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Financing spearheads China-Africa cooperation

Practical, customized and innovative forms of financing are spearheading economic cooperation between China and Africa, executives and officials said at a seminar in Beijing on Monday.
Source: Global Times | 2019/6/24 22:28:41

CPC officials should not violate securities regulations: commissions

China's top anti-graft body on Monday clarified regulations for members and officials of the Communist Party of China (CPC) in relation to securities trading, saying that they can engage in legitimate activity in the market but should not violate relevant rules.
Source: Global Times | 2019/6/24 22:21:16

Chinese gold retailers raise prices as international bullion gains

Chinese gold retailers are raising prices as international bullion prices keep rising amid an unstable global situation. On Monday, the gold price surged to $1,403.90 per ounce (oz) in the afternoon trading session in the Asian market, after hitting the highest level since 2013 on Friday at $1,400 per oz.
Source: Global Times | 2019/6/24 19:44:34

China's farm imports from US dive from Jan to May

China's imports of major agricultural products from the US have slumped, and buyers are shifting to other countries because of the tariffs war between China and the US, according to statistics released by the Ministry of Agriculture and Rural Affairs on Monday.
Source: Global Times | 2019/6/24 19:23:40

Dubai becomes transshipment point as China-Mideast trade flourishes

China's rising trade with the Middle East is boosting investment, such as logistics construction, in Dubai, which is becoming a transshipment station in the region. Some Dubai-based companies are anticipating that the forthcoming Expo 2020 to be held in Dubai will be a chance to boost trade between China and UAE, particularly trade of small commodities.
Source: Global Times | 2019/6/24 18:33:39

US consumers to bear primary tariff costs on winter sports products: association

The additional 25 percent tariffs on winter sports products proposed by the US federal government would be mainly passed on to US consumers, said an official with US snow sports trade association Snowsports Industries America (SIA).
Source: Xinhua | 2019/6/24 16:52:06

Hong Kong stocks open 0.26 pct lower

Hong Kong stocks lost 73.08 points, or 0.26 percent, to open at 28,400.63 points on Monday.
Source: Xinhua | 2019/6/24 10:28:45

Dollar changes hands in lower 107 yen range in early trade in Tokyo

The US dollar changed hands in the lower 107 yen zone in early deals in Tokyo on Monday, almost unchanged from its levels in New York late last week.
Source: Xinhua | 2019/6/24 9:27:37

Report predicts China economy to grow at 6.3%

China should unleash the power of reforms to offset the negative effects brought by the US-initiated trade war, leading Chinese economists and analysts said on Sunday, days before the leaders of the two countries are scheduled to meet at the G20 summit in Japan in the hope of breaking the impasse that has beset the world's two largest economies.
Source: Global Times | 2019/6/24 0:08:39

First UHV converter station with 5G technology set up in East China's Anhui

The first ultra-high voltage (UHV) power converter station aided with 5G technology passed tests in Xuancheng, East China's Anhui Province, media reported. It marks the first application of 5G to assist UHV power transmission.
Source: Global Times | 2019/6/23 22:49:53

British beef to get market access by end-2019 after series of trade deals signed

British beef could be served in China at the end of 2019 which will bring millions of pounds in income to the UK's cattle husbandry sector.
Source: Global Times | 2019/6/23 22:28:39

Special financing

A view of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) special section at the China International Financial Expo in Guangzhou.
Source: Global Times | 2019/6/23 22:23:39

China's Guangdong province attracts talent with tax breaks

The Guangdong-Hong Kong-Macao Greater Bay Area is trying to build its talent pool by rolling out favorable tax policies, which analysts said will boost the hub's growth amid China's pursuit of advanced technology and innovation.
Source: Global Times | 2019/6/23 21:58:40

Fast-moving customer goods market stays robust amid evolving social and retail landscape

Emily Li, a 31-year-old financial professional in Beijing, spent over 4,000 yuan ($582.2), about one fifth of her monthly salary, on cosmetics products during the recently-concluded mid-year online shopping festival.
Source: Xinhua | 2019/6/23 18:08:40

Transition to consumer economy offers more investment opportunities: senior investors

Chinese ongoing efforts to transform itself from an export-oriented economy toward a consumption-based one would offer great investment opportunities for international investors, according to senior investment advisors.
Source: Xinhua | 2019/6/23 18:08:39

Chinese export firms reposition themselves against trade headwinds

Caught in an uncertain trade environment where tariff hike threats are yet to be defused, Chinese firms have started to fine-tune their business plans for more predictable growth.
Source: Xinhua | 2019/6/23 18:03:39

Huawei sues US Commerce Department for equipment seizure

China's tech giant Huawei filed a lawsuit on Friday against the US Department of Commerce over its unlawful seizure of Huawei's telecommunication gear shipped to the United States for a testing.
Source: Xinhua | 2019/6/23 10:54:00

Prolonged trade tension takes toll on US, says British economist

Prolonged trade tension takes its toll on the United States and will hurt more severely in the future, said John Ross, former director of economic and business policy of London.
Source: Xinhua | 2019/6/23 10:19:48

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