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BUSINESS >> Economy

China's digital currency not to come as early as speculated

Refuting media reports of launching a national digital currency in November, China's central bank termed press reports as an "inaccurate speculation."
Source: Global Times | 2019/9/22 15:59:10

New tariff exclusion lists set positive tone for future trade talks

The Office of the US Trade Representative (USTR) released three lists on Tuesday that temporarily exempt 437 types of Chinese products from the US imposed tariffs in place since last year. It shows the US has moved one step closer to meeting each other halfway in the Sino-US trade talks.
Source: Global Times | 2019/9/21 22:28:55

US Fed officials remain divided following second rate cut this year

US Federal Reserve officials remain divided following a quarter-point interest rate cut earlier this week, as three of them spoke out and defended their respective views on Friday, signaling a growing split among monetary policymakers amid rising risks to and uncertainties in the US economy.
Source: Xinhua | 2019/9/22 9:08:32

China, US conclude vice-ministerial level trade talks in Washington

China and the United States held vice ministerial-level trade talks here on Thursday and Friday, and conducted constructive discussions on economic and trade issues of mutual concern.
Source: Xinhua | 2019/9/21 9:43:37

Shanghai FTZ provides greater convenience for foreign talents

The new Lingang area of the China (Shanghai) Pilot Free Trade Zone (FTZ) launched 11 new policies Friday to provide greater convenience for foreign talents in high-tech innovational industries, according to authorities of the new area.
Source: Xinhua | 2019/9/21 9:31:13

China's policy financial institutions required to play big role in poverty alleviation

China's banking and insurance regulator has asked the policy financial institutions in China to function as major force in the country's financial poverty alleviation.
Source: Xinhua | 2019/9/21 9:01:47

China, US show goodwill ahead of new talks

Recent engagement between China and US on trade practices is creating favorable conditions to bring them back to the negotiating table, which also shows that they are trying to meet each other halfway and are making efforts to resolve issues of mutual concern, experts said on Friday.
Source: Global Times | 2019/9/20 20:48:40

World Manufacturing Convention opens with focus on innovation, cooperation

The World Manufacturing Convention 2019 opened Friday in Hefei, capital of east China's emerging manufacturing hub of Anhui Province, setting a platform for industry insiders to showcase cutting-edge technologies and develop business contacts.
Source: Xinhua | 2019/9/20 12:59:05

HK cruise firms hit after National Day fireworks show canceled, arrivals plunge

Some Hong Kong-based tourism agencies that offer cruises to enjoy fireworks shows said on Thursday that they will have to cancel all bookings for cruises for the fireworks show on National Day in Victoria Harbour since the show has been called off.
Source: Global Times | 2019/9/19 22:28:41

Solomon Islands could be new Pacific hub for Chinese investments

The Solomon Islands' decision to cut diplomatic ties with the island of Taiwan and acknowledge the one-China principle may attract more investment from the Chinese mainland and help the local economy, an expert has said.
Source: Global Times | 2019/9/19 22:23:42极速赛车手机官网

China stocks rally on US rate cut

Stocks in the Chinese mainland edged up on Thursday following an overnight decision by the US Federal Reserve to cut interest rates for a second time this year, a move that analysts said could benefit China's capital market and help alleviate downward pressure on the yuan.
Source: Global Times | 2019/9/19 22:23:41极速赛车手机官网

HK irreplaceable in nation's development

Hong Kong is irreplaceable in its prominent role in the nation's economic development, given its unique system and strong complementarities with the Chinese mainland, though it faces rising downward pressure due in part to persistent unrest and intensifying competition from some mainland cities, officials and analysts said.
Source: Global Times | 2019/9/19 22:13:48

China set to stick to its policy after US Fed cuts interest rate: analysts

Following the US Federal Reserve's overnight interest rate cuts for the second time in a row, China's capital market is likely to benefit and depreciation pressure on the yuan will be alleviated, industry analysts told the Global Times on Thursday.
Source: Global Times | 2019/9/19 14:08:40

极速赛车手机官网US Fed cuts interest rates for second time this year in divided vote

US Federal Reserve on Wednesday lowered interest rates by 25 basis points amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown, following a rate cut in July that was its first in more than a decade.
Source: Xinhua | 2019/9/19 12:37:36

Dim prospects for HK retail, tourism in upcoming Golden Week

China's Hong Kong Special Administrative Region (HKSAR) is likely to have a chilly time during the upcoming National Day holidays, which are also called Golden Week, in its already declining tourism sector due to persistent political unrest.
Source: Global Times | 2019/9/18 21:43:41

President Xi stresses industrial self-reliance

Domestic manufacturing dominated the stage of a key industrial exposition in Shanghai on Wednesday, a show of China's continuous efforts to upgrade its manufacturing sector in pursuit of high-technology, advanced products.
Source: Global Times | 2019/9/18 21:43:40

Pork prices to stabilize in Chinese market under government policy support: NDRC

Consumer prices in China, including the price of pork, are expected to remain stable under government policy support, a Chinese official said on Wednesday.
Source: Global Times | 2019/9/18 20:25:00

Despite diverse land, China now provides 1.4 billion people with year-round vegetables

Over the past decade, China's vegetable production has increased and has always been the world's largest.
Source: Global Times - Xinhua | 2019/9/18 18:38:40

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