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."


Heavy-duty transmission producer Shaanxi Fast Auto sets records

China's major heavy-duty auto transmission producer Shaanxi Fast Auto Drive Group Co achieved sales of 750,000 units, a year-on-year increase of 6.6 percent, in the first three quarters of the year.
Source: Global Times - Xinhua | 2019/10/17 21:03:40

China-India JV powers electric buses

In August 2013, when a K9 electric bus made by Chinese automaker BYD first arrived Chennai, India, local customs registered it as a test vehicle due to a lack of knowledge about how much tax should be levied.
Source: Global Times - Xinhua | 2019/10/17 20:58:40

Macao authorizes feasibility study of yuan-denominated securities market: official

The government of the Macao Special Administrative Region (SAR) has employed a global consultancy to study the establishment of a yuan-denominated securities exchange, Leong Vai Tac, director of the Department of Economy and Finance of Macao, told a meeting on Thursday.
Source: Global Times | 2019/10/17 20:33:30

China's pork production recovers and likely back to normal level next year: analyst

The outbreak of African swine fever (ASF) has stabilized in China, relevant policies and measures have resulted in the recovery of hog production, and the situation is improving, said officials of the Ministry of Agriculture and Rural Affairs (MOARA) on Thursday.
Source: Global Times | 2019/10/17 20:29:43

Hunan takes down all P2P services

All peer-to-peer (P2P) online lending platforms in Central China's Hunan Province - including 24 that had failed to pass regulatory reviews - have been taken down, according to a government statement released on Wednesday.
Source: Global Times | 2019/10/17 20:27:17

Loading up the bus

Quay cranes load containers onto “Marine Bus” ships at Yantai International Container Terminal in East China's Shandong Province on Thursday.
Source: Global Times | 2019/10/17 20:23:40

Europe accelerates 5G rollout

5G has now moved from hype to reality in Europe.
Source: Global Times | 2019/10/17 19:33:40

US to create favorable conditions for Chinese agricultural purchases: MOFCOM

China will increase purchases of US agricultural goods, to facilitate the signing of a phase-one trade deal with US, said Ministry of Commerce (MOFCOM) spokesperson Gao Feng on Thursday.
Source: Global Times | 2019/10/17 18:08:40

Huawei opens 4G chipset sales to compete with Qualcomm, others

Huawei's in-house semiconductor company HiSilicon has announced that it has begun to sell its 4G chip, the Balong 711, on the open market for the first time.
Source: Global Times | 2019/10/17 17:09:35

Sunrise and Huawei establish first 5G joint innovation center in Europe

Coordinating with Huawei, its strategic partner, Sunrise pioneered the introduction of the 5G network in Europe. By operating the initial 5G project in Europe, the two companies are strongly committed to providing 5G applications for both private and public sectors. The joint innovation center aims to assist Switzerland forging its 5G ecosystem. Meanwhile, in Opfikon (Switzerland), the headquarters of Sunrise, both the companies will enable the 5G application scenarios which have been previously launched or are about to be commercially applied.
Source: Global Times | 2019/10/17 15:13:40

China's food self-sufficiency a blessing to world

China is expected to consume 700 billion kg of food in 2020, while the total volume of the global food trade is only about 400 billion kg a year.
Source: Xinhua | 2019/10/17 15:01:00

Chinese bank joins UN push to scale up investment for sustainable development

The UN announced Wednesday that 30 global business leaders, including the Industrial and Commercial Bank of China (ICBC), will work together over the next two years to free up trillions of dollars to finance the Sustainable Development Goals (SDGs).
Source: Xinhua | 2019/10/17 14:28:53

24 P2Ps taken down in Hunan Province

A total of 24 peer-to-peer (P2P) online lending platforms in Central China's Hunan Province have been taken down as they did not conform to related regulations, according to a government statement on Wednesday.
Source: Global Times | 2019/10/17 13:57:14