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.

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

Coffee from the clouds

Browsing on his smartphone for US coffee futures prices every day since a decade ago, Wang Chunsun, a coffee farmer living in the outskirts of Pu'er, a city famous for its synonymous tea in Southwest China's Yunnan Province, is optimistic about the prices he can sell his coffee beans for during this harvest season.
Source: Global Times | 2020/1/15 20:53:40

China market news wrap-up

A mild correction on the Chinese mainland market continued into Wednesday, with most stocks losing stream. The flagship Shanghai Composite Index lost 0.54 percent, or 16.78 points, to retreat below 3,100 points. The Shenzhen Component Index finished in negative territory while the ChiNext index closed slightly up.
Source: Global Times | 2020/1/15 20:13:41

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

Lure of opening-up

Global food and drinks giant Nestlé and domestic Kidswant Children Products Co have launched an intelligent supply chain project known as Nestlé-Kidswant Digital Supply Chain Center (DSCC), said a statement by Nestlé.
Source: Global Times | 2020/1/15 19:38:40

China to buy more Boeing aircraft in 2020, analyst says

China may continue the purchase of Boeing aircraft, even though the US planemaker saw orders slump worldwide in 2019 after the grounding of its 737 MAX series over safety concerns, an industry analyst said, in response to speculation over whether Boeing will receive new orders from its major buyer.
Source: Global Times | 2020/1/15 19:33:40

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

Walmart India denies laying off 100 senior executives

Walmart has denied rumors that the company will cut 100 of its senior executives in India, saying the company will continue to invest in the growing market.
Source: Global Times | 2020/1/15 14:38:40

More Chinese to visit Myanmar during cultural tourism year: experts

The number of Chinese tourists visiting Myanmar will increase during 2020 with the opening of the China-Myanmar cultural tourism year, booming bilateral relations under the Belt and Road Initiative and the opening of more direct flights, industry insiders and business representatives said.
Source: Global Times | 2020/1/15 14:13:40

Ecuador receives advance royalties from Chinese mining group

A Chinese mining consortium on Tuesday delivered 15 million U.S. dollars in advance royalties to the Ecuadorian government.
Source: Xinhua | 2020/1/15 14:11:11

Why is Ren Zhengfei going to Davos this year and who he will meet?

Business leaders and politicians worldwide will gather in Davos, Switzerland, next week. Ren Zhengfei, founder of Chinese tech giant Huawei, is set to attend the World Economic Forum (WEF) and is expected to meet European officials and business representatives, analysts said, as Europe has become a major battlefield amid an escalating China-US tech war.
Source: Global Times | 2020/1/15 14:03:40