BIZ

CPI rises to seven-month high, indicating reasonable inflation and economic resilience


China's September CPI indicates a “moderate inflation” trend that reflects China's “economic tenacity,” experts told the Global Times on Tuesday.


Alibaba executive warns trade war pain will be felt globally

The escalating trade war between the US and China is careening toward a “cold war or geopolitical war” that will reverberate around the world, a senior executive at Alibaba Group has said.
Source: Reuters | 2018/10/11 22:38:42

BYD gets Canada deal to supply electric buses

Chinese electric car maker BYD Automobile Co has signed an agreement with a Canadian tour company to supply 90 electric buses to be used in Vancouver, according to media reports on Thursday.
Source: Global Times | 2018/10/11 22:38:41

Tool producer to build factory in Vietnam

Tool manufacturer Hangzhou Great Star Industrial Co announced on Wednesday night that it would set up a manufacturing base in Vietnam as part of the company's overseas push and to prepare for uncertainties amid rising trade friction.
Source: Global Times | 2018/10/11 22:38:40

New railway set to fuel Tibet's economy, trade with India and Nepal: experts

The construction of the Sichuan-Tibet railway, dubbed the world's most challenging railway, will have a big influence in boosting Tibet's integration into South Asia and the China-proposed Belt and Road initiative (BRI), as well as facilitating its trade connectivity with China's developed regions, industry observers said on Thursday.
Source: Global Times | 2018/10/11 22:28:40

Le Méridien Hangzhou, Binjiang held grand opening ceremony

Le Méridien Hotels & Resorts, which is subordinate to Marriott International, recently announced that Le Méridien Hangzhou located in Binjiang district, Hangzhou, Zhejiang Province held an opening ceremony.
Source: Global Times | 2018/10/11 21:38:40

Asia holds great prospect in technology, internet development: Jack Ma

Jack Ma, founder of China's e-commerce giant Alibaba, hailed the prospect of technology and the internet in Asia on Wednesday, saying China and companies like Alibaba will take up the responsibility and opportunities to share its technology with neighbors.
Source: Xinhua | 2018/10/11 20:41:07

Silicon Valley eyes opportunities in China

China is poised to win a long-term race against the US in high-tech development opportunities as the world's most populous country is investing more in science and education than the US, a Silicon Valley senior executive said on Tuesday.
Source: Xinhua | 2018/10/11 20:41:06

China serves as a top export market destination for the Philippines

China currently serves as a top export market destination for the Philippines, Philippine Statistics Authority (PSA) has said.
Source: Xinhua-Global Times | 2018/10/11 20:38:41

E-commerce firms put consumers first

Ten of China's major e-commerce companies signed a commitment on Wednesday to safeguard consumers' rights and interests.
Source: Xinhua-Global Times | 2018/10/11 20:38:40

Chinese coal city Datong vows 'no-coal zones'

Datong, a major coal-producing city in Northern China's Shanxi province, will establish "no-coal zones" in urban districts as part of its efforts to curb pollution, the provincial government said on Thursday.
Source: Reuters-Global Times | 2018/10/11 20:33:40

China seeks to reduce soybean meal content for hogs amid escalating trade war

The China Feed Industry Association (CFIA) is seeking to cap crude protein and soybean meal content in pig feed in a bid to reduce soybean imports as the trade dispute between the world's two largest economies pushed up domestic prices.
Source: Global Times | 2018/10/11 20:28:42

China has no intention to meddle with US politics: MOFCOM

China refuted alleged accusations by top US leaders that China tried to "influence" US business leaders to give an opposing voice on current US trade practices, saying US entrepreneurs know whether such accusations stand.
Source: Global Times | 2018/10/11 20:28:40

PetroChina plans to open first Indian office in Mumbai: sources

China's top oil and gas producer PetroChina is preparing to open its first South Asia office in India to scout for business opportunities in oil and liquefied natural gas, Reuters reported, citing three industry sources.
Source: Reuters-Global Times | 2018/10/11 19:43:41