SOURCE >> Economy

Yuan soars as the US reverses China's currency manipulator label

The onshore yuan rose above 6.88 on Tuesday morning and stood at 6.8701 by 10:54 am, up by 0.34 percent.
Source: Global Times | 2020/1/14 11:23:40

Chinese Vice Premier Liu He arrives in Washington DC for China-US 'phase one' trade deal

At the invitation of the United States, Chinese Vice Premier Liu He - Beijing's chief negotiator for the China-US comprehensive economic dialogue - arrives Monday in Washington to conclude a phase one trade agreement with Washington.
Source: CGTN | 2020/1/14 11:04:07

China's foreign trade expands 3.4% in 2019 despite trade tensions with US

China posted stronger foreign trade growth in 2019 by expanding 3.4 percent year-on-year, the General Administration of Customs (GAC) said Tuesday.
Source: Global Times | 2020/1/14 11:02:57

China's foreign trade rises 3.4% in 2019

China's foreign trade expands 3.4% in yuan terms in 2019 despite trade tensions with US #tradewar #trade
Source: Global Times | 2020/1/14 10:07:32

China's island province Hainan to continue optimizing business environment

South China's Hainan Province will make continuous efforts to optimize the business environment in the Yangpu Economic Development Zone in a bid to facilitate the construction of the Hainan free trade zone and free trade port with Chinese characteristics.
Source: Xinhua | 2020/1/14 8:47:56

China makes major progress in containing financial risks: regulator

China has seen significant progress in containing financial risks in 2019 with authorities strengthening regulation and reining in major risks.
Source: Xinhua | 2020/1/14 8:45:18

US drops currency manipulation charge against China

The United States has dropped its designation of China as a currency manipulator, according to a report from the US Treasury Department released Monday.
Source: Xinhua | 2020/1/14 7:40:11

Mixed views of prospective trade deal

Prior to the signing of the phase one trade deal between China and US, some export-oriented businesses in Yiwu, a commodity hub in East China's Zhejiang Province, voiced cautious optimism about what impact the deal will bring to their businesses while the US business community looked forward to the deal with anticipation.
Source: Global Times | 2020/1/13 22:58:40

Upcoming China-US phase one agreement drives up yuan rate

The appreciation of the yuan reflects the positive news that China and the US are set to sign a widely expected phase one trade agreement, but in the long run, the currency's exchange rate depends on how the deal is implemented, a Chinese financial expert said on Monday.
Source: Global Times | 2020/1/13 22:03:42

Businesses voice cautious optimism about deal impact

Prior to the signing of the phase one trade deal between China and US, some export-oriented businesses in Yiwu, a commodity hub in East China's Zhejiang Province, voiced cautious optimism about what impact the deal will bring to their businesses while the US business community looked forward to the deal with anticipation.
Source: Global Times | 2020/1/13 22:03:41

China-US trade deal to boost growth: experts

As Chinese Vice Premier Liu He on Monday boarded a plane to Washington to sign a phase one trade agreement, the 14-hour flight marked his seventh trans-Pacific trip, about 145,000 kilometers, or nearly 200 hours, since the US launched the trade war against China nearly two years ago.
Source: Global Times | 2020/1/13 21:33:40

Digital currency set for advance in 2020: expert

China should steadily advance the development of its legal digital currency to leap ahead in the global digital economic competition, an industry representative said on Monday.
Source: Global Times | 2020/1/13 20:53:41

East Chinese province sends 368 China-Europe trains in 2019

East China's Anhui Province sent 368 China-Europe freight trains last year, up 102.2 percent compared with 2018, the customs of Hefei, the provincial capital, said Monday.
Source: Xinhua | 2020/1/13 14:37:07

WeChat Pay becomes more prevalent in China: report

Smartphone payment services that use QR code technology became more prevalent in China last year, according to a report released by WeChat, China's popular social media platform.
Source: Global Times | 2020/1/13 8:26:23

China encourages Egyptian companies to increase exports to Chinese market

A Chinese delegation from China International Import Expo (CIIE) invited on Sunday more Egyptian companies to join the upcoming CIIE session and seize the chance to increase their exports to the Chinese market.
Source: Xinhua | 2020/1/13 8:19:28

Finding new balance in trade

The upcoming phase one trade agreement between China and the US will cover a wide range of areas from intellectual property rights to enforcement mechanisms, and the terms are expected to be balanced and legally binding on both sides.
Source: Global Times | 2020/1/12 21:53:41

New China-US dialogue will be positive step for solving disputes: expert

The reported new China-US dialogue arrangement on addressing disputes is different from previous strategic dialogues and is unlikely to bring China-US trade relations back to where they were before, but it is a positive step toward better relations, a Chinese expert said on Sunday.
Source: Global Times | 2020/1/12 21:33:40

Phase one deal goes beyond agriculture

The upcoming phase one trade agreement between China and the US will cover a wide range of areas from intellectual property rights (IPR) to enforcement mechanism, and the terms will be balanced and legally binding on both sides, sources close to the trade talks and analysts told the Global Times on Sunday.
Source: Global Times | 2020/1/12 21:28:40