BIZ

Chinese firms race to upgrade amid trade war with US


Chinese manufacturing companies are under pressure to speed up their industrial upgrading as the ongoing trade dispute between China and the US is squeezing the profitability of low added-value products.


China, Singapore to promote bilateral cooperation, safeguard multilateral trading system

China and Singapore on Wednesday agreed to promote bilateral cooperation and jointly safeguard multilateral trading system.
Source: Xinhua | 2018/9/20 8:38:55

Protectionism big challenge for global trade: Mexico official

The growing protectionism in the world is a big challenge for global trade and economy, Mexican official said Wednesday.
Source: Xinhua | 2018/9/20 8:33:17

Hillhouse raises $10.6b

Hillhouse Capital, an investor in top Chinese technology companies including Tencent and Baidu, has closed its latest funding round at $10.6 billion, it said, making it the region's biggest private equity capital raising.
Source: Reuters-Global Times | 2018/9/19 23:01:10

Tencent music offering

Tencent Music Entertainment Group, China's biggest music-streaming company, has halved the amount it is seeking to raise in a US listing to about $2 billion, according to three people close to the deal.
Source: Reuters-Global Times | 2018/9/19 23:01:10

Public-sector deleveraging goes forward during H1, report shows

Leverage in China's State-owned sector continued to drop in the first half of 2018, while debt rates of private companies and households rose, according to a quarterly report published on Tuesday. Experts said the government will strengthen efforts to prop up the real economy and lower costs in the private sector.
Source: Global Times | 2018/9/19 22:58:41

Technological innovation will boost Belt and Road initiative: experts

Big data showed that the China-proposed Belt and Road initiative (BRI) has made solid progress in increasing connectivity among member countries and regions, and officials and experts noted that technological innovation will take the initiative to the next stage.
Source: Global Times | 2018/9/19 22:58:40

Indian rupee's plunge shows validity of China's yuan policies: experts

The pace and direction of China's approach to reform is a good reference point for many emerging countries like India, whose currencies have been hit hard by the strengthening US dollar recently, Chinese experts said on Wednesday.
Source: Global Times | 2018/9/19 22:53:42

Trade war won't drag on foreign investment in China

Negotiations are the ultimate solution for the escalating trade tensions between the world's two largest economies, while the potential harm caused by tariffs won't hinder US firms' further presence in the Chinese market, officials and entrepreneurs said.
Source: Global Times | 2018/9/19 22:48:45

Decline in China's Treasury holdings 'can be warning to US'

China's holdings of US Treasury securities have declined in recent months, which can be a warning to Washington that a huge holder of this debt can set trends in the market, a Chinese expert said on Wednesday.
Source: Global Times | 2018/9/19 22:43:40

China 'clear-sighted' about US tactics: FM

China on Wednesday blamed the US' insincere tactic of imposing tariffs, while calling for negotiations at the same time, for further escalation in the ongoing trade war, saying that China is very clear-sighted about such tactics and is dealing with them calmly.
Source: Global Times | 2018/9/19 22:38:40

China opens first test road for self-driving cars with 5G network function

China opened its first road designated for tests of self-driving cars with fifth-generation (5G) network connectivity in Beijing on Wednesday, marking a significant step in the country's steadfast efforts in mastering two key technologies of the future – autonomous driving and 5G.
Source: Global Times | 2018/9/19 22:38:40

Chaos caused by US trade aggression spurs faster regional FTA talks

As the US continues to pursue protectionist measures, countries such as China, South Korea and Japan are accelerating free trade agreement (FTA) negotiations in a bid to counter the US and protect the global free trade order.
Source: Global Times | 2018/9/19 22:08:42

China's Huawei becomes one of first fully-owned tech firms in Qatar

Chinese tech giant Huawei said it has become one of the first fully owned technology companies in Qatar, state-run Qatar News Agency reported Wednesday.
Source: Xinhua | 2018/9/19 21:38:06