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.


China to improve, prevent abuse of social credit system: NDRC

China will promote the development of the social credit system in line with the law and regulations to prevent the abuse of the credit mechanism, said an official from China's top economic planner on Friday.
Source: Global Times | 2019/8/18 13:33:39

China launches interest rate reform to reduce financing costs

The People's Bank of China (PBC), China's central bank, has improved a key interest rate mechanism, a move to reduce the financing costs which experts said is intended to boost the domestic economy amid downward pressure.
Source: Global Times | 2019/8/18 12:36:40

China gives green light to one more IPO on sci-tech innovation board

China's securities regulator has endorsed the application of one company for initial public offering (IPO) on the science and technology innovation board.
Source: Xinhua | 2019/8/18 11:41:06

Yemen's tourism sector affected by over 4 years of war and blockade

Yemen's tourism sector has been affected significantly by more than four years of war and blockade.
Source: Xinhua | 2019/8/18 11:46:22

China sees surge in loans to small, micro firms

China saw a surge in the outstanding sum of loans to small and micro companies in the first half of this year thanks to the government's support for inclusive finance.
Source: Xinhua | 2019/8/18 10:22:03

China approves more fixed asset investment projects

The National Development and Reform Commission, China's top economic planner, approved 12 fixed-asset investment projects with the combined investment totaling 70.5 billion yuan (about 10 billion US dollars) in July, data showed.
Source: Xinhua | 2019/8/18 10:19:34

Huaxia Bank H1 profit up 5.06 pct

Huaxia Bank, a medium-sized Chinese lender, reported a 5.06 percent rise in net profit in the first half of the year.
Source: Xinhua | 2019/8/18 10:16:26

US tariffs seen to push up prices, reduce profits: report

The recent increases in US tariffs against imports are seen to be pushing up prices and reducing profits for American manufacturing and service firms, according to a report recently published by the Federal Reserve Bank of New York.
Source: Xinhua | 2019/8/18 8:51:47

US state, local officials still eye China opportunities despite trade tensions

The Kentucky Cabinet for Economic Development has recently said it will lead a business development trip to China later this month, the latest signal of US state and local officials' unwavering willingness to enhance cooperation despite simmering trade tensions between the world's two largest economies.
Source: Xinhua | 2019/8/17 11:21:06

China to meaningfully lower real interest rates through market-oriented reform

China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.
Source: Xinhua | 2019/8/17 9:11:58

China to expand IP pledge financing to support innovative enterprises

China's banking and intellectual property regulators have decided to jointly boost the use of intellectual property (IP) as a financing tool to support the development of innovative enterprises, an official statement said Friday.
Source: Xinhua | 2019/8/17 9:02:50

State Counil stresses use of market reform to lower real interest rates

China's State Council made a series of arrangements Friday on lowering real interest rates through market-based reform measures and easing financing difficulties.
Source: Xinhua | 2019/8/17 9:01:10

Google employees urge company not to cooperate with US immigration agencies

Hundreds of Google employees on Thursday called on their employer not to cooperate with US immigration agencies that enforce controversial policies on the grounds of human rights abuses.
Source: Xinhua | 2019/8/17 8:28:17