SOURCE >> Economy

Over 830,000 new enterprises launched in April, signaling accelerating pace of recovery

The growing number of newly-launched ventures in China signals an accelerating pace of economic recovery as the Covid-19 is broadly brought under control within the country. More than 830,300 companies were registered in April, which is a record monthly high.
Source: Global Times | 2020/5/9 18:16:49

Following rosy April export, Chinese experts are cautious about May, June trade

Despite rosy April export data in China, experts remain cautious about the country's export prospects in the coming two months, as the negative impact of slumping foreign demands might eventuate further, they predicted.
Source: Global Times | 2020/5/9 17:28:40

US restaurant chain Popeyes begins China innings, unfazed by coronavirus

From Popeyes to Costco and Tesla, foreign enterprises are in a rush to clutch the Chinese market either by opening its stores or expanding the scale of existing investment, as the country continues to endure the aftermath of the coronavirus epidemic boldly.
Source: Global Times | 2020/5/9 14:43:40

China to reopen theaters with preorders, limited number of visitors

The Chinese film industry, which has taken a big hit from the COVID-19 pandemic during the past four months, began to return to normal as the country on Friday announced a reopening of theaters in an orderly manner.
Source: Global Times | 2020/5/8 23:12:38

Chinese netizens mock Swedish Customs' 'testing' of Chinese medicine, say it deserves a Nobel Prize

Swedish Customs' accusation and embargo of Chinese medicine Lianhua Qingwen as ineffective just by testing capsule components showed the European country's bias toward Chinese herbal remedy, Chinese experts said on Friday, noting that the baseless prejudice will also impede its ability in handling the COVID-19 in the future.
Source: Global Times | 2020/5/8 20:58:40

US April jobless rate hits 14.7%, record high since the Depression

Unemployment continues to rise in the US, as US unemployment rate rose to 14.7 percent in April, from just 4.4 percent in March, the highest rate since the Depression, and Chinese experts warned this shows the prevention measures are in vain and the US is "fragmented."
Source: Global Times | 2020/5/8 20:43:01

Phase one trade deal not a threat, but a life saver for US

US chief trade negotiators invited China's Vice Premier Liu He to speak on Fri, and also vowed to “create conditions” for a trade deal. The US' sharp shift in attitude toward China indicates some in the US have realized they need China to save their “risky economy,”while also revealing the US' inability to supply relevant products to China due to failures in COVID-19 management, experts close to the trade talks said.
Source: Global Times | 2020/5/8 14:41:48

Asian economy likely to face zero growth in 2020; China may lead regional post-pandemic recovery: report

Some Asian economies are likely to face greater downward pressure in 2020, and the Asian economy as a whole is expected to experience zero growth, a report from the Boao Forum for Asia (BFA) showed. Analysts and officials noted China will likely drive the economic recovery in the Asia-Pacific region once COVID-19 comes under control.
Source: Global Times | 2020/5/8 16:33:41

China's COVID-19-hit consumer spending rebounds during May Day holiday

China's consumer market rebounded during the just-concluded May Day holiday and the country will step up efforts to carry out stimulus policies to help further release domestic demand, a Chinese official said on Friday.
Source: Global Times | 2020/5/8 12:43:21

HKEX CEO to leave position within 18 months

Li Xiaojia, chief executive of Hong Kong Exchanges and Clearing (HKEX), intends to leave his position at the end of his current contract, in October 2021, according to a statement released by HKEX on Thursday.
Source: Global Times | 2020/5/7 23:27:21

Fresh tariff threat adds woes to US economy

While China, the world's second largest economy, has gradually returned to normal as the COVID-19 epidemic has subsided in the country and it has offered a helping hand to overseas markets by donating and exporting medical supplies to combat the pandemic, the Trump administration is wracking their brains seeking ways to redirect its own mismanagement of the coronavirus spread toward China as if things are not bad enough in the US.
Source: Global Times | 2020/5/7 22:48:40

China's services PMI lifts in April as economic recovery continues

The Caixin services Purchasing Managers Index (PMI), a gauge of China's services sector activity, rebounded slightly in April from March, though it was still stuck in contraction territory as export orders remained sluggish and domestic industries struggled to return to normal.
Source: Global Times | 2020/5/7 20:03:40

Pandemic curbing China-Russia trade

Trade between China and Russia may drop 50 percent in 2020 because of the coronavirus pandemic, which is spreading in Russia. However, the long-term trade outlook between the two giants is promising, experts and business leaders said.
Source: Global Times | 2020/5/7 19:28:42

Shanghai's Lingang to offer millions of subsidies, build 30,000-squaremeter duty-free store to attract investment

Shanghai's Lingang area, a newly launched section of the free trade zone in Pudong New Area, attempts to boost local business development and attract investment by building a regional commercial center with a large duty-free store inside.
Source: Global Times | 2020/5/7 19:02:44

Shanghai plans to invest $1.41 billion to bolster 5G coverage

Amid visible signs of the novel coronavirus (COVID-19) pandemic waning across China, Shanghai is stepping up efforts to build the city into a global information and communication hub, by constructing and developing its new infrastructure.
Source: Global Times | 2020/5/7 18:54:42

China reaffirms commitment to expand medical supply exports

With a commitment to the public health across the world, China is trying hard to meet the international community's growing demand for medical products, while continuing to strengthen quality supervision over export orders in a bid to provide qualified products to help the fight against the coronavirus pandemic, an official said on Thursday.
Source: Global Times | 2020/5/7 18:18:40

Large gas belt discovered in China

Source: Xinhua | 2020/5/7 17:51:23

Over 90 pct Chinese resume work: survey

Over 90 percent of the respondents in a recent survey said they have resumed their work as the novel coronavirus epidemic subsides in China, according to a survey by China Youth Daily.
Source: Xinhua | 2020/5/7 13:48:22