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."


Looking for work

Job seekers look for opportunities at an employment fair in Huai'an, East China's Jiangsu Province on Thursday.
Source: Global Times | 2019/10/10 20:33:40

United Auto Workers union pushes GM to boost US auto production

The United Auto Workers (UAW) union's top negotiator in talks with General Motors Co (GM) to resolve a more than three-week strike said on Tuesday a key issue separating the two sides is job security.
Source: Reuters-Global Times | 2019/10/10 16:13:40

Volvo, Geely to merge engine units

Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engines. It marks the latest example of consolidation in the engine manufacturing sector as tighter emissions rules hike development costs at a time when the expansion of electric cars calls into question the long-term demand for gas guzzlers.
Source: Reuters-Global Times | 2019/10/10 16:08:40

Beijing's new airport completes its largest airspace adjustment

The navigational intelligence for China's new Beijing Daxing International Airport came into effect at 2 am on Thursday. More than 200 air routes and over 4,000 flight routes have been adjusted nationwide, forming a brand-new airspace operating environment, which is also the largest-ever scale of airspace adjustment in China.
Source: Global Times | 2019/10/10 14:13:40

China maintains world's largest courier delivery volume

China's courier delivery business volume remained in the world's number one spot for a fifth straight year in 2018, an official said Wednesday.
Source: Xinhua | 2019/10/10 11:50:58

China-Europe freight train adds new route to Belgium

The eastern Chinese city of Yiwu, home to the world's leading small commodities market, opened a new freight train route to Belgium's Liege on Wednesday.
Source: Xinhua | 2019/10/10 7:49:36

Will NBA's downfall be CBA's windfall?

As the US National Basketball Association (NBA) risks being severed from the Chinese mainland market for good, China's domestic basketball teams, the companies that supply their products and the media outlets that cover them have an opportunity to reform and transform themselves into something bigger and better, and fill the void left by the NBA, Chinese analysts and industry insiders said on Wednesday.
Source: Global Times | 2019/10/9 22:35:50

Industry urges more measures to end violence as Hong Kong stock turnover slips

Hong Kong's financial industry, a major driver of the local economy, has stumbled amid the unrest that has swept across the city, prompting industry insiders to call for harsher measures in addition to the new anti-mask law to end violence, restore social order and rebuild market confidence.
Source: Global Times | 2019/10/9 21:48:40

New ban by Washington to have limited impact on Chinese tech sector

Chinese technology companies that have just been blacklisted by the US said the ban will have a limited impact because they are prepared to guarantee supply while strengthening independent research and development.
Source: Global Times | 2019/10/9 21:33:41

US' crackdown on Chinese IPOs 'no surprise'

It is no surprise that the US would crack down on Chinese companies that plan to get listed there, as the country leverages its position as the world's No.1 economy to exclude fast-growing economies like China, a financial expert said.
Source: Global Times | 2019/10/9 21:28:40

Galaxy Fold may enter China in November

Samsung's foldable smartphone Galaxy Fold may be available in China by November 1, commencing the race of foldable devices in the country.
Source: Global Times | 2019/10/9 20:47:01

Singapore companies seek Chinese partners

The total exhibition area of Singaporean companies at next month's China International Import Expo (CIIE) will increase by 12 percent from last year, while the number of exhibitors from Singapore will slightly rise, Singapore Business Federation Chairman Teo Siong Seng said on Wednesday.
Source: Global Times | 2019/10/9 20:46:52

Helping the harvest

Workers are seen at an agricultural machinery production line in Lianyungang, East China's Jiangsu Province on Wednesday. Factories are stepping up production to ensure that machinery is ready for the fall harvest. Photo: IC
Source: Global Times | 2019/10/9 20:18:40