BUSINESS >> Economy

New Year Gala's leading-edge products signal China's lead in technology

The annual Spring Festival gala to be hosted by state-run broadcaster China Media Group has become a harbinger of the latest Chinese technology trends.
Source: Global Times | 2019/2/1 21:13:40

China studies job creation in new industries

Chinese policymakers have been talking with industry insiders to gauge job creation by emerging industries. These jobs could provide new momentum to the domestic economy. Industry insiders said the talks could pave the way for stabilizing the job market. Recent massive layoffs in the internet industry have rattled Chinese citizens' nerves ahead of the upcoming Spring Festival.
Source: Global Times | 2019/2/1 20:28:40

China's holdings of US treasury slip to 18-month low as it diversifies reserves

China's holdings of US Treasury securities declined for a sixth consecutive month in November, a trend that is highly likely to continue as Beijing seeks to diversify its foreign exchange reserves and reduce risks, analysts said on Friday.
Source: Global Times | 2019/2/1 20:18:40

Caixin PMI for January portends further contraction in China's manufacturing sector

The Caixin/Markit Manufacturing Purchasing Managers' Index for January dropped to 48.3, the lowest level since March 2016, a private survey showed on Friday.
Source: Global Times | 2019/2/1 20:13:40

'Cherry hype' a sign of vigorous demand among Chinese consumers

“A 26-year-old earns 15,000 yuan ($2,227) a month but can't afford cherries,” said an article complaining about the costly fruit that has gone viral on Chinese social media. A blogger called Xingyanshuo mentioned the different stages of financial freedom of Chinese internet users last year, classifying the economic status of female consumers based on what they could afford to buy. Cherries were on that list.
Source: Global Times | 2019/2/1 19:48:41

Maglev line in Shenzhen

Shenzhen, South China's Guangdong Province, plans to build a fast track using high-speed magnetic levitation technology (maglev) with a maximum speed of more than 500 kilometers per hour.
Source: Global Times | 2019/2/1 19:48:40

Superfast trains might reduce commute time between Shenzhen and Guangzhou to less than 15 minutes

China's powerhouse city Shenzhen in Guangdong Province is planning to build a fast track that connects Guangzhou with high-speed magnetic levitation technology with a maximum speed 500 kilometers per hour.
Source: Global Times | 2019/2/1 17:24:16

Interview: Chinese consumers will be most significant economic force, says Jim O'Neill

Chinese consumers are the drivers of the global economy, one of the world's top economists has said.
Source: Xinhua | 2019/2/1 9:33:03

High-speed railway drags China forward

As hundreds of millions of Chinese prepared to take the fast train home at a top speed of 350 kilometers an hour for the Chinese Lunar New Year, scholars honed in on an article dubbing high-speed railway debt a "gray rhino," heatedly debating the long-term and often-invisible social and economic benefits of the country's fast-expanding high-speed rail network.
Source: Global Times | 2019/1/31 22:33:41

Dressing up

Consumers rush to purchase heavily discounted goods at Wudaokou clothing market in Beijing on Wednesday. The 13,000-square-meter market, which operated for about 30 years, shut down at noon on Thursday. The Beijing local government unveiled plans last year to end small commodity retail businesses in the district, because these are not in line with its function.
Source: VCG | 2019/1/31 22:33:40

Better IPR protection, business climate for foreign firms

China will continue to enhance the protection of intellectual property rights (IPR) and improve the business environment for foreign investors, a spokesperson for the Ministry of Commerce (MOFCOM) said on Thursday at a press briefing.
Source: Global Times | 2019/1/31 22:13:40

Yuan gets fresh boost in internationalization drive after Cambodia's central bank adds it as official clearing currency

The yuan has received several fresh boosts in its rapid rise as a global currency, as more countries and overseas financial institutions adopt the use of the Chinese currency in payments and settlements.
Source: Global Times | 2019/1/31 22:03:40

Tesla faces sales challenge in China

Tesla Inc has set a weekly production goal of 3,000 Model 3 vehicles at its Shanghai Gigafactory, and this could be achieved because of lessons the US electric car producer learned in its birthplace of the US. But it may not be able to sell the cars as fast as it makes them, analysts said.
Source: Global Times | 2019/1/31 21:58:40

China gears up for financial opening as markets mature

Yuan-denominated bonds will be included in the Bloomberg Barclays Global Aggregate Index starting in April, the People's Bank of China (PBC), the central bank, announced on Thursday.
Source: Global Times | 2019/1/31 21:38:40

China's manufacturing activity edges up in January

China's manufacturing activity increased slightly in January, according to an official survey released on Thursday.
Source: Global Times | 2019/1/31 20:28:40

China's manufacturing activities slightly higher in January; future expansion to focus on high tech, consumer goods sectors: NBS

China's manufacturing activities increased slightly in January, while growth in the services sector picked up for a second straight month, according to an official survey released on Thursday.
Source: Global Times | 2019/1/31 13:13:40

U.S. Fed leaves interest rates unchanged, signals patience about future hikes

The U.S. Federal Reserve on Wednesday left interest rates unchanged as expected and pledged to be patient about future rate hikes, sparking a stock market rally and pushing down the value of the U.S. dollar.
Source: Xinhua | 2019/1/31 10:58:48

China's manufacturing PMI edges up in January

The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.5 this month, slightly up from 49.4 in December, the National Bureau of Statistics (NBS) said Thursday.
Source: Xinhua | 2019/1/31 10:18:24