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US beef producers expect closer collaboration with China

US beef producers are looking forward to gaining a larger share in China, one of the fastest-growing beef markets in the world, an industry expert has said.
Source: Xinhua | 2019/8/12 11:14:44

Customized modular robot can take on many forms

A CellRobot developed by Beijing Keyi Technology seen at the 4th International Artificial Intelligence Conference in Shanghai on Saturday. The customized modular robot can be controlled by a smartphone app and built into hundreds of different configurations. It provides a hands-on experience for people to explore creativity and engineering knowledge. Photo: VCG
Source: VCG | 2019/8/11 21:08:40

Typhoon hits China's vegetable export hub, may push up global prices

The city of Shouguang in East China's Shandong Province has been left in ruins by torrential rain bought by Typhoon Lekima. Since it is an important vegetable producing and exporting hub in China, experts warned that the disaster may push up vegetable prices in the global market.
Source: Global Times | 2019/8/11 20:38:40

Trade war could morph into currency war as US is likely to escalate conflict: Chinese experts

Escalating financial friction between China and the US as a side effect of the trade war is becoming a hot topic among Chinese economists, with some of them cautioning that the trade row might worsen into a finance war between the two countries.
Source: Global Times | 2019/8/11 19:53:39

China continues to support Botswana as its new government seeks better ties with Beijing

Botswana, a small inland country in southern Africa, is ramping up efforts to strengthen economic and trade ties with China, as the new administration in Gaborone bets on China and other emerging markets to play a vital role to propel the country's economic transformation.
Source: Global Times | 2019/8/11 18:08:39

Weekly oil prices continue to fall amid trade tensions

Oil prices decreased for the week ending Aug. 9 as the market has been overshadowed by rising concerns over trade tensions between the United States and China, with the price of West Texas Intermediate (WTI) for September delivery down 2.08 percent and Brent crude oil for October delivery down 5.43 percent.
Source: Xinhua | 2019/8/11 8:44:15

US PPI for final demand edges up 0.2 pct in July: report

The Producer Price Index (PPI) for final demand rose 0.2 percent in July, seasonally adjusted, the US Department of Labor said Friday.
Source: Xinhua | 2019/8/10 10:23:00

China's CPI reaches 17-month high at 2.8 percent in July

China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year-on-year in July, marking a 17-month high, mainly due to a rise in food prices such as those of pork and fruits, data from the National Bureau of Statistics (NBS) showed on Friday.
Source: Global Times | 2019/8/9 11:57:42

China's foreign trade expands steadily amid mounting challenges

China's foreign trade maintained steady expansion in the first seven months of this year amid mounting domestic and external challenges.
Source: Xinhua | 2019/8/9 9:09:02

London stays on top thanks to RMB internationalization

London now represents nearly half of all RMB foreign exchange trading, according to a report published today.
Source: Global Times | 2019/8/9 1:58:45

Robot cleans up after Shenzhen commuters

A cleaning robot works at the Futian subway station in Shenzhen, South China's Guangdong Province on Wednesday. The robot can sweep the floor while also warning passengers to be alert and stay out of its path. Photo: IC
Source: IC | 2019/8/8 22:33:40

Yuan's midpoint reference weaker than 7 for first time since 2008, may drop further: analysts

China's central bank has set the official midpoint reference for the yuan weaker than 7 per US dollar for the first time since 2008.
Source: Global Times | 2019/8/8 18:48:40

More investment to enter Chinese stock markets despite yuan depreciation

Despite a slowdown of overseas capital inflows into A-shares caused by factors such as the yuan's depreciation, Chinese stocks will be of great interest to foreign investors in the long run, thanks to the country's still astonishing economic growth, experts said on Wednesday
Source: Global Times | 2019/8/7 21:33:40

Always ready to help keep the lights on

A smart robot inspects equipment at the Huanglishu Substation in Chuzhou, East China's Anhui Province on Wednesday. The robot, equipped with infrared thermometers, cameras and other advanced gear, is on duty 24/7 helping local operators further improve power supply reliability. Photo: VCG
Source: VCG | 2019/8/7 21:53:40

Yuan stabilizes after dip below 7

The yuan's weakening past 7 against the US dollar and Washington's move to label China as a “currency manipulator” won't have any outsize negative impact on China although it will affect market sentiment, industry analysts said.
Source: Global Times | 2019/8/7 18:53:40

E-marriage certificates issued on Chinese Valentine's Day

Forget to bring your marriage certificate when proving your family relationship? No worries. A digital marriage certificate that can be stored in your mobile phone became more widely available on Wednesday, which is Qixi Festival, also known as Chinese Valentine's Day.
Source: Global Times | 2019/8/7 18:01:17

China mulls lifting import tariff quota control on three oil products

China is considering lifting the import tariff quota control on rapeseed oil, soybean oil, and palm oil, a move which is intended to encourage domestic companies to broaden their importing channels as well as enrich the categories of oil imports said an agricultural expert to the Global Times on Wednesday.
Source: Global Times | 2019/8/7 13:21:46

'Currency manipulator' label of US groundless: analysts

Following US President Donald Trump's series actions which are leading to global trade and financial chaos, the US Treasury moved to name China a "currency manipulator" on Monday, which was denounced by China's central bank and Chinese economists as groundless and self-destructing.
Source: Global Times | 2019/8/6 23:08:40