Business

U.S. Fed survey shows tariff concerns cloud economic outlook

U.S. economic outlook remained positive, while tariff concerns are casting cloud over the outlook, a report released by the Federal Reserve showed on Wednesday.

Chinese producers deny dumping e-bikes to EU

​Chinese electric bike producers in Brussels on Wednesday fought against a European Union trade investigation, calling on the EU not to penalise consumers.

China reports steady growth in fiscal revenue

China posted stable growth in its fiscal revenue in the first quarter of 2018, official data showed, adding to evidence of a solid economy.

Zuckerberg asked to face European Parliament over Facebook data scandal

Facebook CEO Mark Zuckerberg has been asked to appear at the European Parliament to answer questions on the scandal over the misuse of personal Facebook user data by Cambridge Analytica.

China's top economic planner to lift restrictions on foreign investment

China's top economic planner is promising to ease more restrictions on foreign investment in key areas.

China's housing prices continue to stabilize

Housing prices remained largely stable in major Chinese cities in March amid the government's tough purchase restrictions, official data showed Wednesday.

Glass generating electricity put into mass production

A form of glass which generates electricity has put into mass production in Sichuan's capital, Chengdu after 8 years of research and development.

Chinese bikes spreading in UK despite vandalism

A Chinese company offering bicycle sharing services in a number of British cities has made changes in response to vandalism.

Chinese archaeologists begin first deep sea mission

Chinese archaeologists Wednesday set sail from Sanya in south China's Hainan Province

Sino-US trade friction's impact on Chinese economy limited, controllable

Trade frictions with the United States have a limited and controllable impact on the Chinese economy, an official from China's top economic planner said Wednesday.

Alibaba confirmed as developing self-driving vehicles

Chinese e-commerce giant Alibaba Group has confirmed that it has been working on autonomous driving technology, China Daily reported Wednesday.

Australian foreign minister criticizes US unilateralism, trade protectionism

Australian foreign minister Julie Bishop has criticized recent moves in the United States to unilaterally raise tariffs and quotas against some of its trading partners.

U.S. decision on ZTE stokes up trade tensions with China

The U.S. Department of Commerce announced a market-shaking decision on Monday to deny export privileges against ZTE, stoking up the tension of trade relations between the two countries.

Starbucks to close all U.S. stores on May 29 for racial-bias training

Starbucks announced Tuesday that it will close all its company-owned stores in the United States for the afternoon on May 29 to train employees how to prevent racial discrimination in their stores.

California almond growers fear losing exports to China amid trade tensions

California almond growers said they were worried over losing exports to its 3rd largest export destination amid rising U.S.-China trade tensions, according to a statement of Almond Board of California.

China's fund industry to grow fivefold by 2025: UBS

UBS is forecasting that China's mutual fund assets will multiply fivefold to reach 7.5 trillion US dollars by 2025.

China to phase out automobile share-holding limits for foreign investors

​China will phase out share-holding limits for foreign investors in the automobile sector, the country's top economic planner said Tuesday.

Huawei 5G obtains world's 1st "EU passport"

Huawei has announced its earned the world's first CE type examination certificate (TEC) for its 5G NR products.

Sino-US trade frictions cannot hinder Chinese economy: official

​Trade frictions between China and the United States cannot hinder a stable and resilient Chinese economy, an official from the National Bureau of Statistics (NBS) said Tuesday.

Hainan curbs housing speculation amid free trade zone pilot

China's island province Hainan on Monday announced measures to rein in speculation in the soaring residential property market, following a new policy which designates the province as the country's new frontier for reform and opening-up.

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