BUSINESS >> Economy

China to roll out more successful practices of pilot FTZs

China's Ministry of Commerce will push forward the formation of more replicable practices in the country's free trade zones (FTZs), a ministry spokesperson said Thursday.
Source: Xinhua | 2019/4/12 0:21:47

Pork prices rise after long decline, lifting CPI to highest since Oct

The consumer price index (CPI), a main gauge of inflation in China, increased by 2.3 percent year-on-year in March, a record high since last October, with the price of pork increasing for the first time after 25 months of consecutive declines.
Source: Global Times | 2019/4/11 22:28:39

China's urban pension funds likely to run out by 2035: CASS report

Pension funds in China could run out before workers born in the 1980s retire, according to a report released by the Chinese Academy of Social Sciences (CASS) on Wednesday.
Source: Global Times | 2019/4/11 22:18:41

China, US inch toward deal

Chinese and US officials have maintained close contact in recent days on the remaining issues, and further negotiations could be underway, as the two countries inch toward a final trade agreement to end their tariff war, China's commerce ministry said on Thursday.
Source: Global Times | 2019/4/11 22:13:39

Jobs, not property, are key to China's urbanization

A recent relaxation of eligibility for hukou, or household registration system, in smaller Chinese cities will require administrators to beef up urban functions, vocational training in particular, analysts said on Thursday.
Source: Global Times | 2019/4/11 22:03:40

China mulls high-quality development of cross-border delivery services

China has issued guidelines to ensure the high-quality development of cross-border e-commerce posting and delivery services, a State Post Bureau (SPB) official said Thursday.
Source: Xinhua | 2019/4/11 19:23:47

Urban pension funds likely to run out by 2035: Chinese Academy of Social Sciences

Pension funds in China could run out before workers born in the 1980s retire, according to a report released by the Chinese Academy of Social Sciences on Wednesday.
Source: Global Times | 2019/4/11 14:23:12

ECB keeps interest rates unchanged as expected

Source: Xinhua | 2019/4/11 11:15:42

ECB keeps interest rates unchanged as expected

The European Central Bank (ECB) Wednesday announced to keep the key interest rates for the euro area unchanged at least through the end of 2019.
Source: Xinhua | 2019/4/10 23:19:40

US contingent to keep BRI projects in check may fail: analysts

The US hopes of using a special contingent of project evaluation experts to keep Belt and Road Initiative (BRI) projects in check may not go beyond countries heavily reliant on the US, Chinese experts said on Wednesday, commenting on a new strategy by US officials as revealed by the Wall Street Journal (WSJ).
Source: Global Times | 2019/4/10 22:28:41

Debate erupts over China's '996' work schedule

Working overtime has been common for employees in China's internet sector for many years, but debate about the practice heated up recently after a blacklist of technology companies that push their staff to follow a "996" schedule went viral online.
Source: Global Times | 2019/4/10 22:05:39

China takes aim at Australian law covering encrypted data

China's Foreign Ministry on Wednesday issued scathing criticism of a controversial Australian law that forces technology companies to give Australian authorities access to encrypted data, in an apparent bid by Chinese officials to step up their offense against what they call biased actions by Australia toward Chinese companies.
Source: Global Times | 2019/4/10 21:53:40

Could Turkish local elections be the new beginning of emerging market crisis?

Just as the flap of a butterfly's wings in the Amazonian jungle may cause a tornado in Texas two weeks later, the Turkish local election results that came out last week may become the starting point for another emerging market crisis in 2019.
Source: Global Times | 2019/4/10 21:08:41

China's top court announces reduced sentences in retrial of home appliance tycoon

China's Supreme People's Court (SPC) Wednesday announced the sentencing of Gu Chujun, founder and former chairman of Guangdong Kelon Electrical Holdings, to five years in prison for embezzlement. Gu had served the prison term.
Source: Global Times | 2019/4/10 20:53:40

Chinese women enter property market

When Zhou Zhenzhen (pseudonym), a 20-something white-collar worker in Beijing, broke up with her ex-boyfriend two years ago, she bought an 87-square-meter apartment in Beijing's Chaoyang district for around 5 million yuan ($744,524).
Source: Global Times | 2019/4/10 17:44:37

China's shrinking cities to adopt new urbanization strategies

The recently released 2019 official urbanization plan has set a new tone for China's urbanization, shifting from an expansion-oriented pattern to an improvement-oriented mode in order to cope with the problem faced by shrinking cities.
Source: Global Times | 2019/4/10 17:23:40

First Greater Bay Area Symposium held in Tokyo

A symposium for China's Guangdong-Hong Kong-Macao Greater Bay Area was held here Tuesday to introduce the Greater Bay Area and seek cooperation in developing the area between China and Japan.
Source: Xinhua | 2019/4/10 14:57:08

IMF lowers global growth forecast for 2019, warns of downside risks

The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3.3 percent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in January.
Source: Xinhua | 2019/4/10 11:56:43