SOURCE >> Economy

China vows to further open up

China is expected to deepen reforms while pushing its market opening to a new level next year, a move that Chinese economists said will inject momentum into its economic growth amid a tougher external environment.
Source: Global Times | 2019/12/16 0:43:39

What's next for China-US trade?

With China and the US having reached a consensus on the text of a phase one trade deal, officials and entrepreneurs on both sides are hailing this encouraging first step toward a final agreement between the world's two largest economies. But the long-running negotiations went back and forth due to the US' fickle stance, so what should we expect next? (See timeline, charts on Page S4-5)
Source: Global Times | 2019/12/15 23:13:40

What to expect next

What to expect next about China-US trade talks?
Source: Global Times | 2019/12/15 23:08:40

China-US trade volume change since July 2018

trade volume
Source: Global Times | 2019/12/15 23:03:40

China's soybean import since July 2018

China's soybean imports from the US
Source: Global Times | 2019/12/15 22:58:40


“The conclusion of the phase-one trade deal between China and the US does not target or affect the legitimate rights and interests of any third parties. The deal is good news for the world.”
Source: Global Times | 2019/12/15 22:53:40

How tariff tit-for-tat unfolded

Key events between China and the US since 2018.
Source: Global Times | 2019/12/15 22:48:40

Key annual conference vows more opening-up

Further opening-up can help bolster the efficiency and competitiveness of Chinese markets, while relieving pressure on the global economy, Chinese experts said on Sunday.
Source: Global Times | 2019/12/15 20:58:39

Green Corridor to boost agricultural trade with Pakistan

China and Pakistan have agreed to launch a “Green Corridor” system that will fast-track two-way customs clearance exclusively for agricultural products, according to a statement from China's Ministry of Commerce (MOFCOM) on Thursday.
Source: Global Times | 2019/12/15 20:53:39

HKIA sees 16.2% fall in Nov passenger traffic, biggest in 10 years

Hong Kong International Airport (HKIA) saw a 16.2 percent year-on-year decrease of passenger traffic in November, the biggest drop in 10 years, adding urgency for the transport hub to quell social unrest that has hit passengers' willingness to travel through to the city.
Source: Global Times | 2019/12/15 20:48:40

Yangtze River Delta region sets rail passenger record

China's Yangtze River Delta has reportedly set a record in annual railway passenger flows, fueled by the region's nation-leading railway network construction. Experts said that investment in the area's railway networks is likely to speed up further, as refinement of transport facilities would stimulate its integrated development by encouraging talent flows and tourism.
Source: Global Times | 2019/12/15 20:43:40

China suspends planned additional tariffs on some US products

China suspended the planned additional tariffs on some US products to be implemented at 12:01 p.m. on Dec. 15 (Beijing Time), the Customs Tariff Commission of the State Council said Sunday.
Source: Xinhua | 2019/12/15 12:00:54

US soybean futures jump over 2 pct weekly as trade optimism boosts technical buying

Chicago Board of Trade (CBOT) agricultural futures settled higher for the trading week ending Dec. 13, with soybeans rising over 2 percent mostly as China and the United States agreed on the text of a phase-one trade deal.
Source: Xinhua | 2019/12/15 11:29:44

China's border province Yunnan posts strong trade growth

Southwest China's Yunnan Province saw foreign trade rise 18 percent year on year to nearly 209 billion yuan (around 29.9 billion U.S. dollars) from January to November.
Source: Xinhua | 2019/12/15 11:24:54

China-US phase-one trade deal positive to business sentiment, growth: expert

The phase-one economic and trade deal between United States and China will be beneficial to business sentiment and economic growth in multiple countries around the world, an expert with Swiss financial institution UBS said on Friday.
Source: Xinhua | 2019/12/15 11:22:48

Wang Yi: China-US phase one trade deal 'good news for all'

China and the United States' "phase one" trade agreement is good news for all and will "provide stability in global trade", Chinese State Councilor and Foreign Minister Wang Yi said Saturday when holding a joint press conference with his Slovenian counterpart Miro Cerar.
Source: CGTN | 2019/12/15 9:46:07

China warns against virtual currency trading, ICO risks

The National Internet Finance Association of China (NIFA) alerted the market to risks in Initial Coin Offerings (ICOs) and virtual currency trading.
Source: Xinhua | 2019/12/14 19:12:47

China resilient to challenges, GDP to grow 6% next year: Economists

China has launched a more comprehensive and long-term economic strategy to tackle the downward pressure that includes not only macro counter-cyclical policies but also active promotion of its opening-up and reforms, senior economists said Saturday after the just-concluded annual Central Economic Work Conference.
Source: Global Times | 2019/12/14 16:52:11