BIZ

IMF chief hails progress in China-US trade talks, urges "trade peace"


International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday hailed the progress made in the latest round of China-US trade talks as "extremely good news," urging the world to grasp the opportunity to achieve "a trade peace."


China, US start new round of trade talks in Washington

China and the United States kicked off in Washington on Thursday a new round of high-level consultations to address their differences on outstanding economic and trade issues.
Source: Xinhua | 2019/10/11 4:27:25

China 'comes with utmost sincerity' for trade talks: top negotiator Liu He

Chinese Vice Premier Liu He told representatives from the US industrial and commercial sectors Wednesday that the Chinese trade delegation came to the negotiation with utmost sincerity ahead of the latest round of trade talks.
Source: Global Times | 2019/10/10 23:50:09

China restructures airspace

It has been nearly eight years since Yan Xiaodong witnessed the largest-ever scale adjustment to the balance of airspace between China's military and civilian authorities.
Source: Global Times | 2019/10/10 23:43:40

Provinces' plans for intercity high-speed rail systems set to boost economy

So far, 12 provinces in China have released plans to build intercity high-speed rail systems, according to government statistics, and by next year, up to eight provinces will have complete systems.
Source: Global Times | 2019/10/10 22:22:50

China driving Shenzhen's capital market reform

As China gears up to advance reform of the capital market of Shenzhen, South China's Guangdong Province, the city will play an increasingly large role in connecting the country with the world markets while also enhancing neighboring Hong Kong's position as a global financial hub, experts said on Thursday.
Source: Global Times | 2019/10/10 22:13:40

Alibaba to stop sales of e-cigarette components in US amid scrutiny

Chinese e-commerce firm Alibaba said on Wednesday that it will stop selling e-cigarette components in the US, amid growing regulatory scrutiny and reports of lung disease and some deaths linked to vaping.
Source: Global Times - Reuters | 2019/10/10 21:18:40

Producing export success

Workers manufacture mechanical equipment and electronic control equipment at a factory in Nantong, East China's Jiangsu Province on Thursday. The products will be exported to countries and regions along the routes of the Belt and Road Initiative including Russia, the Middle East and Western Europe. Photo: VCG
Source: VCG | 2019/10/10 21:13:41

Elderly ride digital economy wave

He Xuping, a retiree in her 60s, is a skilled user of a smartphone equipped with over 50 apps, including those used for social networking, video sharing, online shopping, travel, mobile payment and financial management.
Source: Global Times | 2019/10/10 21:13:40

Overseas investors eye Chinese bond market for yield advantage

The financial markets in China still offer some of the best opportunities for many overseas investors whose interest in investing in Chinese bonds and equities remain "very strong", Joyce Chang, chair of global research at J.P. Morgan said on Thursday, based on discussions the bank has had with corporate clients and institutional investors.
Source: Global Times | 2019/10/10 21:06:35

HK retains edge over Singapore despite turmoil

Singapore may temporarily benefit from Hong Kong's ongoing social unrest, but in the long run Hong Kong is still very attractive, said experts and industry practitioners. With the violent protests entering their fourth month, Hong Kong has seen some sectors of its economy weakening. This has given rise to discussion that Singapore is secretly benefiting from Hong Kong's prolonged unrest.
Source: Global Times | 2019/10/10 21:03:41

FM dismisses allegations that China manipulates US firms amid NBA controversy

China's Foreign Ministry dismissed on Thursday allegations that China is increasingly using its economic muscle to manipulate US companies and force them to abandon their values, following a controversy over how the US National Basketball Association (NBA) has handled a tweet by Houston Rockets General Manager Daryl Morey that supported the Hong Kong riots.
Source: Global Times | 2019/10/10 20:58:40

Rich list includes more faces from technology sector: Hurun report

More entrepreneurs from emerging sectors such as advanced technology, the internet and information technology showed up on the list of China's wealthiest people this year, a report issued by Hurun Research Institute showed on Thursday.
Source: Global Times | 2019/10/10 20:48:40

Finance veterans fill local govt roles

Provincial governments in China are striving to attract veteran financial services executives to take vice-governor positions, a move that observers said would combat systemic financial risks and help the financial industry serve the real economy.
Source: Global Times | 2019/10/10 20:38:40