Business
China's industrial profits rise 2.6 pct in July
The profits of China's major industrial firms rose 2.6 percent year on year in July, data from the National Bureau of Statistics (NBS) showed Tuesday.
China announces six new pilot free trade zones
China on Monday announced a master plan for six new pilot free trade zones (FTZs) in a strategic move to press ahead with reform and opening up in the new era.
Liu He: China welcomes global investment, including from the U.S.
Chinese Vice Premier Liu He has said that China welcomes companies from all over the world, including those from the U.S., to invest and operate in the country.
China's SOEs see solid profit growth in first seven months
Profits of Chinese state-owned enterprises (SOEs) grew steadily in the first seven months of 2019, official data showed Monday.
China to reform individual housing loan interest rate formation
China has decided to set its interest rates for commercial individual housing loans in a more market-based manner in its latest move to regulate the property market's growth.
U.S. Fed officials warn of downside risks from rising trade uncertainty
U.S. Federal Reserve officials have warned of downside risks to the U.S. economy from rising trade uncertainty, as monetary policy is not well suited to address adverse effects of trade disputes.
U.S. stocks open lower as China imposes additional tariffs
U.S. stocks opened lower on Friday after China announced that it will impose additional tariffs on U.S. imports worth about 75 billion U.S. dollars.
China to resume tariff hikes on U.S. auto imports from Dec. 15
China will resume imposing additional tariffs of 25 percent or 5 percent on American-made vehicles and auto parts starting from 12:01 p.m. Dec. 15, the Customs Tariff Commission of the State Council announced Friday.
China to impose additional tariffs on U.S. imports worth 75 bln USD
China will impose additional tariffs on U.S. imports worth about 75 billion U.S. dollars in response to the newly announced U.S. tariff hikes on Chinese goods, the Customs Tariff Commission of the State Council announced Friday.
Huawei unveils Ascend 910 AI chip and computing framework MindSpore
Huawei unveiled its new artificial intelligence (AI) Ascend 910 chip and new open-source AI computing framework MindSpore on Friday.
U.S. manufacturing sector contracts for first time in a decade: IHS Markit
U.S. manufacturing purchasing managers index (PMI) dropped to 49.9 in August, flashing a sign of contraction for the first time since September 2009, estimates released Thursday by IHS Markit showed.
China vows countermeasures if U.S. puts new tariffs on Chinese goods
China's Commerce Ministry said Thursday that the country would have to take countermeasures if the United States imposes new additional tariffs on Chinese goods.
Huawei peaks list of China's top 500 private firms
China on Thursday unveiled its latest rankings for 500 largest private enterprises, with tech giant Huawei atop the list amid sound development of the country's private business.
Trump's tariffs to cost average U.S. household 580 USD: report
Tariffs imposed by the Trump administration amid its ongoing trade disputes with countries around the world are expected to reduce the average U.S. household's income by 580 U.S. dollars by 2020.
China to further ease market access in pilot free trade zones
China's State Council decided Wednesday to further ease market access by promoting separation of permits from business licenses in pilot free trade zones (FTZ).
Japan's major telecom operators reverse ban on selling Huawei gear
Japan's three major telecommunication operators KDDI, Softbank, and DOCOMO have reversed their ban on sales of Huawei products.
China's robot market to top 8.6 bln USD in 2019: report
China's robot market is expected to reach 8.68 billion U.S. dollars this year, with an estimated average annual growth of 20.9 percent between 2014 and 2019, said a report by the Chinese Institute of Electronics.
China securities regulator issues fine to four rumormongers
China's securities regulator said four people have been fined for spreading rumors about the regulator's policies and tasks for this year.
Costco preparing to open its first store on the Chinese mainland
The world's second-largest retailer, Costco Wholesale, will open its first brick-and-Mortar store on the Chinese mainland in the Minhang District of Shanghai on August 27.
New Lingang area of Shanghai Free Trade Zone inaugurated
The new Lingang area of the Shanghai Free Trade Zone was inaugurated on Tuesday.