BUSINESS >> Economy

South China's Guangdong sets new target for economic growth this year

South China's Guangdong Province is set to achieve 6 percent to 6.5 percent in economic growth this year, said Governor Ma Xingrui Monday.
Source: Xinhua | 2019/1/28 13:59:06

China-Australia trade growth slows as bilateral political discord takes bite

The growth of Australia's trade with China shrank by more than two-thirds in 2018 amid strained political ties, and analysts said on Sunday it remains to be seen how bilateral trade will perform in 2019.
Source: Global Times | 2019/1/27 20:36:53

China's inflationary pressure expected to be subdued in 2019

There's a low chance of inflation in China this year and although the producer price index (PPI) may increase in the first quarter of the year, it may eventually taper off later, an expert said on Saturday.
Source: Global Times | 2019/1/27 20:23:40

Hainan to further open up

South China's Hainan Province aims to advance a high-level open economy in 2019 through further opening up an array of sectors to foreign capital, local news site hinews.cn reported over the weekend. The province will further open up sectors including seeds, medical treatment, education, tourism and finance, and ease restrictions on foreign shareholders' equity ratios and market access in related industries, the report said.
Source: Global Times | 2019/1/27 20:18:40

Provincial links to database

Public data from provincial and city governments of Southwest China's Guizhou Province will be connected to the Guizhou-Cloud Big Data Industry Co, the operator of Apple's iCloud service in China, the Xinhua News Agency reported on Sunday.
Source: Global Times | 2019/1/27 20:18:40

Holiday preparations

Rural residents in Fengjia township, East China's Shandong Province crowd around dozens of street vendors who are selling goods for the upcoming Spring Festival. China's Lunar New Year, also the Year of the Pig, will fall on February 5. Photo: VCG
Source: VCG | 2019/1/27 19:48:39

ABB to be Shanghai's next key project after Tesla as local government pushes forward investment plan

Many more overseas companies will follow in the steps of Tesla to set up plants in Shanghai once they see how the US carmaker benefits from the city's policy bonus, as the Shanghai municipal government opens markets to overseas investors with the continuous launch of new policies, experts said on Sunday.
Source: Global Times | 2019/1/27 19:31:51

Cooperation, inclusion, AI and re-skilling, key words from 2019 WEF Davos Meeting shape future trend of the world

The 2019 World Economic Forum (WEF) Annual Meeting wrapped up on Friday in the snow-covered town of Davos in Switzerland.
Source: Xinhua | 2019/1/27 18:58:39

China's former securities regulatory head Liu Shiyu moves to farm supply cooperative group

Liu Shiyu, the former head of the China Securities Regulatory Commission (CSRC), who was replaced by the former governor of Industrial and Commercial Bank of China Yi Huiman on Saturday, will serve as the deputy Party secretary of the All-China Federation of Supply and Marketing Cooperatives (ACFSMC).
Source: Global Times | 2019/1/27 18:08:39

Making Huawei a 'political case' hurts foreign carriers, markets: industry officials

Countries banning foreign players from local markets are yielding to political pressures, which will eventually hurt the interests of local businesses and jeopardize market fairness, officials and industry representatives said in commenting on the war on China's Huawei Technologies.
Source: Global Times | 2019/1/27 15:35:35

All you need to know about former CSRC head's new department: China's supply and marketing cooperatives

Liu Shiyu, the former head of the China Securities Regulatory Commission (CSRC), who was replaced by the governor of Industrial and Commercial Bank of China Yi Huiman on Saturday, will serve as the deputy Party secretary of the All-China Federation of Supply and Marketing Cooperatives (ACFSMC).
Source: Global Times | 2019/1/27 14:38:39

Central Chinese cities pose strong growth potential: report

Central Chinese cities hold the most promising prospects for growth and business thanks to quickening urbanization and industrial development, reported a British think tank.
Source: Xinhua | 2019/1/27 7:31:48

New Zealand to join WTO talks on e-commerce rules

New Zealand will participate in negotiations to establish global e-commerce trade rules at the World Trade Organization (WTO), Minister for Trade and Export Growth David Parker said on Saturday.
Source: Xinhua | 2019/1/26 21:36:26

China says not fair to erect barriers against enterprises based on speculation

The Chinese Mission to the European Union (EU) said Friday that setting up barriers against certain companies based on speculation is unfair and defies basic global trade rules.
Source: Xinhua | 2019/1/26 19:39:14

Veteran banker to lead China Securities Regulatory Commission

The chairman of Industrial and Commercial Bank of China (ICBC), Yi Huiman, has been appointed head of the China Securities Regulatory Commission (CSRC), to replace Liu Shiyu, Xinhua News Agency said on Saturday.
Source: Global Times | 2019/1/26 17:24:09

PBOC unleashes fresh capital via RRR cut for inclusive financing

China's central bank has injected more money into the market via a targeted cut of the reserve requirement ratio (RRR) for inclusive financing.
Source: Xinhua | 2019/1/26 9:41:30

China confident, capable of keeping economic growth within appropriate range in 2019: premier

Chinese Premier Li Keqiang said Friday that the country has full confidence and capability to keep economic growth rate within an appropriate range in 2019 despite challenges.
Source: Xinhua | 2019/1/26 8:26:01

Chinese company buys 60 pct stake in Peru port: newspaper

COSCO Shipping Ports Ltd has reached an investment agreement with a Peruvian polymetallic miner to acquire 60 percent of its stake in a terminal project for 225 million US dollars, China Daily reported Friday.
Source: Xinhua | 2019/1/25 15:15:21