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US trade coalition urges Trump to reach "phase one" deal with China


Americans for Free Trade, a coalition of more than 150 associations united against tariffs, on Wednesday urged U.S. President Donald Trump to reach a "phase one" deal with China.


Huawei may use graphene technology to expand battery capacity of P40 amid 5G race

Huawei is likely to upgrade its P40 smartphone by adopting graphene technology to expand its battery capacity to upward of 5,000 mAh, so that it can better accommodate the power-guzzling demand of the 5G network, an industry insider told the Global Times on Thursday.
Source: Global Times | 2019/12/12 15:23:40

Digital economy to top half of China's GDP by 2023: IDC

By 2025, at least 80 percent of China's new corporate applications would use artificial intelligence technologies.
Source: Xinhua | 2019/12/12 13:39:45

Commercial company to launch China's first low-Earth 5G satellite with capacity of 10Gbps

China's first low-Earth 5G broadband satellite with a high capacity to meet international competition will be launched by Chinese commercial aerospace company Galaxy Space at the end of December, according to a statement sent to the Global Times on Thursday.
Source: Global Times | 2019/12/12 12:29:00

US trade coalition urges Trump to reach "phase one" deal with China

Americans for Free Trade, a coalition of more than 150 associations united against tariffs, on Wednesday urged U.S. President Donald Trump to reach a "phase one" deal with China.
Source: Xinhua | 2019/12/12 11:46:16

Hong Kong Ocean Park net deficit widens to around 71 mln USD

The resort said the net deficit was caused by investments on new entertainment projects, repairs and maintenance expenses on facilities damaged by Typhoon Mangkhut. Chairman of Ocean Park Leo Kung said in the report that the resort was facing fierce competition and increasingly difficult market environment.
Source: Xinhua | 2019/12/12 11:16:11

US Fed holds rates steady, signals no changes through 2020

The US Federal Reserve on Wednesday left interest rates unchanged after cutting rates at each of the last three meetings, as officials assessed the effect of rate cuts on the US economy.
Source: Xinhua | 2019/12/12 9:21:36

Boeing 737 Max won't likely be cleared for flight until 2020: FAA chief

Boeing 737 Max planes have been grounded globally since March after two deadly crashes that killed 346 people.
Source: Xinhua | 2019/12/12 8:50:04

Chinese, US enterprises urged to foster engagement, cooperation

"We are not among those who favor decoupling; to the contrary, we favor engagement," said Ken Wilcox, chair of Asia Society Northern California.
Source: Xinhua | 2019/12/12 8:48:18

Brazil retail sales rise for 6th month in a row

The agency traced the positive numbers "to a better outlook for consumption" thanks to "an improvement in the job market, despite the fact that informal labor predominates."
Source: Xinhua | 2019/12/12 8:27:28

US' brinksmanship over tariffs to rock markets; won't work with China: analysts

Stakes are high as skittish global investors watch closely whether or not US President Donald Trump will decide to stop a fresh batch of tariffs on billions of dollars worth of Chinese goods planned for December 15 - a decision Chinese analysts say could impact ongoing trade talks for a phase one deal, as well as global financial markets and US consumers' wallets.
Source: Global Times | 2019/12/12 0:42:34

China-backed metro project addresses Pakistan's public transportation needs: expert

Chinese expertise on public transportation will help Pakistan to better address its growing demand for public transportation, as the country tested its first-ever mass rapid transit train in Lahore, its economic hub, a Chinese expert said on Wednesday.
Source: Globaltimes.cn | 2019/12/12 0:29:34

GT Source's China market news daily wrap-up

The paralysis of the Appellate Body, the WTO's dispute settlement mechanism, is "the most severe blow to the multilateral trading system since its establishment," Zhang Xiangchen, China's ambassador to the WTO, said in a statement posted late on Tuesday Beijing time on the website of China's permanent mission to the organization.
Source: Global Times | 2019/12/11 22:38:40

Has Macao's moment come?

Compared with when it returned to China in 1999, the Macao SAR now enjoys stable social order, booming investment and trade, and more ambition to enhance its competitiveness in the financial sector.
Source: Global Times | 2019/12/11 22:33:40