Business

U.S-China trade frictions likely to undermine bilateral ties, says Chinese envoy

A possible U.S.-China trade war could harm China's interests and undermine Chinese-American relations, particularly China's economic and trade cooperation with the U.S. west coastal state of Oregon, Chinese Consul General in San Francisco Luo Linquan said Wednesday.

Didi, Meituan and Ele.me accused of unfair competition

Authorities in Wuxi, Jiangsu Province, are demanding Didi Chuxing, Meituan Dianping and Ele.me stop their alleged illegal activities in food-delivering competition, reports Chinanews.com.

China to boost daily quotas for stock connect mechanism

Starting from May 1, China will further expand daily quotas for its Shanghai-Hong Kong stock connect and Shenzhen-Hong Kong stock connect in the latest move for wider market opening-up, the CSRC said Wednesday.

China not to devaluate RMB to cope with trade tension with US

China will not devaluate its currency to cope with trade tension with the United States, China's central bank governor Yi Gang said on Wednesday.

China sees growing number of IPR cases and higher fines for offenders

Intellectual property lawyers at a leading Chinese firm have said that the treatment of Intellectual Property Rights (IPR) cases between foreign and local companies in China increasingly mirrors global practices.

China's PPI up 3.1 pct, CPI 2.1% in March

​China's producer price index (PPI), which measures costs for goods at the factory gate, rose 3.1 percent year on year in March, the National Bureau of Statistics (NBS) said Wednesday.

U.S. tariffs move violates WTO's principles, harms U.S. economy itself

As U.S. President Donald Trump initiated the tariffs offensive on steel and aluminum in March and planned more on its imports from China, experts and officials have noted that the U.S. move is in violation of the World Trade Organization (WTO)'s principles and would harmed U.S. economy itself.

Trade war is like treating flu with chemotherapies: Alibaba's Jack Ma

It's normal for the world's two biggest economies to have problems with trade, but tackling them with a trade war is just like treating a flu with chemotherapies, said Alibaba's Jack Ma.

China's fiscal revenue growth stable in Q1

China's fiscal revenue rose 13.6 percent year on year in the first quarter of 2018, the Ministry of Finance (MOF) said in a statement Monday.

Alipay fined $29,000 by PBoC for irregularities

Online payment giant Alipay has been fined 180,000 yuan (29,000 US dollars) by the People's Bank of China for regulatory violations, reports huanqiu.com.

Major emerging economies maintain upward growth momentum: report

Major emerging economies maintained an upward momentum in 2017 due to a drastic rise in external demand and stable domestic consumption demand, said a Boao Forum for Asia (BFA) report Sunday.

Protectionism cannot secure growth impetus: report

Trade protectionism cannot secure an everlasting impetus for economic growth, but instead imposes restrictions on the sustainability of economic development, according to a report released by the Boao Forum for Asia (BFA) Sunday.

Experts slam U.S. tariffs threats as destabilizing, counter-productive

Recent U.S. threats to slap additional tariffs on Chinese imports were met with a chorus of criticism in Boston, the United States, Saturday, with leading experts emphasizing that no winner can emerge from a trade war.

Oregon grass seed growers keep close watch on U.S.-China trade friction

Grass seed growers in the U.S. west state of Oregon are keeping close watch on the ongoing U.S.-China trade skirmishes, which they fear would impact their exports to the Asian economic powerhouse, an Oregon daily said Saturday.

Chinese tech giants gear up to return homeland stock market via CDRs

Overseas-listed Chinese tech giants are said to be among the first planning for a listing in China via the new China Depositary Receipts program.

2 mln US jobs could be affected by China's tariffs lists: Study

A study by Washington-based think tank, Brookings, is warning that some 2 millions US jobs could be affected if the US side goes through with its tariff threats.

ChemChina's purchase of Syngenta a win-win

ChemChina's purchase of Syngenta not only helps facilitate the Swiss company's operation in China, but also adds wings to its further development worldwide.

Tariffs don't work: U.S. retailers tell Trump

U.S. retailers on Friday urged President Donald Trump to reign in his threat to slap tariffs on an additional $100 billion of Chinese goods, warning that a trade war would be disastrous for the U.S. economy, including consumers.
 

U.S. stocks dive amid trade tensions

U.S. stocks fell sharply on Friday as escalating trade tensions between China and the United States weighed on the Wall Street.

China-made electric buses on trial in Europe

This month Europe's largest intercity bus operator, FlixBus, launched a trial of the continent's first bus route that uses only electric buses, reports Chinanews.com. 

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