BUSINESS >> Economy

European manufacturers to become main force of CIIE equipment exhibitors amid US-China trade war

While there were still some US companies showing up at an exhibitors and buyers matchmaking event in Shanghai on Thursday, European manufacturers seem to have become the main force among equipment exhibitors for the second China International Import Expo (CIIE) against the background of the escalating US-China trade battle.
Source: Global Times | 2019/8/8 22:29:47

China, Japan to restart strategic talks after seven years suspension

The Chinese Foreign Ministry announced on Thursday that China will hold a new round of strategic dialogue with Japan after a seven-year hiatus of the bilateral talks, covering a wide range of topics.
Source: Global Times | 2019/8/8 22:18:40

Nation's top internet watchdog solicits public opinion on app collection of personal information

The nation's top internet watchdog said it is soliciting public opinion on the proposed regulation of collection of personal information by apps, to better protect users' personal information.
Source: Global Times | 2019/8/8 22:03:40

India-Pakistan trade suspension increases regional tension: experts

The suspension of bilateral trade between India and Pakistan could hurt businesses in both countries, but most importantly it will increase the tension in the region, experts warned on Thursday.
Source: Global Times | 2019/8/8 21:23:40

CR Express reduces empty cargo cars on European routes

China's state-owned railway operator said on Wednesday that the container utilization rate of China Railway Express (CR Express), or freight trains shuttling between China and Europe, has been increasing significantly over the past two years as the country put an emphasis on high-quality development.
Source: Global Times | 2019/8/8 20:38:40

US may fall further in ranks of China's trading partners: experts

China's overall foreign trade expanded steadily in the first seven months of the year, with a 4.2 percent year-on-year increase, while trade with the US declined, customs data showed Thursday.
Source: Global Times | 2019/8/8 20:13:40

Yuan's midpoint reference weaker than 7 for first time since 2008, may drop further: analysts

China's central bank has set the official midpoint reference for the yuan weaker than 7 per US dollar for the first time since 2008.
Source: Global Times | 2019/8/8 18:48:40

Rise in capacity, decline in popularity for HK airport

Hong Kong International Airport (HKIA) has long been regarded as one of the top airports in the world in terms of services. However, as the riots in Hong Kong expand, the airport has been silent regarding protesters, shocking the public.
Source: Global Times | 2019/8/8 18:23:40

New services, deals

Boeing has said it is hosting pilots, engineers and technical leaders from China's largest airlines for another series of open discussions about the 737 MAX this week. This is the second round of meetings pertaining to the 737 MAX issue since the model was grounded by the Chinese regulator in March.
Source: Global Times | 2019/8/8 18:13:40

Yangjiang nuclear station put into full use to feed demand for cleaner energy in Greater Bay Area

The world's biggest light pressurized water reactor nuclear station, built by the China General Nuclear Power Group (CGNPG), has been put into commercial operation, according to a statement sent to the Global Times on Thursday.
Source: Global Times | 2019/8/8 18:08:40

Sprint to launch Chinese-made OnePlus 5G smartphone in US

Sprint Corp said on Tuesday it would launch a 5G smartphone made by OnePlus, becoming the second US wireless carrier after T-Mobile to offer a cell phone made by the Chinese company.
Source: Reuters-Global Times | 2019/8/8 11:11:41

Indonesia woos millennials

Indonesia's push to cut its reliance on foreign funds to fill the widening current-account gap has prompted it to chase a new and growing source of funding — digitally savvy millennials.
Source: Reuters-Global Times | 2019/8/8 11:08:40

Yuan's midpoint reference weaker than 7 for first time since 2008, may drop further

China's central bank has set the official midpoint reference for the yuan weaker than 7 per US dollar for the first time since 2008.
Source: Global Times | 2019/8/8 11:05:34

US labeling China currency manipulator meets opposition, worries markets

The United States labeling China a currency manipulator following the weakening of the Chinese yuan (CNY) is an action opposed by US market players and scholars and has rattled markets.
Source: Xinhua | 2019/8/8 10:14:04

More investment to enter Chinese stock markets despite yuan depreciation

Despite a slowdown of overseas capital inflows into A-shares caused by factors such as the yuan's depreciation, Chinese stocks will be of great interest to foreign investors in the long run, thanks to the country's still astonishing economic growth, experts said on Wednesday
Source: Global Times | 2019/8/7 21:33:40

China's foreign reserves show slight decline in July due to yuan depreciation: SAFE

China's foreign currency reserves fell by $15.54 billion to $3.1037 trillion in July, data from the State Administration of Foreign Exchange (SAFE), China's foreign exchange regulator, showed on Wednesday.
Source: Global Times | 2019/8/7 21:13:40

China can break US containment amid trade war: experts

At a seminar held by the China Society of Macroeconomics under the National Development and Reform Commission on Wednesday, experts condemned the new round of tariff increases, saying it would not only harm the US but also bring new uncertainties to the world economy.
Source: Global Times | 2019/8/7 20:35:11

China mulls ending import tariff quotas on three types of edible oils

China may end import tariff quotas for rapeseed oil, soybean oil and palm oil, a move an expert said is intended to encourage domestic companies to broaden their import channels and categories to ease the nation's dependence on soybean imports, particularly from the US.
Source: Global Times | 2019/8/7 18:58:40