BUSINESS >> Markets

Big span, big plan

The Shanghai-Nantong Yangtze River Bridge is under construction in Nantong, East China's Jiangsu Province on Monday. The 11.07-kilometer-long bridge, now known as the Hutong bridge, will function as a major link to integrate big cities in the Yangtze River Delta. It is expected to open to traffic in 2020. Photo: VCG
Source: VCG | 2019/8/6 22:03:40

Shanghai's Lingang area to deepen opening-up

The Lingang New Area of the China (Shanghai) Pilot Free Trade Zone (FTZ) will be benchmarked against high international standards to compete with the top FTZs worldwide with some of the most preferential policies to ensure the opening up of the Chinese economy, according to a press conference held by the Ministry of Commerce on Tuesday.
Source: Global Times | 2019/8/6 21:58:40

HK aviation sector risks losing passengers if it indulges protesters

Hong Kong's aviation industry risks losing its passengers to adjacent regions if they don't quickly make their stance clear and continue to indulge protestors who wantonly obstruct their normal operations, according to analysts.
Source: Global Times | 2019/8/6 21:48:40

'Currency manipulation' accusation latest weapon in US arsenal against China

Following US President Donald Trump's reckless steps creating global trade and finance chaos, the US Treasury moved to name China as a "currency manipulator" on Monday, in a move denounced by Chinese economists as utterly groundless and hegemonic.
Source: Global Times | 2019/8/6 14:05:45

US stocks plunge amid trade tensions

US stocks plunged on Monday as investors worry that US President Donald Trump's threatened new tariffs on Chinese imports will worsen trade prospects.
Source: Xinhua | 2019/8/6 10:26:31

China halts purchase of US agricultural products amid escalating trade war

Chinese companies have halted purchasing US agricultural products after the Trump administration threatened to impose 10 percent tariffs on $300 billion worth of Chinese imports, Ministry of Foreign Affairs spokesperson Hua Chunying said on Tuesday.
Source: Global Times | 2019/8/6 10:03:20

Yuan depreciation market's reaction to US tariff threat, says analyst

China won't use the yuan as a tool to deal with trade conflicts, central bank governor Yi Gang said Monday, vouching for the nation's persistence in the market-oriented yuan following the Chinese currency's slide past a key mark.
Source: Global Times | 2019/8/5 23:18:32

Brewing brands in Beijing

Ceramic teapots are on display at the China International Fine Ceramics Exhibition held in Beijing on Sunday. The exhibition has attracted more than 800 brands from home and abroad, showcasing various products including traditional ceramics, modern art porcelain and cultural and creative gifts. Photo: VCG
Source: VCG | 2019/8/5 21:33:41

China's central bank speeds up digital currency drive

With internet technologies advancing and cryptocurrencies flourishing amid a broad digital transformation, individual countries are starting to issue legal tender in digital form, and the People's Bank of China (PBC), the country's central bank, is also accelerating its pace in this area.
Source: Global Times | 2019/8/5 20:48:40

China should not lose its strategic focus in dealing with flip-flop Trump administration: experts

China should increase the breadth and depth of its reform and opening-up, boosting the vitality of the domestic economy and winning over global partners in the trade war with the US, Chinese analysts said on Monday, after the Trump administration once again showed its volatile nature on the heels of the 12th round of bilateral trade consultations.
Source: Global Times | 2019/8/5 20:08:41

Huawei's foldable phone moves forward, but mass output still awaits

Huawei Technologies Co is supposed to put the Mate X foldable phone on the market next month, but it probably won't achieve mass production yet due to quality concerns, an industry insider said on Monday.
Source: Global Times | 2019/8/5 19:33:40

Mechanical attraction

A child interacts with a robot at the Futian high-speed railway station in Shenzhen, South China's Guangdong Province on Sunday. A week-long 5G experience event, jointly held by companies including China Mobile, China Telecom, China Unicom, Shenzhen Metro, Huawei and ZTE, is taking place at the station. Photo: VCG
Source: VCG | 2019/8/4 21:28:40

China's inland cities grow robustly in H1, while coastal metropolises are slowing down

Though the China-US trade war weighs on the nation's economy, some Chinese cities have reported robust first-half GDP growth, of which many are inland cities whose economies have been boosted by booming trade with emerging markets and rising investment.
Source: Global Times | 2019/8/4 20:58:39

China no longer US' top trade partner: statistics

China is no longer the biggest trade partner of the US, as tariff barriers imposed by the US caused a slowdown of bilateral trade, according to statistics released by the US Department of Commerce on Friday. But as the trade fight is exacerbated by the next round of tariffs announced by the Trump administration, more ordinary US consumers will be harmed, said experts.
Source: Global Times | 2019/8/4 19:48:39

RCEP talks accelerate amid challenges

A just-concluded ministerial meeting on the Regional Comprehensive Economic Partnership (RCEP) negotiations achieved significant progress, but the remaining work is more critical and all parties must redouble their efforts amid rising US protectionism and a tit-for-tat trade fight between Japan and South Korea, experts said.
Source: Global Times | 2019/8/4 19:03:39

China's booming tourism market fosters new jobs

China's booming tourism market has helped foster new career opportunities as people's travel demands upgrade, the People's Daily overseas edition reported earlier this week.
Source: Xinhua | 2019/8/4 12:06:34

US stocks extend losses amid worries over trade, Fed

US stocks wrapped up the week on a gloomy note, as Wall Street was battered by growing concerns over the US Federal Reserve's latest monetary policy and US-China trade prospects, as well as digested a slew of mixed data that dampened growth potential.
Source: Xinhua | 2019/8/4 11:59:48

US trade deficit narrows slightly amid escalating trade tensions

The overall US trade deficit narrowed slightly in June as both imports and exports declined amid escalating trade tensions, US government figures showed on Friday.
Source: Xinhua | 2019/8/3 15:18:58