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.


UBS removes controversial economist following outrage over racist report

UBS confirmed with the Global Times it has asked its analyst Paul Donovan to take a leave of absence as the Swiss investment bank reviews the matter that the analyst discussed China's inflation in distasteful and racist language which sparked uproar among Chinese internet users, economists and several industry associations.
Source: Global Times | 2019/6/14 22:48:18

China launches probe into FedEx for misrouting Huawei documents to US

Chinese authorities sent an inquiry letter to US courier service FedEx on Friday for its alleged misconduct in misrouting Huawei documents to the US, signaling the official launch of the probe on this matter, the Xinhua News Agency reported on Friday.
Source: Global Times | 2019/6/14 20:26:11

Retail sales drive China's economic growth in May despite trade war

China's economy has been progressing steadily in May despite the lingering trade war, led by an 8.6-percent year-on-year increase in retail sales.
Source: Global Times | 2019/6/14 18:48:40

Competitive devaluation potential outcome of trade war: former central bank governor

The trade war may trigger competitive currency devaluation in many countries which could lead to chaos in global financial order, former central bank governor Zhou Xiaochuan warned on Friday.
Source: Global Times | 2019/6/14 17:53:40

Alibaba e-commerce expo debuts in New Zealand

Chinese e-commerce giant Alibaba Group's flagship eCommerce Expo kicked off on Friday for the first time in New Zealand, focused on helping local businesses tap into the e-commerce enabled Chinese economy.
Source: Xinhua | 2019/6/14 16:13:08

Twitter removes thousands of foreign state-backed accounts

Twitter Inc. said Thursday it has deleted thousands of accounts linked to foreign governments and archived them to a public database aiming to track state-backed misinformation.
Source: Xinhua | 2019/6/14 15:57:03

China's property investment up 11.2 pct in first five months

China's real estate investment increased 11.2 percent year on year in the first five months of the year, the National Bureau of Statistics said Friday.
Source: Xinhua | 2019/6/14 15:46:00

China's fixed-asset investment up 5.6 pct in first five months

China's fixed-asset investment (FAI) grew 5.6 percent year on year in the first five months, down 0.5 percentage points from the first four months, the National Bureau of Statistics (NBS) said Friday.
Source: Xinhua | 2019/6/14 15:45:20

Chinese companies try to build stronger brands with more value overseas

More Chinese companies have been striving to build stronger brands in a global arena. Their brand value rises rapidly, primarily propelled by technology-driven innovation and overseas consumers' acknowledgement, some researchers and reports showed.
Source: Xinhua | 2019/6/14 15:43:57

China's power generation up 3.3 pct in first five months

China's power generation grew 3.3 percent year on year to 2.8 trillion kilowatt hours in the first five months of 2019, official data showed Friday.
Source: Xinhua | 2019/6/14 15:29:28

China's industrial output up 5 pct in May

China's value-added industrial output expanded 5 percent year on year in May, slower than the growth of 5.4 percent in April, official data showed Friday.
Source: Xinhua | 2019/6/14 15:20:59

S.Korea's overseas direct investment hits record high in Q1

South Korea's overseas direct investment hit a record quarterly high in the first quarter on the increased mergers & acquisitions (M&As) and the expansion of overseas plants, a government report showed Friday.
Source: Xinhua | 2019/6/14 14:25:17

China's printing service company to enter African market

Xin Printing Technology Co. Ltd, a printing service company based in central China's Hunan Province, is expanding its business to Africa.
Source: Xinhua | 2019/6/14 13:23:38