Business

Chinese vice premier heading to U.S. for 7th round of trade talks

Vice Premier Liu He is heading to Washington for the seventh round of high-level economic and trade consultations from February 21 to 22 at the invitation of the U.S. side.

China's largest low-cost carrier to use Airbus Skywise data platform

China's largest low-cost carrier has signed an agreement with Airbus to use the Skywise Core platform in the airline's fleet. 

China unveils world's first technical standards on EV energy consumption

China has unveiled the world's first technical standards on the energy consumption of electric vehicles (EV).

EU pledges reaction if U.S. imposes import duties on European cars

The European Union (EU) said on Monday that it will have a "swift and adequate" reaction should the United States decide to impose import duties on European cars and auto parts on the grounds of national security threat.

China's auto sales continue downward trend in January

China's auto market remained sluggish in January, with sales down 15.8 percent year on year, data from the China Association of Automobile Manufacturers (CAAM) showed Monday.

China remains largest holder of U.S. Treasuries

After decreasing for six consecutive months, China's holdings of U.S. Treasuries slightly rebounded to 1.123 trillion U.S. dollars in December, according to data released Friday by the U.S. Department of the Treasury.

Li Ka-shing tops Forbes Hong Kong rich list for 21st year in a row

Business tycoon Li Ka-shing tops Forbes Hong Kong rich list for the 21st year in a row. Oyster sauce tycoon Lee Man Tat was a top performer in the rankings, climbing eight spots to third place.

Amazon's expansion plan in Virginia remains: official

As e-commerce giant Amazon on Thursday canceled its plan to build a corporate campus in New York City after mounting opposition, the U.S. state of Virginia said the company's expansion plans in Arlington County remain.

China's producer prices up 0.1 pct in January

China's producer price index, which measures costs for goods at the factory gate, edged up 0.1 percent year on year in January, the National Bureau of Statistics said Friday.

China's CPI up 1.7 pct in January

China's consumer price index (CPI), a main gauge of inflation, rose 1.7 percent year on year in January, the National Bureau of Statistics said Friday.

China suspends registration and approvals of direct selling

China has suspended the registration and approvals of direct selling and cracked down on irregularities in the health product market, the Ministry of Commerce (MOC) said Thursday.

China's Ant Financial acquires int'l payment firm WorldFirst

Ant Financia announced it has taken over UK-based international payments group WorldFirst, marking the most significant foreign fintech acquisition by the Chinese financial services company.

​China's foreign trade data come in much stronger than expected

China's foreign trade data for January was much stronger than expected, beating previous expectations and reversing the decline seen in December.

China reports January FDI rise

Foreign direct investment (FDI) into the Chinese mainland expanded 4.8 percent year on year to reach 84.18 billion yuan (about 12.41 billion U.S. dollars) in January, the Ministry of Commerce (MOC) announced Thursday.

GDP in Jiangsu grows as local industry rises up the global value chain

The Jiangsu government has released a review of its economic performance last year, which found that GDP has experienced healthy grow as local industry to be upgraded and move up the global value chain.

China's foreign trade up 8.7 pct in January

China's goods trade rose 8.7 percent year on year in January to 2.73 trillion yuan (395.98 billion U.S. dollars), customs data showed Thursday.

China's tourism revenue hits 5.97 tln yuan in 2018

China's tourism industry brought in 5.97 trillion yuan last year, up 10 percent year on year.

JD buys Beijing Jade Palace Hotel for 2.7 billion yuan

Chinese e-commerce giant JD has acquired Beijing Jade Palace Hotel for 2.7 billion yuan.

New round of China-U.S. trade talks starts in Beijing

China and the United States started a new round of high-level economic and trade consultations in Beijing on Thursday morning.

Former PBOC governor wins UK's 2019 Central Banking lifetime achievement award

Zhou Xiaochuan, former governor of the People's Bank of China, has won the UK's 2019 Central Banking award for his life achievements, according to the official website for Central Banking.

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