SOURCE >> Economy

China, US reach trade deal in principle for temporary ceasefire

China and the US reached consensus on a phase one trade deal on Friday night, the first deal in nearly 20 months after a trade war erupted between the two countries.
Source: Global Times | 2019/12/13 23:20:55

China approves draft regulation on implementing foreign investment law

China approved a draft regulation on implementing the foreign investment law Thursday to better protect the interests of foreign investors.
Source: Xinhua | 2019/12/13 21:02:45

Chinese shares rally on Friday amid confidence in economy and trade-talk progress

China's A shares rallied on Friday amid resounding signals for the Chinese economy from the annual Central Economic Work Conference, and Washington's reported plan to roll back tariffs on Chinese imports due on December 15.
Source: Global Times | 2019/12/13 18:38:40

Standard Bank launches UnionPay card to provide convenience for travelers to China

The Standard Bank of South Africa launched the UnionPay card, both virtual and physical form on the bank's Shyft app, to local account holders on Thursday.
Source: Xinhua | 2019/12/13 18:22:04

China's FDI inflow up 6 pct in January-November period

Foreign direct investment (FDI) into the Chinese mainland expanded six percent year on year to 845.9 billion yuan in the first 11 months of the year, data from the Ministry of Commerce (MOC) showed Friday.
Source: Xinhua | 2019/12/13 17:55:39

China to keep opening up financial sector: regulator

China will keep opening up its financial sector while controlling risks, the country's banking and insurance regulator said.
Source: Xinhua | 2019/12/13 17:24:38

Institutional ingredients for China's resilience

Institutional ingredients for China's resilience
Source: Xinhua | 2019/12/13 15:51:22

Threat of new US tariffs haunts markets

China has been waiving import tariffs for some soybean and pork imports from the US, according to Gao Feng, spokesperson of the Ministry of Commerce on Thursday. Gao added the trade talks with US are ongoing.
Source: Global Times | 2019/12/12 22:38:40

Chinese shares rally on Friday amid confidence in economy and trade-talk progress

China's A shares rallied on Friday amid resounding signals for the Chinese economy from the annual Central Economic Work Conference, and Washington's reported plan to roll back tariffs on Chinese imports due on December 15.
Source: Global Times | 2019/12/13 11:08:39

Assets of China's financial institutions up 8.1 percent

The total assets of Chinese financial institutions rose 8.1 percent to 312.46 trillion yuan (about 44.5 trillion US dollars) at the end of the third quarter, central bank data showed Thursday.
Source: Xinhua | 2019/12/13 8:58:15

US Army's establishment of rare-earth fund is too little, too late

The US Army plans to fund the construction of rare-earth facilities to secure crucial supplies for its military weapons and electronic systems. Analysts say the US remains highly reliant on Chinese exports and is incapable of producing sufficient rare-earth minerals as it needs, within a short timeframe.
Source: Global Times | 2019/12/12 22:48:40

American shoppers to pay if Trump goes ahead with new tariffs

US shoppers and companies are likely to receive a special Christmas gift from President Donald Trump: higher prices for items ranging from toys to Christmas lights, as the US government is said to implement a round of tariff increases for Christmas-related products imported from China.
Source: Global Times | 2019/12/12 22:43:40

World waits on US tariff move

The world is watching closely as to whether the US will impose a fresh round of tariffs on December 15 on many Chinese goods. But US brinksmanship won't work when it comes to China, which announced in August that it would impose tariffs on US goods if the planned US tariffs are in effect.
Source: Global Times | 2019/12/12 22:28:40

Too late for Fed to cut rates if US imposes further tariffs: expert

If the US decides to put a fresh batch of tariffs on tens of billions of dollars worth of Chinese goods planned for Sunday, it would be too late for the US Federal Reserve to cut interest rates, and American consumers may not be able to afford the costs of the US-initiated trade war, experts said after the Fed left its benchmark rate unchanged.
Source: Global Times | 2019/12/12 21:53:40

Nation to offer ideas to restore WTO appeal function

China is studying an interim plan for handling WTO disputes while the Appellate Body of the World Trade Organization is paralyzed, said a senior official on Thursday.
Source: Global Times | 2019/12/12 21:18:40

Figuratively Speaking

Figures of Today
Source: Global Times | 2019/12/12 21:13:44

China-Russia trade to reach new high of $110 billion in 2019

China-Russia bilateral trade exceeded $100 billion in the first 11 months of this year, and it is expected to exceed $110 billion by year-end, setting a record high, Gao Feng, spokesperson for the Ministry of Commerce (MOFCOM) told a news conference in Beijing on Thursday.
Source: Global Times | 2019/12/12 21:08:41

China remains top target for South Korean companies: authority

China is still the first choice for South Korean companies in investment and, despite Samsung's recent removal of its smartphone production out of China, South Korean authorities said.
Source: Global Times | 2019/12/12 20:53:43