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China-led study shows world's oceans hottest on record in 2019

If you want to see where global warming is happening, look to the seas.
Source: Xinhua | 2020/1/17 0:48:40

Technology ups travel rush efficiency

Millions of Chinese people are traveling smarter, faster, more efficiently and more comfortably than ever before after one of the world's largest human migrations got underway last Friday.
Source: Xinhua | 2020/1/16 23:08:40

China-Myanmar energy projects going full steam

Crude oil and gas projects between China and Myanmar have played a significant role in diversifying China's energy import sources and elevating the economic development of Myanmar as well as the whole Southeast Asian region, high-level executives from China and Myanmar told the Global Times on Thursday.
Source: Global Times | 2020/1/16 22:43:40

GDP up 6%-plus in 2019: experts

China achieved GDP growth of more than 6 percent in 2019, meaning it met the 6-6.5 percent goal set by the government at the start of the year, experts said.
Source: Global Times | 2020/1/16 21:13:41

US, China must assume reciprocal obligations in financial services opening

The financial services part of the phase one trade deal, featuring obligations from both sides that are basically reciprocal, has once again testified to China's efforts to liberalize its financial sector, the People's Bank of China (PBC), the country's central bank, said on Thursday.
Source: Global Times | 2020/1/16 20:08:40

Technology gets scant mention in trade deal, but slight easing seen

Technological cooperation is merely a tiny portion of the phase one trade deal between the world's top two economies, according to the agreement text. While clues remain elusive about whether the deal would ease concerns over a “decoupling” in the technology world, the Chinese technology community is looking forward to a more cooperative relationship.
Source: Global Times | 2020/1/16 19:43:40

Chinese customs cut taxes of $52.8 billion in 2019: official

Chinese customs in 2019 cut 363.5 billion yuan ($52.8 billion) in taxes as part of the country's overall fiscal stimulus measures to support an economic growth that is faced with increasing downward pressure, a Chinese official said on Thursday.
Source: Global Times | 2020/1/16 17:48:40

Text of phase one deal balanced, fair: experts

The phase one trade agreement between China and the US reflected what Chinese officials have long stressed – that any deal must be balanced and fair and include initiatives that, if properly executed, could help address disputes and avoid further confrontation, Chinese analysts said on Thursday.
Source: Global Times | 2020/1/16 17:35:38

China may ask the US to remove tariffs before phase two talks: expert

China will need time to assess the just-signed phase one trade agreement and other complicating factors before launching negotiations with the US for a phase two agreement. US officials, including Vice President Mike Pence, who claim the talks are already underway may be getting ahead of themselves, a government advisor and experts said on Thursday.
Source: Global Times | 2020/1/16 15:53:40

December rise in urban home prices shows stable growth, strengthened market: analyst

More Chinese cities saw new home prices rise in December 2019 compared to the previous month, according to data released by the National Bureau of Statistics on Thursday. Analysts said the data showed stable growth and a strengthened property market. A total of 50 out of 70 Chinese cities saw new home prices rise in December, compared with 44 in the previous month. Among the 70 cities, new home prices in the four first-tier cities rose 0.2 percent month-on-month, compared with a 0.6 percent increase in November. Beijing's average new home price increased 0.4 percent and Shenzhen's was up 0.7 percent. Shanghai's price remained unchanged while prices in Guangzhou fell 0.3 percent. China's new home prices rose at an average of 0.4 percent month-on-month, the pace unchanged from November, according to calculations from the Shanghai-based E-house China R&D Institute. Compared with the same period in 2018, the 70 cities' new home prices rose 6.8 percent on average, the slowest pace since July 2018. The upward trend in new home prices in December shows a strengthened property market, said Yan Yuejin, research director at E-house China R&D Institute. He added that the market will be further stabilized as local governments release policies to contain property speculation, but that a sharp drop in prices is unlikely. New home prices in Yangzhou, East China's Jiangsu Province, jumped the highest with a 1.3 percent increase. Yan said the fast growth in Yangzhou may be due to relaxing policies and fast-developing city infrastructure. In October 2019, Yangzhou increased the cap for households applying for the housing provident fund to 500,000 yuan ($72,605), up from 350,000 yuan. A new transportation system including a railway linking Lianyungang and Zhenjiang, two cities in East China's Jiangsu Province, is expected to open in August this year, which may have pushed up local home prices, Yan said.
Source: Global Times | 2020/1/16 14:13:40

Cool minds needed for phase-1 trade deal implementation amid fluctuations: analysts

As the highly anticipated phase one trade deal between the world's two largest economies was signed in Washington on Wednesday (US time), China, the US and the world will benefit from its long-awaited outcome, Chinese analysts said.
Source: Global Times | 2020/1/16 13:49:28

China's 2019 economic growth projected to be above 6 pct, says vice premier

China's gross domestic product is estimated to record an expansion of over 6 percent in 2019, and the January data also indicates a better-than-expected economic outlook, Chinese Vice Premier Liu He said here Wednesday.
Source: Xinhua | 2020/1/16 11:57:05

China releases signed text on phase one trade deal with US

China releases signed text on phase one trade deal with US.
Source: CGTN | 2020/1/16 11:00:44

Taiwan's RMB deposits rise in December

The renminbi-denominated deposit balance of Taiwan's financial institutions increased to 261.03 billion yuan (about 37.9 billion U.S. dollars) at the end of December, according to the island's monetary authority.
Source: Xinhua | 2020/1/16 9:03:07

Chinese Vice Premier Liu He addresses media after signing phase one trade deal

After signing the phase one trade deal with US President Donald Trump, Chinese Vice Premier Liu He issued a statement at a news conference.
Source: CGTN | 2020/1/16 8:23:06

Wall Street climbs as US-China phase-one trade deal in focus

US stocks traded on an upbeat note on Wednesday as Wall Street is keeping a close eye on the long-awaited phase-one trade deal with China.
Source: Xinhua | 2020/1/16 8:02:29

US business group in China responds positively to Phase 1 trade deal signing

The signing of the phase one trade deal between China and the US indicates a return to a more stable and cooperative commercial relationship, which is essential to the global economy in 2020, the American Chamber of Commerce in China (AmCham China) said shortly after the deal was signed.
Source: Globaltimes.cn | 2020/1/16 3:30:13

It's a truce, but what's next?

The long-awaited phase one trade deal between China and the US has fully taken into account the concerns and interests of both countries, and it is expected to bring the world's two largest economies back on track to stable and sound development.
Source: Global Times | 2020/1/15 23:08:41