BIZ

Chinese currency won't be hit by Turkey crisis as much as Indian rupee: analysts


The weakening Turkish lira will not drag on China's currency as much as on those of other emerging economies like India and South Africa, as China maintains strict controls over capital outflows and also has abundant foreign exchange reserves, industry observers said on Wednesday.

Strong China-Australian tech collaboration challenges anti-China hysteria

Chinese and Australian companies are actively carrying out innovation collaboration, which challenges the Australian politicians and media agencies that tarnish China and fan anti-China hysteria.

Sound R&D driving China toward scientific breakthroughs: laureates

China is scaling up investment in scientific and technological innovations. Last year, the country's total spending on R&D was estimated to have hit 1.76 trillion ...



Tariffs will drive US wines out of Chinese market: analysts

China's proposed tariffs on US wine will further squeeze the limited US share in the growing Chinese market and might even block these wines entirely, said industry players and analysts.
Source: Global Times | 2018/8/14 21:23:40

Chinese middle-class spending strong despite trade war: experts

Despite volatility in the domestic market due to China-US trade tensions, the consumption power of the Chinese middle class will continue to grow in a strong manner and support stable economic development, experts said on Tuesday.
Source: Global Times | 2018/8/14 20:48:39

New vice governor for central bank

China's human resources ministry said on Tuesday that Zhu Hexin has been appointed as vice governor of the People's Bank of China, the central bank.
Source: Reuters-Global Times | 2018/8/14 19:56:13

$13.81b railway approved in Suzhou

China's State planner has approved a 95 billion yuan ($13.81 billion) urban railway expansion project in Suzhou, East China's Jiangsu Province, local media reported on Tuesday.
Source: Reuters-Global Times | 2018/8/14 19:56:13

Droughts in NE China hit soybean, maize

China's northeastern provinces suffered large-scale droughts this summer, which affected maize and soybean production, domestic media reported on Tuesday.
Source: Global Times | 2018/8/14 19:53:40

Hainan tightens non-property land supplies to boost island's real economy

South China's Hainan Province is planning to set time limits on land supply for non-real estate use, a move that aims to stimulate the development of the island's real economy, said an industry analyst.
Source: Global Times | 2018/8/14 19:48:39

While Chinese feel restless, Africans seem to be enjoying simple pleasures

As my return flight was delayed and forced me to stay in the West African city for another day, considerate hotel and food arrangements that outstripped arrangements made by Chinese airlines in similar circumstances made me feel better.
Source: Global Times | 2018/8/14 19:43:39

The Ritz-Carlton and Hearst Magazine collaborate on innovative short film series

The Ritz-Carlton recently announced a global collaboration with Hearst Magazines Digital Media on "The Stay," a groundbreaking digital campaign that explores the infinite possibilities offered by a stay at The Ritz-Carlton through the lens of five original short films.
Source: Global Times | 2018/8/14 18:53:40

Sound R&D driving China toward scientific breakthroughs: laureates

China is scaling up investment in scientific and technological innovations. Last year, the country's total spending on R&D was estimated to have hit 1.76 trillion yuan ($279 billion), up 14 percent year-on-year, putting it second behind the US in global rankings. So how is China's scientific development looking now? Is it proportional to its R&D spending? The Global Times recently spoke with several Nobel Prize laureates of physics and chemistry who shared their thoughts on those questions.
Source: Global Times | 2018/8/14 18:18:39

Chinese steel mills push output to 4th straight monthly high

China's steel output rose in July to a fourth straight monthly record as mills ran full tilt to cash in on strong profit margins, despite anti-smog measures imposed by local governments.
Source: Reuters-Global Times | 2018/8/14 18:13:40

Brazil's sugarcane shifted to soy on China demand

Shifting trade flows are redefining the Brazilian landscape, spurring more farmers to align their crops with Chinese appetites.
Source: Reuters-Global Times | 2018/8/14 18:13:40

MSCI increases A-share proportion in its indexes

Leading international index provider MSCI announced on Monday that it would increase the weights of A-share constituents in its indexes, which experts said still cannot drag the mainland stock market out of a bearish mood.
Source: Global Times | 2018/8/14 18:13:40

China's economic indicators post slower growth in July, but economy still steady: NBS

China's economic slowdown in the second quarter of this year is in line with the country's moves to adjust its economic structure, with the economy remaining steady and sound amid uncertainties, the National Bureau of Statistics (NBS) said on Tuesday.
Source: Global Times | 2018/8/14 13:53:39