BUSINESS >> Economy

China releases new policy guideline to master key VR technologies by 2025

China on Tuesday released a policy guideline to boost the development of virtual reality (VR) technologies, offering a wide range of policy support and aiming to master core technologies by 2025.
Source: Global Times | 2018/12/25 22:39:43

Stabilizing overall growth crucial to avoiding mass layoffs in China:analysts

In face of mass layoffs in Chinese internet companies and talk of a negative job market in 2019, economists said as long as more supportive policies are rolled out in a timely manner, China's employment will be stable despite downward economic pressure.
Source: Global Times | 2018/12/25 22:33:39

Trade war 'biggest' risk for US, China in 2019: think tank

The ongoing trade war between China and the US may be the biggest external risk for the Chinese economy in 2019, but it could also help the country further deepen reform and opening-up, analysts said on Tuesday.
Source: Global Times | 2018/12/25 22:21:40

HSR in Shaanxi

The National Development and Reform Commission, the country's top economic planning agency, said on Tuesday that it has approved a high-speed railway (HSR) project in Northwest China's Shaanxi Province that will have total investment of 55.16 billion yuan ($8.01 billion).
Source: Reuters-Global Times | 2018/12/25 22:03:40

GEM signs material supply deal with S.Korea's ECOPRO

Chinese battery producer GEM Co will supply 170,000 tons of raw materials to South Korean battery maker ECOPRO Co from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market.
Source: Reuters-Global Times | 2018/12/25 22:03:39

Sales rise for men's underwear indicates economic recovery in Liaoning Province

The rise in sales of men's underwear in Northeast China's Liaoning Province has indicated the economic recovery of the province, and the region needs to strive to develop its new industries to keep up the momentum, said an expert.
Source: Global Times | 2018/12/25 20:03:39

China won't resort to massive stimulus but more easing seen: central bank adviser

China will not resort to a “flood-like” stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks, media reports said on Tuesday, citing a central bank adviser.
Source: Agencies | 2018/12/25 19:51:30

High-speed railway starts operation in coldest region

A high-speed railway line officially went into operation on Tuesday, linking cities in China's northernmost province of Heilongjiang, where the temperatures can dip as low as minus 40 degrees Celsius.
Source: Agencies | 2018/12/25 19:51:29

Nation's biggest shale gas base

A shale gas base of PetroChina, which is located in south of Southwest China's Sichuan Province, has become the biggest production base for shale gas in China, with a daily production of 20.11 million cubic meters, the Xinhua News Agency reported on Tuesday.
Source: Global Times | 2018/12/25 19:51:29

Huawei won't yield on 5G drive despite rising obstacles: chairman

Chinese telecoms equipment provider Huawei Technologies will not give up the pursuit of 5G advances despite facing external pressure, Chairman Liang Hua told a press conference on Tuesday.
Source: Global Times | 2018/12/25 19:48:40

Golden travel line

Workers dressed in local costume to celebrate the opening of high-speed bullet train linking Hangzhou, capital of East China's Zhejiang Province with Huangshan, a city in East China's Anhui Province on Tuesday. Tickets for the route, which is dubbed as the “golden travel line,” went on sale on Monday. Photo: IC
Source: IC | 2018/12/25 18:33:27

Internet finance in a state of flux with regulators stepping in to bring some stability and direction

China's internet finance industry, where chaos broke out in mid-2018, has recovered a little bit so far but it is still far from a genuine rebound.
Source: Global Times | 2018/12/25 18:26:23

China stocks follow global sell-off on US market; financial shares help recover losses

China stocks fell over 2 percent on Tuesday morning but recovered much of the losses by the close, aided by a late rebound in financial shares.
Source: Reuters-Global Times | 2018/12/25 18:23:40

Citic Securities to take over smaller brokerage house

Citic Securities Co, one of China's largest full-service investment banks, announced the plan to take over Guangzhou Securities on Monday. An expert said that the takeover is just the beginning of a consolidation trend in the industry.
Source: Global Times | 2018/12/25 18:23:40

Dollar falls sharply amid equities rout

The dollar fell to four-month lows against the yen on Tuesday as investors cut exposure to riskier assets after Washington struggled with a partial government shutdown and open confrontation between the White House and the central bank.
Source: Reuters-Global Times | 2018/12/25 18:23:39

South China Sea booming

China's southern marine economic zone including the South China Sea has outgrown the north and east marine economic zones in gross ocean product, reaching 3 trillion yuan ($440 billion ) in 2017, an increase of more than 80 percent since 2012.
Source: Global Times | 2018/12/25 17:18:39

China releases downsized negative list for market access of 2018

China has released a new negative list for market entry for 2018 on Tuesday, which contains 151 items that companies are banned from accessing or need to acquire a license beforehand, marking the first time China introduced the negative list to a nationwide level
Source: Global Times | 2018/12/25 14:07:42

Trade friction with US helps China deepen reforms: Chinese experts

Chinese experts said the trade friction between China and the US helps China to deepen reforms objectively, although the US wants to limit China's development.
Source: Global Times | 2018/12/25 12:07:52

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