BUSINESS >> Economy

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

Zhangzidao loss not unusual for risky industry: experts

Experts said that an unexpected loss reported by Zhangzidao Group Co, an aquatic products company, reflected a “normal phenomenon” in the highly risky aquaculture industry.
Source: Global Times | 2018/2/5 22:08:40

Figuratively Speaking

950,000 People lifted out of poverty in 2017 in South China's Guangxi Zhuang Autonomous Region, the Xinhua News Agency reported, citing the regional government.
Source: Global Times | 2018/2/5 22:08:39

Crackdown on 'financial innovation'

China's foreign exchange regulator said on Monday it will crack down this year on foreign exchange irregularities that are conducted under the guise of financial innovation.
Source: Reuters-Global Times | 2018/2/5 21:53:40

China Unicom, Nokia plan tie-up

Nokia and China Unicom are to deploy a cloud-native core network based on Nokia's AirGile technology in seven Chinese provinces, US-based globenewswire.com said Monday.
Source: Reuters – Global Times | 2018/2/5 21:53:40

Automaker FAW's exports boom

Chinese automaker First Automobile Works Group (FAW) exported 40,000 vehicles in 2017, up 92.7 percent from the previous year, the Xinhua News Agency said Monday.
Source: Agencies | 2018/2/5 21:53:39

JD.com Inc expanding in Europe

JD.com Inc plans to challenge Amazon in Europe as early as 2019, aiming to be ubiquitous across the continent within “a few years”, the Financial Times reported Monday, citing Liu Qiangdong, the group's founder and chief executive.
Source: Agencies | 2018/2/5 21:48:41

Leshi says $890m of debts due this year; shares slump by limit

Leshi Internet said about 5.62 billion yuan ($890 million) of its debt falls due by the end of this year, almost two-thirds of the company's total loans and liabilities, sending its shares down for a ninth day.
Source: Reuters-Global Times | 2018/2/5 21:48:40

Okay Airways seeks foreign carriers' investment

Privately owned Okay Airways is inviting foreign airlines to take a stake as it prepares for a possible stock market listing in the Chinese mainland between 2020 and 2021, the company's president said on Monday.
Source: Reuters-Global Times | 2018/2/5 21:48:40

Shenzhen attractive to talent as govt uses policy to foster start-ups

China's first special economic zone, Shenzhen, may have surpassed its neighbor Hong Kong in GDP thanks to its creativity and favorable policies.
Source: Global Times | 2018/2/5 21:33:39

China to rein in overseas virtual currency trading

China's central bank said it will tighten regulations on domestic investors' participation in overseas transactions of "initial coin offerings" (ICOs) and virtual currency as risks are still high in the sector.
Source: Xinhua | 2018/2/5 14:44:07

Urbanization rate still rising

About 58.52 percent of China's population lived in cities by the end of 2017, with the country's urbanization continuing, the Xinhua News Agency reported on Sunday, citing the latest data from the National Bureau of Statistics (NBS).
Source: Reuters-Global Times | 2018/2/4 22:18:40

Datong needs to do more to foster local culture as tourism could replace waning local mining industry

Datong, a city in North China's Shanxi Province, offers an insight into the country's economic transformation process. After decades when its main focus was on mining, the city's once vast coal resources have become depleted. The coal revenues funded growth in the local real estate market, with most of the areas surrounding the city's older districts now occupied by high-rises. But the development of the tourism industry, something for which the locals have high hopes, has not yet delivered the expected results.
Source: Global Times | 2018/2/4 22:13:39

Strong yuan worries exporters, robust external demand boosts confidence

The yuan has continued its rising trend in 2018 and a domestic trader told the Global Times on Sunday that he feared it might soon cause negative effects for his exporting business.
Source: Global Times | 2018/2/4 22:08:40

Figuratively Speaking

5.36tr yuan Forecast for capital under management online in 2018, up from 3.15 trillion yuan ($499.7 billion) in 2017, media reports said.
Source: Global Times | 2018/2/4 20:31:36

Making headlines

The Caixin/Markit services Purchasing Managers' Index (PMI) for January is scheduled to be released on Monday.
Source: Global Times | 2018/2/4 20:28:39

No recovery seen yet in China-SK travel relations

Chinese tourism connections with South Korea look dim for the Chinese Spring Festival later this month, with tours to South Korean destinations still suspended by China's leading travel agencies.
Source: Global Times | 2018/2/4 20:23:40

Foton further expands in Philippines

China's leading bus manufacturer Foton Motor Group has broken into the Philippine automotive industry's list of top 10 performers, according to a report by the Philippine news site inquirer.net on Wednesday.
Source: Global Times | 2018/2/4 20:23:40