BUSINESS >> Economy

Capital outflows, canceled events in HK as violent protests spiral into chaos

Hong Kong has reached a critical moment as investors moved capital out and events were canceled following the city's spiral from social unrest to riots
Source: Global Times | 2019/10/3 21:32:47

HK retails suffer sharpest decline in decades as rioters rampage city

Amid ongoing riots, Hong Kong recorded a 23 percent year-on-year decrease in its total retail sales in August, registering the steepest year-on-year decline for a single month on record, according to official data released Wednesday.
Source: Global Times | 2019/10/2 21:25:06

Investing in China still top choice for foreign firms

Investing in China still holds great appeal for foreign investors as their top choice, as the country's economic strength and business infrastructure offer unmissable opportunities despite trade uncertainties.
Source: Xinhua | 2019/10/2 15:30:45

Chinese mainland leaps in digital competitiveness: report

The Chinese mainland outpaced other economies in digital competitiveness growth, a report showed.
Source: Xinhua | 2019/10/2 15:02:28

Economic sluggishness continues in Taiwan

Taiwan's economy continued to show signs of sluggishness in August as indicated by the latest index gauging the business climate on the island.
Source: Xinhua | 2019/9/30 15:41:44

China to investigate domestic households' debt levels

China's central bank is scheduled to launch a nationwide probe into domestic households' debt levels from October, in a bid to accurately predict the leverage ratio of domestic households and better formulate macroeconomic decisions.
Source: Global Times | 2019/9/29 21:58:40

China hails 'miracle' achievement in trade

Just as China's economic growth over the past seven decades has been described as a miracle, the explosive rise of the country's trade is also nothing less than a miracle. Starting from almost nothing, China has become the world's largest trading nation in just 70 years.
Source: Global Times | 2019/9/29 21:53:40

India may cut tariffs on 80% of Chinese imports under RCEP

India's plan to cut tariffs on 80 percent of Chinese imports under the Regional Comprehensive Economic Partnership (RCEP) will be welcomed by China, which is willing to import more Indian products to strengthen bilateral ties between the two largest developing countries in the world, experts said.
Source: Global Times | 2019/9/29 20:23:40

HKEX reportedly seeking loans to back up proposed LSE acquisition

Hong Kong Exchanges and Clearing Limited (HKEX) is reportedly seeking a $9.8 billion loan to back up its proposed acquisition of the London Stock Exchange (LSE) which had previously been rejected.
Source: Global Times | 2019/9/29 18:23:39

HK property moguls urged to shoulder responsibility in easing tensions

Following two of the Hong Kong's largest real estate developers joining the city's land resumption project, other Hong Kong property tycoons are being urged to shoulder the responsibility to deal with the city's affordable housing shortages. Business representatives believe that the apparent move will partially ease the housing woes.
Source: Global Times | 2019/9/29 15:29:44

China's deficit in services trade narrows as trade volume grows: MOFCOM

China's trade in services increased 3 percent year-on-year, reaching 3.6 trillion yuan ($505 billion) from January to August, official data showed over the weekend. An expert said the services trade deficit is expected to continue falling as China's services sector gains more international competitiveness.
Source: Global Times | 2019/9/29 15:28:40

East China provinces improve safety of chemical factories

East China's Jiangsu and Shandong provinces have recently rolled out a slew of measures to upgrade their chemical factories ahead of the upcoming National Day holiday, in a move that analysts say reflects the provinces' determination to protect local environment and production safety.
Source: Global Times | 2019/9/29 15:28:39

CBOT soybean futures edge higher on fresh Chinese purchase of US agricultural products

Chicago Board of Trade (CBOT) agricultural futures settled higher for the trading week which ended on Sept. 27, with soybeans rising on fresh Chinese purchase of US agricultural products.
Source: Xinhua | 2019/9/29 8:56:10

China's retail sales see steady growth in 2018

China's retail sales saw steady growth in 2018, according to a report published by the Ministry of Commerce.
Source: Xinhua | 2019/9/28 15:45:24

70 years on, Chinese travel abroad more easily in much larger number

Chinese are enjoying greater convenience in making outbound trips and more visa-free travel options, which mirrors the country's economic growth and increasing confidence and openness over the last 70 years.
Source: Xinhua | 2019/9/28 15:08:01

China will never pursue hegemony: Wang Yi to UN

China will never pursue hegemony or seek expansion and the country will remain committed to the basic principles of sovereign equality and non-interference in other countries' internal affairs, said Chinese State Councilor and Foreign Minister Wang Yi.
Source: Global Times | 2019/9/28 13:06:02

China's deficit in services trade narrows as trade volume grows: MOFCOM

China's trade in services increased 3 percent year-on-year, reaching 3.6 trillion yuan ($505 billion) from January to August, according to the Ministry of Commerce (MOFCOM) on Saturday. The trade deficit in services has narrowed as exports increased 9.7 percent to 1.3 trillion yuan and imports dropped 0.3 percent to 2.3 trillion yuan.
Source: Global Times | 2019/9/28 12:38:46

250,000 Tibetans relocated to new homes in anti-poverty fight

Nearly 250,000 people in Tibet have moved into 910 new settlements as part of poverty alleviation efforts by August, according to the region's poverty-relief headquarters.
Source: Xinhua | 2019/9/28 10:45:53