BUSINESS >> Economy

US publisher frets over impact of proposed China tariffs on children's books

Daniel Reynolds, CEO of Workman Publishing, handed out several copies of his 10-page testimony at a public hearing about proposed additional tariffs on Chinese goods, with the majority of the pages illustrating colored books which he said are predominately printed in China.
Source: Xinhua | 2019/6/19 14:53:22

China's central bank continues to inject liquidity into market

The People's Bank of China (PBC), the central bank, on Wednesday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.
Source: Xinhua | 2019/6/19 11:19:21

Tariffs to harm US semiconductor sector: testimony

Washington's additional tariffs on semiconductors and the broader IT industry will harm US tech sector and are "ill-equipped" to address tech transfer and intellectual property issues with China, the US Semiconductor Industry Association (SIA) said Tuesday in a hearing.
Source: Xinhua | 2019/6/19 10:58:51

Only a sound and fair WTO mechanism can settle disputes reasonably: analyst

China has suspended a dispute consultation case related to its market economy status at the World Trade Organization (WTO), which shows China is striving to ease friction with other countries due to the tense international trading situation and the challenges the WTO is facing from certain countries' unilateralism and protectionism, experts said.
Source: Global Times | 2019/6/18 22:38:40

Tariffs to wipe out US profits

Proposed US tariffs on Chinese imports will hurt US companies and consumers more than they might imagine and will damage an industrial chain that connects the world's two largest economies, industrial representatives from both China and the US said on Tuesday.
Source: Global Times | 2019/6/18 22:28:40

Mid-year shopping festival shows China's huge potential in consumption

June 18 or 618, another online shopping gala like the double 11, ended on Tuesday. Analysts say massive orders show great potential in China's consumption market.
Source: Global Times | 2019/6/18 21:38:48

China will not dump US Treasuries until forced by absolute necessity: analysts

China further reduced its US Treasury holdings in April to their lowest level in two years. Analysts said that China is not likely to weaponize its US Treasuries in the escalating China-US trade war unless it becomes absolutely necessary.
Source: Global Times | 2019/6/18 21:38:42

Singapore ready to build an open and trustful trade environment with China

An open, trustful, multilateral and rule-based economic environment is the future of regional cooperation in the Asia-Pacific area, especially under the current strained global trade relations, Chee Hong Tat, Singapore's senior minister of state for trade, industry and education, said on Tuesday during the CCG World Trade Roundtable.
Source: Global Times | 2019/6/18 20:28:40

Tariffs bite into US bicycle businesses

For US bicycle companies, China is almost everything. Whatever they need – bicycles, components, or safety accessories – can be manufactured and sourced from China on a large scale, at competitive prices and with great quality.
Source: Xinhua-Global Times | 2019/6/18 18:07:44

Republican hawk files new legislation against Huawei, a manic move to damage US fundamentals

US Republican senator Marco Rubio is reportedly trying to stop Huawei from seeking patent royalties in US courts. It is anticipated that this move will tarnish the US' reputation as a fair market and hurt its rule of the law. And the old world, led by conservative American elites, is very likely to collapse if the new legislation filed by Rubio get approved by Congress, Chinese analysts and lawyers warned.
Source: Global Times | 2019/6/18 17:57:01

China's central bank injects liquidity into market

The People's Bank of China (PBC), the central bank, on Tuesday pumped liquidity into the financial system through open market operations.
Source: Xinhua | 2019/6/18 10:57:33

Shanghai-London Stock Connect goes live

The long-awaited Shanghai-London Stock Connect went live on Monday afternoon (Beijing time), enabling British companies to raise funds in Shanghai and vice versa.
Source: Global Times | 2019/6/17 22:34:11

China-Russia economic, trade index reflects stronger bilateral relationship

The first China-Russia (Harbin) economic and trade index was released Sunday in Harbin, capital of Northeast China's Heilongjiang Province, according to the Xinhua News Agency.
Source: Global Times | 2019/6/17 19:48:40

AI, drone technology transform China's agri-business, launching it into the future of modern farming

The Chinese farmers' traditional working scene, which usually featured a sweaty vest and chapped hands is gradually being converted by the country's technological advancements in relation to artificial intelligence (AI), cloud computing and a series of improvements in infrastructure.
Source: Global Times | 2019/6/17 18:18:39

Poor credit records get 14.09m people blacklisted: report

A total of 14.09 million people had been blacklisted for bad credit records in China as of May, chinanews.com reported Monday, citing the National Development and Reform Commission (NDRC), China's top economic planner.
Source: Global Times | 2019/6/17 18:08:40

Huawei fully prepared for US government ban, will not be 'beaten to death'

Huawei, the world's 5G technology leader, will not be “beaten to death” by the US government despite Washington's current efforts to blacklist and suffocate the Chinese high-tech company, said Ren Zhengfei, Huawei's founder and chief executive officer.
Source: Global Times | 2019/6/17 17:03:56

China opposes other countries using products made with its rare earths to curb Chinese development: official

China firmly opposes to any attempts by any country to use products made with China's rare-earth resources to curb China's development, an official said on Monday.
Source: Global Times | 2019/6/17 14:33:50

Appointment of Google's new Greater China head reflects its interest in the Chinese market

US search engine giant Google has appointed Chen Junting (Stanley Chen) as its managing director of Greater China, in-charge of sales and operations, a move that signals the US tech giant attaches great importance to the Chinese market in spite of the ongoing US-led tech cold war, industry analysts said.
Source: Global Times | 2019/6/17 12:10:20