BUSINESS >> Economy

French tech startups eye Chinese market

There's a rising number of French tech startups that hope to tap the Chinese market, but the gigantic, opportunity-rich market is still "very difficult" for many of them, the co-founder of La French Tech in Shanghai, a French entrepreneur community, said at CES Asia 2018, a leading consumer technology exhibition.
Source: Global Times | 2018/6/16 9:53:25

China decides to impose additional tariffs on 50 bln USD of US imports

China has unveiled a list of products from the United States that will be subject to additional tariffs in response to US announcement to impose additional duties on Chinese imports.
Source: Xinhua | 2018/6/16 9:07:14

IMF says US trade, fiscal policies could undermine global economy

US President Donald Trump's trade and fiscal policies are likely to increase the risks to the US and global economy, the International Monetary Fund (IMF) said Thursday.
Source: Xinhua | 2018/6/15 22:02:35

China's top political advisor visits Chinese-invested industrial park

China's top political advisor Wang Yang Thursday visited a Chinese-invested industrial park in central Uganda, encouraging more Chinese companies to develop business in Africa and improve localization level.
Source: Xinhua | 2018/6/15 21:58:17

China to 'immediately' retaliate to US tariffs: FM

China will immediately take necessary measures against US tariffs on Chinese goods, a spokesperson for the Chinese foreign ministry said on Friday.
Source: Global Times | 2018/6/15 17:38:09

China's home prices remain stable

Home prices in major Chinese cities largely remained stable in May as local governments toughened up restrictions to prevent speculation, official data showed Friday.
Source: Xinhua | 2018/6/15 15:28:29

World Cup gives Chinese fans a reason to root for industry

The absence of the Chinese team at the 2018 FIFA World Cup is hardly denting the enthusiasm of Chinese fans for the tournament, which is being hosted by Russia for the first time ever.
Source: Global Times | 2018/6/15 10:23:00

Chinese crayfish train heads to Moscow as fans get ready to feast during World Cup

A red cargo train, sporting a large banner on its front with the words "Chinese crayfish rush to the rescue of the World Cup", is scheduled to arrive in Moscow in the next few days, carrying 100,000 frozen crayfish from central China to the Russian capital's restaurants and markets, just after the kickoff of the 2018 FIFA World Cup.
Source: Global Times | 2018/6/15 8:45:23

Political issues may hinder China-India oil alliance: experts

A plan by India to form a crude oil buyers' alliance with China could be a mutually beneficial deal for two of the world's largest crude importers, potentially leading to a greater say in global oil price setting, but it won't work unless the two countries can overcome major political and economic issues, experts said on Thursday.
Source: Global Times | 2018/6/14 22:23:40

No big effect from rushed shipments in China: official

Some Chinese companies have been rushing shipments or increasing short-term orders for fear of additional US tariffs, but this is not the mainstream and will not impact the stable and healthy development of China's foreign trade, a Chinese commerce official said on Thursday.
Source: Global Times | 2018/6/14 22:18:40

China's deficit in services trade set to keep rising in near future

China's services trade deficit is expected to rise further in the next few years, which is in line with the law of economic growth and the level of China's economic development, a senior trade official said Thursday.
Source: Global Times | 2018/6/14 22:13:44

FDI increases by 7.6%

Foreign direct investment (FDI) into the Chinese mainland rose 7.6 percent year-on-year to 58.81 billion yuan ($9.06 billion) in May, official data showed Thursday.
Source: Xinhua | 2018/6/14 22:13:42

Xiang Junbo admits guilt

Xiang Junbo, former chairman of the China Insurance Regulatory Commission, pled guilty to taking bribes on Thursday, the Xinhua News Agency reported.
Source: Global Times | 2018/6/14 22:08:43

Agreement with China void if US imposes tariffs: ministry

China reiterated on Thursday that any agreements reached on trade between China and the US will be void if the US imposes tariffs and other trade measures.
Source: Global Times - Reuters | 2018/6/14 22:08:42

US Fed chairman says to hold press conference after every policy meeting starting in 2019

US Federal Reserve Chairman Jerome Powell said here on Wednesday that the central bank will hold a press conference after every policy meeting starting in January 2019.
Source: Xinhua | 2018/6/14 9:51:39

Australian officials need to adjust adverse rhetoric to court Chinese investment: experts

Australia should adjust its anti-China stance and show sincerity in cooperating with Chinese companies, experts said on Wednesday, after data showed signs that the country's economic ties with China are cooling down.
Source: Global Times | 2018/6/13 23:03:40

New adjustment for pension funds coming

China will establish a central adjustment system for basic pension funds to balance the payment burden for local governments.
Source: Xinhua-Global Times | 2018/6/13 22:58:40

AI chip makes progress

Leapmotor, a start-up based in East China's Zhejiang Province, announced on Wednesday at CES Asia that the first domestically made artificial intelligence (AI) chip has entered the stage of integration verification.
Source: Global Times | 2018/6/13 22:53:42