BUSINESS >> Economy

LA Port warns of potential impacts of proposed new tariffs on China

Port of Los Angeles, the largest single gateway for waterborne containerized cargo entering and leaving the United States, warned the proposed new tariffs on goods from China would create unintended negative impacts to the nation.
Source: Xinhua | 2019/6/20 15:14:38

Myanmar's economy to grow at 6.5 pct in current fiscal: World Bank

Myanmar's economy is expected to grow at 6.5 percent in the fiscal year 2018-19 (October-September), said a report of the World Bank carried on state media Thursday.
Source: Xinhua | 2019/6/20 10:42:05

Wall Street notches mild gains as Fed hints at potential rate cuts

US stocks inched higher on Wednesday, as the market was buoyed by US Federal Reserve's loosening stance on monetary policy after a two-day meeting closely watched by market participants.
Source: Xinhua | 2019/6/20 8:31:36

China puts more effort into intellectual property strategy

A promotion plan for further implementing a national intellectual property (IP) strategy to build China into a country with strong intellectual property rights (IPR) was released on Wednesday. An expert said the new plan stresses IP protection, application and international cooperation.
Source: Global Times | 2019/6/19 22:34:37

Japanese firms committed to China despite trade war impact: report

Japanese companies firmly believe that China remains one of the top global markets despite the ongoing US-China trade war and other rising risks, and China's further opening-up and efforts to strengthen intellectual property rights (IPR) protection also make the country more attractive to foreign investors, a Japanese annual business report showed on Wednesday.
Source: Global Times | 2019/6/19 22:28:41

North Korea tourism set to surge after top leader's visit

More foreign tourists, mostly from China, have been setting foot in North Korea since last year as the country opens up, and the trend is set to continue, industry representatives and analysts told the Global Times on Wednesday.
Source: Global Times | 2019/6/19 22:18:41

Yiwu entrepreneurs outsmart Trump tariffs

Entrepreneurs in Yiwu, East China's Zhejiang Province, who are particularly adept at overseas trade, are using such tactics as small-volume exports and shifting the focus of their trade to fend off the blows of rising tariffs on exports to the US.
Source: Global Times | 2019/6/19 22:12:43

China launches anti-dumping probe into EPDM imports

China's Ministry of Commerce (MOC) announced Wednesday it will start an anti-dumping investigation into imported ethylene propylene diene monomer (EPDM) products from the United States, the Republic of Korea and the European Union.
Source: Xinhua | 2019/6/19 20:50:56

China's benchmark power coal price remains flat

China's benchmark power coal price remained flat during the past week.
Source: Xinhua | 2019/6/19 20:19:58

Xinjiang benefits from stability

As massive anti-terrorism and anti-extremism efforts have yielded major progress and led to social stability, Northwest China's Xinjiang Uyghur Autonomous Region, which has been lagging behind in economic growth, is shifting focus to boosting growth.
Source: Global Times | 2019/6/19 20:18:40

Jiangsu's trade with B&R countries up 9.8% in first 5 months

East China's Jiangsu Province saw 9.8 percent year-on-year growth of foreign trade with countries along the Belt and Road in the first five months of 2019, hitting 412.48 billion yuan (about 59.75 billion US dollars).
Source: Xinhua | 2019/6/19 20:15:58

Outlook bright for Wuhan's Optics Valley; fiber firms account for quarter of market

Optical fiber enterprises in a high-technology zone in Wuhan, Central China's Hubei Province, account for 25 percent of the global market, and they have been actively promoting the construction of the Yangtze River Economic Belt and high-quality local development, a senior official said on Wednesday.
Source: Global Times | 2019/6/19 20:08:41

170-bln-yuan deals signed at China-Russia Expo

More than 380 deals, worth over 170 billion yuan (about 24.6 billion US dollars) were signed during the Sixth China-Russia Expo, which concluded Wednesday in Harbin, capital of northeast China's Heilongjiang Province.
Source: Xinhua | 2019/6/19 19:15:06

China, Italy launch modern railway R&D center in Turin

A modern railway R&D center was launched Tuesday in the northern Italian industrial city of Turin by CRRC Tangshan to enhance bilateral railway transportation technology collaboration and innovation.
Source: Xinhua | 2019/6/19 19:06:37

Chinese-built toll road mobilizes trade, economy in Ethiopia

The newly inaugurated Chinese-built 220-km toll road that connects landlocked Ethiopia to ports in Djibouti will meet Ethiopia's growing import-export needs, an Ethiopian official said on Tuesday.
Source: Xinhua | 2019/6/19 19:04:00

Chinese gamers make a play for the big league on the global market

At the three-day Annual Electronic Entertainment Expo (E3), held in the Los Angeles Convention Center in California last week, Chinese gaming companies, including Tencent, Netease, and Perfect World, showcased their products and dominated the headlines with some new title releases that are designed to attract more international players.
Source: Global Times | 2019/6/19 17:38:40

US energy sector to suffer amid trade disputes

The ongoing US-China trade disputes will have a negative impact on industries and jobs associated with energy in the United States, analysts said here recently.
Source: Xinhua | 2019/6/19 16:45:33

Chinese mainland stocks surge after Xi agrees to meet Trump at G20

Chinese stocks rallied during Wednesday morning's trading after media reports said that President Xi Jinping had agreed on a meeting with US President Donald Trump next week at the G20 summit in Japan.
Source: Global Times | 2019/6/19 15:07:03