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Trump's trade war fails to drive investment out of China: survey

US President Donald Trump launched his trade war with China more than a year ago to, in part, force manufacturing companies into the US and drive investment out of China. If that was his goal, he has clearly failed, a survey showed on Monday.
Source: Global Times | 2019/12/9 16:43:39

Peru's economy faces "uncertainties" towards 2020, say experts

Peru's economy faces "uncertainties" as it marches towards 2020, due to both internal and external factors, experts have said, adding that they were still optimistic about future growth.
Source: Xinhua | 2019/12/9 15:28:58

Japan's GDP upwardly revised to 1.8 pct growth for Q3

Japan's economy grew an annualized real 1.8 percent in the July-September quarter, with the growth upwardly revised from a 0.2-percent expansion, the government said in a report on Monday.
Source: Xinhua | 2019/12/9 10:22:03

Hainan duty-free sales rise rapidly

Customers visit a duty-free shop in Haikou, south China's Hainan Province, Dec. 8, 2019. Offshore duty-free shops on China's island province of Hainan raked in 12.89 billion yuan (about 1.8 billion U.S. dollars) in sales over the past year, up about 34 percent year on year, according to local customs. From Dec. 1, 2018 to the end of November, Hainan's duty-free shops received 3.29 million customers and sold 17.46 million items, up 20.1 percent and 31.87 percent, respectively. (Xinhua/Yang Guanyu)
Source: Xinhua | 2019/12/9 9:37:33

China will surely hit Vision 2020 goals amid pressure

Facing external uncertainties and an industrial transformation, China is still able to achieve its set goal of "doubling GDP and per-capita income" in 2020 from 2010, with a strong GDP base built up by years of rapid development and the country's vast consumption potential, Chinese economists said on Sunday.
Source: Global Times | 2019/12/8 21:28:42

Chinese, Americans urged to resist decoupling trend

Just days after a top Chinese diplomat called for both Chinese and American companies to stand up against anyone who tries to stir up confrontation and hatred between the two countries, a senior US expert also summoned citizens to do their bit to bring China-US relations back on track.
Source: Global Times | 2019/12/8 18:58:39

HKSAR plans higher expenditures to ease economic woes amid unrest

The government of the Hong Kong Special Administrative Region (HKSAR) will expand fiscal expenditure within its means to ease economic burden on individuals and companies. But restoring social order is the essential premise to recover economic growth, experts said on Sunday.
Source: Global Times | 2019/12/8 19:03:39

A glance at 2020 economy

A glance at 2020 China's economic work
Source: Global Times | 2019/12/8 21:38:40

China focuses on reforming financial sector, expanding opening-up

As risks stemming from China's stock market have been largely eliminated, the nation will focus more on reforming its financial sector while expanding the capital markets' opening-up, an analyst said on Sunday.
Source: Global Times | 2019/12/8 21:33:40

Shenzhen's new talent policies will boost Greater Bay Area development: expert

New measures to attract talent from Hong Kong and Macao announced by the Qianhai district in Shenzhen, South China's Guangdong Province will help such professionals settle in the city and boost the development of the Guangdong-Hong Kong-Macao Greater Bay Area, a Hong Kong economist said Sunday.
Source: Global Times | 2019/12/8 21:28:41

Stabilizing growth key for China amid uncertainties

As downward pressure on the Chinese economy is expected to continue in 2020 amid internal and external uncertainties, the policymakers are expected to focus on stabilizing growth next year with larger tax and fee cuts for businesses and more proactive fiscal and monetary stimulus, analysts said on Sunday.
Source: Global Times | 2019/12/8 21:28:40

1st centenary goal within reach

As downward pressure on the Chinese economy is expected to continue in 2020 amid internal and external uncertainties, the policymakers are expected to focus on stabilizing growth and staving off risks next year.
Source: Global Times | 2019/12/8 21:23:40

Why does World Bank still extend loans to China?

After the World Bank adopted a plan of a reduced loan plan to China, US officials, including President Donald Trump, rushed to blast the move and went as far as calling the bank to stop all loans to China. Their single argument is that China is now rich and does not need the low-interest loans anymore.
Source: Global Times | 2019/12/8 15:28:39

China-US trade down 11.1% from Jan-Nov, still 'positive' in general

China's trade with the US plunged 11.1 percent to 3.4 trillion yuan ($483 billion) in the first 11 months of the year as the long-running bilateral trade war continued to batter both sides, according to customs data released on Sunday. The 11-month decline widened from a 10.6 percent contraction in the first 10 months
Source: Global Times | 2019/12/8 14:47:06

China's foreign trade up 2.4 pct in first 11 months

China's foreign trade registered steady growth in the first 11 months of 2019 by expanding 2.4 percent year on year, the General Administration of Customs said Sunday.
Source: Xinhua | 2019/12/8 11:13:10

Chinese, Americans summoned to fight decoupling trend

Just days after a top Chinese diplomat called for both Chinese and American companies to stand up against anyone who tries to stir up confrontation and hatred between the two countries, a senior US expert also summoned citizens to do their bit to bring China-US relations back on track.
Source: Global Times | 2019/12/7 22:35:50

China's forex reserves stand at 3.0956 trln US dollars at end of November

China's foreign exchange reserves came in at 3.09 trillion US dollars at the end of November, official data showed Saturday.
Source: Xinhua | 2019/12/7 17:27:54

US objections to World Bank's China lending plan absurd: experts

The objections from the Trump administration on the World Bank's annual China lending plan is totally absurd, because it's legitimate and reasonable for China to accept the lending plan, according to experts.
Source: Global Times | 2019/12/7 17:19:33