BUSINESS >> Economy

China private rocket firm signs 100-mln-yuan contracts with UK, Italian counterparts

China's private rocket company Land Space Technology Corporation Ltd. signed contracts with UK's Open Cosmos and Italy's D-Orbit Thursday, totaling over 100 million yuan (14.8 million US dollars).
Source: Xinhua | 2019/4/26 22:31:35

China's foreign exchange market turnover at 19.39 trln yuan

China's foreign exchange (forex) market reported turnover of 19.39 trillion yuan (about 2.88 trillion US dollars) in March, according to official data released on Friday.
Source: Xinhua | 2019/4/26 21:04:09

China set to be engine of global luxury spending: McKinsey report

China is set to be the engine of global luxury spending, with young consumers powering the strong growth, according to a report released Friday by global consultancy McKinsey & Company.
Source: Xinhua | 2019/4/26 20:38:11

Foxconn to launch manufacturing base for smart wearables in Chengdu

Foxconn Technology Group, the world's largest electronics contractor, plans to build a manufacturing base for smart wearables in Chengdu, the capital of southwest China's Sichuan Province.
Source: Xinhua | 2019/4/26 20:34:21

China's Internet copyright industry posts 16.6 pct growth

China's Internet copyright industry grew 16.6 percent year on year to reach 742.3 billion yuan (110.2 billion US dollars) in 2018, according to a report released Friday.
Source: Xinhua | 2019/4/26 20:11:36

Huawei, ZTE ink deals with Hungarian firms under BRI

Companies from China and Hungary on Friday signed several cooperation agreements, as Hungarian officials seek to strengthen economic and trade ties with China and explore further opportunities under the Belt and Road Initiative (BRI).
Source: Global Times | 2019/4/26 20:01:57

China's property loan growth slows amid tough purchase restrictions

Loans to China's real estate sector grew at a slower pace in the first quarter as government purchase restrictions remain in place in major cities, data from the central bank showed Friday.
Source: Xinhua | 2019/4/26 19:48:48

Switzerland to join BRI, boost business ties

Switzerland and China will sign a Memorandum of Understanding (MOU) on cooperation with third markets under the Belt and Road Initiative (BRI), Swiss President Ueli Maurer said in Beijing on Thursday.
Source: Global Times | 2019/4/26 1:54:28

China's industrial robot sales up nearly 15 pct in 2018

China's industrial robot industry has developed rapidly with sales last year increasing nearly 15 percent, statistics from a Chinese think tank showed.
Source: Xinhua | 2019/4/26 18:08:45

Considering yuan in emergency pool shows international currency progress: analysts

Association of Southeast Asian Nations (ASEAN) members and their East Asian partners are considering adding the Chinese yuan and the Japanese yen to their currency swap safety net, Japanese news site nikkei.com reported on Friday.
Source: Global Times | 2019/4/26 17:18:40

Land-sea freight route connects China's Chongqing, Indonesia

A new land-sea freight route was launched Friday, linking southwest China's Chongqing Municipality and Indonesia.
Source: Xinhua | 2019/4/26 16:34:11

Foreign companies slam claim of Chinese 'debt trap'

Company representatives at the second Belt and Road Forum (BRF) for International Cooperation have pushed back against accusations that the Belt and Road Initiative (BRI) creates a "debt trap," calling such a claim unjustified and defending their agreements with Chinese counterparts as "neutral and beneficial."
Source: Global Times | 2019/4/26 13:13:40

EU, Japan hail bilateral trade agreement at summit

The European Union and Japan hailed their bilateral trade agreement on Thursday, saying it is the model of high standard rules in the 21st century.
Source: Xinhua | 2019/4/26 9:44:00

China's central bank denies changes to monetary policy in move to calm markets

China's central bank on Thursday sought to calm markets as speculation grew that the bank might tighten monetary policy after better-than-expected economic data in first quarter, saying that it would stick to its prudent stance despite short-term changes.
Source: Global Times | 2019/4/25 21:58:41

Netherlands could play bigger role in BRI: analyst

Companies from the Netherlands see great potential in the Chinese market and are actively exploring business opportunities in a wide range of sectors from logistics to technologies, as the two countries have decided to strengthen bilateral cooperation, executives said on Thursday.
Source: Global Times | 2019/4/25 21:33:40

Tibet to enhance trade ties with South Asia

Economic and trade exchanges between Southwest China's Tibet Autonomous Region and its South Asian neighbors have become increasingly close under the Belt and Road Initiative (BRI), with trade rising 6.8 percent to 2.57 billion yuan ($382 billion) in 2018, local customs data showed.
Source: Global Times | 2019/4/25 20:33:43

Israeli chip firms help sector's rise in China

China will remain a promising market for Israeli chipset makers for the foreseeable future, and the world-leading advantage of Israel in high technology and innovation will help promote China's development in the sector via cooperation, entrepreneurs and investors told the Global Times.
Source: Global Times | 2019/4/25 20:23:40

BRI markets expected to see tourism boom from Chinese travelers

Countries and regions along the routes of Belt and Road Initiative (BRI), especially those in eastern Europe, are expected to see a tourism boom from China as more BRI projects usher in better ties in terms of financial integration and policy coordination.
Source: Global Times | 2019/4/25 20:23:40

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