SOURCE >> Economy

Suzhou scales up

With a history dating back 2,500 years, the ancient eastern Chinese city of Suzhou now thrives with over 400 projects invested by 156 foreign enterprises on the Global Fortune 500 list.
Source: Xinhua-Global Times | 2020/1/7 21:38:41

Chinese fintech firms flock to Singapore

Chinese financial services providers are flocking to Singapore to offer banking services for both retail and wholesale customers, as one of Asia's major financial hubs opens up the sector.
Source: Global Times | 2020/1/7 21:18:40

Western retailers set to tap Chinese consumption power in 2020: Nielsen exec

More big-name Western retailers are expected to set up more outlets in China to tap the burgeoning spending power of the nation's consumers, a senior executive at data analytics company Nielsen said on Tuesday.
Source: Global Times | 2020/1/7 21:03:40

HK's future as bridge between mainland, West will get stronger

The Hong Kong Special Administrative Region's (HKSAR) future role as an international financial hub is still promising, thanks to the central government's internationalization efforts and the city's important position as a bridge between China and the West, industry analysts said on Tuesday.
Source: Global Times | 2020/1/7 20:58:40

China, US could possibly sign phase one trade deal next week: sources

China and the US remain on track to completing a phase one trade agreement, and a signing ceremony could take place next week, sources and analysts told the Global Times on Tuesday.
Source: Global Times | 2020/1/7 18:03:37

Phase one deal won't affect China's grain import quotas: report

The phase one trade deal between China and the US will not change China's import quotas for major grains, according to a report by Caixin on Tuesday that citied Vice Minister of Agriculture and Rural Affairs Han Jun, who is a member of China's trade negotiation team.
Source: Global Times | 2020/1/7 17:50:21

Measures taken to lower China-Pakistan tariffs retroactive to January 1: FM

Measures aiming to lower bilateral tariff levels under the upgraded Free Trade Agreement (FTA) between China and Pakistan took effect on January 1 this year, Geng Shuang, spokesperson of China's Ministry of Foreign Affairs, said on Tuesday.
Source: Global Times | 2020/1/7 16:33:40

More Western retailers will set up shops in China in 2020: Nielsen exec

More big-name Western retailers are expected to set up shops in China to tap into the growing Chinese consumption power, according to a senior executive at data analytics company Nielsen.
Source: Global Times | 2020/1/7 15:33:40

China wary on phase one fate

There is still uncertainty regarding when China and the US will sign the phase one trade agreement as final details remain to be worked out and other complicating factors have arisen, such as the escalating conflict between the US and Iran.
Source: Global Times | 2020/1/6 23:08:40

Trade set for marked gain in both quality and structure in 2020 despite global protectionism

China's foreign trade sector will see a remarkable improvement in 2020 in quality and structural optimization as well as competitiveness, although global protectionism may give rise to more trade friction and uncertainty, experts said on Monday.
Source: Global Times | 2020/1/6 22:48:41

Uncertainty remains over date for signing phase one deal

There is still uncertainty regarding when China and the US will sign the phase one trade agreement as final details remain to be worked out and other complicating factors have arisen, such as the escalating conflict between the US and Iran, Chinese analysts said on Monday.
Source: Global Times | 2020/1/6 22:48:40

ASML expects more business with Chinese partners despite pressure from US

Dutch semiconductor equipment company ASML told the Global Times on Monday that its exports to China are likely to see a further increase, after a Reuters report said that the Trump administration is mounting an extensive campaign to block the sale of Dutch chip manufacturing technology to China.
Source: Global Times | 2020/1/6 21:28:40

Baidu seeks secondary listing in HK: report

The Hong Kong stock market tumbled temporarily in 2019 when the city was immersed in months of unrest, but experts said that the negative impact would be very small as a trend is developing with more Chinese mainland-based, overseas-listed companies seeking secondary listings on the city's market.
Source: Global Times | 2020/1/6 21:13:40

China's fight against financial corruption targets small, medium banks

China's crackdown on financial corruption, which is now eyeing a wider range to cover small and medium-sized banks, will motivate even deepen financial reform as the country is at a critical period of economic transition, experts noted.
Source: Global Times | 2020/1/6 20:53:40

China makes headway in poverty relief through culture, tourism industries

China made solid progress in reducing poverty through the promotion of culture and tourism in poor areas in 2019, said the Ministry of Culture and Tourism.
Source: Xinhua-Global Times | 2020/1/6 20:38:40

Engineering progress

China State Construction Engineering Corporation (CSCEC) is enhancing Egypt's modernization process by constructing a 20-tower business district in the country's new administrative capital city, some 50 km east of Cairo, said the CSCEC branch chief in Egypt.
Source: Xinhua-Global Times | 2020/1/6 19:28:41

CSRC to expand credit database to curb dishonest behavior in markets

China's securities authority is working to establish a long-term credit system for its capital markets and expanding its credit database in an effort to push market reforms and facilitate the registration-based IPO mechanism, according to a report by the Xinhua News Agency, citing officials from the China Securities Regulatory Commission (CSRC).
Source: Global Times | 2020/1/6 19:13:40

Mainland stocks unaffected by US-Iran tensions despite tumbling Asian markets

A-share stock markets in the Chinese mainland were little changed on Monday, although worries over US-Iran tensions dragged down many Asian markets.
Source: Global Times | 2020/1/6 19:03:40