BIZ

IMF chief hails progress in China-US trade talks, urges "trade peace"


International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday hailed the progress made in the latest round of China-US trade talks as "extremely good news," urging the world to grasp the opportunity to achieve "a trade peace."


China's fixed-asset investment growth up 5.4 pct

China continued to see steady growth in fixed-asset investment (FAI), boosted by robust high-tech investment, in the first three quarters of 2019, official data showed Friday.
Source: Xinhua | 2019/10/19 9:44:18

Q3 GDP rises 6%, within target range

China's GDP grew by 6.0 percent year-on-year in the third quarter, a 27-year low amid the impact of a bruising trade war with the US and other downward pressure. The figure is still within the annual target set by policymakers, and analysts forecast that this year's GDP growth rate will fall within the range as more stimulus measures kick in and economic potential further unfolds.
Source: Global Times | 2019/10/18 19:13:40

Sunrise, Huawei jointly achieved first commercial 5G 3D network deployment in Europe

Huawei and Sunrise, the leading Swiss operator, have jointly announced the successful achievement of the first commercial 5G three-dimensional network in Europe.
Source: Global Times | 2019/10/18 17:38:40

IMF chief hails progress in China-US trade talks, urges "trade peace"

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday hailed the progress made in the latest round of China-US trade talks as "extremely good news," urging the world to grasp the opportunity to achieve "a trade peace."
Source: Xinhua | 2019/10/18 14:49:12

Huawei welcomes Germany govt's approach on 5G network vendors

Chinese technology giant Huawei said on Wednesday it welcomed "the move the German government has taken to create a level playing field for 5G network vendors."
Source: Xinhua | 2019/10/18 12:22:40

China, Mauritius sign free trade agreement

China and Mauritius signed a free trade agreement (FTA) here Thursday, the first FTA between China and an African country, according to the Ministry of Commerce (MOC).
Source: Xinhua | 2019/10/18 11:27:11

China's success proves Western development model "by no means the only option": scholar

China's "splendid success" in economic growth and poverty alleviation in the past 70 years proves that the Western development model "is by no means the only option," a scholar in the United States has said.
Source: Xinhua | 2019/10/18 11:10:48

China's Q3 GDP growth slows to 6.0% to hit a 27-year low, still within target range

China's GDP grew 6.0 percent in the third quarter of 2019, touching a 27-year low amid the impact of a bruising trade war with the US and other downward pressure. But the number is still within the annual target range set by policymakers, and analysts forecast that the GDP growth rate will rebound in the fourth quarter as more stimulus measures kick in and economic potential further unfolds.
Source: Global Times | 2019/10/18 10:45:47

China's Q3 GDP grew 6.0%, and 6.2% Jan-Sept, within target range

China's GDP grew 6.0% in Q3, hitting a 27-year low. It translated to a growth rate of 6.2%? from Jan to Sep. The number is still within the annual target range of 6%-6.5% set by policymakers.
Source: Global Times | 2019/10/18 10:02:06

Winter's closing in

A view of Heihe Port in Northeast China's Heilongjiang Province on Thursday. As the weather gets colder, the Heilongjiang River at the China-Russia border is about to close for the winter. A large amount of goods have to be transported to Prague Wishensk City in Russia before the port is closed. Photo: VCG
Source: VCG | 2019/10/17 21:38:40

Hong Kong construction union freezes salaries for first time since 2007

The Hong Kong Construction Industry Employees General Union (HKCIEGU) announced plans to freeze the salaries of 15 engineering professions including concrete and reinforcement fixing, the first such action in 10 years, as the ongoing riots have dealt a huge blow to the city's businesses, Hong Kong media reported.
Source: Global Times | 2019/10/17 21:23:40

Q3 GDP growth rate forecast to slow to 6.1%

With China scheduled to release GDP data for the third quarter on Friday, experts forecast that growth likely slowed to 6.1 percent, mostly due to the performance of exports and retail consumption.
Source: Global Times | 2019/10/17 21:18:40

China cuts $6.8b in US Treasuries in August, hitting a record low since May 2017

China cut its holdings of US Treasury securities by $6.8 billion in August to $1.1035 trillion, the lowest level since May 2017, a move that experts said was aimed at diversifying the country's foreign reserves and preventing risks amid the trade war with the US.
Source: Global Times | 2019/10/17 21:08:41