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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

Washington follows protectionism in name of free trade

The American politicians “taught the world a lesson” by launching protectionism measures in the name of free trade. By unilaterally instigating trade frictions against so many countries, the Uncle Sam shut down the door of free trade with trade barriers.
Source: People's Daily app | 2019/6/11 10:28:23

China's foreign exchange reserves exceed $3.1 trillion in May, highest in nine months

China's foreign exchange reserves jumped $6.1 billion from the end of April to $3.1 trillion at the end of May, the highest figure in nine months, according to the State Administration of Foreign Exchange (SAFE) on Monday.
Source: Global Times | 2019/6/10 19:48:40

Chinese-funded solar project lights up remote Philippine village

It's a double celebration for Jaderick Castillo, 12, and some other 1,000 residents of a village of this town in Zambales province in the Philippine main Luzon island.
Source: Xinhua | 2019/6/10 12:12:37

G20 ministers issue joint statement on trade, digital economy

Finance ministers and central bank governors from the Group of 20 economies on Sunday issued a joint statement in the Japanese city of Fukuoka after a two-day meeting on trade and digital economy.
Source: Xinhua | 2019/6/9 21:41:33

China-EU railway link to be strengthened via communication

The volume of a railway link between China and the EU can be doubled or more with improved communication among parties involved in the signature project, a key Russian executive involved in the train service said.
Source: Global Times | 2019/6/9 21:38:40

China to relax NEV purchase restrictions

China proposed new measures to boost new-energy vehicle (NEV) and home appliance consumption, a move that would release demand for millions of vehicles in cities across the country, analysts said on Sunday.
Source: Global Times | 2019/6/9 21:28:40

China, CEEC aim for more cooperation at expo

Attendees from both Chinese and European governments expressed hopes to strengthen cooperation between China and Central and Eastern European countries (CEEC) at the China-CEEC Cooperation Forum held on Sunday in Ningbo, East China's Zhejiang Province.
Source: Global Times | 2019/6/9 21:23:39