Business

U.S. tariffs on EU products over aircraft subsidy dispute take effect

​Additional U.S. tariffs on a wide range of goods from the European Union (EU) after World Trade Organization (WTO) ruling on aircraft subsidies took effect on Friday, a move likely to fuel trade tensions between the two sides.

China's industrial output up 5.6 pct in first three quarters

China's value-added industrial output, an important economic indicator, expanded 5.6 percent year on year in the first three quarters, the National Bureau of Statistics (NBS) said Friday.

China's GDP grows 6.2 pct in first three quarters

China's gross domestic product (GDP) expanded 6.2 percent year-on-year in the first three quarters of 2019 to about 69.78 trillion yuan (about 9.87 trillion U.S. dollars).

Premier Li calls for healthy and stable China-U.S. relations

The healthy and stable bilateral relations between China and the U.S. are beneficial to both sides as well as the world, Chinese Premier Li Keqiang said while meeting with a U.S. business delegation on Thursday.

China's FDI inflow rises 6.5 pct in Jan.-Sept.

Foreign direct investment (FDI) into the Chinese mainland expanded 6.5 percent year on year to 683.21 billion yuan in the first three quarters of the year, an official with the Ministry of Commerce (MOC) said Thursday.

China's outbound investment up 3.8 pct in first three quarters

China's non-financial outbound direct investment (ODI) posted steady growth in the first three quarters of the year, data showed Wednesday.

Jack Ma given Lifetime Achievement Award by Forbes

Jack Ma, the founder of China's e-commerce giant Alibaba, received a Malcolm S. Forbes Lifetime Achievement Award on Tuesday in Singapore.

Twitter says world leaders 'not above' its rules

Twitter said Tuesday world leaders are "not above" the rules of the online platform and could see their messages removed or demoted for egregious conduct violating its terms of service.

Premier Li urges efforts to promote stable economic growth

Chinese Premier Li Keqiang has stressed deepening reform and opening-up to facilitate steady economic growth and improve people's livelihood continuously.

China, Singapore agree to enhance BRI, trade cooperation

China and Singapore on Tuesday announced that the upgraded version of the China-Singapore Free Trade Agreement will take effect on Oct. 16.

IMF lowers 2019 global growth forecast to 3 pct

The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3 percent in the newly-released World Economic Outlook report, down 0.2 percentage point from its estimation in July.

China to speed up purchasing U.S. agricultural products

A Foreign Ministry spokesperson confirmed Tuesday that China has already begun buying U.S. agricultural goods and will speed up purchases.

China's new yuan loans pick up

China's new yuan-denominated loans reached 1.69 trillion yuan (about 238.82 billion U.S. dollars) in September, a year-on-year increase of 306.9 billion yuan, central bank data showed Tuesday.

China further opens up insurance, banking sectors to foreign investors

China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations.

China's CPI up 3 pct in September

China's consumer price index (CPI), a main gauge of inflation, rose 3 percent year on year in September, the National Bureau of Statistics said Tuesday.

China to pay more for outbound small packets in next 5 years

From 2020 to 2025, China's outbound small packets will see their postal remuneration rates rise by 164 percent compared with 2019, according to the country's postal service regulator.

China's producer prices down 1.2 pct in September

China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.2 percent year on year in September, the National Bureau of Statistics (NBS) said Tuesday.

Premier Li calls for fulfilling major economic targets

Chinese Premier Li Keqiang on Monday called for more efforts to ensure the fulfillment of major targets and tasks for economic and social development.

China's foreign trade up 2.8 pct in first three quarters

China's foreign trade maintained stable growth in the first three quarters of this year by expanding 2.8 percent year on year, the General Administration of Customs (GAC) said Monday.

Trump meets Chinese vice premier after trade talks

U.S. President Donald Trump met with Chinese Vice Premier Liu He on Friday afternoon, after the conclusion of the latest round of high-level economic and trade consultations between China and the US.

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