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BUSINESS >> Economy

US daydreaming in ordering its firms out of China

It's ironic that large US companies are either stressing their determination to take root in the opportunity-rich Chinese market, increase investment, or pluck up the courage to enter China for the first time, at a time when the US president is ordering them to give up a market that is cherished by international companies for its huge growth potential.
Source: Global Times | 2019/8/25 21:43:40

Efforts needed to keep employment growing amid challenges from technology, discrimination

Solid progress has been made in China in recent years to increase and stabilize employment, but pressure persists with an imbalanced regional employment situation, discrimination and challenges from new technologies such as artificial intelligence (AI), a report showed.
Source: Global Times | 2019/8/25 20:53:39

Hong Kong catering sector badly hit by violent protests

The ongoing protests in Hong Kong have taken their toll on the city's catering industry, a local survey showed, and people in the sector said they have already felt the chill.
Source: Global Times | 2019/8/25 20:48:40

Death of climate-denying magnate, Amazon fires could push greener business

There's a miserable symbolism to billionaire climate change-skeptic David Koch dying as a record number of fires rage through the Amazon rainforest. He, along with his brother Charles, ran fossil-fuel conglomerate Koch Industries. They spent $127 million over the past two decades or so funding anti-global warming causes, according to Greenpeace research. But governments, companies and investors have already consigned to the scrap heap his belief that free markets cure all ills.
Source: Global Times | 2019/8/25 19:08:39

BRI offers better path for Pacific than Australian way

It became evident from the huge media buzz coming out of the Pacific Islands Forum, which brought together 18 states in Tuvalu from August 13-16, that two models of development – the Belt and Road Initiative (BRI), and the Australia's “step-up” strategy – were being looked at very seriously.
Source: Global Times | 2019/8/25 18:58:39

Hunchun international port inaugurated, 1 billion yuan investment to build logistics center in Northeast Asia

Hunchun international port in Hunchun, a border city in Northeast China's Jilin Province, was inaugurated on Saturday. The 1 billion yuan ($141 million) project aims to build an international logistics center in Northeast Asia.
Source: Global Times | 2019/8/25 17:18:50

Tough job ahead for China's employment market despite stable overall situation: report

China has made solid progress in increasing and stabilizing employment in recent years, while pressure still exists with an imbalanced regional employment situation, discrimination in the job market and challenges from new technologies such as Artificial Intelligence (AI), a recent report showed.
Source: Global Times | 2019/8/25 15:53:27

US 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.
Source: Xinhua | 2019/8/25 15:01:21

Trade deals and reform of WTO are better than trade wars -- EU's Tusk

Trade deals and the reform of WTO are better than trade wars. Trade wars will lead to recession, while trade deals will boost economy, said Donald Tusk, president of the European Council, on Saturday. He called for putting a stop to trade wars.
Source: Xinhua | 2019/8/25 8:47:38

China firmly opposes US tariff hikes on Chinese imports

China is firmly opposed to the US announcement that it will further raise the tariffs on about 550 billion US dollars of Chinese imports, said a spokesperson of the Ministry of Commerce (MOC) Saturday.
Source: Xinhua | 2019/8/25 7:46:35

US new tariff threat a feeble move, shows options running out: analysts

The reckless tariff plans of the US come after China's forced countermeasure tariffs on Friday show that the US has gone too far and run out of options to save itself from the awkward situation of provoking a trade war, analysts said Saturday.
Source: Global Times | 2019/8/24 15:34:04

US trade groups urge resolution of dispute with China as bilateral tariffs escalate

US trade groups on Friday urged a resolution of the US-initiated trade dispute with China, as Beijing announced the imposition of additional levies on US goods and Washington vowed to further raise tariffs in response.
Source: Xinhua | 2019/8/24 14:48:17

Hard Brexit threatens prosperity levels in European member states: Ifo

A hard Brexit would negatively affect prosperity levels among member states of the European Union (EU), a study published by the German Institute for Economic Research (Ifo) on Friday showed.
Source: Xinhua | 2019/8/24 9:47:49

Chinese state firms post steady profit growth

Profits of Chinese state-owned enterprises (SOEs) grew steadily in the first seven months of the year, official data showed Friday.
Source: Xinhua | 2019/8/24 9:39:01

Chinese enterprises urged to invest in NW Zambia

Chinese enterprises are among international investors that have been urged to take advantage of the North West Expo 2019 to invest in various economic ventures in north-western Zambia.
Source: Xinhua | 2019/8/24 9:33:15

Fed's Powell says fitting trade uncertainty into policy decision-making "a new challenge"

US Federal Reserve Chairman Jerome Powell said Friday it is "a new challenge" for the US central bank to fit trade uncertainty into its policy decision-making framework.
Source: Xinhua | 2019/8/24 8:46:32

China hits back with new tariffs

China on Friday struck back at the US with additional tariffs on hundreds of billions of dollars in US products in a tit-for-tat response to planned US tariffs on Chinese products, and slammed the US for further escalating trade tensions and hurting the interests of both countries as well as the world.
Source: Global Times | 2019/8/23 23:08:40

China releases guidelines to boost consumption as downward pressure lingers

China on Friday released a slew of measures to boost consumption in the cultural and tourism sectors, vowing to carry out reforms and use new technologies such as the 5G network to improve services, as the country's economy faces persistent downward pressure.
Source: Global Times | 2019/8/23 19:49:23

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