Mining mutual aid

A three-hour's drive from Myanmar's second largest city Mandalay sits the Letpadaung Copper Mine, spanning about 40,000 hectares in Monywa.

Alibaba, Tencent to hit $1t market caps within next few years: experts

Experts expect that certain Chinese technology giants, mainly Alibaba and perhaps Tencent, will become members of the $1 trillion market capitalization club within next few years.
Source: Global Times | 2020/1/19 21:33:41

China's new generation of credit data to affect individuals

China on Sunday began to provide public and financial institutions with second-generation credit report inquiry services, a move that analysts said will provide a more comprehensive credit picture for individuals amid the country's strengthened efforts to forge its social credit system.
Source: Global Times | 2020/1/19 21:28:40

Bottles survive the blaze

The spread of wildfires in Australia has caused concern around the world, especially regarding the survival of the country's wine industry. But industry insiders said bushfires have caused limited impact on the Australian wine industry and its exports to China are expected to rise this year. Australia will likely remain China's biggest wine importer nation.
Source: Global Times | 2020/1/19 21:23:40

China's industry watchdog to address urgent issues in software development

China will ramp up efforts to craft data security standards, data usage rights and ownership legislation as part of the drive to boost its software sector, the Ministry of Industry and Information Technology (MIIT) said on Sunday.
Source: Global Times | 2020/1/19 20:58:44

China, EU face urgency to reach BIT

After China and the US signed a phase one trade deal, talk of a bilateral investment treaty between China and the EU re-emerged. Can the agreement be signed in 2020?
Source: Global Times | 2020/1/19 20:58:42

China's local govts put quality over speed, set lower GDP targets for 2020

Most provincial-level governments in China have lowered their 2020 GDP growth goals. Experts said the goals tend to be conservative given the existing size of the economy, and local governments are encouraged to aim for high-quality growth instead of just high-speed growth.
Source: Global Times | 2020/1/19 20:58:40

Market's role decisive in China's imports

Chinese companies will negotiate with their US partners to expand imports based on market principles and WTO rules, a Chinese official said on Sunday, in responding to one of the key elements in the newly reached China-US phase one trade deal – expanding imports from the US.
Source: Global Times | 2020/1/19 20:53:41

China-US BIT terms may be included in phase two trade talks: source

With thawing China-US trade relations after the signing of the phase-one trade deal, China is willing to promote a bilateral investment treaty (BIT) and may include some BIT terms into the phase two trade talks, a source close to the Chinese government said.
Source: Global Times | 2020/1/19 20:53:40

EU risks overplaying hand in BIT talks with China

The EU could create uncertainty and risks for a bilateral investment treaty (BIT) with China, which otherwise has been progressing steadily and is set to be completed by the end of the year, if it resorts to a tougher approach in the negotiations as some are calling for, Chinese analysts said on Sunday.
Source: Global Times | 2020/1/19 19:18:40

Hong Kong airport registers decline in passenger, cargo volume in restless 2019

The passenger volume and cargo throughput the Hong Kong International Airport (HKIA) handled in 2019 decreased by 4.2 percent and 6.1 percent respectively compared with the previous year, the Airport Authority Hong Kong said on Sunday.
Source: Xinhua | 2020/1/19 17:20:00

Chinese firms to import from the US based on market principles: official

Chinese companies will negotiate with US firms to expand on imports based on market principles and WTO rules, a Chinese official said Sunday in Beijing, responding to one of the key elements in the newly reached China-US first phase trade deal.
Source: Global Times | 2020/1/19 14:28:40

China's top economic planner approves investment projects worth 194 bln USD in 2019

China's top economic planner said Sunday that it has approved 157 fixed-asset investment (FAI) projects with combined investment totaling 1.33 trillion yuan (about 194 billion US dollars).
Source: Xinhua | 2020/1/19 14:20:41

China to overtake France as 2nd largest wine market by 2023: report

China is expected to overtake France as the second largest wine market by 2023, according to a report released in London.
Source: Xinhua | 2020/1/19 13:30:10