BUSINESS >> Economy

US PPI for final demand edges up 0.2 pct in July: report

The Producer Price Index (PPI) for final demand rose 0.2 percent in July, seasonally adjusted, the US Department of Labor said Friday.
Source: Xinhua | 2019/8/10 10:23:00

Huawei launches HarmonyOS, could replace Android at 'any time'

Chinese telecommunications giant Huawei released its much-anticipated operating system HarmonyOS on Friday amid the US ban still that is imposed on the company and escalating China-US trade tensions. A Huawei executive said the groundbreaking move, considered a Plan B that the company has long prepared, could be used at any time if the company is no longer able to access Google's Android.
Source: Global Times | 2019/8/9 16:26:08

IMF reiterates China's exchange rate broadly in line with fundamentals

China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday in a newly released report.
Source: Xinhua | 2019/8/10 7:41:13

US industry insider says small business to suffer most from additional tariffs

Small businesses not only in the United States but across the whole world will suffer from additional tariffs that the United States threatened to put on Chinese imports, US industry insider has said.
Source: Xinhua | 2019/8/9 11:16:43

Huawei to continue challenging constitutionality of US ban

China's tech giant Huawei said Thursday it will continue to challenge the constitutionality of the latest US ban on agencies from purchasing the company's telecom gears.
Source: Xinhua | 2019/8/9 10:42:13

NE China province sees growing trade with B&R countries

The foreign trade of northeast China's Heilongjiang Province with Belt and Road countries totaled 75.4 billion yuan (about 10.7 billion US dollars) in the first half of this year, a year-on-year increase of 25.45 percent, the provincial department of commerce said Thursday.
Source: Xinhua | 2019/8/9 10:36:55

Chinese built railway praised for facilitating transportation, boosting Ethiopia's trade

Berhane Haileyesus is excited to board the Chinese built 756 kms Ethiopia-Djibouti electrified rail line even though he has been a regular customer of the rail service ever since it was commissioned in January 2018.
Source: Xinhua | 2019/8/9 10:25:41

Ethiopia earns $142 mln in exports from Chinese built industrial parks: report

Ethiopia has earned 142 million US dollars in export value from Chinese built industrial parks, an Ethiopian official said on Thursday.
Source: Xinhua | 2019/8/9 10:22:52

World Bank's portfolio in Nigeria among largest in Africa: official

The World Bank's portfolio in Nigeria was among the largest in the entire African region with a cost of about 11 billion US dollars, a senior bank official disclosed on Thursday.
Source: Xinhua | 2019/8/9 10:10:54

Economists see increased likelihood of US entering recession due to trade-related uncertainties: report

The likelihood of the United States entering an economic recession in the next 12 months has increased to 35 percent in an August survey with economists, compared with 31 percent previously, Bloomberg News reported Thursday.
Source: Xinhua | 2019/8/9 10:09:01

China's NetEase notches solid gains on strong second-quarter earnings

China's internet technology giant NetEase saw big gains in its Nasdaq-listed stock throughout Thursday trading, after the company reported robust corporate earnings for the second quarter (Q2) on late Wednesday night.
Source: Xinhua | 2019/8/9 10:03:30

Japan's economy grows annualized 1.8 pct in April-June quarter

Japan's economy grew an annualized real 1.8 percent in the April-June quarter, the government said in a report on Friday.
Source: Xinhua | 2019/8/9 10:00:29

Global high-tech products to debut at China's 2nd import expo

A number of tech companies have announced their plans to launch new high-tech products during the upcoming second China International Import Expo (CIIE) slated to take place this November in Shanghai.
Source: Xinhua | 2019/8/9 9:19:09

China's foreign trade expands steadily amid mounting challenges

China's foreign trade maintained steady expansion in the first seven months of this year amid mounting domestic and external challenges.
Source: Xinhua | 2019/8/9 9:09:02

Russian watchdog investigates Apple for suspected unfair competition

Russia's anti-monopoly watchdog on Thursday decided to investigate US technology company Apple for suspected "abuse of dominant market position."
Source: Xinhua | 2019/8/9 8:59:54

London stays on top thanks to RMB internationalization

London now represents nearly half of all RMB foreign exchange trading, according to a report published today.
Source: Global Times | 2019/8/9 1:58:45

Huawei rolls out Plan B amid US pressure

China urged the US to stop its unfair and discriminatory treatment of Chinese firms following the US government moves to ban on Wednesday federal purchases of telecommunications equipment from five Chinese companies amid the protracted China-US trade war.
Source: Global Times | 2019/8/8 23:08:40

Daya Bay a dependable electricity source for Hong Kong

The Daya Bay Nuclear Power Station in South China's Guangdong Province has been steadily providing electricity to the Hong Kong Special Administrative Region (HKSAR) for 25 years, making a great contribution to Hong Kong's development, economy and the environment.
Source: Global Times | 2019/8/8 22:30:45