BUSINESS >> Economy

Huawei revenue surging 39% in Q1 despite rising US pressure

Huawei Technologies, the largest telecom equipment maker in the world, announced a staggering of 39 percent year-on-year rise in business revenue for the first quarter of 2019, continuing a stellar growth despite rising pressure from the US government.
Source: Global Times | 2019/4/22 13:51:29

China confirms no pork imported from ASF affected countries

A Chinese official denied that China's African swine fever (ASF) epidemic originated with pork imported from Russia, according to a report from The Beijing News on Sunday.
Source: Global Times | 2019/4/22 13:08:29

Hohhot housing policy underscores cities' need for talent amid shifting economy

New policies to attract talent by many Chinese cities show the cities are anxious about their long-term development momentum, and retaining talent is the most direct way to cope with the problem, analysts told the Global Times Sunday.
Source: Global Times | 2019/4/21 21:08:40

China to increase imports of corn, but won't change quota

China is expected to increase corn imports in the coming years after having reduced stockpiles in recent years, according to a report published on Saturday.
Source: Global Times | 2019/4/21 20:58:39

Historic edition

An employee shows the special edition stamp for Chinese mythological novel Journey to the West at a post office in Shenyang, capital of Northeast China's Liaoning Province on Saturday. The special edition, with a total face value of 11.40 yuan ($1.70), includes four small stamps and a small sheet featuring different plots of the novel. Thousands of stamp collectors have already bought the set.
Source: VCG | 2019/4/21 20:38:39

Chinese govt meeting discusses new sci-tech board

The Chinese government's emphasis on information disclosure for IPOs for the impending science and technology innovation board shows that this is the most critical factor for the new board to succeed as the country moves away from the approval system, experts said on Sunday.
Source: Global Times | 2019/4/21 20:14:56

Economic cooperation with China under BRI helps Cambodia diversify economy, strengthen resilience

Cambodia, a firm supporter of China's Belt and Road Initiative (BRI) , has been benefiting in various areas through comprehensive economic cooperation with China to diversify its economy and strengthen resilience, Cambodian officials.
Source: Xinhua | 2019/4/21 19:21:01

Sony eyes China's lucrative anime market as other sectors wane

Japanese conglomerate Sony is reportedly planning to expand its presence in the fast-growing anime market in China, as the company faces tough times in its other businesses including smartphones, and as China vows to improve protection of intellectual property rights (IPR).
Source: Global Times | 2019/4/21 19:13:40

More Chinese to visit Italy, Switzerland

Joining the China-proposed Belt and Road Initiative (BRI) would be a good choice for countries around the world as it brings joint economic development, cultural exchanges and jobs. It seems that the most immediate benefit for those who sign a BRI deal is a tourism boom driven by Chinese visitors as peak vacation season approaches.
Source: Global Times | 2019/4/21 18:33:41

Malicious claim for CIA to declare Huawei gets funds from PLA

Claims that China's Huawei Technologies is funded by Chinese security agencies are groundless, morally malicious and show a lack of understanding about how the world's tech giant is operated and managed. The claims also reflect ongoing efforts of the US to crack down on the advanced global 5G player, which are in line with Washington's zero-sum game approach, industry insiders said Sunday.
Source: Global Times | 2019/4/21 18:13:39

Over 200 Fortune 500 companies sign up for 2nd CIIE

More than 200 Fortune 500 companies have signed up for the second China International Import Expo (CIIE), according to the organizer.
Source: Xinhua-Global Times | 2019/4/21 17:03:39

China, Australia bonded by wine

If he could travel back in time, Yuan Shichao would go back to 2011 to thank himself for his “crazy” decision.
Source: Xinhua-Global Times | 2019/4/21 16:58:39

The WTO's ruling should not be viewed as 'victory' or 'defeat'

On Thursday, the World Trade Organization (WTO) released a panel report on the case the United States lodged in December 2016 against China for its use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China's administration of tariff-rate quotas violated its commitment to administer them transparently, while rejecting the appeal by the American side which demanded that China release the information on tariff-rate quotas.
Source: China Plus | 2019/4/21 9:13:25

China securities regulator imposes record fines in 2018

China's securities watchdog toughened punishment on illegal market activities last year amid strengthened supervision, with total fines and administrative penalties reaching a three-year high.
Source: Xinhua | 2019/4/21 8:12:12

China leads BRI with full tech support

China is going all out to provide science and technology support for cooperation projects in countries involved in the Belt and Road Initiative (BRI) with continuous financial and talent investment.
Source: Global Times | 2019/4/19 20:48:40

Iran plans to reform currency by deleting 4 zeros from monetary unit

Iran plans to reform its currency rial by removing four zeros from the monetary unit, the Eghtesadonline news website reported Thursday.
Source: Xinhua | 2019/4/19 9:56:53

New trade agreement between US, Mexico, Canada "positive" for US economy: report

If fully enforced, the trade agreement struck between the United States, Mexico and Canada late last year "would have a positive impact on US real GDP and employment," the United States International Trade Commission (USITC) said in a report released Thursday.
Source: Xinhua | 2019/4/19 9:42:32

Bound for Russia

A China-Europe freight train loaded with Great Wall Automobile vehicles departs from Handan, North China's Hebei Province on Thursday. The train, which will transit the Manzhouli land port, will arrive in Moscow after 15 days. Photo: IC
Source: IC | 2019/4/18 21:08:41

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