BIZ

CPI rises to seven-month high, indicating reasonable inflation and economic resilience


China's September CPI indicates a “moderate inflation” trend that reflects China's “economic tenacity,” experts told the Global Times on Tuesday.


Asia shares nose dive to 19-month lows

Share markets in Asia plunged to a 19-month low on Thursday after Wall Street's worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising dollar yields.
Source: Reuters-Global Times | 2018/10/11 19:43:41

US-China trade war to cripple World growth

International Monetary Fund (IMF) Managing Director Christine Lagarde warned countries against engaging in both trade and currency wars, saying these would hurt global growth and imperil “innocent bystanders” on Thursday.
Source: Reuters-Global Times | 2018/10/11 19:43:40

China's BYD wins bid to supply electric vehicles to largest private bus operator in Vancouver, Canada

Chinese electric automaker BYD has won the bids to supply vehicles to the largest private bus operator in Vancouver, Canada, said the company on Wednesday.
Source: Xinhua | 2018/10/11 18:17:52

Low-cost Norwegian crowns transatlantic routes

Norwegian Air Shuttle has overtaken British Airways (BA) as the biggest non-US airline on transatlantic routes to and from the New York area, in the latest illustration of the low-cost carrier's move into British Airways territory.
Source: Reuters-Global Times | 2018/10/11 17:38:39

New services, deals

Hainan Airlines adopts Airbus' A350 for flights from Beijing to Shanghai starting from Friday, and it is the first time for the company to fly with an A350.
Source: Global Times | 2018/10/11 17:33:39

Chinese e-commerce firms vow to safeguard consumers' interests

Ten of China's major e-commerce companies signed a commitment on Wednesday to safeguard consumers' rights and interests.
Source: Xinhua | 2018/10/11 14:12:31

The Ritz-Carlton, Guangzhou redefines elegance

Completing the first phase of its deluxe rooms' facelift in time for its 10th anniversary this year, the Ritz-Carlton, Guangzhou unveils its latest addition of stylish premium rooms in October.
Source: Global Times | 2018/10/11 10:23:40

U.S. stocks close sharply lower amid rising rates fears

U.S. stocks closed sharply lower on Wednesday as rising rate fears and tech share sell-off rattled the market.
Source: Xinhua | 2018/10/11 9:34:16

Reported changes at JLR's plant for long-term profitability: company

The reported two-week shutdown of one of Jaguar Land Rover (JLR)'s plants and the adoption of a three-day work week at another factory is a decision based on the automaker's long-term profitability considerations to improve overall operations, a spokesperson of the UK-based automaker told the Global Times on Wednesday.
Source: Global Times | 2018/10/10 22:58:42

BMW to open a third joint venture factory in China amid trade tensions

BMW Brilliance Automotive, the German automaker's Chinese joint venture, will open a third plant in Shenyang, capital of Northeast China's Liaoning Province soon, making the company the first beneficiary after China eased foreign ownership limits in the auto industry, according to a statement on the website of the State Council, the country's cabinet, on Wednesday.
Source: Global Times | 2018/10/10 22:58:41

China to push SOE reform from guideline level to practical level: experts

The government's recent pledge to put reform of domestic State-owned enterprises (SOEs) in a "central position" shows the country's determination to build a market-oriented economy, experts said on Wednesday.
Source: Global Times | 2018/10/10 22:53:40

China issuing US dollar bonds amid rising trade tensions: report

China will reportedly sell $3 billion worth of US dollar-denominated bonds on Thursday, a move that experts said if successful, would showcase global investors' confidence in China's financial system.
Source: Global Times | 2018/10/10 22:33:41

Peddling false accusations of China cyberattack won't help the US in technological race: experts

Media reports suggesting that China tries to gather US intelligence and data from a supply chain attack do not hold water and will not help the US in its competition with China in the global IT supply chain, Chinese cybersecurity experts said.
Source: Global Times | 2018/10/10 22:28:44