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.


Chinese yuan strengthens last week

China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).
Source: Xinhua | 2019/8/19 11:01:50

Booming Shenzhen city asked to launch financial innovations

The Chinese government is mulling efforts to support financial cooperation between Shenzhen, South China's Guangdong Province, and Hong Kong, a move that experts said would help bring stability to Hong Kong, whose financial sector has been hit by the riots that have swept across the city.
Source: Global Times | 2019/8/18 20:08:40

China's central bank launches interest rate reform to cut costs

The People's Bank of China (PBC), the country's central bank, has improved a key interest rate mechanism to reduce borrowing costs, a move that experts said is intended to help enterprises and boost the economy after recent figures pointed to growing downward pressure.
Source: Global Times | 2019/8/18 20:08:39

China's commercial carrier rocket Jielong-1 launches satellites into orbit

The Jielong-1 rocket, the first commercial rocket produced by the state-owned China Aerospace Science and Technology Corp (CASC), was launched on Saturday, sending three satellites into orbit, the company said.
Source: Global Times | 2019/8/18 20:03:39

Logistics leadership

A 5G-enabled driverless distribution vehicle is seen on a street in Nanjing, East China's Jiangsu Province on Saturday, marking the first time that 5G technology has been applied in the logistics services industry. The Wolong vehicle operates at an average speed of 8 kilometers an hour, with a maximum speed of 15 kilometers an hour. It can detect barriers that are 100 meters away and automatically evade obstacles. Photo: VCG
Source: VCG | 2019/8/18 19:08:39

Netizens slam vendors, maker of T-shirts that support HK violence

Outraged Chinese netizens over the weekend went after the vendor and manufacturer of offensive T-shirts supporting violent protests in Hong Kong that appeared on the website of US online retail giant Amazon.
Source: Global Times | 2019/8/18 18:57:02

Steady H1 for China's local economies

The 31 provincial-level regions of China recorded steady economic performances in the first half of 2019, despite downward pressure and the impact of the US-China trade war. Ongoing opening-up and reform measures improved the business climate and corporate sentiment, experts said.
Source: Global Times | 2019/8/18 18:38:39

Opportunity knocks

The Kentucky Cabinet for Economic Development said it will lead a business development trip to China later this month, the latest signal of intent from US state and local officials that they are willing to enhance cooperation, despite simmering trade tensions between the world's two largest economies.
Source: Xinhua-Global Times | 2019/8/18 17:58:40

Businesses cash in on booming night economy in summer heat

Museum lovers in Beijing now have a unique destination to add to their “must-see” list: a wonderful evening tour at the National Museum of China (NMC). Starting July 28, the museum decided to extend its opening hours to 9 pm on Sundays.
Source: Xinhua-Global Times | 2019/8/18 17:58:39

Businesses cash in on booming night economy in summer heat

Museum lovers in Beijing now have a unique destination to add to their “must-see” list: a wonderful evening tour at the National Museum of China (NMC). Starting July 28, the museum decided to extend its opening hours to 9 pm on Sundays.
Source: Xinhua-Global Times | 2019/8/18 17:53:39

China's first commercial carrier rocket Jielong-1 launches satellites into orbit

The Jielong-1 rocket, the first commercial rocket made by the state-owned China Aerospace Science and Technology Corp (CASC), was successfully launched on Saturday, sending three satellites into orbit, according to information released by CASC's WeChat account.
Source: Global Times | 2019/8/18 16:12:53

Global Blue becomes latest firm to risk Chinese consumer boycott over sovereignty

Global Blue, a Switzerland-based tourism shopping tax refund company, triggered outrage among Chinese netizens after it listed Hong Kong as an independent country in its refund system, and one of its customer service staff later claimed that China's island of Taiwan is also “an independent country.”
Source: Global Times | 2019/8/18 14:33:39

China's securities firms post surging profits

China's securities sector saw sharp growth in net profits for the first half (H1) of the year, data from an industry association showed.
Source: Xinhua | 2019/8/18 14:12:59