SOURCE >> Economy

HK tourism agency adjusts Lunar New Year activity amid unrest

The Hong Kong Tourism Board (HKTB) has decided to continue preparations for the upcoming Christmas holiday and the spring festival, which falls in January next year, with the aim to attract more visitors to the city, but it is still too early to predict the outcome, a spokesperson told the Global Times on Tuesday.
Source: Global Times | 2019/11/26 21:23:40

Japan's beef exports closer to Chinese market amid growing meat demand

More global meat exporters will benefit from China's growing middle class and meat demand, with Japan likely to become the latest beneficiary.
Source: Global Times | 2019/11/26 20:38:41

Chinese technology firms shift listings away from US

Chinese technology behemoth Alibaba made headlines on Tuesday by going “back home” with the world's largest IPO so far in Hong Kong, in addition to its US listing.
Source: Global Times | 2019/11/26 20:33:41

China, EU should take a leading role against protectionism: joint statement

China and the EU should play a leading role in countering trade protectionism through fair and mutually beneficial economic opening-up, and they should help reform the global trade system based on the WTO and other multilateral systems, said a joint statement issued by Chinese and EU representatives attending the two-day 3rd EU-China CEO and Former Senior Officials' Dialogue that closed in Beijing on Tuesday.
Source: Global Times | 2019/11/26 18:23:41

Philippines reaping economic benefits from harmonious ties with China: Finance Secretary

Philippine Finance Secretary Carlos Dominguez has said that the Philippines is reaping the benefits from building a harmonious relationship with China, reiterating the Philippines' full support for China's Belt and Road Initiative (BRI).
Source: Xinhua-Global Times | 2019/11/26 18:03:40

Digital technologies enable inclusive finance

In 2016, Zhang Zelin was engaged in a fierce bidding war over a rental property in Hangzhou, capital of East China's Zhejiang Province, where he planned to open a branch of his fast-food business.
Source: Xinhua-Global Times | 2019/11/26 17:58:40

5G helps upgrade China's mining industry

China's coal mining industry is embracing an upgrade with the assistance of 5G-based technology.
Source: Xinhua-Global Times | 2019/11/26 17:23:40

Alibaba, Ethiopia sign MoU on eWTP to boost digital economy

The Chinese e-commerce giant, Alibaba Group, and Ethiopia on Monday signed a memorandum of understanding (MoU) for the creation of Electronic World Trade Platform (eWTP), which is believed to be a game-changer initiative with the digital economy of the East African country.
Source: Xinhua | 2019/11/26 12:04:31

China, US agree to address remaining issues for phase one deal: MOFCOM

Chinese and US trade negotiators on Tuesday reached a consensus to properly address the core issues of their respective concerns, and agreed to maintain contact over remaining issues for a phase one trade agreement, China's Ministry of Commerce (MOFCOM) announced.
Source: Global Times | 2019/11/26 11:37:10

Alibaba's shares jumped by more than 7% on Hong Kong debut

Shares of Chinese tech giant Alibaba jumped by more than 7 percent on the first day of its debut in Hong Kong on Tuesday morning from its offer price of HK$176 ($22.49), marking it the world's largest IPO so far and the largest and the most valuable firm listed in Hong Kong bourse by market capitalization.
Source: Global Times | 2019/11/26 11:31:14

China's Tibet-Nepal Economic and Trade Fair 2019

In a bid to promote bilateral trade and economic relations between Nepal and China, China's Tibet-Nepal Economic and Trade Fair 2019 kicked off here on Monday.
Source: Xinhua | 2019/11/26 11:01:47

Experts dismiss negative media reports about phase one deal

Contrary to some media reports suggesting China and the US are struggling to reach a trade deal, the two sides are still moving closer to agreeing upon a phase one trade agreement with broad consensus having been reached, despite differences over the scale of tariff removals, according to Chinese experts close to the government.
Source: Global Times | 2019/11/25 20:13:42

China launches iron ore and other options to back commodity trade

China has just given the long-awaited green light to the trading of new commodity options including iron ore and rapeseed meal, part of a move to enrich the domestic derivatives market to supplement the nation's expanding commodity trade, experts said on Monday.
Source: Global Times | 2019/11/25 22:58:40

China releases tougher guideline on IPR protection

China will give equal treatment to all market players and equal protection for both domestic and foreign enterprises' intellectual property rights (IPR), in a bid to create a better environment for innovation and business, an official on Monday said after China issued a tougher guideline on enhancing IPR protection.
Source: Global Times | 2019/11/25 21:23:40

Bullying behavior by US denial of its own market economy principles: FM

The economic bullying behavior of the US is a blatant denial of the US' own market economy principles, spokesperson for China's Foreign Ministry Geng Shuang said on Monday, in response to US regulators' move to label two leading Chinese telecommunications companies a "national security threat."
Source: Global Times | 2019/11/25 20:18:42

Companies relocate to southern Xinjiang

Zhao Honggen, manager of a sock-manufacturing plant in Shaoxing, East China's Zhejiang Province, decided in 2016 to open a production line in Kuqa County in Northwest China's Xinjiang Uyghur Autonomous Region. Though the prospect was exciting, he was nervous.
Source: Global Times | 2019/11/25 17:58:41

China mounts fight against illegal virtual currency trading

China has been cracking down hard on illegal transactions related to virtual currency trading, the Economic Information Daily reported Monday.
Source: Xinhua | 2019/11/25 15:33:25

China's Hainan to open public facilities for 5G construction

South China's Hainan Province is taking measures to speed up 5G construction by unconditionally opening public facilities to mobile operators and strengthening coordination between 5G and road networks.
Source: Xinhua | 2019/11/25 10:14:22