BUSINESS >> Economy

China leads emerging economies in latest global competitiveness ranking: WEF report

China is by far the best performer among the five BRICS economies in terms of competitiveness, said the World Economic Forum (WEF) Wednesday in the latest annual report assessing the productivity and long-term growth of 141 economies.
Source: Xinhua | 2019/10/9 13:53:27

US gaming firm Blizzard wins support from Chinese users after punishing esports player who supports HK riots

US gaming company Blizzard is winning more support than ever from Chinese players and netizens, after the firm announced its decision to punish an esports player who voiced support for the Hong Kong riots during a competition held by Blizzard.
Source: Global Times | 2019/10/9 12:36:22

New IMF chief says trade tensions could cut global GDP by 700 bln USD

Trade disputes are taking a toll on global economy, substantially weakening manufacturing activity and investment and holding back economic potential, Kristalina Georgieva, the new chief of the International Monetary Fund (IMF), said on Tuesday.
Source: Xinhua | 2019/10/9 11:15:11

China firmly opposes US inclusion of 28 Chinese entities in 'Entity List': MOC spokesperson

The Ministry of Commerce (MOC) on Tuesday said China firmly opposes the United States adding 28 Chinese entities to its "Entity List" and urges the US side to remove them from the list as soon as possible.
Source: Xinhua | 2019/10/9 7:28:06

US experts identify main drivers behind China's historic transformation

How did the People's Republic of China (PRC) transform itself from an impoverished country on the brink of economic collapse into the world's second largest economy in merely seven decades?
Source: Xinhua-Global Times | 2019/10/9 1:07:21

China opposes US blacklist

A US decision to blacklist 28 Chinese entities, which was announced shortly before high-level Chinese and American officials meet in Washington for a new round of trade talks, is typical of the Trump administration's trade talk tactics and showed the US was seeking to benefit by further pressuring China, Chinese experts warned on Tuesday.
Source: Global Times | 2019/10/8 23:53:40

Beijing to tackle statistical data fraud with new technologies

Beijing is introducing state-of-the-art technologies and new means of governance to ensure the authenticity, accuracy and timeliness of statistical data, a key measure of national economic growth.
Source: Global Times | 2019/10/8 22:23:40

HKEX drops offer for London Stock Exchange

Hong Kong Exchanges and Clearing (HKEX) confirmed on Tuesday that it would not proceed with its offer for the London Stock Exchange Group (LSEG), though it still believes that the combination of the two exchanges is "strategically compelling" and "would create a world-leading market infrastructure group."
Source: Global Times | 2019/10/8 22:13:41

China, US set for new talks amid tariff uncertainty

Vice Premier Liu He will lead a Chinese delegation of senior officials from various ministries, including the nation's top economic planner, agricultural ministry and communications department, to Washington for a new round of high-level trade consultations at the invitation of the US side.
Source: Global Times | 2019/10/8 22:08:40

菲律宾申博开户Caixin PMI for services misses expectation despite rising new orders

The Caixin purchasing managers' index (PMI) for the services sector in September indicates that China's services growth dropped to its lowest point in September despite a rise in new orders, while the composite PMI - which monitors activity in both services and manufacturing sectors - showed slight improvement, according to experts.
Source: Global Times | 2019/10/8 20:54:29

菲律宾申博开户'Submarine' tunnel

Cars pass through the Baimashan vehicular tunnel in Ji'nan, East China's Shandong Province on Tuesday.
Source: Global Times | 2019/10/8 20:33:40

菲律宾申博开户Nation's prospering elderly care industry boosts 'silver economy'

Traveling has become an indispensable part of life for Zhang Xuemin, a 66-year-old retiree. Having already made two trips this year - one to the island of Taiwan and the other to Shanxi, he is now planning another tour.
Source: Global Times - Xinhua | 2019/10/8 19:48:50

China's LPI rises in September after four months of decrease

The logistics prosperity index (LPI) in September rose for the first time in four months, reaching its highest point in the year, indicating robust business activities and increasing demands in the logistics industry, according to an industry report released on Tuesday.
Source: Global Times | 2019/10/8 16:55:49

Mainland banks condemn HK rioters' damage of ATMs, facilities

Mainland banks and associations in Hong Kong have strongly condemned the protesters who set fire to and vandalized several bank branches amid rampages over the weekend, reiterating that they have significantly contributed to the city's status as a global financial hub.
Source: Global Times | 2019/10/8 16:40:46

GE remains committed to Chinese market, says senior executive

The US-based International conglomerate General Electric Company (GE) would continue to invest and grasp opportunities in China, according to Rachel Duan, a high-ranking GE executive.
Source: Xinhua | 2019/10/8 15:41:09

China's services activities grew at lowest rate in seven months: Caixin PMI

The Caixin purchasing managers' index (PMI) for the services sector indicates that China's services growth dropped to its lowest point in September despite growing numbers of new business orders, while composite PMI monitoring business activities in both the services and manufacturing sectors witnessed a slight increase, according to the private survey released on Tuesday.
Source: Global Times | 2019/10/8 14:37:10

Chinese firms oppose latest US decision to bar 28 entities

Chinese companies on Tuesday expressed strong opposition toward a new US decision to place Chinese entities on a blacklist, saying such a move “lacks factual basis” and will eventually bring a negative impact to the US economy.
Source: Global Times | 2019/10/8 14:00:17

菲律宾申博开户Number of tourists to Hong Kong plunges 50% during National Day holidays

Hong Kong's tourism sector suffered a significant downturn during the National Day holidays, with the number of tourists to the semi-autonomous city dropping roughly 50 percent in the first six days of the seven-day holiday, Hong Kong Chief Executive Carrie Lam said on Tuesday.
Source: Global Times | 2019/10/8 12:36:52

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