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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.


Foreign direct investment in S.Korea tops 20 bln USD for 5 years

Foreign direct investment in South Korea topped 20 billion U.S. dollars for the fifth straight year through this year, the Ministry of Trade, Industry and Energy said Monday.
Source: Xinhua | 2019/12/9 14:48:17

Risk-hedging tool will also benefit traders

The Dalian Commodity Exchange (DCE), a major commodity bourse in China, launched iron ore options on Monday. The move comes as the world's top steel-producing country – also the largest consumer of raw materials for steelmaking – offers more risk-hedging tools for iron ore traders and steelmakers.
Source: Global Times | 2019/12/9 13:58:39

China launches energy transport group to improve efficiency, fairness

China officially separated the energy transport business from the big three state oil companies on Monday by establishing a corporation known as the China Oil & Gas Piping Network Corp.
Source: Global Times | 2019/12/9 13:48:39

US companies, officials say CIIE wonderful platform for US-China business engagement

The China International Import Expo (CIIE) provides a great platform for Chinese and U.S. companies to go further together, said U.S. business and government representatives.
Source: Xinhua | 2019/12/9 13:40:01

First Chinese robot deployed on OLED production line

SCARA material-handling robots, designed and developed by Chinese company Siasun Robots & Automation, became the first Chinese robots on the OLED material production line, according to a report by the Science and Technology Daily on Monday.
Source: Global Times | 2019/12/9 11:42:57

Japan's GDP upwardly revised to 1.8 pct growth for Q3

Japan's economy grew an annualized real 1.8 percent in the July-September quarter, with the growth upwardly revised from a 0.2-percent expansion, the government said in a report on Monday.
Source: Xinhua | 2019/12/9 10:22:03

Hainan duty-free sales rise rapidly

Customers visit a duty-free shop in Haikou, south China's Hainan Province, Dec. 8, 2019. Offshore duty-free shops on China's island province of Hainan raked in 12.89 billion yuan (about 1.8 billion U.S. dollars) in sales over the past year, up about 34 percent year on year, according to local customs. From Dec. 1, 2018 to the end of November, Hainan's duty-free shops received 3.29 million customers and sold 17.46 million items, up 20.1 percent and 31.87 percent, respectively. (Xinhua/Yang Guanyu)
Source: Xinhua | 2019/12/9 9:37:33

China will surely hit Vision 2020 goals amid pressure

Facing external uncertainties and an industrial transformation, China is still able to achieve its set goal of "doubling GDP and per-capita income" in 2020 from 2010, with a strong GDP base built up by years of rapid development and the country's vast consumption potential, Chinese economists said on Sunday.
Source: Global Times | 2019/12/8 21:28:42

Chinese, Americans urged to resist decoupling trend

Just days after a top Chinese diplomat called for both Chinese and American companies to stand up against anyone who tries to stir up confrontation and hatred between the two countries, a senior US expert also summoned citizens to do their bit to bring China-US relations back on track.
Source: Global Times | 2019/12/8 18:58:39

China's medical imports increase 35.5 percent in first three quarters

China's total imports of medicines and health products surged 35.5 percent in the first three quarters this year, driven by rising imports of Western medicine and biochemical medicines, according to a report by an industrial association.
Source: Globaltimes.cn | 2019/12/8 23:32:36

China carries out 6G research in full swing

China plans to roll out a commercial 6G network around 2030. With research being carried out in basic theories and 6G spectrum tests starting, the nation is positioned to translate its edge in 5G into a head start in the ascending global race for the next generation of ultrafast wireless technology.
Source: Global Times | 2019/12/8 22:08:40

HKSAR plans higher expenditures to ease economic woes amid unrest

The government of the Hong Kong Special Administrative Region (HKSAR) will expand fiscal expenditure within its means to ease economic burden on individuals and companies. But restoring social order is the essential premise to recover economic growth, experts said on Sunday.
Source: Global Times | 2019/12/8 19:03:39

A glance at 2020 economy

A glance at 2020 China's economic work
Source: Global Times | 2019/12/8 21:38:40