BUSINESS >> Economy

Hong Kong beefs up effort to tackle housing woes

Hong Kong authorities and associations are stepping up efforts to tackle the city's housing woes. By plotting more housing projects and proposing more affordable houses for the youth, the Hong Kong SAR government looks to find a solution for this deep-rooted economic problem that is behind the recent social turbulence in the city.
Source: | 2019/9/27 15:01:14

China's rapid growth to create win-win for most countries: white paper

China's central government published a white paper titled "China and the World in the New Era" on Friday, a policy document outlining China's meteoric economic development in the past 70 years, its growing contributions to the world peace and growth, and the country's significant role to play in an evolving world where opportunities and challenges loom large.
Source: | 2019/9/27 16:15:08

China starts first 5G smart travel system at Daxing airport

Chinese companies have launched the world's first 5G-supported application in the aviation sector at the newly-inaugurated Beijing Daxing International Airport, a move mirroring China's leading position in pushing forward 5G commercialization.
Source: Global Times | 2019/9/26 17:03:40

China, EU on track for BIT by 2020

China and the EU are on track to reach a comprehensive bilateral investment treaty (BIT) by 2020, as the two sides are making “positive” progress and accelerating their negotiations, fueled by rising urgency created by the US' trade protectionism against both Beijing and Brussels.
Source: Global Times | 2019/9/26 21:48:40

Third batch of frozen pork set for release to stabilize market supplies, prices

China late on Thursday announced plans to release the third 10,000-ton batch of state pork reserves into the market, to further stabilize supplies and tame prices, which have soared due to outbreaks of African swine fever (ASF).
Source: Global Times | 2019/9/26 21:28:40

Beijing takes cautious tone ahead of next round of high-level talks in Washington

Chinese officials have been adopting a cautious tone toward upcoming trade negotiations with US officials, as Washington has ratcheted up its criticism of China's trade policies and appeared to be walking back from its earlier conciliatory stance toward the talks.
Source: Global Times | 2019/9/26 21:03:41

Beijing to set up blacklist for construction industry to improve credit information

China will establish a blacklist for market entities in the construction industry to promote the building of a credit information platform, a measure analysts said should be deployed in accordance with the improvement of social credit.
Source: Global Times | 2019/9/26 19:53:39

China eyes global energy ties to ensure supplies

Energy development has been a highlight of China's achievements over the past 70 years. Starting from low production levels and serious structural problems, the country has grown into a major global energy power that is striving to promote international cooperation and provide its own energy solutions to ensure a stable international energy supply.
Source: Global Times | 2019/9/26 19:28:40

Huawei's founder calls for more tolerance, trust of 5G

Huawei's founder and CEO Ren Zhengfei called for more tolerance and trust toward emerging new technologies, following US government crackdown on the company's 5G technology.
Source: Global Times | 2019/9/26 16:01:52

China releases 2nd 10,000 tons of frozen pork reserves, stabilizing market supply

China on Thursday released a second 10,000 tons of state pork reserves into the market, a week after its first release, in a move to further stabilize market supply and tame prices which have soared due to the outbreak of African swine fever.
Source: Global Times | 2019/9/26 15:38:40

Stable system shields nation from global economic crises

China has achieved an economic miracle any other country would envy during 40 years of reform and opening-up - from stunning growth rates to a global economic powerhouse that ranks second in GDP and first in trade.
Source: Global Times | 2019/9/26 0:33:40

China responds to US goodwill gesture with purchase of farm goods

China has moved swiftly in responding to the latest goodwill gesture from the US by encouraging Chinese companies to buy a “certain amount of” US soybeans, pork and other products, as part of an effort by both sides to create positive vibes for ongoing trade negotiations.
Source: Global Times | 2019/9/25 22:48:41

MOF announces $702m of treasury bonds in Hong Kong

China's Ministry of Finance (MOF) announced on Wednesday the successful issuance of 5 billion yuan ($701.77 million) in treasury bonds in Hong Kong.
Source: Global Times | 2019/9/25 22:28:40

Mainland travelers skip HK for Golden Week: agencies

The Hong Kong Special Administrative Region (HKSAR), now suffering from violent protests and unrest, is losing favor with an increasing number of tourists from the Chinese mainland, surveys of travel services showed.
Source: Global Times | 2019/9/25 20:30:37

Alibaba's semiconductor division unveils first AI chipset

Chinese e-commerce giant Alibaba unveiled its first artificial intelligence (AI) inference chipset, the most powerful so far, on Wednesday, a move that analysts believe shows the company is pursuing cutting-edge technologies amid the nation's drive for technology independence.
Source: Global Times | 2019/9/25 19:33:40

Maiden flight of China Southern Airlines departs from Beijing Daxing International Airport

The maiden flight of China Southern Airlines, A380, departed from the Beijing Daxing International Airport at 16:23 on Wednesday to Guangzhou, capital of South China's Guangdong Province, marking the official start of operation of the new airport.
Source: Global Times | 2019/9/25 16:33:47

Beijing opens second international airport

Chinese President Xi Jinping on Wednesday announced the official operation of the Beijing Daxing International Airport, a mega airport in the south of Beijing, China's new gate to the world.
Source: Global Times | 2019/9/25 12:36:49

China top contributor to global growth

China, the largest contributor to global economic growth, is expected to insist on opening-up and further promote trade and investment liberalization to remain a driving force of the world economy, analysts said on Tuesday.
Source: Global Times | 2019/9/24 22:53:40