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.


China approves three new IPOs

China's securities regulator has approved the initial public offering (IPO) applications of three companies.
Source: Xinhua | 2019/6/16 11:07:09

China sees prices of 36 major capital goods decline

China saw 36 major capital goods monitored by the government post lower prices in early June compared with the previous 10 days, data showed.
Source: Xinhua | 2019/6/16 10:27:52

Industrial Internet platform for SOEs unveiled

China launched the Industrial Internet Convergence Platform for Central State-owned Enterprises (SOEs) on Saturday, which will become a key infrastructure system to push for better inter-communication, resource sharing, and co-development of China's SOEs, according to the China Aerospace Science and Industry Corporation (CASIC,) the platform's leading developer.
Source: Global Times | 2019/6/15 18:51:01

FT commentator says attack on China "is the wrong war"

"Today's attack on China is the wrong war," chief economics commentator at the Financial Times (FT) Martin Wolf has said, warning against framing relations with China as a zero-sum conflict.
Source: Xinhua | 2019/6/15 14:22:55

US tourism industry worried by loss of Chinese visitors

As the year 2018 witnessed the first decline in the number of Chinese visitors to the United States in 15 years, the American travel and tourism industry is worrying about the prospect of losing more business from China amid protracted bilateral trade tensions.
Source: Xinhua | 2019/6/15 14:06:58

Shandong sees robust trade with SCO countries

East China's Shandong Province has seen robust trade with member countries of the Shanghai Cooperation Organization, statistics from Qingdao customs showed.
Source: Xinhua | 2019/6/15 12:11:56

Chinese vice premier calls for creating sound environment for small banks

Chinese Vice Premier Liu He has called for efforts to create a sound institutional environment for the healthy development of small and medium-sized banks.
Source: Xinhua | 2019/6/15 11:36:01

US Chamber of Commerce reiterates opposition to tariffs on Chinese imports

The US Chamber of Commerce, a major lobbying organization in the country, on Friday reiterated opposition against the White House to impose additional tariffs on imports from China, as tariffs hurt American businesses, the economy and consumers.
Source: Xinhua | 2019/6/15 11:33:37

Short-term pain without long-term gain, economists say of Trump tariffs

The Trump administration has touted the "long-term gain" from its tariff measures targeting trading partners worldwide, arguing that the "short-term pain" to the US economy is worth it, but most economists don't think so, according to the latest Wall Street Journal survey.
Source: Xinhua | 2019/6/15 10:37:41

Chinese economy stays resilient in May on consumption growth

The Chinese economy stayed resilient in May as the leading growth engine of consumption picked up expansion pace.
Source: Xinhua | 2019/6/15 10:20:33

It would be a mistake to overlook China's market potential, says Louisiana official

Despite the ongoing trade disputes between the United States and China, it would be a mistake to overlook the market potential of the world's second largest economy, a local economic official of the southeastern US state of Louisiana said here on Tuesday.
Source: Xinhua | 2019/6/15 10:02:01

China's leading online education platform eyes underserved markets

China Online Education Group, which provides online English language training via the platform 51Talk, is poised to deepen its presence in underserved markets in China.
Source: Xinhua | 2019/6/15 9:39:58

African e-commerce firm Jumia welcomes Chinese sellers

Africa's leading e-commerce platform Jumia said opening a third-party platform to the Chinese market has become its strategic focus amid booming Africa-China trade.
Source: Xinhua | 2019/6/15 9:30:00