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."


Indebted businessman Jia Yueting's monthly income was $93,810 before filing bankruptcy

Embattled Chinese businessman Jia Yueting's recent financial situation has been exposed, following the news of his filing for personal bankruptcy in the US. Jia's monthly income was roughly $93,810 over the past six months.
Source: Global Times | 2019/10/17 13:03:40

China cuts $6.8b in US Treasuries in August, hitting a record low since May 2017

China decreased its holdings of US Treasury securities by $6.8 billion in August down to $1.104 trillion, hitting a record low since May 2017. It remains the second-largest creditor of the US after Japan, according to data released by the US Department of the Treasury on Wednesday.
Source: Global Times | 2019/10/17 11:24:15

Dior's map of China omits the island of Taiwan, angering Chinese people

Well-known cosmetics brand Dior has issued a Chinese statement apologizing for one of its staff members displaying a map of China that omitted the island of Taiwan at a company recruitment event on Wednesday. Following the apology, Chinese net users urged the brand to make an apology on foreign social media platforms.
Source: Global Times | 2019/10/17 10:55:30

Huawei sees faster revenue growth in first three quarters of 2019 despite US ban

Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26 percent year-on-year, despite a US ban that hurt its ties with US suppliers, the company said in financial results released on Wednesday.
Source: Global Times | 2019/10/16 20:53:40

Local governments in China get strong push to reform

At a moment of mounting challenges from external friction and internal structural transition, there are good opportunities for local governments in China to carry out reforms, something that the central government is also pursuing with all of its strength, experts said on Wednesday.
Source: Global Times | 2019/10/16 21:58:40

China gears up to guarantee food security via information technology

Local governments in China have strengthened efforts to employ information technology to advance modern food industry management, aiming to further guarantee the country's food security, officials and industry representatives told the Global Times on Wednesday.
Source: Global Times | 2019/10/16 21:38:40

Nanjing expo features latest in remote sensing, drones

A mapping drone is on display at the 9th China Surveying Mapping and Geoinformation Technology Equipment Expo in Nanjing, East China's Jiangsu Province on Wednesday. Drones, unmanned ships, satellite applications, remote-sensing images, solar cells, telescopes and thousands of the latest products with state-of-the-art technology in the surveying and mapping industry are being displayed at the expo. Photo:VCG
Source: VCG | 2019/10/16 20:58:40

Tougher cargo transport security leads to surge in truckers' freight rates

After the recent viaduct collapse in Wuxi, East China's Jiangsu Province that killed three people and injured two, which was caused by alleged overloading trucks, the cargo transportation industry is raising rates as penalties for overloading have been enhanced.
Source: Global Times | 2019/10/16 20:43:41

More bond-market access for foreign firms

China's central bank on Wednesday unveiled new rules to facilitate foreign investment in the interbank bond market, the latest in a flurry of efforts to reduce barriers to entry in the nation's financial markets.
Source: Global Times | 2019/10/16 20:36:19

Pipeline ready to transmit natural gas to China from Russia on December 1

Construction was completed on Wednesday on the northern part of the China-Russia east route natural gas pipeline, which will be used to provide China with 5 billion cubic meters of natural gas from Russia in the first year starting on December 1, according to China's top oil and gas company.
Source: Global Times | 2019/10/16 20:18:41

Flying into the future

A full-scale flight simulator of China's domestic C919 wide-body passenger plane is showcased at an expo at high-tech hub Zhongguancun in Beijing
Source: Global Times | 2019/10/16 19:43:40

Consumers show real doubts about Jinzi Ham's artificial meat

Artificial meat can't replace real meat in the short term as the technology isn't mature, although there's a need for it in the market amid food security and health issues, a Chinese expert said.
Source: Global Times | 2019/10/16 18:57:02

Revealed: How Many Private Customers Have Preordered Russia's Aurus Brand Luxury Cars

Aurus, a new family of premium-class Russian automobiles first unveiled at last year's presidential inauguration, has received extensive interest from private individuals, companies and governments.
Source: Sputnik | 2019/10/16 18:41:29