SOURCE >> Economy

China's FTZ favored by foreign investors

East China's Jiangsu Province has shown increasing appeal to foreign investors in less than half a year after it was established as a pilot free trade zone (FTZ).
Source: Xinhua | 2020/1/23 0:49:16

Figuratively Speaking

Spring Festival travel rush,
Source: Global Times | 2020/1/22 21:23:40

A taste for the exotic

"It's my second time here. I'm buying imported wines because Spring Festival is coming up," a customer surnamed Wang told the Global Times in a Shanghai supermarket as she browsed the wine shelves.
Source: Global Times | 2020/1/22 21:03:40

S.Korea's real GDP growth hits 10-year low in 2019

South Korea's real gross domestic product (GDP), adjusted for inflation, posted the lowest growth in 10 years last year, central bank data showed Wednesday.
Source: Xinhua | 2020/1/22 15:08:01

Chinese economy in good position for future growth: US economist

The Chinese economy is in a good position for future growth as the country is making headway in further reform and opening-up at an appropriate pace, a senior US economist has said.
Source: Xinhua | 2020/1/22 15:04:36

Chinese e-commerce platforms crack down on price increases amid Wuhan virus

A slew of domestic e-commerce platforms on Wednesday forbade the raising of health-product prices during the pneumonia outbreak in China.
Source: Global Times | 2020/1/22 12:13:40

China's auto market to bottom out this year and next

China's auto market will likely bottom out this year and next, after posting sales declines for two consecutive years, a senior official said Monday.
Source: Xinhua | 2020/1/22 11:55:16

Shanghai GDP up by 6 percent in 2019

Shanghai achieved a 6 percent rise in GDP in 2019, the Shanghai Municipal Statistics Bureau announced at a press conference on Tuesday.
Source: Global Times | 2020/1/21 23:59:59

Heading abroad for holidays

The number of Chinese tourists going abroad is expected to increase during the upcoming Spring Festival holidays, with East Asia and Southeast Asia topping the wish list.
Source: Global Times | 2020/1/21 21:43:41

China combats new coronavirus

The entire nation is working to control the spread of a new coronavirus that originated in Wuhan, Central China's Hubei Province, amid the Spring Festival travel rush - the largest annual human migration in the world.
Source: Global Times | 2020/1/21 21:38:42

China welcomes competitive American goods

China will implement the phase one trade deal based on market and WTO rules, aiming to further advance bilateral economic and trade development and contribute to the world economy, Chinese officials and experts said on Tuesday.
Source: Global Times | 2020/1/21 21:33:40

China's CEOs optimistic about 2020 annual revenue: report

Chinese CEOs showed the highest level of optimism about global economic growth in 2020 and 45 percent of the surveyed Chinese CEOs said they are “very confident” in their 12-month growth prospects, according to the latest annual global CEO survey by auditing and consultancy firm PwC.
Source: Global Times | 2020/1/21 21:18:40

East, SE Asia top picks of outbound travelers

East and Southeast Asia remain the top picks of China's outbound travelers during the upcoming Spring Festival holiday, according to domestic travel agents, revealing an emerging trend for solo travel - especially among young people.
Source: Global Times | 2020/1/21 21:08:42

Throngs of Chinese visitors to US expected amid upcoming holidays

The number of Chinese tourists going to the US is expected to rise significantly during the upcoming Chinese Lunar New Year holidays, as trade tensions have eased following the phase one trade agreement and costs are dropping sharply thanks to the strengthening yuan against the US dollar.
Source: Global Times | 2020/1/21 21:03:40

Nation's economy won't take a hit from novel virus: experts

As the entire country - from China's central government to local authorities to the broad public - is scrambling to contain an epidemic as the infections of a novel coronavirus have surged, experts said that sectors such as tourism, transportation and consumption might be hit significantly. In particular, they have forecast at least 0.1 percent dent to Wuhan's 2020 GDP for economic losses during the Chinese Lunar Spring Festival holidays which starts on Friday.
Source: Global Times | 2020/1/21 20:23:40

HK government 'strongly disagrees' with Moody's rate cut

The Hong Kong government on Tuesday issued a statement in response to Moody's recent downgrading of the city's long-term debt issuer rating amid social unrest, saying it strongly disagrees with the agency's assessment of the current situation.
Source: Global Times | 2020/1/21 13:12:37

China welcomes high-quality, competitive US products to the Chinese market: Commerce Ministry

China and the US will make joint efforts to implement the phase one trade deal, aiming to further advance bilateral economic and trade development and contribute positive growth to the world economy, a senior Chinese trade official said on Tuesday.
Source: Global Times | 2020/1/21 12:16:50

China's FDI rose 5.8% in 2019, maintaining country's status as second-largest destination for foreign investment: official

China remained the world's second-largest destination for foreign investment in 2019 thanks to the country's strengthened efforts to open its market, a senior official said on Tuesday.
Source: Global Times | 2020/1/21 11:58:40