Business

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.

U.S. suspends plans to hike tariffs on Chinese imports

The Trump administration is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products.

China, U.S. achieve substantial progress in new round of trade talks

China and the United States achieved substantial progress in multiple areas after holding a new round of high-level economic and trade consultations on Thursday and Friday in Washington.

China announces timetable to lift foreign ownership limits on financial firms

China has set a clear timetable for allowing full foreign ownership of financial service companies, the country's securities regulator announced Friday.

Trump to meet China's top trade negotiator during trade talks

U.S. President Donald Trump is expected to meet Chinese Vice-Premier Liu He at the White House on Friday on the sidelines of the new round of China-U.S. high-level economic and trade consultations.

China, U.S. start new round of trade talks in Washington

China and the United States kicked off in Washington on Thursday a new round of high-level consultations to address their differences on outstanding economic and trade issues.

China-Europe freight train adds new route to Belgium

The eastern Chinese city of Yiwu, home to the world's leading small commodities market, opened a new freight train route to Belgium's Liege on Wednesday.

Services most dynamic component of int'l trade: WTO report

Services have become the most dynamic component of international trade and will continue to expand in the coming decades, if international cooperation is enhanced to support this expansion, according to a WTO report.

China opposes U.S. inclusion of 28 Chinese entities in "Entity List"

The Ministry of Commerce (MOC) on Tuesday said China firmly opposes the United States adding 28 Chinese entities to its "Entity List" and urges the U.S. side to remove them from the list as soon as possible.

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