Business

China seeks WTO dispute settlement over US safeguard measures, subsidies

China on Tuesday launched the WTO dispute settlement procedure over U.S. safeguard measures on imported photovoltaic products and subsidies for its renewable energy products.

Chinese electric car start-up joins NYSE

​Chinese electric car start-up NIO has submitted an IPO to the U.S. Securities and Exchange Commission, hoping to raise 1.8 billion US dollars on the New York Stock Exchange. 
 

China accelerates special-purpose bond issuance to stabilize investment

China's Ministry of Finance unveiled a guideline to accelerate the issuance of special-purpose bonds by local governments to stabilize investment, expand domestic demand, and strengthen areas of weakness.

China secures soybean supply with opening up policy

​Vice Minister of China's Ministry of Agriculture and Rural Affairs Han Jun said the tariffs would have little impact on China as compared to the US.

China's BYD wins more bids to supply electric vehicles to U.S.

Chinese electric automaker BYD has won the bids to supply vehicles to the U.S. state of Georgia and Atlanta city, the company said in a statement released on Monday.

China's retail sales up 8.8 pct, industrial output up 6 pct in July

Consumer goods sales in China increased 8.8 percent year on year in July and the country's industrial output expanded 6 percent year on year this month.

U.S. should treat Chinese investors objectively, fairly: MOC

China hopes the United States will treat Chinese investors objectively and fairly, China's Ministry of Commerce (MOC) said Tuesday, as it plans to closely monitor the impact of a U.S. foreign investment act on Chinese companies.

Apple postpones FaceTime group chats feature from iOS 12

Apple on Monday removed the long-anticipated Group FaceTime feature from the first public version of iOS 12 and macOS Mojave betas, which were released earlier in the day.

China's new yuan loans rise in July

China's new yuan-denominated loans stood at 1.45 trillion yuan (211 billion U.S. dollars) in July, up 627.8 billion yuan year on year, central bank data showed Monday.

US tariffs sting California wildfire victims

The tariffs imposed by the US will add to the cost of rebuilding houses for the victims of the California wildfire. The tariffs will raise the price of key imported construction materials, such as lumber, drywall and nails. 

Nobel laureates favor free trade and collaboration

Several Nobel Prize laureates in economics and basic sciences gathered in Beijing to share their views on escalating trade tensions and scientific and technological improvement.

China's fiscal revenue up 6.1 pct in July

China's fiscal revenue rose 6.1 percent year on year to 1.75 trillion yuan (255 billion U.S. dollars) in July, official data showed Monday. 

Didi Chuxing promises severe punishments for drivers using plug-ins

Chinese ride-hailing giant Didi Chuxing has promised to seriously deal with the drivers on its platform for using plug-ins to overcharge the passengers, reports Chinese Business View.

China Post builds air corridors for Belt and Road Initiative

Friday has marked the first anniversary of the opening of the first direct Chinese air-postal route linking the eastern province of Zhejiang with Russia. The logistics link is one of many connections which have been created among China and countries along the Belt and Road.

40 pct of young Chinese entrepreneurs are female: report

About 40 percent of young Chinese entrepreneurs are female, according to a report released recently.

Chinese firms see more revenue from projects along Belt and Road

The combined revenue of Chinese companies from contracted engineering projects in countries along the Belt and Road (B&R) rose 17.8 percent in the first half of 2018, data from the Ministry of Commerce showed.

China reports drop in "rat trading" as supervision toughens

China saw a significant drop in misconduct cases of "rat trading" as the securities watchdog stepped up efforts to crack down on market violations.

IMF: Tariffs will have little effect on trade imbalances

The (IMF warned the US that its tariffs are undermining the global trading system. The IMF said Washington's duties would force other countries to retaliate, and they would ultimately damage the US economy.

Chinese online grocer raises 500 mln USD from Walmart, JD

Chinese online grocery and delivery company Dada-JD Daojia has raised 500 million U.S. dollars from U.S. retailer Walmart Inc and Chinese e-commerce firm JD.

US firms reassessing investment plans due to tariff concerns: study

A fifth of US companies are reassessing or postponing existing investment plans due to tariff concerns, according to a study by the Federal Reserve Bank of Atlanta.

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