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China to maintain 6% GDP growth benchmark despite pressure: economists

A new array of economic data might have cast a shadow over expectations for the country's economic growth rate this year, but such concerns should not be hyped as the country has the ability to hold the bottom line of economic growth amid ongoing structural adjustments, Chinese economists told the Global Times on Wednesday.
Source: Global Times | 2019/11/27 23:43:40

China, UK seek blockchain cooperation

A summit titled "Blockchain, Enabling Fintech in the New Era" was held on November 26 in London.
Source: Gloabl Times | 2019/11/27 23:42:58

Private sector strong amid trade war

Although the long-lasting China-US trade war has weighed on Chinese exporters over the past year, it turns out the country's export-oriented private sector has grown even stronger as tax breaks from the central government and a shift in overseas markets gradually take effect.
Source: Global Times | 2019/11/27 22:58:40

Report on Philippines' power grid being 'under control' of China total nonsense: FM

China refuted on Wednesday allegations that the country controls or threatens the national grid power of the Philippines, claiming a report on that was total nonsense.
Source: Global Times | 2019/11/27 22:03:40

Hong Kong Disneyland cancels countdown party amid impact of unrest

Hong Kong Disneyland will cancel this year's New Year's Eve countdown party, its website said – another blow to the city's tourism sector, which has been hard hit by months of violence.
Source: Global Times | 2019/11/27 21:38:40

Trilateral trade deal moves closer

China, Japan and South Korea are ready to lower trade barriers for each other, such as cutting tariffs, as they move to hold a fresh round of talks on forging a free trade deal, experts predicted.
Source: Global Times | 2019/11/27 21:33:41

MOF issues $6 billion bonds in Hong Kong

China issued $6 billion in US dollar-denominated sovereign bonds in the Hong Kong Special Administrative Region (HKSAR) on Tuesday, the nation's largest ever foreign currency bond issuance.
Source: Global Times | 2019/11/27 20:33:41

Australian education losing attraction for Chinese students

Fewer Chinese students are going to study in Australia due to a sluggish economy there and souring relations between the two countries.
Source: Global Times | 2019/11/27 19:13:40

Xiongan plans genetic therapy and data center, will explore bioscience and biotech

The Xiongan New Area in North China's Hebei Province plans to build a genetic data center, in an attempt to develop the area's bioscience and biotechnology industries, the Hebei provincial government said.
Source: Global Times | 2019/11/27 18:33:41

41 US companies sign up for CIIE 2020

Many US enterprises have expressed continued interest in the China International Import Expo (CIIE), after an overseas promotion for the event was held in New York on Monday.
Source: Xinhua-Global Times | 2019/11/27 18:28:40

China can achieve 2019 GDP growth goal: analyst

China is absolutely able to accomplish its start-of-year goal of keeping the GDP growth rate inside a reasonable range, between 6.0 to 6.5 percent, a former government official said on Wednesday.
Source: Global Times | 2019/11/27 16:38:40

Southwest China's GDP growth rate leads the country

China's mountainous southwestern region has seen rapid economic growth in recent years through both a shift of the manufacturing center from the eastern part of the country to the middle and western parts, and southwestern provinces' distinct economic development plans based on their resource advantages.
Source: Global Times | 2019/11/27 15:13:40

China's industrial profit drops 2.9% y-o-y from Jan to Oct, within expectations: expert

Official data on Wednesday showed that China's industrial companies above a designated scale saw profits drop 2.9 percent year-on-year from January to October. Experts and statisticians say that this drop falls within expectations amid China's challenging phase of industrial upgrading and a gloomy global investment environment.
Source: Global Times | 2019/11/27 12:42:56

US economic growth expected to "be weak" in Q4: Fed official

A senior Federal Reserve official said Tuesday that he expected U.S. economic growth to "be weak" in the fourth quarter of the year as businesses cut inventories due to trade uncertainty.
Source: Xinhua | 2019/11/27 12:10:07

S.Korea's consumer sentiment improves for 3 months

Sentiment among South Korean consumers over economic situation improved for the third consecutive month on eased concerns about the global trade feud, central bank data showed Wednesday.
Source: Xinhua | 2019/11/27 11:10:14

China's industrial profits drop 2.9 pct in first 10 months

Profits of China's major industrial firms dropped 2.9 percent year on year in the first 10 months of the year, data from the National Bureau of Statistics (NBS) showed Wednesday.
Source: Xinhua | 2019/11/27 11:05:54

Mexico to invest 44 bln USD in infrastructure to drive GDP growth

Mexico's government on Tuesday unveiled a private-sector initiative to rev up the flagging economy by investing nearly 859 billion pesos (about 44 billion U.S. dollars) in infrastructure development.
Source: Xinhua | 2019/11/27 9:36:12

China, US inject optimism on trade talks

China and the US on Tuesday injected fresh optimism into prospects for a highly anticipated phase one trade agreement, as top trade negotiators of both sides agreed to address remaining issues for the interim deal during a phone conversation.
Source: Global Times | 2019/11/26 22:23:40