BUSINESS >> Economy

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

World Economic Forum MENA 2019 calls for collaboration to face regional challenges

Participants in the World Economic Forum on the Middle East and North Africa (MENA) 2019 concluded on Sunday, calling on stakeholders to increase collaboration on social, economic and climate issues to address regional challenges.
Source: Xinhua | 2019/4/8 8:06:56

Digital trade to drive China's future growth

China's digital trade, which has been driven by the country's technological breakthroughs and the rise of its e-commerce giants, is set to contribute more to the nation's economic growth and foreign trade in the future, industry analysts said.
Source: Global Times | 2019/4/7 22:43:43

China-US trade deal only 'a matter of time' but last-minute changes still possible

A mix of optimism and prudence on a deal to put an end to the China-US trade war was expressed in China over the weekend as top trade negotiators from the two sides concluded their latest round of talks in Washington.
Source: Global Times | 2019/4/7 22:38:40

China, EU may split on joint statement as market access, industrial policy remain points of difference

China and the EU may not agree on a joint statement after the summit in Brussels next week as the EU perceives China is no longer merely a partner, and the continent does not want an agreement with China to get in the way of its positions for the key agenda of the upcoming G20 Summit, industry insiders said.
Source: Global Times | 2019/4/7 21:58:40

East China university begins recruiting AI majors this September

The prestigious Zhejiang University in East China's Zhejiang Province, a manufacturing and commercial hotspot, began an undergraduate recruitment program for its new artificial intelligence (AI) major, domestic news site thepaper.cn reported on Sunday.
Source: Global Times | 2019/4/7 20:53:39

China's new report to affect various aspects of daily life including overdue water, phone bills

China is set to release an updated version of its personal credit report as part of the country's broader efforts in strengthening its social credit system. The report, which will cover almost every aspect of daily life, including overdue water and phone bills and spouse information, will become a "second ID and invisible resume" for citizens, analysts said.
Source: Global Times | 2019/4/7 20:38:40