BUSINESS >> Economy

FTA talks boost Panama ties

A year after Panama and China established diplomatic relations, Chinese Commerce Minister Zhong Shan and his Panamanian counterpart Augusto Arosemena officially launched free-trade talks between the two countries on Tuesday. Arosemena, Panama's minister of commerce and industries, spoke to Global Times reporter Chen Qingqing (GT) on Wednesday, to discuss the future of China-Panama business relations.
Source: Global Times | 2018/6/13 22:53:41

China's submarine observation sector needs own core technology: analysts

China has been ramping up efforts to develop maritime technologies and the maritime economy, but the lack of certain technology, especially in the submarine observation sector, might hurt the pace of development, experts said Wednesday.
Source: Global Times | 2018/6/13 21:38:40

Agents abandon Hainan as home sales plunge in response to buying curbs

Tough measures to cool the property market in China's resort island of Hainan have put the brakes on a real estate boom and underscored the policy risks developers and investors face as the government tries to rein in prices.
Source: Reuters-Global Times | 2018/6/13 21:33:40

Steady expansion in GDP

The Chinese economy will maintain steady growth this year as structural reforms have made notable progress, the Xinhua News Agency said.
Source: Global Times - Xinhua | 2018/6/13 21:28:41

Merger talk swirls over China oil, gas pipelines

Construction of pipelines to carry natural gas and oil in China is set to increase significantly over the next few years, but that doesn't mean there's a necessity to merge the current pipeline businesses of the nation's three oil giants, energy experts said.
Source: Global Times | 2018/6/13 21:08:41

Chinese investors to bring growth, jobs to Uganda

By developing more industrial parks in Uganda, Chinese investors are helping to boost economic growth and provide jobs to rural young people, local leaders said.
Source: Xinhua | 2018/6/13 20:02:47

Mainland offers 600 internships for young Taiwanese: spokesperson

The Chinese mainland will provide around 600 internships in various industries for young Taiwanese in the coming months, a spokesperson in Beijing said Wednesday.
Source: Xinhua | 2018/6/13 17:39:50

China, UK hold hands to build mutually beneficial tech ecosystem

The UK and China have a leading role to play in global tech, and working closer will open up new business opportunities, said the founder of Tech London Advocates (TLA) at the third annual China-UK Hi! Tech Festival.
Source: Global Times | 2018/6/13 17:08:39

China upgrades speed of homegrown maglev train to 160km per hour

State-owned CRRC Co Ltd has rolled out an upgraded 160-kilometer-per-hour 500-passenger commercial maglev train in Zhuzhou, Central China's Hunan Province, media reports said on Wednesday.
Source: Global Times | 2018/6/13 13:43:40

NAFTA auto rules of origin talks bog down, says Mexican expert

Talks to update automobile rules of origin as part of the renegotiation of the North American Free Trade Agreement (NAFTA) bogged down, a Mexican expert said on Tuesday.
Source: Xinhua | 2018/6/13 11:37:53

Paris, Beijing to work together on AI, smart cities

The Greater Paris Region and Beijing Municipality signed on Tuesday a five-year deal to focus on smart cities and sustainable development, Greater Paris Region President Valérie Pécresse told a press conference held in Beijing.
Source: Global Times | 2018/6/12 23:23:40

China eases QFII, RQFII restrictions to open up market

China said Tuesday that it will ease restrictions on foreign institutional investors in a step to open its financial market.
Source: Global Times | 2018/6/12 23:13:41

Dandong excited about Trump-Kim summit, some concerns remain

For residents of Dandong in Northeast China's Liaoning Province, which sits on the China-North Korea border, the historic meeting between US President Donald Trump and North Korean leader Kim Jong-un could have huge economic significance.
Source: Global Times | 2018/6/12 23:13:40

Myanmar port financing concerns dismissed

Concerns that a planned deepwater port near the town of Kyaukpyu in Myanmar may drag the country into debt are excessive because the plan has not yet been finalized, a Myanmar official said recently.
Source: Global Times | 2018/6/12 23:08:40

Fairer environment for China's manufacturing workers is urged following reports criticizing Foxconn

While Foxconn said it is conducting a full investigation of working conditions in its Hengyang plant in Central China's Hunan Province after a US watchdog disclosed its "unethical" and "illegal" labor practices, a Chinese labor expert has urged better conditions for factory workers so they can enjoy the achievements that China's reform and opening-up produced over the past four decades.
Source: Global Times | 2018/6/12 22:23:40

China's fast-growing mobile economy sparks employee complaints

China's booming mobile economy, while bringing convenience to people's daily lives, has also led to complaints from workers in the sector about falling incomes and worsening work conditions, which some industry insiders said showed a need for legislation for protecting workers in the new economy.
Source: Global Times | 2018/6/12 22:03:40

China open to enhancing international cooperation in autonomous driving: Premier Li

China remains open to development of advanced manufacturing by other countries and is willing to enhance international cooperation in autonomous driving and other fields, Chinese Premier Li Keqiang said.
Source: Xinhua | 2018/6/12 21:06:02

China eases restrictions on institutional investor programs

China said Tuesday that it would ease restrictions on foreign institutional investors in a step to open its financial market wider.
Source: Xinhua | 2018/6/12 20:10:15