BUSINESS >> Economy

Shanghai rolls out new measures to attract more foreign companies

The Shanghai municipal government on Tuesday announced 30 new measures to relax investment restrictions and provide facilities for transnational corporations to establish headquarters.
Source: Global Times | 2019/8/13 22:38:40

HK residents shouldn't miss China's global rise

For both leisure and work assignments, I have been on the road – or more precisely in the air – for the past few weeks, travelling from Asia to Europe to Africa. While the endless flight hours and constant changes in time zones were a challenge, what really bothered me throughout my journey was one question: When many around the world draw inspiration from China's success story, why are some in Hong Kong trying to destroy it rather than preserving it? After all, they are also Chinese and they should be part of that story.
Source: Global Times | 2019/8/13 22:28:40

Turmoil shakes HK airport's hub status

The chaos caused by demonstrators at the Hong Kong International Airport (HKIA), if not handled expeditiously and properly, will make the airport lose its premium status as an international hub, analysts told the Global Times on Tuesday.
Source: Global Times | 2019/8/13 21:33:39

Labeling China as currency manipulator will hurt US in the end: experts

Chinese experts on Tuesday criticized US' move to label China as a currency manipulator, saying that the decision will hurt the US in the end.
Source: Global Times | 2019/8/13 20:28:40

Chinese consumer confidence remains strong in Q2 amid growing downward pressure

Chinese consumer confidence remains strong, despite rising downward economic pressure and growing external uncertainties, as a quarterly survey by global measurement and data analytics company Nielsen indicates unchanged consumer confidence.
Source: Global Times | 2019/8/13 20:23:40

More developers voice support for HKSAR govt

An increasing number of Hong Kong-based real estate companies are voicing their support for the special administrative region's government and opposition to violent protests, raising alarm over the devastating impact the unrest will have on the local economy.
Source: Global Times | 2019/8/13 19:23:40

American beef producers hope for closer tie-ups with China

US beef producers are looking forward to gaining a larger share in China, one of the fastest-growing beef markets in the world, an industry expert has said.
Source: Xinhua-Global Times | 2019/8/13 16:28:39

Chinese yuan weakens to 7.0326 against USD Tuesday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 115 pips to 7.0326 against the US dollar Tuesday, according to the China Foreign Exchange Trade System.
Source: Xinhua | 2019/8/13 10:10:48

US budget deficit widens 27 pct in 10 months of fiscal year

The US federal budget deficit reached 866.8 billion US dollars in the first 10 months of the fiscal year 2019, up by 27 percent from the same period the previous year, the Treasury Department said on Monday.
Source: Xinhua | 2019/8/13 8:36:52

US stocks close lower amid rising growth anxieties

US stocks ended lower on Monday, as the market was sunk by growing worries about the prospects of US economic growth and worsening US-China trade frictions.
Source: Xinhua | 2019/8/13 7:27:38

In Botswana: China's pragmatism wins over US idealism

In the summer of 2014, former US president Barack Obama, facing criticism that the first African-American president was ignoring Africa and US' influence in the continent was squeezed by other countries, particularly China, convened the first US-Africa Leaders' Summit.
Source: Global Times | 2019/8/12 20:09:47

Expert says additional tariffs on Chinese imports put US at a disadvantage

The additional tariffs imposed by the United States on Chinese products would eventually put U.S. producers at a disadvantage and undermine the global economy, said an expert.
Source: Xinhua | 2019/8/12 17:59:19

Experts say US flip-flopping on trade policy

Many scholars and business leaders consider the US flip-flopping on its trade policy towards China an act of bullying after Washington decided to impose an additional 10 percent tariffs on 300 billion US dollars worth of Chinese imports, contradicting the consensus reached by the two heads of state in Osaka.
Source: Xinhua | 2019/8/12 17:46:43

Chinese state-owned companies restrict staff from flying with Cathay Pacific

A number of Hong Kong branches of state-owned financial institutions, including China Huarong International Holdings, have issued notices in recent days which bar their employees from taking Cathay Pacific flights for business trips, a source close to the matter told the Global Times on Monday. The airline came under rising fire now for supporting anti-government riots in Hong Kong.
Source: Global Times | 2019/8/12 17:07:20

Philippine coconuts fill Chinese stomachs

John Tan has started shipping tons of aromatic young coconuts to China. Since its first shipment late last month, his company has shipped 108,000 young coconuts to the cities of Guangzhou, South China's Guangdong Province, and Xiamen, East China's Fujian Province.
Source: Xinhua-Global Times | 2019/8/12 16:33:40

Made-in-China's quality, affordability gain popularity with Kenyan consumers

The balmy weather that enveloped Kenya's capital of Nairobi on a Wednesday afternoon provided an opportunity for Daniel to relax and meditate, outside the textiles shop where he works as a salesman.
Source: Xinhua-Global Times | 2019/8/12 16:33:39

CPEC power plant provides clean electricity, green environment to Pakistan

Power plants under the China-Pakistan Economic Corridor (CPEC) have improved livelihood of Pakistanis by helping the government overcome severe electricity shortage to control load shedding, which sometimes lasted for 18 hours in a single day before the CPEC projects started injecting electricity into the national grid.
Source: Xinhua | 2019/8/12 13:41:28

China commences chili meal imports from India

Indian-produced chili meal has been approved to enter China market as Beijing is trying to diversify its agricultural products' imports sources. An expert said that China's vast growing market will further open to countries respecting multilateral free trade rules.
Source: Global Times | 2019/8/12 13:30:08