BIZ

Yiwu entrepreneurs outsmart Trump tariffs


Entrepreneurs in Yiwu, East China's Zhejiang Province, who are particularly adept at overseas trade, are using such tactics as small-volume exports and shifting the focus of their trade to fend off the blows of rising tariffs on exports to the US.


Financial opening-up, reforms to move forward despite trade war: expert

Chinese securities regulators launched on Thursday a NASDAQ-style sci-tech innovation board, a breakthrough that experts said is aimed at promoting the country's technological power and supporting efforts by domestic companies in research and innovation amid the US suppression of China's technological development.
Source: Global Times | 2019/6/13 23:23:40

China restricts developed regions from 'mining' talent from central, western areas

The Chinese central government issued a guideline on Wednesday, restricting China's developed regions from drawing talent from the northeast, central and western regions through one-sided measures such as promising high salaries and special benefits.
Source: Global Times | 2019/6/13 23:14:39

NZ feels impact of uncertainty as travel from China wanes

New Zealand's tourism sector is feeling the pain with a 21-percent decline in Chinese arrivals in April amid the uncertainty of the country's political relationship with China due to its wavering stance toward Huawei.
Source: Global Times | 2019/6/13 23:03:40

Relations with Kyrgyzstan, Tajikistan show steady progress

China's trade and economic relations with Kyrgyzstan and Tajikistan are steadily progressing and Beijing expects to reach cooperation agreements with the two Central Asian countries in sectors such as investment, trade, agriculture, technology, culture and tourism, Chinese officials said on Thursday.
Source: Global Times | 2019/6/13 22:58:40

Huawei fighting back as it makes breakthrough amid US crackdown across the globe

Huawei will soon help launch commercial 5G service in 15 cities across Spain by teaming up with local carrier Vodafone Spain. While the Chinese technology giant is gaining more territory in the global 5G arena, it has been also actively fighting back against the global crackdown led by Washington from both the legal and product perspectives.
Source: Global Times | 2019/6/13 22:53:40

US recklessness could trigger major recession, financial crisis: experts

The China-US trade war may be just between two countries, but its implications will be global and if it continues to escalate and expand, it could trigger a major recession and global financial crisis more severe than the one in 2008, top Chinese experts warned on Thursday.
Source: Global Times | 2019/6/13 22:48:40

China will fight to end if US keeps escalating trade frictions: MOC

"China will fight to the end if the United States continues to escalate trade frictions," the Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2019/6/13 20:54:38

US luxury brands shunned by Chinese buyers

US luxury brands are feeling the pain from a fall in tourist spending from China because of the trade war, and they could face further challenges from European rivals in the Chinese market, an expert said on Thursday.
Source: Global Times | 2019/6/13 20:23:40

Foreign exchange market remains stable, to keep expanding: PBC

China has maintained a stable foreign exchange rate and will steadily improve the opening of its financial market, as well as promote the liberalization of cross-border trade and investment, Pan Gongsheng, deputy governor of the People's Bank of China (PBC), said at the Lujiazui Forum on Thursday.
Source: Global Times | 2019/6/13 20:13:41

China Mobile launches first 5G procurement plan week after getting license

The nation's telecoms industry kicked off official 5G construction within a week after receiving commercial licenses issued by the government, and the era of 5G is fast approaching, experts said on Thursday.
Source: Global Times | 2019/6/13 20:08:40

Carmakers in innovation race at CES Asia

Automakers from around the world competed to showcase future cars equipped with innovative technologies including artificial intelligence (AI), virtual reality (VR) and 5G at CES Asia 2019 in Shanghai in a bid to meet consumers' changing needs.
Source: Global Times | 2019/6/13 17:23:40

Commentary: China's trade growth strong enough to resist external pressure

Though faced with trade barriers set up by the United States, China's foreign trade remained steady, showing its ability to handle external headwinds.
Source: Xinhua | 2019/6/13 17:03:01

International rules are not a puppet in the hands of US politicians

In the eyes of some US politicians, the world is a theater of monodrama for America, while the international rules are just a puppet in their hands. In this monodrama, it is the United States that decides how the story goes.
Source: People's Daily | 2019/6/13 16:58:31