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China's local govts put quality over speed, set lower GDP targets for 2020

Most provincial-level governments in China have lowered their 2020 GDP growth goals. Experts said the goals tend to be conservative given the existing size of the economy, and local governments are encouraged to aim for high-quality growth instead of just high-speed growth.
Source: Global Times | 2020/1/19 20:58:40

Market's role decisive in China's imports

Chinese companies will negotiate with their US partners to expand imports based on market principles and WTO rules, a Chinese official said on Sunday, in responding to one of the key elements in the newly reached China-US phase one trade deal – expanding imports from the US.
Source: Global Times | 2020/1/19 20:53:41

China-US BIT terms may be included in phase two trade talks: source

With thawing China-US trade relations after the signing of the phase-one trade deal, China is willing to promote a bilateral investment treaty (BIT) and may include some BIT terms into the phase two trade talks, a source close to the Chinese government said.
Source: Global Times | 2020/1/19 20:53:40

EU risks overplaying hand in BIT talks with China

The EU could create uncertainty and risks for a bilateral investment treaty (BIT) with China, which otherwise has been progressing steadily and is set to be completed by the end of the year, if it resorts to a tougher approach in the negotiations as some are calling for, Chinese analysts said on Sunday.
Source: Global Times | 2020/1/19 19:18:40

Chinese firms to import from the US based on market principles: official

Chinese companies will negotiate with US firms to expand on imports based on market principles and WTO rules, a Chinese official said Sunday in Beijing, responding to one of the key elements in the newly reached China-US first phase trade deal.
Source: Global Times | 2020/1/19 14:28:40

China's top economic planner approves investment projects worth 194 bln USD in 2019

China's top economic planner said Sunday that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan (about 194 billion US dollars).
Source: Xinhua | 2020/1/19 14:20:41

Chinese economy stabilizing on policy support, less downside risk: UBS

Chinese economy is stabilizing and would see 6 percent of growth in 2020 thanks to supportive policies and reduction of downside risk from trade tensions, according to a research note issued by Swiss investment bank UBS AG on Friday.
Source: Xinhua | 2020/1/19 12:58:01

China approves three new IPOs

China's top securities watchdog has approved the initial public offering (IPO) applications of three companies.
Source: Xinhua | 2020/1/18 21:05:05

China's steel demand expected to rise in 2020: report

China's demand for steel is expected to register an uptick in 2020, according to a guild report.
Source: Xinhua | 2020/1/18 21:01:38

Chinese apartment rental platform Phoenix Tree Holdings makes NYSE debut

Phoenix Tree Holdings, a leading Chinese apartment rental service provider, rang the New York Stock Exchange (NYSE) opening bell on Friday in celebration of its initial public offering (IPO).
Source: Xinhua | 2020/1/18 18:49:19

EU trade commissioner dismisses US threat on intelligence sharing regarding Huawei

The European Commissioner for Trade, Phil Hogan, has said that the European Union will treat Chinese tech company Huawei fairly, adding that the related threat from the United States on intelligence cooperation is a "bluff".
Source: Xinhua | 2020/1/18 18:02:56

China's GDP grows 6.1% in 2019 despite trade war sting

The Chinese economy grew 6.1 percent for 2019, in line with the 6-6.5 percent goal as the world's second-largest economy demonstrated resilience with an improved structure to cap a year marked by a US-driven trade war, official data showed.
Source: Global Times | 2020/1/17 10:00:50

France's Renault reports decline in 2019 sales

French carmaker Renault on Friday announced that its sales fell by 3.4 percent compared with 2018 result after providing world markets with 3.75 million vehicles.
Source: Xinhua | 2020/1/17 23:23:21

UK retail sales decline for 5 consecutive months

Britain's retail sales fell by 0.6 percent in December 2019 comparing with the previous month, marking the fifth consecutive month of no growth, said the Office for National Statistics (ONS) Friday.
Source: Xinhua | 2020/1/17 23:13:29

Guangdong carbon market closes higher

Carbon emissions allowances closed at 28.75 yuan (4.19 US dollars) per tonne on Friday, up 0.38 percent from Thursday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China.
Source: Xinhua | 2020/1/17 19:30:16

Brazil's coffee exports to China double in 5 years

Brazil's coffee exports to China have more than doubled in the past five years, driven by the popularity of cafes among young urbanites, an industry expert said on Thursday.
Source: Xinhua | 2020/1/17 18:39:29

Brazil's economic activity up 0.18 pct in November

Brazil's economic activity index rose 0.18 percent in November compared to October, the Central Bank of Brazil said on Thursday.
Source: Xinhua | 2020/1/17 18:34:27

Phase one deal to stabilize China-US ties

After China and the US signed their phase one economic and trade agreement in the White House on Wednesday, their relations have stabilized and been prevented from getting worse, and created a friendly atmosphere for the phase two negotiations that include tougher issues, Chinese experts said on Thursday. They said that China should be cautiously optimistic as US strategic pressure against China will remain unchanged.
Source: Global Times | 2020/1/16 22:18:41