BUSINESS >> Economy

Trump may exempt Mexico, Canada from US tariffs on steel, aluminum

The White House said Wednesday that President Donald Trump may exempt Canada, Mexico and other countries from stiff tariffs on imports of steel and aluminum that he is expected to sign this week.
Source: Xinhua | 2018/3/8 14:16:44

Eurozone growth in 2017 finally put at 2.3 pct

The economy of the 19-member eurozone grew at 2.3 percent year on year in 2017, slightly lower than the previous estimate of 2.5 percent, official data revealed on Wednesday.
Source: Xinhua | 2018/3/8 10:03:57

US Energy Secretary: US to export more natural resources, technology

Besides energy export, the United States is willing to share its technology and innovation with other countries, US Energy Secretary Rick Perry said on Wednesday in Houston in the state of Texas.
Source: Xinhua | 2018/3/8 8:18:56

IMF chief warns of serious impact from US duties on steel

International Monetary Fund boss Christine Lagarde on Wednesday warned that the economic impact of US new tariffs on imported steel and aluminum would generate serious impact on global trade and economy.
Source: Xinhua | 2018/3/8 8:05:57

US trade deficit rises to over 9-year high in January

US trade deficit increased to the highest level in more than nine years in January, suggesting the Donald Trump administration's America First trade policy was unlikely to close the trade gap.
Source: Xinhua | 2018/3/8 8:03:42


“There are some financial institutions that have complex ownership backgrounds, unclear capital supply and a lack of professional standards, which could pose financial risks.” Li Xiaopeng A member of the 13th National Committee of the Chinese People's Political Consultative Conference and chairman of China Everbright Group
Source: Global Times | 2018/3/7 22:18:40

China to advance real estate tax legislation

China is drafting a real estate tax law, and debate on important issues and internal consultations are underway, a senior official said on Wednesday.
Source: Global Times | 2018/3/7 22:18:40

Standard Chartered hails China's opening-up progress

China's active measures to further open up the banking sector and streamline administration offer great encouragement for foreign banks, Standard Chartered told the Global Times on Wednesday.
Source: Global Times | 2018/3/7 22:18:40

World reacts angrily to Trump tariff plan, retaliation against US likely

US President Donald Trump's call for tariffs on steel and aluminum imports as well as his rhetoric about the need for such a move has triggered threats of tit-for-tat retaliation measures from the EU, Canada, Mexico and Brazil, sparking growing concerns that a full-blown global trade war could be coming.
Source: Global Times | 2018/3/7 22:13:40

Daimler welcomes Geely

Daimler CEO Dieter Zetsche on Tuesday welcomed Geely chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC agrees.
Source: Reuters-Global Times | 2018/3/7 21:48:40

Local govt debt risks manageable

China will fend off systematic risks to the economy with a proactive fiscal policy that will remain the same as last year but target a lower deficit-to-GDP ratio, China's finance minister said on Wednesday.
Source: Global Times | 2018/3/7 20:13:39

China to strengthen financing support for Belt and Road Initiative

China will strengthen financing and tax support to better serve the Belt and Road Initiative, a deputy finance minister said on Wednesday.
Source: Xinhua | 2018/3/7 14:28:33

China's proactive fiscal policy stance "unchanged" despite lower deficit-to-GDP ratio target

The proactive direction of China's fiscal policy remains the same for 2018 despite a lower deficit-to-GDP ratio target, Chinese finance minister said Wednesday.
Source: Xinhua | 2018/3/7 10:32:26

China can forestall systemic risks: finance minister

China is confident of fully forestalling systemic risks, the country's financial minister said in Beijing Wednesday, voicing firm stance on debt control.
Source: Xinhua | 2018/3/7 9:52:00

Turkey, EU agree to move together at WTO against US's steel tariffs

Turkey and the European Union have decided to move together at the World Trade Organization (WTO) platform against the United States' planned tariffs on steel and aluminium imports, Turkish Economy Ministry announced on Tuesday.
Source: Xinhua | 2018/3/7 9:07:30

US Treasury Secretary supports steel and aluminum tariffs

US Treasury Secretary Steven Mnuchin said Tuesday he is "supportive" of President Donald Trump's plan of imposing tariffs on imported steel and aluminum, downplaying the trade war fear.
Source: Xinhua | 2018/3/7 8:26:20

Foreign capital gets fair play

China will broaden market entry for foreign investors and provide a fair competition environment for both domestic and overseas enterprises, the country's top economic planner vowed Tuesday.
Source: Global Times | 2018/3/6 21:23:39


“Leverage has been contained effectively, but cleaning up and rectifying structured asset management products takes time.” Liu Xinhua A deputy to the 13th National People's Congress and former vice chairman of the China Securities Regulatory Commission
Source: Global Times | 2018/3/6 22:08:40