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Huayi Brothers' stock plunged after its war film was yanked from SIFF opening event

Huayi Brothers' media stock tumbled by as much as 7.07 percent to 5.39 yuan ($0.78) at midday on Monday after its war film was withdrawn from the opening ceremony of the 22nd Shanghai International Film Festival (SIFF) on Saturday.
Source: Global Times | 2019/6/17 16:52:21

Global AI chip market to grow tenfold in next five years: white paper

The global market for mobile artificial intelligence (AI) chips is expected to reach 3.8 billion US dollars in 2022, a tenfold growth from the 2017 figure, said a white paper.
Source: Xinhua | 2019/6/17 10:38:07

Xinjiang manufacturer rush socks to the US amid tariff threats

On Sunday afternoon at a textile industrial park in Aksu, Northwest China's Xinjiang Uyghur Autonomous Region, factories were closed for their one-day weekend, yet a few remain open. Among them is Aksu Hengchang Textile Ltd. Inside one of the company's workshops, six employees were packaging newly made socks.
Source: Global Times | 2019/6/17 1:10:02

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 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

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 CPI further expands to 2.7 pct in May

China's consumer price index (CPI), a main gauge of inflation, accelerated to 2.7 percent year on year in May, the National Bureau of Statistics (NBS) said Wednesday.
Source: Xinhua | 2019/6/14 9:57:49

Oil in choppy trade amid Middle East tensions, dimming demand outlook

Oil prices saw volatile trading this week as escalating Middle East tensions and dimming demand forecasts have brought more uncertainties to the market.
Source: Xinhua | 2019/6/14 8:55:16

China restricts developed regions from 'mining' talent from central, western areas

The Chinese central government issued a guideline on Wednesday, restricting China's developed regions from drawing talent from the northeast, central and western regions through one-sided measures such as promising high salaries and special benefits.
Source: Global Times | 2019/6/13 23:14:39

China will fight to end if US keeps escalating trade frictions: MOC

"China will fight to the end if the United States continues to escalate trade frictions," the Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2019/6/13 20:54:38

Foreign exchange market remains stable, to keep expanding: PBC

China has maintained a stable foreign exchange rate and will steadily improve the opening of its financial market, as well as promote the liberalization of cross-border trade and investment, Pan Gongsheng, deputy governor of the People's Bank of China (PBC), said at the Lujiazui Forum on Thursday.
Source: Global Times | 2019/6/13 20:13:41

Commentary: China's trade growth strong enough to resist external pressure

Though faced with trade barriers set up by the United States, China's foreign trade remained steady, showing its ability to handle external headwinds.
Source: Xinhua | 2019/6/13 17:03:01

China launches sci-tech innovation board

China inaugurated its science and technology innovation board on Thursday, kicking off the country's much-anticipated capital market reform this year.
Source: Xinhua | 2019/6/13 14:28:45

China launches sci-tech innovation board, stressing further financial opening-up amid trade war

China's new science and technology innovation board, a NASDAQ-style tech board, was officially launched at the Shanghai Stock Exchange (SSE) Thursday, marking a brand-new era for the country's capital market and a major move to upgrade the transitioning economy amid US assaults against Chinese tech firms.
Source: Global Times | 2019/6/13 13:40:12

U.S. trade bullying a wrong move to reduce deficit

U.S.-triggered trade frictions failed to narrow its deficit with China, but instead widened the gap, China's customs data of the first five months showed Monday.
Source: Xinhua | 2019/6/12 17:07:09

Yuan's slide past 7 versus dollar doesn't mean much: analysts

It is likely that the Chinese currency will slide past 7 against the US dollar, the psychological red line, but that's not what is most important. It is the yuan's stability that matters, Chinese analysts told the Global Times on Tuesday.
Source: Global Times | 2019/6/11 20:38:40

Tariff hikes are 'bricks' escalating tensions rather than 'ladders' leading to solution

“The most effective protection to a consumer is free competition at home and free trade throughout the world,” said Milton Friedman, who received the 1976 Nobel Memorial Prize in Economic Sciences. The tips given by this American economist still enlighten today's world.
Source: People's Daily | 2019/6/11 16:40:39