BUSINESS >> Markets

Yiwu introduces new rules to welcome foreigners

The city of Yiwu, a marketplace for small commodities in east China's Zhejiang Province, introduced a series of new rules Friday to welcome more foreigners.
Source: Xinhua | 2018/10/13 10:46:34

Import expo signals China's commitment to free trade, multilateralism, says expert

The upcoming China International Import Expo (CIIE) is a clear signal of the country's commitment to unfettered free trade and multilateral mechanisms, said Argentine political observer Patricio Giusto.
Source: Xinhua | 2018/10/13 8:16:57

Valuation of China's yuan decided by the market say analysts

The value of China's yuan is decided by the market and will not purposefully be devalued to fight a trade war with the US, analysts said on Friday.
Source: Global Times | 2018/10/12 23:28:40

China releases depositary receipt rules for Shanghai-London stock connect

The China Securities Regulatory Commission (CSRC) on Friday issued trial rules on depositary receipt business in the Shanghai-London stock connect program after seeking public comment for more than a month.
Source: Xinhua | 2018/10/12 21:11:32

U.S. stocks extend losses amid data, rates

U.S. stocks extended deep losses in volatile trading on Thursday, a day after three major indices plunged more than 3 percent amid fears for rising interest rates and a sell-off in tech shares.
Source: Xinhua | 2018/10/12 9:31:46

Indian markets close lower

Indian markets closed lower Thursday as benchmark indices were trading under pressure in the final hour of trade. All the sectoral indices were trading in the red.
Source: Xinhua | 2018/10/12 0:46:06

A shares react to US sell-off

Chinese mainland stock markets took a nosedive Thursday with nearly 1,000 stocks slumping by the trading limit, triggered by an overnight rout on Wall Street.
Source: Global Times | 2018/10/11 22:53:42

Tighter US investment rules to help China: analysts

Tightened rules on investment in the US in so-called sensitive sectors, potentially targeting Chinese merger and acquisition deals (M&A), might have a silver lining in terms of boosting China's domestic capacity in such areas, experts said on Thursday.
Source: Global Times | 2018/10/11 22:43:42

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

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

Asia shares nose dive to 19-month lows

Share markets in Asia plunged to a 19-month low on Thursday after Wall Street's worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising dollar yields.
Source: Reuters-Global Times | 2018/10/11 19:43:41

US-China trade war to cripple World growth

International Monetary Fund (IMF) Managing Director Christine Lagarde warned countries against engaging in both trade and currency wars, saying these would hurt global growth and imperil “innocent bystanders” on Thursday.
Source: Reuters-Global Times | 2018/10/11 19:43:40

U.S. stocks close sharply lower amid rising rates fears

U.S. stocks closed sharply lower on Wednesday as rising rate fears and tech share sell-off rattled the market.
Source: Xinhua | 2018/10/11 9:34:16

Technology, internet entrepreneurs dominate Hurun rich list

The rise of the wealth of entrepreneurs from the technology and internet industries -- led by China's richest man Alibaba's founder Jack Ma Yun -- in the Hurun China Rich List of 2018 reflects a broad picture of China's economy, experts said.
Source: Global Times | 2018/10/10 22:03:42

Toyota considers building Lexus models in China

Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders said.
Source: Reuters | 2018/10/10 21:28:42

High-speed railway system extends

View of the Zhengzhou-Wanzhou high-speed railway in Nanyang, Central China's Henan Province. The 818-kilometre railway, which links Zhengzhou in Henan province and Wanzhou in Southwest China's Chongqing, will be put into operation in 2022. Once completed, it is expected that the driving speed on the railway could reach 350 kilometers per hour, and travel time from Zhengzhou to Chongqing could be shortened to four hours. Photo: VCG
Source: VCG | 2018/10/10 17:53:40

China shares end mixed, Shanghai index up 0.18%

China's blue-chip index fell for a third consecutive day on Wednesday, but the main Shanghai Composite index rose as investors weighed government support for continued growth against the impact of the US-China trade war.
Source: AFP-Global Times | 2018/10/10 17:48:41

Crude oil declines as IMF lowers global growth outlook

Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned toward Florida, causing the shutdown of nearly 40 percent of the US Gulf of Mexico's crude output.
Source: Reuters | 2018/10/10 17:48:41