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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.


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

China and Japan will look into global cooperation: international cooperation agency

China-Japan economic and technology cooperation will focus more on global issues, including environmental protection and elderly care, according to an international cooperation agency.
Source: Global Times | 2019/12/11 19:48:40

Dangerous reptiles bring thriving businesses to a Chinese village

Snakes can bite. Snakes can kill. But snakes can be friends with human too. This friendship is part of the economic and cultural fabric of Zisiqiao, a tiny village in East China's Zhejiang Province, which has been telling a story of “Farmers and Snakes” for four decades. People in Zisiqiao insist that “all parts of a snake are treasures.”
Source: Global Times | 2019/12/11 19:43:40

Washington's latest bill targeting Chinese firms 'destined to' weigh on US economy: expert

The latest US defense-policy bill barring the use of state funds to buy Chinese buses and rail cars has triggered strong dissatisfaction among targeted Chinese companies. Some warned that such way of suppressing Chinese companies could lead to the loss of hundreds of jobs in the US, crippling US' competitiveness and inflicting massive harm on the US economy.
Source: Global Times | 2019/12/11 17:48:40

China-proposed BRI great for business, says Uruguayan producer

To bolster those ties within the BRI framework, Uruguay's 19 departments, or states, have established accords with different local governments in China.
Source: Xinhua | 2019/12/11 15:41:51

US businesses, farmers long for trade deal with China

"Further delay in reaching an agreement would make it hard for struggling farmers to hold on in the face of rising bankruptcy rates," Zippy Duvall said. "The more time that passes, the more difficult it will be to win back this important export market, regardless of any trade agreement."
Source: Xinhua | 2019/12/11 14:17:39

US obstruction of Appellate Body deals severe blow to global multilateral trade system: Chinese Ambassador

China's Ambassador to the WTO Zhang Xiangchen on Tuesday criticized the US' obstruction of the Appellate Body of the WTO, saying that it deals a severe blow to the global multilateral trade system. He made his remarks while expressing confidence that the body will restore its functionality sooner or later as the international community cannot afford to ignore justice.
Source: Global Times | 2019/12/11 13:38:40

ADB forecasts growth in developing Asia at 5.2 pct in 2019, 2020

In a supplement to its Asian Development Outlook 2019 Update released in September, the Asian Development Bank (ADB) on Wednesday said it now expects GDP in developing Asia to expand 5.2 percent in both 2019 and 2020, down from the September forecast of 5.4 percent growth this year and 5.5 percent next year.
Source: Xinhua | 2019/12/11 11:05:13

China's direct investment in Egypt up 66 pct in first 3 quarters

China's direct investment in Egypt in the first three quarters of 2019 rose by 66 percent to 74.9 million U.S. dollars, a senior Chinese diplomat told a press conference on Tuesday at Egypt's under-construction new administrative capital city, east of Cairo.
Source: Xinhua | 2019/12/11 9:09:26

China's inflation stays within annual target but challenges remain

China's consumer price index (CPI), a main gauge of inflation, rose by an average of 2.8 percent from a year earlier in the first 11 months, on track to meet the CPI target of 3 percent set by the government.
Source: Xinhua | 2019/12/11 8:52:50

GT Source's China market news daily wrap-up

China market news daily wrap-up
Source: Global Times - AFP | 2019/12/10 23:34:27

China's 18 years with WTO

Looking back at the 18 years since China's accession to the WTO in 2001, we can easily find evidence that the nation's integration into the WTO system has led to marked progress that in some aspects puts the economy in a position of global trade leadership.
Source: Global Times | 2019/12/10 23:03:40

Voices amid the 18th year of China's accession to WTO

"Although the US helped create the WTO, it is willing to cripple [the WTO] just because it feels that the multilateral body has not served US' interests well."
Source: Global Times | 2019/12/10 22:38:40