BUSINESS >> Economy

US Fed leaves interest rates unchanged amid trade concerns

The US Federal Reserve on Wednesday left key interest rates unchanged amid concerns about trade tensions between the United States and its trading partners.
Source: Xinhua | 2018/8/2 7:57:08

Reforms key to economic stability

"In some sectors, implementation of polices is lagging behind as China shifts from high-speed growth to high-quality growth," Wan said, noting that the market is more demanding now than ever and requires more skillful policy implementations.
Source: Global Times | 2018/8/1 21:43:22

Luckin Coffee plans fast expansion to face off Starbucks

Luckin Coffee, a domestic chain seen as an emerging rival of Starbucks in the Chinese market, on Wednesday announced its plan to expand to 2,000 stores by the end of this year.
Source: Global Times | 2018/8/1 21:18:39

Chinese OEMs hard to replace for US firms

It will be difficult for US sportswear brands to find original equipment manufacturers (OEM) as satisfying as those in China over the short term, traders and experts told the Global Times, saying that it's important to bolster domestic sportswear brands' efforts in going global.
Source: Global Times | 2018/8/1 21:13:40

India vows to attract more Chinese tourists

India will set up soon a tourism office in Beijing in a bid to attract more Chinese visitors, according to a report by Indian paper Economic Times, which cited Indian Minister of Tourism K.J. Alphons.
Source: Global Times | 2018/8/1 21:13:40

Yantai abandons bid for German toolmaker Leifeld, anticipating veto

The main owner of German toolmaker Leifeld said that China's Yantai Taihai had dropped its attempt to buy the company ahead of an expected veto by the German government, and that he now planned to float a majority stake in the company this year.
Source: Reuters-Global Times | 2018/8/1 20:53:39

China Tower raises $6.9b in offering in HK: sources

China Tower Corp has raised $6.9 billion after pricing its IPO at the bottom of an indicative range, four people close to the deal said on Wednesday, in the world's biggest listing in two years.
Source: Reuters | 2018/8/1 20:43:39

Manufacturing growth slows

China's manufacturing sector grew at the slowest pace in eight months in July, a private survey showed on Wednesday.
Source: Agencies – Global Times | 2018/8/1 20:33:39

Investment in UK start-up

Internet technology company NetEase announced plans to invest $50 million in new shares in UK-based technology company Improbable, along with the purchase of some existing shares, taking a small stake in the company.
Source: Global Times | 2018/8/1 20:23:40

China to set up internet court in Beijing

China is preparing to set up an internet court in Beijing to explore the capital's role in promoting the development of the internet economy and innovation, safeguarding internet safety and building the internet's governing system, news website fawan.com reported.
Source: Global Times | 2018/8/1 20:13:39

First home interest rates increase for 18th straight month

Chinese cities are further tightening real estate transactions by raising the lending rate or curbing home sales, moves expected to stabilize the domestic property market, according to an analyst.
Source: Global Times | 2018/8/1 19:23:40

China tops FDI pledge to Nepal for third year

China pledged the largest foreign direct investment (FDI) to Nepal three years in a row as the Himalayan country received China's pledge of $427 million in the last fiscal year 2017-18 that concluded in mid-July, Nepal's Department of Industry (DoI) said on Tuesday.
Source: Xinhua-Global Times | 2018/8/1 19:23:40

China strengthens imports of rare resources

The government is stepping up efforts to import resources, particularly those which are lacking in China, experts said.
Source: Global Times | 2018/8/1 19:23:40

Pakistan pushes back against criticism of CPEC​​​

Pakistani officials and experts have pushed back against criticisms of the China-Pakistan Economic Corridor (CPEC), describing recently raised concerns about projects under the program as “propaganda” based on false information intended to undermine the close cooperation between China and Pakistan.
Source: Global Times | 2018/8/1 19:18:40

China tops FDI pledges to Nepal three years in a row

China pledged the highest foreign direct investment (FDI) to Nepal three years in a row as the Himalayan country received China's pledge of 427 million US dollars in last fiscal year 2017-18 that concluded in mid-July, Nepal's Department of Industry (DoI) said on Tuesday.
Source: Xinhua | 2018/8/1 14:03:53

CIIE, an important global event: Irish minister

The upcoming China International Import Expo (CIIE) is an important global event that demonstrates China's intention to further open its market and to promote international trade and cooperation, said Heather Humphrey, Irish Minister for Business, Enterprise and Innovation.
Source: Xinhua | 2018/8/1 7:36:22

Foreign firms set to enter third-party payment sector

Foreign third-party payment institutions are one step closer to entering the Chinese market, after the central bank publicized the application of the country's first third-party payment license covering internet and mobile phone payment for foreign companies on its website.
Source: Global Times | 2018/7/31 21:23:40

MIIT chastises companies over data privacy

The Ministry of Industry and Information Technology (MIIT) launched an investigation on the use of personal data by some internet companies, according to a statement published on the MIIT's website on Tuesday, signaling growing concern on privacy issues in China.
Source: Global Times | 2018/7/31 21:23:39