BUSINESS >> Economy

Xinjiang manufacturer rush socks to the US amid tariff threats

On Sunday afternoon at a textile industrial park in Aksu, Northwest China's Xinjiang Uyghur Autonomous Region, factories were closed for their one-day weekend, yet a few remain open. Among them is Aksu Hengchang Textile Ltd. Inside one of the company's workshops, six employees were packaging newly made socks.
Source: Global Times | 2019/6/17 1:10:02

China pursues broad levels of investment cooperation with Kyrgyzstan, Tajikistan

China has signed memoranda of understanding to establish investment and industrial cooperation work teams with Kyrgyzstan and Tajikistan, a significant move for China to enhance levels of cooperation and expand space for cooperation with the two countries, according to a statement on the website of China's Commerce Ministry on Sunday.
Source: Global Times | 2019/6/16 20:53:40

FDI into China surges 150 times in 37 years

China's use of overseas capital has surged by about 150 times during the past 37 years, while outbound non-financial foreign direct investment (FDI) rose about 45 times during the period, data published by the National Bureau of Statistics (NBS) showed on Sunday.
Source: Global Times | 2019/6/16 20:53:40

Niche BRI countries become travel hot spots for Chinese tourists

There was a time when most Chinese travelers' interests in overseas destinations were restricted to a few countries like Japan, South Korea, the US and several European developed countries.
Source: Global Times | 2019/6/16 19:31:40

California wines face long-term market loss in China due to trade frictions

The wine businesses in the US state of California, accounting for 90 percent of the country's total wine exports, are concerned about the long-term market loss in China as a result of the US-initiated trade war against China.
Source: Xinhua | 2019/6/16 17:02:47

India's retaliatory tariffs on 28 American goods take effect

India's new tariffs on 28 American goods in a retaliatory measure to Washington's recent refusal to exempt it from higher steel and aluminum tariffs came into effect from Sunday, official sources has confirmed to Xinhua.
Source: Xinhua | 2019/6/16 11:32:17

China sees prices of 36 major capital goods decline

China saw 36 major capital goods monitored by the government post lower prices in early June compared with the previous 10 days, data showed.
Source: Xinhua | 2019/6/16 10:27:52

FT commentator says attack on China "is the wrong war"

"Today's attack on China is the wrong war," chief economics commentator at the Financial Times (FT) Martin Wolf has said, warning against framing relations with China as a zero-sum conflict.
Source: Xinhua | 2019/6/15 14:22:55

US tourism industry worried by loss of Chinese visitors

As the year 2018 witnessed the first decline in the number of Chinese visitors to the United States in 15 years, the American travel and tourism industry is worrying about the prospect of losing more business from China amid protracted bilateral trade tensions.
Source: Xinhua | 2019/6/15 14:06:58

Shandong sees robust trade with SCO countries

East China's Shandong Province has seen robust trade with member countries of the Shanghai Cooperation Organization, statistics from Qingdao customs showed.
Source: Xinhua | 2019/6/15 12:11:56

Chinese vice premier calls for creating sound environment for small banks

Chinese Vice Premier Liu He has called for efforts to create a sound institutional environment for the healthy development of small and medium-sized banks.
Source: Xinhua | 2019/6/15 11:36:01

US Chamber of Commerce reiterates opposition to tariffs on Chinese imports

The US Chamber of Commerce, a major lobbying organization in the country, on Friday reiterated opposition against the White House to impose additional tariffs on imports from China, as tariffs hurt American businesses, the economy and consumers.
Source: Xinhua | 2019/6/15 11:33:37

Short-term pain without long-term gain, economists say of Trump tariffs

The Trump administration has touted the "long-term gain" from its tariff measures targeting trading partners worldwide, arguing that the "short-term pain" to the US economy is worth it, but most economists don't think so, according to the latest Wall Street Journal survey.
Source: Xinhua | 2019/6/15 10:37:41

Chinese economy stays resilient in May on consumption growth

The Chinese economy stayed resilient in May as the leading growth engine of consumption picked up expansion pace.
Source: Xinhua | 2019/6/15 10:20:33

China's leading online education platform eyes underserved markets

China Online Education Group, which provides online English language training via the platform 51Talk, is poised to deepen its presence in underserved markets in China.
Source: Xinhua | 2019/6/15 9:39:58

China launches probe into FedEx for misrouting Huawei documents to US

Chinese authorities sent an inquiry letter to US courier service FedEx on Friday for its alleged misconduct in misrouting Huawei documents to the US, signaling the official launch of the probe on this matter, the Xinhua News Agency reported on Friday.
Source: Global Times | 2019/6/14 20:26:11

Retail sales drive China's economic growth in May despite trade war

China's economy has been progressing steadily in May despite the lingering trade war, led by an 8.6-percent year-on-year increase in retail sales.
Source: Global Times | 2019/6/14 18:48:40

Competitive devaluation potential outcome of trade war: former central bank governor

The trade war may trigger competitive currency devaluation in many countries which could lead to chaos in global financial order, former central bank governor Zhou Xiaochuan warned on Friday.
Source: Global Times | 2019/6/14 17:53:40