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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.


WTO crisis: How US role in global trade is changing

As if the world needs more evidence that the US has become a destructive force in global trade rather than a leader as it had been in the past, Washington has single-handedly and effectively paralyzed the WTO - the symbol of rules-based global free trade.
Source: Global Times | 2019/12/10 22:28:40

Life-or-death moment for WTO brings China's participation, contributions to the fore

Increasingly, hopes for the survival of the WTO, the cornerstone of the global multilateral trading system, rest with China's role in the 24-year-old trade organization, Chinese experts said on the eve of a crucial day in the history of the world trade watchdog.
Source: Global Times | 2019/12/10 22:18:40

Just tech

China will work with the international community to push forward space science and technology education and contribute to the economic and social development in the Asia-Pacific region, said a Chinese official.
Source: Xinhua | 2019/12/10 21:03:40

Postal Savings Bank of China makes muted debut in Shanghai

The IPO of Postal Savings Bank of China (PSBC), which has roughly 40,000 outlets nationwide and more than 600 million individual customers, met with a muted response when it began trading on Tuesday, underpinned by rarely used price-stabilization measures taken by the nation's fifth-largest lender by assets.
Source: Global Times | 2019/12/10 20:43:40

Chinese technology, experts help Madagascar triple rice yield

As the world pioneer in hybrid rice technology, China has helped the Republic of Madagascar grow the grain for 13 years with remarkable results - yields have tripled in the African country, the head of a leading Chinese hybrid rice firm in Madagascar told the Global Times on Tuesday.
Source: Global Times | 2019/12/10 20:38:41

China does not need to rely on the US to ensure domestic pork supply

Could US agricultural imports curb inflation in China? Probably not. China's shortage of pigs is a fact, which means the country's pork imports will expand further. But Brazil, instead of the US, is likely to become the biggest beneficiary of China's expansion of pork imports.
Source: Global Times | 2019/12/10 20:21:49

Modernizing China's pig farms

In the Year of the Pig, China's traditional hog farming industry is undergoing tremendous changes as both big and small farms revamp themselves to combat one of the world's worst animal diseases.
Source: Xinhua | 2019/12/10 20:18:40

NEV sales slide 47% in November, face full-year fall

Sales of new-energy vehicles (NEVs) in China declined 43.7 percent year-on-year in November, contracting for a fifth month in a row, data from the country's biggest auto industry association showed on Tuesday.
Source: Global Times | 2019/12/10 19:53:41

Japan's plan to block DJI drones unfounded: company

In response to a report that the Japan Coast Guard plans to remove Chinese drone maker DJI from its procurement list under the guise of information security, DJI said that it regrets any restriction based on unfounded information and will continue to engage in talks with relevant Japanese departments.
Source: Global Times | 2019/12/10 19:28:41

China's Nov CPI hits almost 8-year high

Soaring pork prices pushed China's inflation level to a 94-month high in November, according to official data released on Tuesday. But experts said inflation will rise more slowly in 2020 as trade friction eases and pork prices correct.
Source: Global Times | 2019/12/10 18:53:42

PepsiCo awarded again for its efforts in poverty alleviation

PepsiCo, one of the world's leading food and beverage companies, was awarded for its contribution to alleviating poverty at the Boao Forum for Entrepreneurs on December 2. Themed on innovation and high-quality development, the forum opened in South China's Hainan Province on December 1 and brought government officials, economists and entrepreneurs to share their insights to unleash new potential for high-quality economic growth.
Source: Global Times | 2019/12/10 17:58:40

China likely lead global edge computing development thanks to 5G

China's early 5G rollout is fueling a boom in emerging high-tech industries including edge computing, through which data is being rapidly processed closer to devices in real-time, rather than relying on a cloud processor that could be thousands of kilometers away.
Source: Global Times | 2019/12/10 16:28:40

Brazilian analysts raise growth forecast for 2019 to 1.1 pct

Brazilian financial analysts have raised their economic growth forecast for 2019 from 0.99 to 1.1 percent, the Central Bank of Brazil said on Monday.
Source: Xinhua | 2019/12/10 15:57:07