BUSINESS >> Economy

'Substantial progress' in China-US trade consultations

In a new round of trade consultations between China and the US held in Washington, the two sides achieved substantial progress in multiple areas, laying a significant groundwork for the signing of a phased agreement, Chinese Vice Premier Liu He said on Saturday, during the opening of the 2019 World Conference on VR Industry in Nanchang, capital of East China's Jiangxi Province.
Source: Global Times | 2019/10/19 13:18:29

China's fixed-asset investment growth up 5.4 pct

China continued to see steady growth in fixed-asset investment (FAI), boosted by robust high-tech investment, in the first three quarters of 2019, official data showed Friday.
Source: Xinhua | 2019/10/19 9:44:18

Q3 GDP rises 6%, within target range

China's GDP grew by 6.0 percent year-on-year in the third quarter, a 27-year low amid the impact of a bruising trade war with the US and other downward pressure. The figure is still within the annual target set by policymakers, and analysts forecast that this year's GDP growth rate will fall within the range as more stimulus measures kick in and economic potential further unfolds.
Source: Global Times | 2019/10/18 19:13:40

IMF chief hails progress in China-US trade talks, urges "trade peace"

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday hailed the progress made in the latest round of China-US trade talks as "extremely good news," urging the world to grasp the opportunity to achieve "a trade peace."
Source: Xinhua | 2019/10/18 14:49:12

China, Mauritius sign free trade agreement

China and Mauritius signed a free trade agreement (FTA) here Thursday, the first FTA between China and an African country, according to the Ministry of Commerce (MOC).
Source: Xinhua | 2019/10/18 11:27:11

China's success proves Western development model "by no means the only option": scholar

China's "splendid success" in economic growth and poverty alleviation in the past 70 years proves that the Western development model "is by no means the only option," a scholar in the United States has said.
Source: Xinhua | 2019/10/18 11:10:48

China's Q3 GDP growth slows to 6.0% to hit a 27-year low, still within target range

China's GDP grew 6.0 percent in the third quarter of 2019, touching a 27-year low amid the impact of a bruising trade war with the US and other downward pressure. But the number is still within the annual target range set by policymakers, and analysts forecast that the GDP growth rate will rebound in the fourth quarter as more stimulus measures kick in and economic potential further unfolds.
Source: Global Times | 2019/10/18 10:45:47

China's Q3 GDP grew 6.0%, and 6.2% Jan-Sept, within target range

China's GDP grew 6.0% in Q3, hitting a 27-year low. It translated to a growth rate of 6.2%? from Jan to Sep. The number is still within the annual target range of 6%-6.5% set by policymakers.
Source: Global Times | 2019/10/18 10:02:06

Hong Kong construction union freezes salaries for first time since 2007

The Hong Kong Construction Industry Employees General Union (HKCIEGU) announced plans to freeze the salaries of 15 engineering professions including concrete and reinforcement fixing, the first such action in 10 years, as the ongoing riots have dealt a huge blow to the city's businesses, Hong Kong media reported.
Source: Global Times | 2019/10/17 21:23:40

Q3 GDP growth rate forecast to slow to 6.1%

With China scheduled to release GDP data for the third quarter on Friday, experts forecast that growth likely slowed to 6.1 percent, mostly due to the performance of exports and retail consumption.
Source: Global Times | 2019/10/17 21:18:40

China cuts $6.8b in US Treasuries in August, hitting a record low since May 2017

China cut its holdings of US Treasury securities by $6.8 billion in August to $1.1035 trillion, the lowest level since May 2017, a move that experts said was aimed at diversifying the country's foreign reserves and preventing risks amid the trade war with the US.
Source: Global Times | 2019/10/17 21:08:41

Macao authorizes feasibility study of yuan-denominated securities market: official

The government of the Macao Special Administrative Region (SAR) has employed a global consultancy to study the establishment of a yuan-denominated securities exchange, Leong Vai Tac, director of the Department of Economy and Finance of Macao, told a meeting on Thursday.
Source: Global Times | 2019/10/17 20:33:30

Hunan takes down all P2P services

All peer-to-peer (P2P) online lending platforms in Central China's Hunan Province - including 24 that had failed to pass regulatory reviews - have been taken down, according to a government statement released on Wednesday.
Source: Global Times | 2019/10/17 20:27:17

Europe accelerates 5G rollout

5G has now moved from hype to reality in Europe.
Source: Global Times | 2019/10/17 19:33:40

US to create favorable conditions for Chinese agricultural purchases: MOFCOM

China will increase purchases of US agricultural goods, to facilitate the signing of a phase-one trade deal with US, said Ministry of Commerce (MOFCOM) spokesperson Gao Feng on Thursday.
Source: Global Times | 2019/10/17 18:08:40

China's food self-sufficiency a blessing to world

China is expected to consume 700 billion kg of food in 2020, while the total volume of the global food trade is only about 400 billion kg a year.
Source: Xinhua | 2019/10/17 15:01:00

Chinese bank joins UN push to scale up investment for sustainable development

The UN announced Wednesday that 30 global business leaders, including the Industrial and Commercial Bank of China (ICBC), will work together over the next two years to free up trillions of dollars to finance the Sustainable Development Goals (SDGs).
Source: Xinhua | 2019/10/17 14:28:53

China cuts $6.8b in US Treasuries in August, hitting a record low since May 2017

China decreased its holdings of US Treasury securities by $6.8 billion in August down to $1.104 trillion, hitting a record low since May 2017. It remains the second-largest creditor of the US after Japan, according to data released by the US Department of the Treasury on Wednesday.
Source: Global Times | 2019/10/17 11:24:15