BIZ

Plan to make Shenzhen a 'model' city also an answer to US trade aggression, HK situation


Four decades ago, a small fishing village started groundbreaking reform and opening-up policies that changed the fate of China. Today, Shenzhen in South China's Guangdong Province is a technology powerhouse that's being asked once again to lead the country into a new era of high-quality growth.


China makes solemn representations over new US tariffs in phone call with US trade negotiators

Chinese Vice Premier Liu He was invited by the US side to take part in a phone conversation with US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on the trade issues between the two countries on Tuesday.
Source: CGTN | 2019/8/14 0:14:14

US delays tariffs as China, US trade negotiators hold phone call

Chinese experts said the sudden postponing of impending tariffs showed that the maximum pressure tactics of the US are losing their bite when it comes to China.
Source: Global Times | 2019/8/13 23:49:01

China, Russia may step up 5G cooperation amid US pressure

Russia is reportedly considering implementing 5G networks with 4.4-4.99 GHz bandwidth, which is used only in China and Japan. Industry insiders say Russia's choice of bandwidth may deepen the cooperation on 5G between China and Russia amid the US crackdown on China's 5G technology.
Source: Global Times | 2019/8/13 22:48:41

Oil tanker bears crude from Oman to Zhejiang

The Liberian-flagged crude oil tanker with a capacity of 300,000 tons named Syfnos is seen at Zhoushan port in East China's Zhejiang Province on Monday. According to Zhoushan Customs, the tanker will unload 248,207 tons of Oman crude oil at the port. China is the largest importer of Oman oil. Photo: VCG
Source: VCG | 2019/8/13 22:48:41

Shanghai rolls out new measures to attract more foreign companies

The Shanghai municipal government on Tuesday announced 30 new measures to relax investment restrictions and provide facilities for transnational corporations to establish headquarters.
Source: Global Times | 2019/8/13 22:38:40

HK residents shouldn't miss China's global rise

For both leisure and work assignments, I have been on the road – or more precisely in the air – for the past few weeks, travelling from Asia to Europe to Africa. While the endless flight hours and constant changes in time zones were a challenge, what really bothered me throughout my journey was one question: When many around the world draw inspiration from China's success story, why are some in Hong Kong trying to destroy it rather than preserving it? After all, they are also Chinese and they should be part of that story.
Source: Global Times | 2019/8/13 22:28:40

Turmoil shakes HK airport's hub status

The chaos caused by demonstrators at the Hong Kong International Airport (HKIA), if not handled expeditiously and properly, will make the airport lose its premium status as an international hub, analysts told the Global Times on Tuesday.
Source: Global Times | 2019/8/13 21:33:39

Labeling China as currency manipulator will hurt US in the end: experts

Chinese experts on Tuesday criticized US' move to label China as a currency manipulator, saying that the decision will hurt the US in the end.
Source: Global Times | 2019/8/13 20:28:40

Chinese consumer confidence remains strong in Q2 amid growing downward pressure

Chinese consumer confidence remains strong, despite rising downward economic pressure and growing external uncertainties, as a quarterly survey by global measurement and data analytics company Nielsen indicates unchanged consumer confidence.
Source: Global Times | 2019/8/13 20:23:40

More developers voice support for HKSAR govt

An increasing number of Hong Kong-based real estate companies are voicing their support for the special administrative region's government and opposition to violent protests, raising alarm over the devastating impact the unrest will have on the local economy.
Source: Global Times | 2019/8/13 19:23:40

Mainland, Taiwan-based producers benefit as Huawei transfers orders from Flex

Chinese tech giant Huawei is transferring its manufacturing orders from Flex to other suppliers including Foxconn and Wingtec after cutting ties with the US original equipment manufacturer, industry sources told the Global Times on Tuesday.
Source: Global Times | 2019/8/13 19:03:40

Zendai suspends P2P business, affecting 28,000 investors

Zendai Wealth Management suspended its online lending business from Tuesday, affecting 28,000 investors who will likely get nothing back, media reported on Tuesday.
Source: Global Times | 2019/8/13 17:51:24

HSBC at a crossroads as Huawei issue remains, Hong Kong unrest continues

The shock exit of two high-level HSBC executives within a week, including its top executive and the head of key China business, has put the 150-year-old, London-based banking giant under public scrutiny and mounting speculations.
Source: Global Times | 2019/8/13 16:43:40