BUSINESS >> Markets

Investors aren't panicking over trade; financial markets generally stable, official says

China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing has stressed twice in interviews in the past three days that Chinese people have not panicked when domestic financial markets are burdened with pressure from the China-US trade war.
Source: Global Times | 2019/5/28 21:13:41

US should take a long, hard look in the mirror rather than blaming China

"Fixating on scapegoats is apparently much easier than taking a long, hard look in the mirror," said Stephen Roach, a senior fellow at Yale University's Jackson Institute of Global Affairs in an article he recently published.
Source: People's Daily | 2019/5/28 16:38:11

Hegemonic practices of US will finally lead to failure

There's a proverb in the western world that self-knowledge is the most valuable knowledge. However, some US politicians, who are just not able to have a clear knowledge of themselves and the global situation, are still stubbornly following the outdated hegemonic approach.
Source: People's Daily | 2019/5/28 16:35:31

Chinese lawmakers call for strengthened SME promotion

Senior Chinese legislators Monday called for greater efforts to strengthen the work on promoting small and medium-sized enterprises (SMEs) and better implement national strategies to promote SMEs.
Source: Xinhua | 2019/5/28 2:58:23

Chinese investors show growing interest in Ethiopia's mining sector

Ethiopia's mining sector has recently emerged as one of the major priority investment areas among potential Chinese investors amid the Ethiopian government's efforts to attract foreign firms in the extraction of the country's abundant mineral resources, an Ethiopian official said Monday.
Source: Xinhua | 2019/5/28 2:57:17

China's A shares rise after FTSE inclusion

Equities on the Chinese mainland edged up on Monday in response to the inclusion of 20 percent of the A shares by leading global multi-asset index FTSE Russell in its widely tracked global benchmarks, effective on June 24.
Source: Global Times | 2019/5/27 21:38:40

Data a key driver of high-quality economic development: official

As a fundamental and strategic resource, data has become a key driving force for high-quality development of the Chinese economy, an official has said.
Source: Xinhua | 2019/5/27 21:27:38

Huawei resilient under existential threat

For many, an intensifying global crackdown campaign by the US government could be terrifying and existential. But for Ren Zhengfei, CEO and founder of Chinese telecom giant Huawei, this could be a best time for the company rather than the most dangerous risk.
Source: Global Times | 2019/5/27 21:13:41

China to expand opening-up of manufacturing sector: official

China will continually open up its manufacturing sector despite the rise of protectionism elsewhere in the world, a senior official noted in an interview with Xinhua.
Source: Xinhua | 2019/5/27 21:06:11

Hubei sets up over 300 5G base stations

Central China's Hubei Province has built more than 300 5G base stations and achieved full 5G signal coverage in its prefecture-level cities, local telecom sources said.
Source: Xinhua | 2019/5/27 21:05:18

China's industrial profits fall in April over cut in value-added tax: NBS

The profits of China's major industrial enterprises fell in April due to a value-added tax (VAT) rate reduction that caused the front-loading of demand for some items in March, official data showed Monday.
Source: Global Times | 2019/5/27 21:03:41

China remains as most attractive investment destination: official

China remains the world's most appealing investment destination as it has sound infrastructure, supporting industrial systems, an improving business environment and an upgraded consumer market, an official said in an interview with Xinhua.
Source: Xinhua | 2019/5/27 20:50:57

Niger eyes cooperation with China's Alibaba

Niger wholeheartedly looks forward to cooperating with Alibaba Group Holdings, not only to boost agricultural product exports with the help of e-commerce but also to take part in training programs provided by the company, said Nigerien President Mahamadou Issoufou.
Source: Global Times | 2019/5/27 20:08:40

US refusal to competition impedes development, leads to failure

If a cause is beneficial to society, it should be granted free development and broad competition, and the freer and broader the competition is, the more beneficial the cause would be to society. What Adam Smith says in the Wealth of Nations is still applicable to today's world where economic globalization is going through in-depth development.
Source: People's Daily | 2019/5/27 18:25:00

Trade war won't destroy China's build-in supply chain

The current trade war with the US cannot destroy China's advantages in the supply chain advantages and will in fact help the country's manufacturing base to climb faster and higher up the value chain, Chinese industry insiders noted.
Source: Global Times | 2019/5/26 21:53:41

China's new cybersecurity rule indicates possible retaliation against US

A new draft regulation on cybersecurity could set the stage for Chinese regulators to take necessary action against US technology companies if their products and services are found to pose a threat to China's national security, an industry analyst said on Sunday.
Source: Global Times | 2019/5/26 21:28:40

Huawei defiant over mounting pressure

Telecom company Huawei Technologies Co on Sunday remained defiant over mounting pressure from the US, after some US-based industry standard bodies temporarily restricted the Chinese company's participation, downplaying the potential impact of the move on its business and blasting the bodies' unjust decisions.
Source: Global Times | 2019/5/26 20:03:40

Xi sends congratulatory letter to China Int'l Big Data Industry Expo

Chinese President Xi Jinping sent a congratulatory letter to the China International Big Data Industry Expo 2019, which opened in the city of Guiyang, southwest China's Guizhou Province, on Sunday.
Source: Xinhua | 2019/5/26 17:37:50