BUSINESS >> Economy

US manufacturing return unlikely to become a reality

US President Donald Trump's drive to bring back outsourced, traditional manufacturing jobs may be facing a reality check, even as the country put on a show highlighting American manufacturing.
Source: Global Times | 2019/7/23 15:52:04

China's new tax, fee cuts save businesses 1.2 trln yuan in H1

China's newly-introduced tax cuts and fee reductions have saved businesses by around 1.17 trillion yuan (about 170 billion US dollars) in the first half of the year, official data showed Tuesday.
Source: Xinhua | 2019/7/23 15:29:52

US' unilateral sanctions on Chinese oil trading firm 'illegal': experts

The US' unilateral penalties on a Chinese oil trading firm for its regular business with Iran is unreasonable and illegal, experts and industry representatives told the Global Times.
Source: Global Times | 2019/7/23 15:28:40

Chinese entrepreneur cancels lunch with Warren Buffett, denies illegal fundraising and laundering

Chinese blockchain entrepreneur Sun Yuchen, who canceled a charity lunch with US financier Warren Buffett on Tuesday morning, denied media reports that he was embroiled in illegal fundraising and money laundering.
Source: Global Times | 2019/7/23 14:18:50

China's STAR stocks slide after resounding opening day

The China's newly established high-tech board, the Science and Technology Innovation Board (STAR market) cooled down during the morning session of the second trading day, as most STAR stocks gradually corrected after a surge in market values on Monday.
Source: Global Times | 2019/7/23 12:42:20

Smart business

A view of a 5G-powered business hall of China Telecom in Wuhan, capital of Central China's Hubei Province over the weekend. The business hall is the largest of its kind in Central China, enabling people to experience 5G-enabled applications such as one-stop smart home services. Employees said that the Huawei Mate20 X 5G smartphone, priced at about 7,000 yuan ($1,017), will go on sale at the facility next month. Photo: VCG
Source: VCG | 2019/7/22 21:03:40

Regulation targets social credit rules for cyberspace, aims to restore trust

The Cyberspace Administration of China (CAC) released a draft regulation on Monday to promote credit construction in the field of internet information services, another step to advance the full-scale establishment of the country's social credit system.
Source: Global Times | 2019/7/22 20:48:40

China overtakes US on global business ranking

For the first time since the debut of the Fortune Global 500 in 1990, a country other than the US is at the top of the ranks of global large businesses.
Source: Global Times | 2019/7/22 20:43:40

China to impose anti-dumping duties on imported stainless steel products

China's Ministry of Commerce (MOC) on Monday announced anti-dumping measures on stainless steel billets, hot rolled stainless steel plates and coils imported from the European Union, Japan, the Republic of Korea (ROK) and Indonesia.
Source: Xinhua | 2019/7/22 20:41:42

China, UAE set sights on broader cooperation

China and the United Arab Emirates (UAE) signed multiple agreements on Monday to enhance bilateral cooperation in sectors ranging from energy to financing under the Belt and Road Initiative (BRI).
Source: Global Times | 2019/7/22 20:38:40

China-US tension to ease temporarily

Ongoing trade tension between China and the US is likely to ease in the near future, but some volatility in the bilateral relationship may remain, and Beijing's resistance to external pressure has far exceeded US expectations, Chinese experts said on Monday.
Source: Global Times | 2019/7/22 20:23:41

Stocks surge at debut of Chinese tech board

Heated trading welcomed the first day of China's new Science and Technology Innovation Board on Monday, as capital poured into the new board that aims to support homegrown technology start-ups in China.
Source: Global Times | 2019/7/22 20:13:40

BRI to lift NE Asian economy

The China-proposed Belt and Road Initiative (BRI) will give a strong impetus to high-quality economic and trade growth among Northeast Asian countries and broader regional cooperation under the framework is expected, a senior official from the Ministry of Commerce (MOFCOM) said on Monday.
Source: Global Times | 2019/7/22 20:08:40

Chinese-funded water project to help ease water shortage in Quetta, Pakistan

The Chinese Embassy in Pakistan has handed over a sustainable water project to Pakistan's southwest provincial capital Quetta as part of China's ongoing efforts to build more social development projects in the country.
Source: Xinhua | 2019/7/22 12:21:15

Chinese enterprises seek new purchase of US agricultural produce, tariff relief

Some Chinese enterprises have inquired with US exporters about the purchase of agricultural produce and applied for the lifting of tariffs on the products in accordance with the regulations of the Customs Tariff Commission of the State Council, Chinese authorities said Sunday.
Source: Xinhua | 2019/7/22 10:14:04

Provinces on stable growth track

Although their growth rates are slowing, the 18 provincial-level regions that had released first-half GDP data as of Sunday all presented a picture of economic resilience amid a complex external situation.
Source: Global Times | 2019/7/21 20:14:11

Ready to fly

Employees at Beijing Daxing International Airport conduct the first full-scale exercise on Friday, days before the airport officially opens to air traffic. A total of 1,182 “passengers” brought suitcases and employees practiced pre-boarding procedures including checking in, consignment, and security checks. Photo: VCG
Source: VCG | 2019/7/21 20:13:40

China plans US farm product purchases, shows sincerity to reach deal

China is making plans to purchase agricultural products from the US, a gesture experts said shows Beijing's sincerity and goodwill to push forward the bilateral trade negations, and also a firm step of realizing the consensus made by the two heads of state during the G20 meeting.
Source: Global Times | 2019/7/21 20:12:39