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.

Greater Bay Area, BRI to fire up Macao's growth

Macao aims to play a more active role in the integration of the Guangdong-Hong Kong-Macao Greater Bay Area and explore markets along the routes of the China-proposed Belt and Road Initiative (BRI) to diversify its economy and reduce its reliance on the gambling industry. Close ties with the Chinese mainland will be the only way for Macao to counter external pressure, local business representatives and officials told the Global Times in interviews.
Source: Global Times | 2019/12/11 22:03:40

Macao unlikely to compete with Hong Kong

Macao has no intention of competing with Hong Kong, said government officials, as Macao reveals its ambitions to develop offshore yuan business.
Source: Global Times | 2019/12/11 21:58:40

Around the world

Jiangxi Copper Co has agreed to pay $1.1 billion to buy Cupric Holdings from Pangaea Investment Management, the Chinese copper producer said in a statement on Monday.
Source: Global Times | 2019/12/11 21:48:40

Mainland to facilitate Taiwan firms' progress

Companies from the island of Taiwan are being encouraged to participate in projects involving major technological equipment, industrial innovation centers and other activities under equal treatment in the Chinese mainland, which could facilitate their technological innovation and quality development, an official said.
Source: Global Times | 2019/12/11 21:43:43

Apple's data center in Guizhou develops rapidly amid trade war

US technology giant Apple Inc's first data center in Guizhou, Southwest China, was officially powered on and entered the commissioning phase on Wednesday, progressing in a fast manner amid the prolonged trade war between the world's largest two economies.
Source: Global Times | 2019/12/11 21:38:41

Software platform GitHub eyes China

US software development platform GitHub plans to set up a subsidiary in China to continue serving Chinese developers amid tightening US export controls. Analysts said China is a market US technology companies can't lose and the move is a response to the uncertainty caused by the China-US trade war.
Source: Global Times | 2019/12/11 21:33:42

Telefonica's choice of Huawei a rational one, more carriers expected to follow: expert

Telefonica Deutschland, a unit of Spain's Telefonica, chose China's Huawei to build its 5G network in Germany on Wednesday, which experts said is a rational choice based on Germany's demand of keeping an edge in the coming 5G era. More companies in the Europe are expected to follow suit instead of caving to the US' bullying actions.
Source: Global Times | 2019/12/11 21:33:40

Shopping spree expects high sales

December 12 marks the shopping spree of "Double 12," the follow up to last month's record-breaking Double 11 festival sequel and one of the most exhilarating shopping welcomed by China's e-commerce players.
Source: Global Times | 2019/12/11 21:28:41

Investor ID for southbound trading in mainland-HK Stock Connect to be implemented in 2019: SFC

An investor identification system for southbound trading under Stock Connect programs between the Chinese mainland and Hong Kong is expected to be implemented by the end of 2019, Liu Tim Leung, chairman of the Securities and Futures Commission (SFC), said on Tuesday at a forum in Hong Kong.
Source: Global Times | 2019/12/11 20:43:40

Brexit opens foreign investment door for Holand

The Netherlands, as well as other European markets, are trying to intercept companies fleeing the UK, as Britain faces the prospect of losing unfettered access to the EU single market.
Source: Global Times | 2019/12/11 20:39:22

Tesla plans to increase imported Model 3 prices in China

Tesla is planning to raise the price of imported Model 3 cars in China, a Tesla employee confirmed to the Global Times on Wednesday, but did not disclose when and where.
Source: Global Times | 2019/12/11 20:38:40

HK financial sector remains stable amid social unrest: official

The months-long social unrest in the Hong Kong Special Administrative Region (HKSAR) has affected local economic development while the liquidity in the banking system remains robust, HKSAR Financial Secretary Paul Chan Mo-po said at a forum on Wednesday.
Source: Global Times | 2019/12/11 20:33:40

China bans imports of Indian cattle, products

Following China's ban of both direct and indirect imports of cattle and relevant products from India due to the country's outbreak of infectious lumpy skin disease, Chinese experts urged India to improve the quality of its export products to reduce its trade deficit with China.
Source: Global Times | 2019/12/11 20:18:40