BUSINESS >> Economy

Expert sees Trump's escalating tariff tensions with China as "lose-lose proposition"

It is a "total lose-lose proposition" for US President Donald Trump's administration to continue to escalate tariff tensions with China, said a renowned expert on Tuesday.
Source: Xinhua | 2018/8/8 19:27:00

China launches deleveraging notice to aid SOE debt control

Five government departments jointly issued a notice on Wednesday detailing the reduction of domestic enterprise leverage, said a statement published on the official website of the National Development and Reform Commission (NDRC).
Source: Global Times | 2018/8/8 19:08:40

China-US trade up 5.6% in July despite dispute

Despite ongoing tensions, trade between China and the US is rising, but it's now the latter's turn to help reduce a trade imbalance between the two countries, experts said.
Source: Global Times | 2018/8/8 19:03:40

U.S. business community warns tariffs on Chinese imports could backfire

U.S. business leaders and scholars have warned that Washington's tariffs on additional Chinese imports could backfire.
Source: Xinhua | 2018/8/8 18:57:37

China-US trade up 5.6% in July despite dispute, but experts caution imbalance

Despite ongoing tensions, trade between China and the US is increasing, but it's now the latter's turn to further reduce a trade imbalance between the two countries, experts said.
Source: Global Times | 2018/8/8 14:33:39

Govt departments jointly launch company-deleveraging notice to aid SOEs in debt control

Several government departments jointly issued a notice on Wednesday detailing the reduction of domestic enterprise leverage, according to a statement published on the official website of the National Development and Reform Commission (NDRC).
Source: Global Times | 2018/8/8 14:18:39

China's foreign trade up 8.6 pct in first seven months

China's goods trade went up 8.6 percent year on year to 16.72 trillion yuan (about 2.45 trillion US dollars) in the first seven months of this year, customs data showed Wednesday.
Source: Xinhua | 2018/8/8 13:49:31

Bullet train between Beijing and Tianjin raises maximum speed to 350km/h in move to boost northern integration

The Beijing-Tianjin Intercity Railway, China's first high-speed railway, increased its maximum speed to 350 kilometers per hour on Wednesday, providing a fresh booster to the country's Beijing-Tianjin-Hebei integration initiative.
Source: Global Times | 2018/8/8 13:43:39

Demand for Chilean salmon doubles

China's demand for Chilean salmon doubled in the first six months of the year compared with the same period last year, Chilean media reported on Monday.
Source: Xinhua-Global Times | 2018/8/7 22:08:41

600m euros raised for mid-sized firms

A first EU-China investment fund backed by the Juncker Plan has raised 600 million euros ($694.5 million) for mid-sized companies, the European Commission said.
Source: Xinhua-Global Times | 2018/8/7 22:08:40

Withdrawal from RCEP may not be conducive to India's economy: expert

The Indian government reportedly plans to discuss whether to withdraw from the 16-member Regional Comprehensive Economic Partnership (RCEP) negotiations, which an expert said is quite "immature" and may not be good for India's future economic development.
Source: Global Times | 2018/8/7 21:28:40

First EU-China investment fund raises 600 mln euros for mid-sized companies

A First EU-China investment fund backed by the Juncker Plan has raised 600 million euros (694.5 million US dollars) for mid-sized companies, the European Commission has said.
Source: Xinhua | 2018/8/7 16:49:01

Sea cucumbers die en masse amid record heat wave

More than 70 percent of sea cucumbers in Dalian, Northeast China's Liaoning Province, which accounts for half of China's output, has been lost due to high ocean temperatures, wreaking unprecedented havoc on one of the nation's most priced delicacies, according to a report by China Central Television.
Source: Global Times | 2018/8/6 22:28:39

Trade row prompts China to use low-protein diet for pigs to reduce soybean intake

China is trying to reduce imports of soybeans through promotion of soybean substitutes amid escalating trade tensions with the US, and Chinese pork farmers have started on this effort in a bid to minimize the negative impact and support their country.
Source: Global Times | 2018/8/6 22:23:40

China's fireworks sector sparkles amid trade tensions

Despite an escalating trade tussle between China and the US, China's fireworks industry has received more orders ahead of Christmas, highlighting the US' reliance on Chinese products, some industry sources say.
Source: Global Times | 2018/8/6 21:28:39

Hainan island's duty-free sales rise by 24% in the first half of the year

Offshore duty-free shops on China's southern island province of Hainan sold 5.25 billion yuan ($772 million) worth of goods in the first half of this year, up 24 percent from the same period of last year, local customs said.
Source: Xinhua-Global Times | 2018/8/6 20:18:39

Pakistan longs for China investment

In a recent article in the Washington Post, which peddled a series of unsubstantiated accusations and innuendos against China regarding Northwest China's Xinjiang Uyghur Autonomous Region, the writer asserted that "the Chinese government's obsession with its international reputation is its main vulnerability," which can be used to pressure China.
Source: Global Times | 2018/8/6 20:13:39

China's July exports growth predicted at 10%

China's exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars worth of shipments to the US.
Source: Reuters-Global Times | 2018/8/6 18:58:39