BIZ

Yiwu entrepreneurs outsmart Trump tariffs


Entrepreneurs in Yiwu, East China's Zhejiang Province, who are particularly adept at overseas trade, are using such tactics as small-volume exports and shifting the focus of their trade to fend off the blows of rising tariffs on exports to the US.


Tesla faces tougher competition in China's EV market

Evergrande Group signed a strategic cooperation agreement with the government of Shenyang, Northeast China's Liaoning Province, Saturday to build three bases worth 120 billion yuan ($17.33 billion) for new-energy vehicles (NEVs), according to a posting on the company's website. Analysts said that Tesla will face tougher competition in the Chinese NEV market.
Source: Global Times | 2019/6/16 21:13:40

Policy shift in BSB takeover breaks rigid redemption: experts

The breaking of the practice of rigid redemption in Baoshang Bank (BSB)'s takeover was intended to encourage full reliance on market mechanisms and promote the sound development of the nation's financial markets, experts said Sunday.
Source: Global Times | 2019/6/16 21:08:40

Rail route serving Beijing's new airport starts trial operations

The first phase of Beijing rail transit's new airport line, as one of the support facilities for the Beijing Daxing International Airport, launched trial operation on Saturdays. It's scheduled to start official operations at the end of September, according to media reports.
Source: Global Times | 2019/6/16 21:08:39

China pursues broad levels of investment cooperation with Kyrgyzstan, Tajikistan

China has signed memoranda of understanding to establish investment and industrial cooperation work teams with Kyrgyzstan and Tajikistan, a significant move for China to enhance levels of cooperation and expand space for cooperation with the two countries, according to a statement on the website of China's Commerce Ministry on Sunday.
Source: Global Times | 2019/6/16 20:53:40

FDI into China surges 150 times in 37 years

China's use of overseas capital has surged by about 150 times during the past 37 years, while outbound non-financial foreign direct investment (FDI) rose about 45 times during the period, data published by the National Bureau of Statistics (NBS) showed on Sunday.
Source: Global Times | 2019/6/16 20:53:40

China's film market experiences growing pains as quality falls

China's film market is contracting for the first time in nine years, which is an inevitable stage for the market to go through to become the world's largest, analysts and industry insiders said.
Source: Global Times | 2019/6/16 20:28:40

Indonesia hopes for more tourists, investments from China

Indonesia has drawn more Chinese tourists and rising investments under the framework of the China-proposed Belt and Road Initiative (BRI), and has been introducing new tourism programs and incentives to promote its market in China.
Source: Global Times | 2019/6/16 19:43:39

Openness, collaboration will shape 5G's future

It has become clear that openness and collaboration will be an irreversible trend in the 5G era, and countries advocating fair and healthy competition will eventually succeed in the 5G race, industry representatives said Sunday.
Source: Global Times | 2019/6/16 19:38:39

Niche BRI countries become travel hot spots for Chinese tourists

There was a time when most Chinese travelers' interests in overseas destinations were restricted to a few countries like Japan, South Korea, the US and several European developed countries.
Source: Global Times | 2019/6/16 19:31:40

California wines face long-term market loss in China due to trade frictions

The wine businesses in the US state of California, accounting for 90 percent of the country's total wine exports, are concerned about the long-term market loss in China as a result of the US-initiated trade war against China.
Source: Xinhua | 2019/6/16 17:02:47

China Mobile opens bid for 5G rollout worth $2 billion

It has become clear that openness and cooperation will be an irreversible trend in the 5G era, and countries advocating for fair and healthy competition will eventually succeed in the 5G race, industry representatives said on Sunday.
Source: Global Times | 2019/6/16 12:53:33

India's retaliatory tariffs on 28 American goods take effect

India's new tariffs on 28 American goods in a retaliatory measure to Washington's recent refusal to exempt it from higher steel and aluminum tariffs came into effect from Sunday, official sources has confirmed to Xinhua.
Source: Xinhua | 2019/6/16 11:32:17

China's excavator sales falling in May

Sales for China's major excavator producers declined in May, the first drop in 34 months, industry data showed.
Source: Xinhua | 2019/6/16 11:23:46