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What's in phase one China-US trade deal?

China and the US are set to the long-awaited phase one trade deal on Wednesday (US time); the deal, which involves a nine-chapter text, 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, experts close to the deal told the Global Times on Wednesday.
Source: Global Times | 2020/1/15 22:23:40

Phase two talks may not start soon, related to WTO reforms: source

The signing of a phase one trade deal between China and the US may not lead to phase two talks any time soon, while trade arguments, tariff threats and US investment restrictions on China will become the “new normal” over the longer term, a source with knowledge of the talks said on Wednesday.
Source: Global Times | 2020/1/15 20:58:44

Figuratively Speaking

Visa-free entry visits from 59 countries and regions to Haikou, capital of South China's Hainan Province, in 2019, up 33 percent year-on-year, according to local media source Hainan Ribao.
Source: Global Times | 2020/1/15 20:58:40

Shanghai strives to build global yuan innovation center in 2020

Shanghai will accelerate building a global center for yuan innovation, trading, pricing and settlement in 2020, as part of the effort to make the city a world-class financial center "in keeping to China's economic strength," Shanghai Major Ying Yong said on Wednesday, media reports noted.
Source: Global Times | 2020/1/15 20:08:40

Shanghai aims to achieve 6% GDP growth in 2020 amid goody bag of new plans

Shanghai aims to achieve 6 percent GDP growth in 2020, stated the city's mayor Ying Yong in a government report released on Wednesday during Shanghai's Two Sessions (Shanghai People's Congress and Shanghai People's Political Consultative Conference), an annual political forum, which commenced on Tuesday and will continue until January 20.
Source: Global Times | 2020/1/15 17:50:04

Chinese stocks edge lower ahead of expected phase one trade deal

Chinese stocks fell on Wednesday as the world's two largest countries are expected to sign a phase one trade deal later in the day.
Source: Global Times | 2020/1/15 17:48:16

China's trade with Myanmar up 28.5 pct in 2019

China's trade with Myanmar expanded by 28.5 percent year on year in 2019 to 128.91 billion yuan (about 17.71 billion U.S. dollars), customs data showed Tuesday.
Source: Xinhua | 2020/1/15 9:00:21

US grant patents for Chinese companies see fastest growth in 2019: report

A report showed that the total number of US grant patents for Chinese mainland companies increased by 34 percent in 2019, the strongest growth among major economies.
Source: Xinhua | 2020/1/15 8:06:59

India's deficit with China accounts for 60% of total bilateral trade

India's trade deficit with China was 391.7 billion yuan ($56.8 billion) in 2019, an official from China's General Administration of Customs (GAC) said at a press briefing on Tuesday, adding it is significant that the two countries strengthen cooperation. The deficit accounted for about 60 percent of India's total bilateral trade.
Source: Global Times | 2020/1/14 22:53:40

Economic cooperation with Myanmar to boom

Financial cooperation between China and Myanmar is set to boom as bilateral ties will be further lifted during Chinese President Xi Jinping's upcoming state visit to the South Asian nation, said local business representatives, adding that a closer financial bond with China is urgently needed by Myanmar and could keep its economy afloat.
Source: Global Times | 2020/1/14 22:28:41

Trade truce signals new beginning

US manufacturers, energy suppliers, farmers and financial services providers will benefit from China's vast import potential and purchases, as the two countries are poised to sign a phase one deal to achieve a trade war truce.
Source: Global Times | 2020/1/14 22:23:41

Not 'very difficult' for China to buy $100b more of US products, services a year: expert

If China increases its imports from the US, it won't affect other countries' exports to China, as China's market is huge and its trade is diversified, an official said on Tuesday.
Source: Global Times | 2020/1/14 22:18:44

Guiding growth and creativity

As China begins 2020, its modernization drive continues gaining momentum.
Source: Xinhua – Global Times | 2020/1/14 22:18:42

Preparing for Lunar New Year

A Chinese worker makes Chinese rice pudding in a factory in Zunyi, Southwest China's Guizhou Province on Sunday. As the Spring Festival approaches, local rice pudding factories became busier to prepare the festival food to meet the high demand during the Lunar New Year.
Source: Global Times | 2020/1/14 22:18:40

Deal benefits US factories, farms, financial firms

US manufacturers, energy suppliers, farmers and financial services providers will benefit from China's vast import potential and purchases, Chinese analysts said on Tuesday, as the two countries are poised to sign a phase one deal to achieve a trade war truce.
Source: Global Times | 2020/1/14 22:13:41

Figuratively Speaking

Patent applications for blockchain technology from 15 commercial banks in China from 2016-2019. Applications surged more than 38 times from 2016, according to
Source: Global Times | 2020/1/14 22:08:41

Correcting mistakes a good start for phase one trade deal: experts

A US decision to remove its designation of China as a currency manipulator in an apparent goodwill gesture ahead of the looming phase one trade agreement was met with widespread criticism on Tuesday in China, where many argued that the label was a mistake in the first place.
Source: Global Times | 2020/1/14 20:43:40

Private firms lead China's imports, exports for first time

Private firms overtook foreign-funded enterprises as the biggest contributor of China's foreign trade for the first time in 2019, customs data showed Tuesday.
Source: Xinhua | 2020/1/14 13:21:10