SOURCE >> Economy

Four decades on, Shenzhen-HK ties deepen

Shenzhen, the pioneer city in South China's Guangdong Province that was designated as China's first special economic zone (SEZ), will continue working with neighboring Hong Kong and deepening their financial cooperation against the backdrop of the US dollar-dominated financial system and the implementation of the national security law that helped Hong Kong restore a normal social order.
Source: Global Times | 2020/8/26 22:03:40

Infographic: China, EU strengthen ties

Emerging from the damage caused by the COVID-19 pandemic, China and the EU, the world's two major economic powers, are seeking closer economic ties.
Source: Global Times | 2020/8/26 19:56:14

Senior diplomat urges cooperation between China, Australia

China's deputy ambassador to Australia Wang Xining said officials from the two countries should not let cold hearts and dark minds cast a shadow over their partnership at a recent event, against a backdrop of escalating trade disputes.
Source: Global Times | 2020/8/26 17:53:41

Nasdaq files with SEC for IPO alternative to raise funds

Exchange operator Nasdaq Inc has filed with U.S. regulators to change its rules to enable companies that debut on the stock market through a direct listing to raise capital, as an alternative to an initial public offering.
Source: Reuters | 2020/8/26 17:13:40

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world's largest IPO.
Source: Reuters | 2020/8/26 17:08:41

China, Italy ink new deals, to help Italian economy recover quickly

China and Italy have reportedly signed two new energy and trade agreements, which an observer said would help Italy's virus-battered economy to recover, while having a demonstrable effect on the economy and trade between China and the EU under the Belt and Road Initiative (BRI) framework.
Source: Global Times | 2020/8/26 15:46:58

China to establish blacklist for overseas gambling destinations

China will establish a "blacklist" of cross-border gambling tourism destinations, which will restrict Chinese citizens' travel to overseas cities and scenic spots on the list, the Ministry of Culture and Tourism announced on Wednesday.
Source: Global Times | 2020/8/26 15:08:42

S.Korea's export volume falls for 4 months

South Korea's export volume kept falling for four straight months due to an economic fallout from the COVID-19 outbreak, central bank data showed Wednesday.
Source: Xinhua | 2020/8/26 15:05:11

Confidence of Brazilian retail sector grows for 4 months on end

The confidence of Brazil's retail trade sector continued to recover in August for four consecutive months, after the initial impact of the COVID-19 pandemic, Brazilian think tank Getulio Vargas Foundation (FGV) said on Tuesday.
Source: Xinhua | 2020/8/26 14:06:09

China's economy is bouncing back: WSJ

As much of the world struggles to contain the coronavirus, China's recovery is gaining momentum, positioning it to further close its gap with the US economy, according to an article, "China's Economy, Bouncing Back, Gains on the US," published on The Wall Street Journal on Tuesday.
Source: Xinhua | 2020/8/26 14:03:01

China at global forefront in developing digital currency applications

The People's Bank of China (PBC), the central bank, is preparing for a digital currency, with various tests proceeding in different regions of China as the country develops more digital currency applications.
Source: Global Times | 2020/8/26 0:17:33

Chinese Valentine's Day shopping spree signals consumption rebound

Exploding car-hailing orders, surging flower and film ticket sales, higher airfares and long lines at luxury and jewelry stores, all were seen on Tuesday, Chinese Valentine's Day, and they may signal a further consumption rebound in China, where the COVID-19 pandemic has gradually been put under control.
Source: Global Times | 2020/8/25 21:58:36

China and US chief trade negotiators hold talks, agree to push for phase one deal

The phone call made on Tuesday by chief trade talk negotiators from China and the US and the ensuing announcements showed that there is still enough will from the two sides to implement the phase one trade deal, despite doubts that the deal might be on shaky ground after the call was not held at a pre-scheduled time, Chinese analysts said on Tuesday.
Source: Global Times | 2020/8/25 20:45:35

Wang Yi kicks off crucial Europe trip

Chinese State Councilor Wang Yi kicked off a week-long visit to Europe on Tuesday, his first overseas trip since the start of the COVID-19 pandemic, with Italy as his first stop. Experts said that the high-level exchange will strengthen bilateral political trust and pave the way for 5G cooperation and the Belt and Road Initiative (BRI).
Source: Global Times | 2020/8/25 22:38:40

Infographic: 40 years of the Shenzhen SEZ miracle

Shenzhen, a fish village in southern China neighboring HongKong, has become one of world's most impressive metropolises after a miracle-like 40-year development.
Source: Global Times | 2020/8/25 21:38:40

China sticks to opening-up, needs homegrown tech innovations to foster quality growth

Chinese President Xi Jinping described opening-up as China's "fundamental national policy" in a Monday speech, a statement that economists read as setting the tone for higher-standard opening-up despite rising US protectionism and its bid to squeeze Chinese high-tech companies.
Source: Global Times | 2020/8/25 20:43:40

US' moves break WTO rules: experts

The US government's further extension of a 45 day 'label rule' stipulating that Hong Kong SAR exporters must label their products to the US as being “made in Hong Kong” instead of “made in China” has only caused further confusion among Hong Kong businesspeople.
Source: Global Times | 2020/8/25 18:08:40

China calls for BRICS countries to cooperate on 5G

The Chinese Minister of Industry and Information Technology Xiao Yaqing attended a video meeting of BRICS industry ministers on Monday and urged fellow nations, including India, to boost cooperation in areas including 5G and AI.
Source: Global Times | 2020/8/25 14:53:40