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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

New law to intensify management of securities market in China: CSRC chairman

This year is set to be critical for the deepening of capital market reforms and legal construction, said Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), in an interview with the Xinhua News Agency during which he elaborated upon details of the new securities law.
Source: Global Times | 2020/1/21 11:09:29

World waits for results from Davos

The World Economic Forum's annual meeting will kick off in Davos on Tuesday, amid rising global protectionism and escalating geopolitical tensions.
Source: Global Times | 2020/1/20 21:33:40

Figuratively Speaking

Today's figures
Source: Global Times | 2020/1/20 20:18:43

SK becomes Spring Festival hot spot for Chinese visitors

South Korea is among the favorite destinations for Chinese visitors during the upcoming Chinese Spring Festival, with local businesses gearing up to attract Chinese consumption power as bilateral relations warm up, industry observers said on Monday.
Source: Global Times | 2020/1/20 20:08:40

Chinese firms increase footprints at World Economic Forum

Chinese companies, which have been increasing their footprints on the world stage during recent years, will take an active part in the 50th World Economic Forum (WEF) Annual Meeting held in Davos, Switzerland this week. They're also eager to exchange ideas and experience in areas including artificial intelligence (AI), big data and pharmaceuticals, business representatives said.
Source: Global Times | 2020/1/20 19:08:40

New uncertainty overshadows Davos forum

As nearly 3,000 political leaders, business executives, scholars and celebrities gather at the Swiss winter resort town of Davos to kick off the annual World Economic Forum's annual meeting on Tuesday, a litany of pressing issues wait to be discussed - from a fragile global economy to geopolitical and trade tensions to climate change.
Source: Global Times | 2020/1/20 19:03:40

Mining mutual aid

A three-hour's drive from Myanmar's second largest city Mandalay sits the Letpadaung Copper Mine, spanning about 40,000 hectares in Monywa.
Source: Global Times | 2020/1/20 18:58:40

Coronavirus outside Wuhan confirmed amid heavy Spring Festival traffic

China's health authorities have for the first time confirmed cases of the mysterious coronavirus outside of Wuhan, in central China's Hubei Province, where the virus was first detected. The confirmations come amid China's Spring Festival travel rush, and are likely to have an impact on the season.
Source: Global Times | 2020/1/20 17:21:23

Mask-related Chinese shares surge, market demand soars

Chinese stocks related to drugmakers and face masks rallied as markets opened on Monday following the latest official report concerning the country's new strain of pneumonia.
Source: Global Times | 2020/1/20 15:50:40

China's lending benchmark LPR unchanged in January

China's new lending benchmark loan prime rate (LPR) is unchanged in January, suggesting the country hopes to avoid an overly loose monetary policy while remaining cautious about non-performing loans amid an economic slowdown, experts told the Global Times on Monday.
Source: Global Times | 2020/1/20 11:55:40

Rising corporate debt defaults within expectations: experts

The trend of domestic corporate debt defaults is due to China's supply side reform and therefore is within expectations, industry analysts said in response to a report by S&P Global suggesting that defaults will continue rising in 2020.
Source: Global Times | 2020/1/19 21:48:40

Figuratively Speaking

4.5% Year-on-year increase in China's electricity consumption in 2019.
Source: Global Times | 2020/1/19 21:38:41

China's new generation of credit data to affect individuals

China on Sunday began to provide public and financial institutions with second-generation credit report inquiry services, a move that analysts said will provide a more comprehensive credit picture for individuals amid the country's strengthened efforts to forge its social credit system.
Source: Global Times | 2020/1/19 21:28:40

China, EU face urgency to reach BIT

After China and the US signed a phase one trade deal, talk of a bilateral investment treaty between China and the EU re-emerged. Can the agreement be signed in 2020?
Source: Global Times | 2020/1/19 20:58:42