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Trade war impact on Chinese economy to dwindle in 2020

Impact on the Chinese economy from the protracted China-US trade war will dwindle in 2020 as the country adapts to external pressure, a change that will help China maintain a relatively robust growth in 2020 despite an anticipated growth-rate slowdown, analysts said on Friday.
Source: Global Times | 2019/12/6 22:18:40

CPC Central Committee holds symposium to solicit advice on economic work

The Communist Party of China (CPC) Central Committee has convened a symposium to solicit opinions and suggestions on economic work from non-CPC personages.
Source: Xinhua | 2019/12/6 20:03:31

Unrest causes over 2 pct GDP slip in Hong Kong: official

Out of the 2.9-percent gross domestic product slip in the third quarter in Hong Kong, over 2 percentage points were caused by the prolonged social unrest, a senior official of China's Hong Kong Special Administrative Region (HKSAR) government said Friday.
Source: Xinhua | 2019/12/6 20:08:03

Number of private companies in China rising: NBS

China has witnessed an increase in the number of private enterprises in the past five years, but the development of foreign-invested enterprises has slowed down, a report released by the National Bureau of Statistics (NBS) said on Friday.
Source: Global Times | 2019/12/6 19:58:40

CPC leadership deliberates upon 2020 economic work, anti-corruption

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting Friday to analyze the economic work for 2020 and make plans for improving conduct and building integrity within the CPC as well as fighting corruption.
Source: Xinhua | 2019/12/6 19:42:58

World Bank lending for China to gradually decline as relationship enters "new phase"

The World Bank's relationship with China is entering a new phase, the multilateral institution said Thursday, noting that lending to the country will gradually decline during the next five years.
Source: Xinhua | 2019/12/6 17:20:27

China working on tax exemptions for US soybean, pork imports

China is working on tax exemptions on part of the soybeans and pork imported from the United States in light of applications submitted by related enterprises, the Customs Tariff Commission of the State Council said Friday.
Source: Xinhua | 2019/12/6 14:12:04

Huawei 'de-Americanizing' its phones

Despite being caught in the crosshairs of Washington's assaults on China's technology and trade sectors, Huawei has at least learned one lesson from its treatment by the US. That is: cross-border business partnership is something worth seeking but never to be taken for granted.
Source: Global Times | 2019/12/5 23:38:40

Huawei steps up legal battle

Amid legal disputes and an escalated crackdown by Washington, Huawei has not stopped moving forward to defend its rights, a rational and legitimate way to win the battle against the US as well as the hearts of the public.
Source: Global Times | 2019/12/5 23:13:40

WTO's final dispute mechanism on cliff edge

The Appellate Body, the global mechanism to settle trade disputes under the World Trade Organization (WTO), is at the edge of a cliff. As early as next Tuesday, it may lose the ability to reach a quorum and function, due to the US' obstruction of selecting new members to the body.
Source: Global Times | 2019/12/5 21:18:41

Figuratively Speaking

Estimated spending on pets by Chinese people in 2019, up 19 percent on a yearly basis: industry website goumin.com
Source: Global Times | 2019/12/5 21:03:44

China holds to tariff demand amid US threats

Chinese government on Thursday made it clear that it would not back down on core demands for a phase one trade agreement with the US, as they reiterated that rolling back tariffs is a must and a trade deal needs to be mutually acceptable, despite erratic statements from US officials.
Source: Global Times | 2019/12/5 20:08:40

RCEP members move to resolve India's concerns

Members of the Regional Comprehensive Economic Partnership (RCEP) are resolving problems that concern India in a way that satisfies all participants, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Thursday.
Source: Global Times | 2019/12/5 19:48:40

US tariffs on Argentina, Brazil impact balance of trade -- economist

The U.S. decision to reimpose tariffs on steel and aluminum imports from Argentina and Brazil is a protectionist measure that shows it is flouting its responsibility in maintaining the international balance of trade, according to economist Jorge Marchini.
Source: Xinhua | 2019/12/5 14:00:49

Yuan systematically transforms into global currency

The Chinese currency, the yuan, is systematically transforming into a global currency despite seasonal fluctuations as well as political uncertainties, according to financial experts and currency data recorded by the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the current international payments network.
Source: Global Times | 2019/12/5 0:33:39

Revolt brews against dollar hegemony

As the US continues to disregard the international rules that have helped govern the global financial and trade order for decades and imposes sanctions on any country that does not bend to its political will, a revolt is slowly but surely shaping up against Washington's financial hegemony.
Source: Global Times | 2019/12/5 0:28:39

Breaking the dollar

As the US continues to disregard the international rules that have helped govern the global financial and trade order for decades and imposes sanctions on any country that does not bend to its political will, a revolt is slowly but surely shaping up against Washington's financial hegemony. How thunderous is the call to challenge the US dollar's hegemony?
Source: Global Times | 2019/12/5 0:13:39

China sets no timetable for clinching trade deal with US: FM

China has no timetable for reaching a trade deal with the US or not doing so, a Chinese Foreign Ministry spokesperson said on Wednesday, reiterating that trade talks should be based on equality and mutual respect, while a result should be of mutual benefit and accepted by both sides.
Source: Global Times | 2019/12/4 21:08:41