchmark level of 7 per US dollar earlier this month, China's foreign trade is expected to improve in the second half of the year, which would help cushion tariff pressure caused by the ongoing China-US trade war, exporters and analysts told the Global Times.
Source: Global Times | 2019/8/15 18:53:40

New services, deals

Airbus said recently that as of the first half of this year, there are more than 1,770 Airbus aircraft flying in the Chinese mainland, accounting for about half of the market share. It plans to deliver its two-thousandth aircraft to China next year.
Source: Global Times | 2019/8/15 17:23:40

Oil prices decline as US crude inventories rise

Oil prices declined on Wednesday as unexpected builds in US crude inventories weighed on the market.
Source: Xinhua | 2019/8/15 7:56:03

Experts slam US 'currency manipulator' label

Chinese financial experts on Wednesday slammed the US labeling China as a “currency manipulator” as groundless slander and behaving like a hegemony.
Source: Global Times | 2019/8/14 21:13:40

Chinese economy grows within reasonable range in July

Chinese officials and experts expressed confidence in China's growth potential as the country's economy showed a stable trend in July amid the ongoing China-US trade war.
Source: Global Times | 2019/8/14 23:53:40

China's private space sector eyes breakthrough with satellite launch by Jielong rocket

China's private space industry will see a new breakthrough as a Beijing-based space start-up will launch its homegrown satellite soon.
Source: Global Times | 2019/8/14 21:33:40

PBC holds auction of yuan debt,showing central government's confidence in HK

China's central bank sold 30 billion yuan ($4.28 billion) worth of bills in the Hong Kong Special Administrative Region (HKSAR) on Wednesday in its latest issuance, which was oversubscribed by 2.6 times.
Source: Global Times | 2019/8/14 20:33:40

Cathay Pacific sacks 2 pilots to ensure flying safety

Hong Kong's flagship airline Cathay Pacific needs to fix its security strategy and maintain an appropriate policy stance in the region, without which the company is set to lose in competition with other airlines, analysts said.
Source: Global Times | 2019/8/14 20:13:40

Staff in HK financial sector call for better personal security, end to bullying

An employee from the Chinese mainland at the Hong Kong branch of China Minsheng Bank was reportedly bullied by a Hong Kong executive due to different stances, as the executive mocked the employee who was supporting local police amid recent riots and urged him to “get back to the mainland.”
Source: Global Times | 2019/8/14 19:28:40

Daqing spirit a 'secret weapon' that can help China in trade war

As the US presses ahead with a trade war to contain China, the Global Times reporter traveled to Daqing Oil Field, the largest oil production base in China.
Source: Global Times | 2019/8/14 17:18:40

China to promote nationwide tech-enabled, facial-recognition traffic monitoring system

China is actively promoting the construction of a national, integrated traffic management platform which could screen out traffic-rule-violating automobiles by recognizing driver's faces and the appearances of cars.
Source: Global Times | 2019/8/14 16:58:40

Chinese makeup brush sector expands global presence

Luyi, a remote county in the eastern part of Central China's Henan Province, is nurturing a fashion-related business worth billions of yuan that has extended its presence across the globe.
Source: Global Times | 2019/8/14 16:53:40

Despite manufacturing slowdown, China's economy remains stable in July

Despite a slowdown in several sectors such as manufacturing and consumption, China's economy showed a stable trend in July with steady fixed-assets investment and robust exports growth, data released by the National Bureau of Statistics (NBS) showed on Wednesday.
Source: Global Times | 2019/8/14 12:18:42

China makes solemn representations over new US tariffs in phone call with US trade negotiators

Chinese Vice Premier Liu He was invited by the US side to take part in a phone conversation with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on the trade issues between the two countries on Tuesday.
Source: CGTN | 2019/8/14 0:14:14

US delays tariffs as China, US trade negotiators hold phone call

Chinese experts said the sudden postponing of impending tariffs showed that the maximum pressure tactics of the US are losing their bite when it comes to China.
Source: Global Times | 2019/8/13 23:49:01

China, Russia may step up 5G cooperation amid US pressure

Russia is reportedly considering implementing 5G networks with 4.4-4.99 GHz bandwidth, which is used only in China and Japan. Industry insiders say Russia's choice of bandwidth may deepen the cooperation on 5G between China and Russia amid the US crackdown on China's 5G technology.
Source: Global Times | 2019/8/13 22:48:41