BIZ

Trump's IPR claims 'totally baseless'


US President Donald Trump's accusations about Chinese companies stealing intellectual property rights (IPR) from the US were dismissed by experts who talked to the Global Times on Thursday.


China cuts US treasuries holdings in November 2017

China cuts its holdings of US Treasury securities in November 2017 after adding 8.4 billion US dollars in October.
Source: Xinhua | 2018/1/18 9:31:44

China's petrochemical sector profit up 30 pct

China's petrochemical industry profit in 2017 grew at the fastest pace in six years, according to the China Petroleum and Chemical Industry Federation on Wednesday.
Source: Xinhua | 2018/1/18 7:00:56

China's local gov'ts debt balance within targeted ceiling in 2017

The balance of local government debt stood at 16.5 trillion yuan (2.6 trillion US dollars) by the end of 2017, below the government ceiling of 18.8 trillion yuan, official data showed Wednesday.
Source: Xinhua | 2018/1/18 6:59:40

Helsinki becomes world's busiest passenger port

The port of Helsinki became the busiest passenger harbor in the world in 2017, narrowly surpassing the British port of Dover, Finnish news agency STT reported on Wednesday.
Source: Xinhua | 2018/1/18 6:45:42

Russia's 2017 capital outflow totals 31.3 bln USD: central bank

Russia saw a net private capital outflow of 31.3 billion US dollars in 2017, up from 19.8 billion US dollars in 2016, the central bank said in a report published on Wednesday.
Source: Xinhua | 2018/1/18 6:42:34

ofo to share big data of bicycles with 200 Chinese cities

China's bike-sharing giant ofo announced Wednesday plans to share its big data platform with city administration authorities in 200 Chinese cities.
Source: Xinhua | 2018/1/18 6:40:47

Global tourism income forecast to grow 6.7 pct in 2018: report

Global tourism revenue is expected to grow by 6.7 percent in 2018, much higher than the forecast growth rates of global GDP, according to a world tourism report.
Source: Xinhua | 2018/1/18 6:40:27

Volkswagen sees record sales of 10.74 mln vehicles in 2017

German automotive industry giant Volkswagen AG sold a record number of 10.74 million vehicles worldwide during the past year, marking an annual increase of 4.3 percent, it said on Wednesday.
Source: Xinhua | 2018/1/18 6:34:50

Dow closes above 26,000 on strong earnings reports

US stocks closed higher on Wednesday with the Dow closing above 26,000 for the first time, following the release of stronger-than-expected quarterly earnings reports.
Source: Xinhua | 2018/1/18 6:33:00

Ford plans to curb car production to build more trucks, SUVs

Ford company, one of American major automakers, will be adjusting its vehicle production rates to meet the preferences of buyers in the US, Ford CEO Jim Hackett revealed.
Source: Xinhua | 2018/1/18 6:32:46

Taiwan firms say they would change label on products for mainland

Some companies in Taiwan confirmed on Wednesday that their partners in the Chinese mainland and other institutions have requested that they change the label regarding the origin of their products to be sold in the mainland, after officials on the island denied any such moves.
Source: Global Times | 2018/1/17 22:43:41

Capacity cuts successful: experts

China's efforts to cut excess capacity appear to have been “well implemented” given the market price changes, experts told the Global Times on Wednesday, and the capacity-cutting drive is set to continue in 2018.
Source: Global Times | 2018/1/17 22:23:40

Shenzhen to see GDP boost

GDP in Shenzhen, South China's Guangdong Province, is expected to have hit 2.2 trillion yuan ($341.8 billion) in 2017, up 8.8 percent year-on-year, China News Service reported on Wednesday.
Source: Global Times | 2018/1/17 22:13:40