BUSINESS >> Economy

Consumer confidence up in 2017: Nielsen

The Consumer Confidence Index for China reached 112 points in 2017, an increase of 6 points compared with 2016, according to a report by Nielsen Group released on Tuesday.
Source: Global Times | 2018/2/6 21:58:40

Cambodia could use yuan in bilateral trade

Cambodia is considering a proposal by China to use the yuan instead of the US dollar for bilateral trade, a spokesperson for Cambodia's commerce ministry said on Tuesday, a move that experts said is the latest sign of strengthening ties between the two countries and the accelerated pace of the internationalization of the yuan.
Source: Reuters-Global Times | 2018/2/6 21:58:39

Dutch royal visit offers opportunity to cement economic ties

The upcoming visit of Dutch King Willem Alexander and Queen Máxima to China is a confirmation of the good bilateral relationship between China and the Netherlands, and it offers great opportunities for the two countries to further cement trade and economic ties, said a senior official of the Netherlands.
Source: Global Times | 2018/2/6 21:38:39

Figuratively Speaking

Forecast of China's retail sales in 2018, a report by the China Council for the Promotion of International Trade said on Tuesday.
Source: Global Times | 2018/2/6 21:33:39

Dutch royal visit 'opportunity to cement ties'

The upcoming visit of Dutch King Willem Alexander and Queen Máxima to China is a confirmation of the good bilateral relationship between China and the Netherlands, and it offers great opportunities for the two countries to further cement trade and economic ties, said a senior official of the Netherlands.
Source: Global Times | 2018/2/6 21:28:39

Shares tumble in global stock rout

Chinese mainland equities tumbled on Tuesday, amid a global stock rout that has sent major markets into a dive, but losses in the Chinese mainland were much lower than in other markets.
Source: Global Times | 2018/2/6 21:18:39

US regulators back more oversight of virtual currencies

Digital currencies such as Bitcoin demand increased oversight and may require a new federal regulatory framework, the top US markets regulators told lawmakers at a congressional hearing on Tuesday.
Source: Reuters-Global Times | 2018/2/6 18:08:39

Shanghai stocks post worst day in two years

China stocks tumbled on Tuesday as a global market rout intensified, with the Shanghai index posting its biggest loss in nearly two years on worries that inflationary pressures will prompt central banks to raise rates faster than expected.
Source: Reuters-Global Times | 2018/2/6 18:08:39

Coke, coking coal futures surge to 6-week high

Steelmaking commodity coke surged to a six-week high in China on Tuesday, and steel and iron ore prices rose to their strongest in over a week, with investors raising their bets amid supply disruptions and defying a sell-down in global financial markets.
Source: Reuters-Global Times | 2018/2/6 18:03:39

Hot demand for fresh foreign food energizes China's e-commerce sector

Lobsters from Boston, cherries from Chile and cheese from France.
Source: Xinhua-Global Times | 2018/2/6 17:33:40

Internet boosts rural development

In the small village of Xieqiao in East China's Jiangsu Province, most of the corn and wheat grown on the farmlands there does not get put on people's dining tables, rather it goes toward making bunches of “dried flowers.”
Source: Xinhua-Global Times | 2018/2/6 17:33:39

Listed firms' dividends praised

A number of listed Chinese firms were praised on Monday by the Shanghai Stock Exchange for yielding “long-term high dividends” for their investors, news website sina.com reported.
Source: Global Times | 2018/2/5 22:28:40

Playing a part

A woman wears cosplay at an animation show over the weekend. The two-day show, held at the China National Convention Center in Beijing, attracted tens of thousands of anime fans from around the country. The number of anime fans in China has been expanding rapidly in recent years, driving up revenues for the animation sector. In 2017, the number of anime lovers is expected to have reached 300 million, providing estimated industry revenue of 150 billion yuan ($23.88 billion). Photo: VCG
Source: VCG | 2018/2/5 22:28:40

China, Hungary to boost ties

China and Hungary pledged to expand cooperation and strengthen bilateral ties, as Chinese Vice Premier Liu Yandong met with Hungarian Deputy Prime Minister Zsolt Semjen and Deputy Speaker of the Hungarian Parliament Janos Latorcai in Beijing on Monday.
Source: Xinhua | 2018/2/5 22:28:39

Wealth management growth seen slowing

Growth in the wealth management business at Chinese banks lost steam in 2017 amid tightened regulations to contain financial risks, an industry report showed on Monday.
Source: Reuters-Global Times | 2018/2/5 22:23:40

Services sector makes fast start

China's services sector got off to a flying start in 2018, expanding at its fastest pace in almost six years as new orders surged and companies rushed to hire more staff, a private survey showed on Monday.
Source: Reuters – Global Times | 2018/2/5 22:23:40

China to review anti-dumping duties on EU potato starch following local concerns

China will review anti-dumping duties levied on potato starch imported from the EU, which are due to expire on Tuesday, the Ministry of Commerce (MOFCOM) announced on Monday.
Source: Agencies – Global Times | 2018/2/5 22:23:40

China offers better model for LatAm

China is taking a mutually beneficial approach to economic cooperation with Latin America and the Caribbean, while the US is seeking to preserve its dominant position in the region under its protectionist “America First” strategy, two Chinese experts said on Monday.
Source: Global Times | 2018/2/5 22:18:39