BUSINESS >> Economy

Domestic smart manufacturing market to exceed $31.8b

The number of China's digital workshops/smart factories have so far reached more than 200 and the domestic intelligent manufacturing market is likely to exceed 220 billion yuan ($31.8 billion) by 2020, the Xinhua News Agency reported, citing an industry report.
Source: Global Times | 2018/10/15 20:43:40

China's solutions upgrade global trade: expert

China's solutions are upgrading the global trade liberalization, and promoting world traders to realize healthier business growth, an expert said during an international trade forum as the 124th China Import and Export Fair, also known as “Canton Fair”, which kicked off in Guangzhou on Monday.
Source: Global Times | 2018/10/15 20:43:39

US seeks currency chapters in trade talks with Japan

US Treasury Secretary Steven Mnuchin said that the US wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp North American Free Trade Agreement (NAFTA).
Source: Reuters-Global Times | 2018/10/15 17:38:53

Central SOEs profits up 21.5% in first three quarters as reform deepens

China's centrally administered SOEs posted continued growth in profits in the first three quarters of the year, booking 1.35 trillion yuan ($195.2 billion) and up 21.5 percent in the period, the State asset watchdog said on Monday.
Source: Global Times | 2018/10/15 11:43:39

Traders coping with tensions

Exhibitors at the 124th China Import and Export Fair said on Sunday that although they are worried about the negative impact of the US-China trade tensions on their business, they will actively cope with the situation by exploring other markets.
Source: Global Times | 2018/10/14 21:03:39

Making headlines

The National Bureau of Statistics (NBS) is scheduled to announce China's consumer price index (CPI) and producer price index (PPI) for September on Tuesday.
Source: Global Times | 2018/10/14 20:53:39

Sino-Russian rail bridge makes progress, opening set for 2019

Construction of the Chinese section of the Sino-Russian Tongjiang-Nizhneleninskoye railway bridge was completed on Saturday and a local official said the bridge is expected to open to traffic by July 2019.
Source: Global Times | 2018/10/14 20:48:40

China's top stock regulator seeks to inject confidence in meeting with investors

The top official in charge of China's stock regulatory agency on Sunday sought to inject confidence into the market, hinting that a rebound in Chinese stocks could come soon during a meeting with investors, according to media reports.
Source: Global Times | 2018/10/14 19:53:39

Excavator sales grow 28%

Sales by China's major excavator producers continued to grow in September, but at a milder pace, according to the China Construction Machinery Association.
Source: Xinhua-Global Times | 2018/10/14 19:43:40

NEV sales surge

China's sales and production of new energy vehicles (NEVs) have continued to experience fast growth thanks to government support in the sector, industry data shows.
Source: Xinhua-Global Times | 2018/10/14 19:43:40

Shenzhen to provide support to listed firms

The municipal government of Shenzhen, South China's Guangdong Province, plans to use tens of billions of yuan to provide liquidity support to listed firms and ease pressure of forced liquidations amid a downturn, the Shanghai Securities News reported on Saturday.
Source: Reuters | 2018/10/14 19:43:39

'Taking care of' debt issues of Belt and Road projects: Chinese Vice Finance Minister

China's Vice Finance Minister Zou Jiayi on Saturday acknowledged debt issues with some of the Belt and Road (B&R) projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments.
Source: Reuters-Global Times | 2018/10/14 19:38:40

Plenty of room for adjustments

China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the US remain significant.
Source: Reuters | 2018/10/14 19:38:40

Chinese stocks rebounded following steep declines

Chinese stocks rebounded after steep declines on Thursday, closing higher on Friday with blue-chip stocks leading the rally, and experts expected that government incentives might bring more confidence to the stock market.
Source: Agencies-Global Times | 2018/10/14 17:38:40

China's central bank injects liquidity into market in September

China's central bank continued to pump cash into the money market in September to meet demand for liquidity from financial institutions.
Source: Xinhua | 2018/10/14 15:05:44

Shanghai import expo helps increase business ties with China, Houston trade official says

The upcoming import expo in China will help Houston increase its trade ties with China, a senior trade official of Houston, US state of Texas, said in a recent interview with Xinhua.
Source: Xinhua | 2018/10/14 14:16:14

World experts upbeat about stability, resilience of Chinese economy

Amid complicated international landscape and new changes in China's domestic economy, experts around the world believe that the Chinese government has sufficient policy tools to tap its inherent dynamism so as to secure robust and resilient economic growth.
Source: Xinhua | 2018/10/14 12:13:39

China-North Korea trade drops 59.2% in January-September period: customs

China has consistently complied with UN's resolutions on North Korea and bilateral trade tumbled 59.2 percent year-on-year from January to September, said an official with the General Administration of Customs (GAC) on Friday.
Source: Global Times | 2018/10/13 0:18:39