SOURCE >> Economy

Will Chinese firms flock to buy US soybeans?

China's purchases of US crops used to be a big sticking point in the phase one trade deal negotiations, and while Chinese industry representatives anticipate that the deal might bring bilateral soybean trade back to normal, firms may not flock to buy US crops even if the deal is finalized next week.
Source: Global Times | 2020/1/9 21:03:40

US to stop calling China currency manipulator as yuan edges up: experts

The US is likely to retract its labeling of China as a currency manipulator soon as the yuan has demonstrated an evident appreciation in recent days and the countries move to settle their trade dispute, exchange rate experts said on Thursday.
Source: Global Times | 2020/1/9 20:31:23

China's oil, gas market set for full opening

China will fully open its petroleum and natural gas exploration and development market, allowing more private and foreign firms to enter the sector, in a move to increase energy supply capacity amid rising tensions in the Middle East.
Source: Global Times | 2020/1/9 20:08:40

China urges US to stop abusing export control measures in wake of AI rule

China hopes the US could stop using national security concerns as an excuse for its export controls, so as to create a fair environment for companies of different countries to conduct normal trade and cooperation, China's Ministry of Commerce (MOFCOM) said in response to US' latest move to restrict artificial intelligence (AI) software exports.
Source: Global Times | 2020/1/9 18:08:40

Chinese envoy to US slams 'new Cold War' mentality ahead of phase one deal

A Chinese envoy to the US on Wednesday expressed harsh criticism of what he calls “extreme rhetoric,” including terms such as “decoupling” and a “new Cold War” between China and the US, and stressed that China will not back down on matters related to its core national interests.
Source: Global Times | 2020/1/9 16:53:40

Chinese vice premier to sign phase one trade deal in the US next week

Chinese Vice Premier Liu He will lead a delegation to Washington next week to sign a phase one trade agreement with the US, China's Ministry of Commerce (MOFCOM) announced on Thursday, marking another milestone in efforts to resolve the long-running trade war.
Source: Global Times | 2020/1/9 15:09:56

Yuan soars amid heightened geo-political tensions

The onshore yuan has skyrocketed despite growing geo-political tensions, triggering comments from market watchers that the US should retract its labeling of China as a currency manipulator.
Source: Global Times | 2020/1/9 11:56:18

China's CPI hits 4.5% in Dec, stabilizing as pork-price growth levels

China's year-on-year growth in its consumer price index (CPI) was recorded at 4.5 percent in December, the same as in November and in line with market expectations, according to data released by the National Bureau of Statistics (NBS) on Thursday.
Source: Global Times | 2020/1/9 10:38:59

China's CPI rises 2.9 last year

China's CPI rose 4.5 percent y-o-y in December and 2.9 percent annually. PPI down 0.5 percent y-o-y in December, according to NBS.
Source: Global Times | 2020/1/9 9:50:05

World Bank says global growth to recover to 2.5 pct in 2020, but downside risks persist

Global economic growth is projected to recover to 2.5 percent in 2020, up slightly from the post-crisis low of 2.4 percent registered in 2019, but downside risks persist, the World Bank said on Wednesday.
Source: Xinhua | 2020/1/9 8:55:00

Czech govt will follow principles of transparency, fairness on Huawei's 5G

The government of the Czech Republic will take a fair and transparent stance on Huawei, a senior Czech diplomat told the Global Times in an exclusive interview on Wednesday.
Source: Global Times | 2020/1/8 21:23:40

Foxconn refutes report on India plans

Foxconn Technology Group, the world's largest contract manufacturer of consumer electronics, has refuted a media report about the cancellation of its Indian investment, according to a company statement, but analysts noted that challenges persist for India's manufacturing upgrade.
Source: Global Times | 2020/1/8 21:13:40

Tibet's GDP grew 9% in 2019, helping raise incomes and stabilize unemployment

The GDP of Southwest China's Tibet Autonomous Region grew about 9 percent in 2019.
Source: Xinhua-Global Times | 2020/1/8 21:08:41

A Transcontinental Friendship

Chinese State Councilor and Foreign Minister Wang Yi started paying official visits throughout Africa Tuesday for his first foreign trip in 2020, marking the 30th consecutive year since 1991 that a Chinese foreign minister has visited Africa at the start of every year.
Source: Xinhua-Global Times | 2020/1/8 21:03:40

China's CNPC 'has no plans' to recall staff from Iraq oil projects yet: source

China National Petroleum Corp (CNPC), one of the leading oil companies in the world, had no plans to pull staff from its oil projects in Iraq despite rising tensions in the region, a source close to the company told the Global Times on Wednesday.
Source: Global Times | 2020/1/8 19:01:37

Blockchain, nighttime economy among annual key words of China's cultural industry

A recent report on China's cultural industry has included "Blockchain," "5G plus Culture" and "Nighttime Economy" in its keywords for 2019, China Culture Daily reported Wednesday.
Source: Xinhua | 2020/1/8 17:03:42

Hong Kong remains attractive to mainland SOEs

China's central government will continue to promote and support state-owned enterprises (SOEs) by deepening strategic cooperation with Hong Kong's capital market, a government official said.
Source: Global Times | 2020/1/8 15:38:40

Figuratively Speaking

China's foreign reserves at the end of December 2019, up 0.4% from November.
Source: Global Times | 2020/1/7 22:03:40