SOURCE >> Economy

Aussie manufacturing output hits 3-year low: report

Australia's manufacturing sector has run into a brick wall according to a leading business lobby on Monday, with activity levels hitting their lowest point in three years.
Source: Xinhua | 2019/12/2 14:29:19

S.Korea's consumer price rises 0.2 pct in November

South Korea's consumer price rose 0.2 percent in November from a year earlier, turning upward in four months, statistical office data showed Monday.
Source: Xinhua | 2019/12/2 14:10:12

China's manufacturing PMI expanded beyond prediction in Nov: Caixin PMI

China's factory activity expanded more than had been predicted in November, as the Caixin/Markit manufacturing purchasing managers' index (PMI) rose to its highest level in almost three years. Experts believe that the trend reflects upgrades in the economy and increasing order numbers.
Source: Global Times | 2019/12/2 12:11:05

China outlines integrated development of Yangtze River Delta

The Communist Party of China Central Committee and the State Council on Sunday jointly issued an outline of the integrated regional development of the Yangtze River Delta.
Source: Xinhua | 2019/12/2 9:39:32

China will maintain currency stability, prudent monetary policy: PBC

China won't use the yuan's exchange rate as an instrument, and it will refrain from a beggar-thy-neighbor policy and strengthen efforts to advance reform of a market-based mechanism of the yuan exchange rate, said Yi Gang, governor of the People's Bank of China (PBC) on Sunday.
Source: Global Times | 2019/12/1 19:53:07

Japan unlikely to abandon RCEP: experts

Japan has too much to gain and will not abandon the Regional Comprehensive Economic Partnership (RCEP) easily, even without the presence of India, despite recent comments by a Japanese official on a possible withdrawal, experts said on Sunday.
Source: Global Times | 2019/12/1 19:38:41

Phase one deal coming?

Despite a spiraling diplomatic row over Hong Kong, a vast majority of top Chinese experts believe a phase one trade deal is still highly likely, though they are split over whether a deal could be reached before the year's end, a GT Source survey shows.
Source: Global Times | 2019/12/1 23:18:40

First stage of China-US trade deal near?

Are China and the US on the way to reaching the first stage of a trade agreement? How far away is the realization of this goal? For some time, both sides have been sending out messages. The US actually contributes more information, but these messages often cancel each other out. It is still uncertain when a consensus can be reached for a phase one trade deal.
Source: Global Times | 2019/12/1 23:23:43

China could provide exports to ease India's onion crisis: expert

Onion prices in India have soared to record high levels in recent months, which has caused a crisis in the big onion consumption country, and now China could help ease the situation by facilitating onion exports to India, a Chinese expert said on Sunday.
Source: Global Times | 2019/12/1 19:33:39

Cold winter for HK aviation industry due to unrest, needs long time to resume: expert

Airlines in the Hong Kong Special Administrative Region (HKSAR) are cutting flights and capacity to tackle with the declining demand of the city's aviation industry brought about by months of unrest, while neighboring Shenzhen, South China's Guangdong Province, has been expanding international flights to meet surging transport demand.
Source: Global Times | 2019/12/1 19:23:39

'It is not that hard': Trump can make the China deal happen

US President Donald Trump has repeatedly claimed that China wants a trade agreement more than the US, but Chinese experts argue that it is Trump who needs a deal more because he is in dire need of a foreign policy win ahead of a heated presidential election in 2020. More importantly, Trump can easily make it happen, experts noted.
Source: Global Times | 2019/12/1 21:28:40

Chinese experts overwhelmingly optimistic about phase one deal

Despite a serious escalation in diplomatic tensions between China and the US over Hong Kong affairs, Chinese experts remain overwhelmingly optimistic that Beijing and Washington can still reach a phase one trade agreement, a new Global Times survey showed on Sunday.
Source: Global Times | 2019/12/1 20:18:40

Tesla's gamble will pay off amid trade war: experts

Chinese customers are ready to pay for Tesla's Model 3s assembled in its Shanghai plant, as the US carmaker made a dash to advertise its electric cars before delivering the first batch in January or early February, Tesla's salespeople said on Sunday.
Source: Global Times | 2019/12/1 20:13:39

China's free trade partners increasing, US unchanged

Among the year-long trade war between China and the US, China's free trade partners have been gradually increasing while those of the US have remained the same, according to data gathered by the Global Times from each country's official trade websites.
Source: Global Times | 2019/12/1 19:38:40

Chinese brides drive global diamonds supply

The diamond market in China has seen fast growth in recent years, mirroring the growth of China's middle class. Chinese demand for diamonds saw robust growth in 2018, up five percent in US dollar terms annually to about $10 billion.
Source: Global Times | 2019/12/1 18:43:40

HKSAR financial chief expects more tech firms to go public in HK following Alibaba

Financial Secretary of China's Hong Kong Special Administrative Region (HKSAR) government Paul Chan said the major opportunities will likely come from the Guangdong-Hong Kong-Macao Greater Bay Area as more and more tech startups are emerging and thriving in the area that aims to become an international center for technology and innovation.
Source: Xinhua | 2019/12/1 13:55:58

US online shoppers spend 7.4 bln USD on Black Friday

US online shoppers spent 7.4 billion dollars on Black Friday, up by 19.6 percent from last year, according to the web analytics tool Adobe Analytics.
Source: Xinhua | 2019/12/1 9:29:25

China's growth forecast at 6.1 pct for 2020: report

The annual growth rate of China's economy is projected at 6.1 percent, according to a report by the Bank of China (BOC).
Source: Xinhua | 2019/11/30 17:51:13