BUSINESS >> Economy

Importers may avoid more Canadian farm products amid tensions

Chinese importers might cancel plans to purchase more agricultural products from Canada, including wheat, peas and flaxseed, as they become increasingly concerned about getting tangled in a diplomatic spat between China and Canada over the latter's arrest of a Chinese technology executive.
Source: Global Times | 2019/4/9 22:08:40

Australia should mend China ties, send official delegation to Beijing's BRI forum

Australia should see trade and investment ties with China in a positive light and promote sound development of the diplomatic relationship, as well as send a high-level delegation to attend the second Belt and Road Forum for International Cooperation to be held in Beijing later this month, Chinese analysts said on Tuesday.
Source: Global Times | 2019/4/9 22:08:40

IMF lowers global growth forecast for 2019, warns of downside risks

The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3.3 percent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in January.
Source: Xinhua | 2019/4/9 21:58:10

IMF revises up China's growth forecast for 2019 to 6.3 pct

The International Monetary Fund (IMF) on Tuesday revised up the 2019 growth projection for China to 6.3 percent, up 0.1 percentage point from its previous estimation in January, according to the newly released April 2019 World Economic Outlook (WEO).
Source: Xinhua | 2019/4/9 21:57:53

China's credit database needs clear standards, rules

China's soon-to-be-released version of personal credit reports, which will cover almost every aspect of daily life, including overdue water and phone bills, has sparked heated discussion online, as many question the standards involved and provisions for data protection.
Source: Global Times | 2019/4/9 20:23:40

China's private investable financial assets reach $22t at end-2018: report

The growth rate of investable financial assets held by Chinese individuals slowed to 8 percent in 2018 due to a challenging economic background, a report revealed on Monday. However, analysts forecast that it would soon rebound once the government stimulus efforts kick in.
Source: Global Times | 2019/4/9 18:58:40

American cattle farmers pin hopes on China

On a chilly late March morning, Phil Ham and his two sons got up early for the biggest day of the year on their 1,700-acre (688 hectares) family farm in Forsyth, Georgia in the southern US.
Source: Xinhua-Global Times | 2019/4/9 18:13:41

China to promote direct financing for SMEs

China expects to alleviate the financing difficulties of small and medium-sized enterprises (SMEs) by facilitating their direct financing in the capital market, the Securities Daily reported.
Source: Xinhua | 2019/4/9 15:07:08

Huawei rumored to sell its 5G chipset to Apple: analyst

China's Huawei Technologies is reported considering selling its advanced 5G chips to US smartphone giant Apple, which is allegedly struggling with the rollout of 5G products. A Chinese industry insider said there is a possibility that Huawei is likely to be a chipset supplier for the US firm.
Source: Global Times | 2019/4/9 14:30:16

China cuts duties on range of imported items, aiming to boost trade and unleash domestic consumption

China will cut import duties on a wide range of goods including books, computers and digital cameras from Tuesday, according to a statement released by the Ministry of Finance on Monday, a move that aims to pursue balanced international trade relationships and boost domestic consumption, said experts.
Source: Global Times | 2019/4/8 21:13:40

CPEC helps advance Pakistan economic growth: official

The Pakistan government and people welcome the China-Pakistan Economic Corridor (CPEC), which has greatly improved local infrastructure and social welfare, a Chinese official said Monday.
Source: Global Times | 2019/4/8 20:59:51

India's BRI rejection means lost opportunities: experts

India's refusal to cooperate under the China-proposed Belt and Road Initiative (BRI) will make it lose many growth opportunities and harm its connectivity with other countries in South Asia, experts said Monday.
Source: Global Times | 2019/4/8 20:53:40

Chinese entrepreneurs eye new opportunities in N.Korea economy

With North Korea stabilizing its economy and giving development a high priority, Chinese companies and entrepreneurs have been actively but cautiously exploring more investment opportunities in the North Korean market.
Source: Global Times | 2019/4/8 19:33:40

China cuts tax rates on inbound consumer goods

China will lower the tax rates on a range of goods brought or mailed by individuals into the country, including food, medicines, textiles and information technology products, the Customs Tariff Commission of the State Council announced Monday.
Source: Xinhua | 2019/4/8 19:09:56

Red tourism booms during Qingming holidays

Tourism in China boomed during the three-day Qingming holidays, with so-called “red tourism” sites commemorating the country's revolutionary heroes drawing even bigger crowds of patriotic citizens.
Source: Global Times | 2019/4/8 15:14:08

Xiongan zone explores new tourism model with 5G and VR

China Mobile, the country's largest telecom operator, has launched a 5G and virtual reality (VR)-based immersive tourism business model in North China's Xiongan New Area with the help from Huawei, a significant move in the use of advanced mobile technology in the country.
Source: Global Times | 2019/4/8 14:22:36

China to relax residency restrictions in key second-tier, third-tier cities to promote urbanization

China is relaxing restrictions on hukou, or household registration, in major second-tier and third-tier cities for decisive progress in helping 100 million migrant workers who currently lack the registration to obtain it.
Source: Global Times | 2019/4/8 13:53:39

Shipping alliance bolsters trade links with B&R economies

Loaded with food, clothing and furniture, shipping company MSC's "Seaspan New York" left Xiamen port in southeast China's Fujian Province on April 1.
Source: Xinhua | 2019/4/8 11:24:07