BUSINESS >> Economy

China urges US to stop damaging its interests, calling for win-win cooperation

China on Monday urged the United States to immediately correct wrongdoings and stop actions damaging its rights and interests, calling on the two major countries to "follow the right path of win-win cooperation, rather than go astray toward conflict and confrontation."
Source: Xinhua | 2018/10/9 9:21:07

Impact of trade friction on Chinese economy controllable: official

China is capable of achieving the major economic targets for 2018 and the influence of China-US trade friction on the Chinese economy is controllable, Ning Jizhe, deputy head of China's National Development and Reform Commission, the country's economic planner, said on Monday.
Source: Global Times | 2018/10/8 23:18:40

Chinese tourism spending helps offset trade war effects: experts

Chinese people's ever-growing appetite for travel could help offset the downward pressure brought by the China-US trade war, experts said on Monday.
Source: Global Times | 2018/10/8 23:08:44

Malaysia to sell durians to Chinese market

Malaysian planters are looking forward to exporting fresh durians to China, durian plantation advisor Lim Chin Khee has said.
Source: Xinhua | 2018/10/8 22:23:39

US tariffs push China, Japan closer: experts

With the relationship between China and Japan warming up in recent months, the two Asian economies are now keen on building closer ties in new industries such as vehicles and batteries, which industry insiders said would give full play to the advantages of both and protect them against global uncertainty.
Source: Global Times | 2018/10/8 22:18:40

China to raise export rebate rate of some goods to 16% amid trade war

China's export rebate rate for some goods will be raised to 16 percent from the current levels of 15 percent and 13 percent effective November 1, China National Radio reported on Monday, citing a meeting of the State Council, the country's cabinet.
Source: Global Times | 2018/10/8 21:08:40

Unemployment in California city declines sharply thanks to BYD's auto factory

The unemployment rate of Lancaster, California has fallen from 24 percent to 4 percent since construction of a factory for Chinese electric vehicle maker BYD started there in 2013, said Lancaster Mayor R. Rex Parris Saturday.
Source: Global Times | 2018/10/8 21:08:39

Chinese services sector expands in September

China's services sector grew at its fastest clip in three months in September on improved demand, a private survey showed on Monday, though sentiment worsened as firms started shedding jobs following two years of expansion while rising cost pressures pointed to a squeeze on profit margins.
Source: Reuters-Global Times | 2018/10/8 18:33:40

China to adopt more proactive fiscal policy: finance minister

China's finance minister said the country will adopt a more proactive fiscal policy but will not resort to a deluge of strong stimulus policies.
Source: Xinhua-Global Times | 2018/10/8 18:33:39

China's RRR cut to help promote liquidity in the housing market

Chinese central bank's latest effort to cut the reserve requirement ratio (RRR) will help provide more liquidity in the property market, which is expected to maintain stable growth and advance the country's real economy, experts said on Monday.
Source: Global Times | 2018/10/8 18:28:40

S.Korean financial firms to tighten loan standard for households in Q4

South Korean financial companies planned to tighten loan standard for households in the fourth quarter of this year as the government unveiled measures to control speculative investment in the real estate market, central bank survey showed Monday.
Source: Xinhua | 2018/10/8 13:45:28

Vietnam to keep on tightening monetary policy

Vietnam's central bank will likely continue its tightened monetary policy in the fourth quarter of this year after its decision to strictly control lending to high risk sectors in the third quarter did not adversely affect the country's economic growth, according to local experts.
Source: Xinhua | 2018/10/8 13:00:00

Mainland shares open lower after National Day holidays

The Chinese mainland stock markets edged down at opening time on Monday morning, the first trading day after the National Day holidays, as influence from plunging external markets prevails.
Source: Global Times | 2018/10/8 10:06:37

Russians won't face restricted use of US dollar: finance minister

Russia's de-dollarization plan for its economy does not mean restricted use for Russians of the US dollar, Finance Minister Anton Siluanov told Russia's Rossiya-1 TV channel on Sunday.
Source: Xinhua | 2018/10/8 8:35:27

China to adopt more proactive fiscal policy: finance minister

China's finance minister said the country will adopt a more proactive fiscal policy but will not resort to a deluge of strong stimulus policies.
Source: Xinhua | 2018/10/8 8:34:20

More senior Chinese use mobile payment overseas: Alipay

More senior Chinese citizens are using mobile payment in overseas consumption, according to statistics released by leading Chinese online payment platform Alipay.
Source: Xinhua | 2018/10/8 8:29:37

China to cut reserve requirement ratio, with monetary policy unchanged

The People's Bank of China (PBOC) decided on Sunday to cut the reserve requirement ratio (RRR) for RMB deposits by one percentage point starting from Oct. 15, but the stance of China's monetary policy remains unchanged.
Source: Xinhua | 2018/10/8 8:19:10

Israeli exports to China jump by 62.7 pct in first 8 months of 2018

The export of Israeli goods to China surged 62.7 percent in the first eight months of the year compared with the same period in 2017, according to Foreign Trade in Goods report published Sunday by the state's Bureau of Statistics.
Source: Xinhua | 2018/10/8 8:17:37