BIZ

China exporting more submarines


China's exported submarines are relatively cheap but offer advanced technology, and designs for some of their features could be modified to meet customers' requirements, making them more competitive in the global market, an expert said Thursday.


China exporting more submarines

China's exported submarines are relatively cheap but offer advanced technology, and designs for some of their features could be modified to meet customers' requirements, making them more competitive in the global market, an expert said Thursday.
Source: Global Times | 2017/4/27 23:13:41

Trade, investment cooperation robust along Belt and Road

Trade and investment cooperation between China and countries along the Belt and Road has been smooth and robust this year, a commerce ministry official said Thursday.
Source: Xinhua | 2017/4/27 22:20:27

China Development Bank to loan billions in Xiongan New Area

China Development Bank (CDB), a state-owned policy bank, said on Thursday that it will provide loans of 130 billion yuan (18.9 billion US dollars) to support the development of Xiongan New Area.
Source: Xinhua | 2017/4/27 22:18:56

Unicom cuts roaming fees

Telecom giant China Unicom said on Thursday that it will cut international roaming fees in countries and regions along the route of the "One Belt, One Road" initiative starting on May 1, according to a statement on the company's website.
Source: Xinhua-Global Times | 2017/4/27 21:53:41

Industrial profits grow in March

Major industrial companies continued to post double-digit growth in March, adding to signs of a stabilizing Chinese economy, official data showed Thursday.
Source: Xinhua-Global Times | 2017/4/27 21:48:41

Individual investible assets No.2 in world

The value of China's individual investible assets reached 126 trillion yuan ($18.28 trillion) in 2016, 1.7 times the country's gross national product, ranking second in the world in terms of scale, according to a report jointly released by Industrial Bank Co and global consulting firm BCG on Thursday.
Source: Global Times | 2017/4/27 21:48:41

Cooperation pays off with Q1 gains in trade, investment, MOFCOM says

China's economic and trade cooperation with countries and regions along the route of the "One Belt, One Road" (B&R) initiative gained momentum in the first quarter of 2017, China's Ministry of Commerce (MOFCOM) said on Thursday ahead of the B&R Summit Forum that's scheduled for Beijing in May.
Source: Global Times | 2017/4/27 21:48:41

Initiative lifts Cambodia village

Sihanoukville port, once an impoverished part of Cambodia's southwestern Preah Sihanouk Province, has grown into a prosperous city like the innovation hub of Shenzhen, South China's Guangdong Province, the People's Daily reported Wednesday.
Source: Global Times - People's Daily | 2017/4/27 21:23:41

Blueprint for better future

Editor’s Note: The Xiongan New Area, which was announced on April 1 by the Central Committee of the Communist Party of China and the State Council, is about 100 kilometers southeast of Beijing, and it will span three counties (Xiongxian, Rongcheng and Anxin) that sit at the center of the triangular area formed by Beijing, Tianjin and Shijiazhuang, Hebei's provincial capital. After speculative investors rushed to Xiongan to buy housing in early April, local governments announced restrictions to stabilize the property markets, which have achieved certain effects. So far, at least 40 centrally administrated State-owned enterprises have vowed to support the development of the new economic zone and companies in sectors like infrastructure and transportation will be the first to enter Xiongan. Although currently underdeveloped, Xiongan has large growth potential in the near future.
Source: Global Times | 2017/4/27 20:08:41

China gas output ranks sixth in the world

China is now the sixth biggest natural gas producer in the world, three places higher than in 2007, according to the Ministry of Science and Technology on Thursday.
Source: Xinhua | 2017/4/27 20:06:08

Environmental protection shares buoy market

Chinese mainland stocks edged up slightly on Thursday on strength in environmental protection shares after Chinese Premier Li Keqiang voiced support the previous day for spending more to fight pollution
Source: Global Times | 2017/4/27 19:38:41

Touting tech

An exhibition visitor tries out a virtual reality headset at GMIC 2017 in Beijing on Thursday. The exhibition, showcasing the latest high-tech products and innovations, has attracted a number of speakers, most of whom are domestic business leaders.
Source: IC | 2017/4/27 19:38:41

US Congress may seek 1-week extension to avert shutdown

The US Congress inched toward a deal to fund the government through September but was preparing to possibly extend a midnight Friday deadline to wrap up negotiations and avoid an imminent government shutdown.
Source: Reuters | 2017/4/27 19:33:41