Tag: #Economy

Freight rate of American routes rises with more orders from US

GT staff reporters September 30, 2020

Freight rate of American routes rises with more orders from US

On Saturday morning, lines of container lorries were waiting to discharge cargo at the Shanghai International Port (Group) Co (SIPG), while there were also many empty trucks and ships ready to load goods. Transport vehicles were moving around frequently, and about three or four cargo ships of super-large...More

While Trump calls for ‘decoupling’ with China, businesses head in other direction

Chen Qingqing, Wang Bozun in Dongguan and Xie Jun in Yiwu September 23, 2020

While Trump calls for ‘decoupling’ with China, businesses head in other direction

With China's irreplaceable industry chains and unshakeable US demand, decoupling from China is just political talk by US President Donald Trump, which is not a workable plan, business representatives from China's manufacturing sector in South China's Guangdong told the Global Times. US companies still see China, especially the...More

Aussie farmers could be sacrificed under US coercion

Yu Lei September 10, 2020

Aussie farmers could be sacrificed under US coercion

After months of reckless attempts to smear China amid the deadly COVID-19 pandemic, Australia witnessed its first recession in nearly 30 years. Its farm sector, with a large population, has seen confidence continue to slide as the pandemic spreads and international market concerns grow. The mounting discontent among...More

Private satellite firm building factory in China

Zhang Hongpei September 05, 2020

Private satellite firm building factory in China

Commsat, a Chinese commercial space start-up, announced Tuesday that it has started to build a satellite factory in China with annual production of more than 100 satellites, which will weigh more than 100 kilograms each. The program, in Tangshan, North China's Hebei Province, marks the first major project in the...More

Record GDP slump ‘ominous’ sign for India, worst may lie ahead: Experts

Wang Cong September 03, 2020

Record GDP slump ‘ominous’ sign for India, worst may lie ahead: Experts

Indian officials and media outlets have been hyping up tensions with China both on the border and in trade and investment, but the latest official data might have revealed a deeper problem for the populous country and its Prime Minister Narendra Modi: its virus-stricken economy. Data from the...More

Shenzhen thrives amid US tech war

Chen Qingqing and Li Xuanmin in Shenzhen August 27, 2020

Shenzhen thrives amid US tech war

Late Monday night, almost all the interior lights were on at a 50-story skyscraper in the Nanshan district of Shenzhen, South China's Guangdong Province. The headquarters of Chinese tech giant Tencent Holdings, has become a vivid display of how the city can grow into a new Silicon Valley...More

Tibetan livelihood better off relocated from barren land with help of the government

Xie Wenting August 23, 2020

Tibetan livelihood better off relocated from barren land with help of the government

Jiaqu could barely speak any Putonghua, the standard Chinese national language, but he was eager to share with the Global Times reporter his excitement and gratitude for moving to his current home. "I never dreamed that I would one day live in such a nice home," Jiaqu said...More

Chinese consumers show less trust, favor toward US products: Survey

GT Staff Reporters August 03, 2020

Chinese consumers show less trust, favor toward US products: Survey

The US has become the country where Chinese consumers' preference for its products and brands has dropped the most amid the rising tensions between the world's two largest economies, a Global Times survey showed Tuesday. Based on online questionnaires of 1,800 respondents from July 17-24, the survey showed...More

China’s SMEs recovering: Survey

GT Staff Reporters July 29, 2020

China’s SMEs recovering: Survey

China's small and medium-sized enterprises (SMEs) are bouncing back from the coronavirus, according to a survey Standard Chartered sent to the Global Times on Tuesday. The survey of hundreds of SMEs across China suggests that SMEs' business activity continued to improve in July despite severe flooding in central...More

President Xi: Stimulating market entities

GT staff reporters July 28, 2020

President Xi: Stimulating market entities

Chinese President Xi Jinping chaired a meeting with entrepreneurs in the country on Tuesday, urging efforts to stimulate the vitality of market entities, promoting entrepreneurship, and of "doing everything possible" to protect market players under unprecedented pressure caused by the pandemic. According to a report from CCTV, Xi...More

US should not ‘commit suicide’ by pushing decoupling with China

GT staff Reporters June 17, 2020

US should not ‘commit suicide’ by pushing decoupling with China

A looming steep US recession is sending a warning to Washington to rekindle its relations with Beijing and avoid "committing suicide" by pushing a decoupling between the world's two largest economies, experts said. Amid the coronavirus outbreak and raging protests, the world's largest economy is in earnest need...More

High-quality transformation in China’s economy attracts international interest

Huang Ge June 08, 2020

High-quality transformation in China’s economy attracts international interest

Chinese and foreign firms are showing increasing enthusiasm toward China's new infrastructure plan as it accelerates the move toward new emphases and is expected to bring new drivers for the economy and help hedge against the fallout of the coronavirus outbreak. Chinese tech giant Tencent recently announced it...More

Covid-19 and Upcoming Fiscal Budget of Nepal

Nabin Khanal May 25, 2020

Covid-19 and Upcoming Fiscal Budget of Nepal

The budget session of the Federal Parliament of Nepal for the upcoming budget for the fiscal year 2077-78 is summoned. It is necessary to discuss the principles of budgets in the parliament as per the constitutional and legal provisions. Expectations are higher as the is government planning to...More

How should China deal with regional challenges toward its rise?

Left Review Online May 24, 2020

How should China deal with regional challenges toward its rise?

Editor's Note: As East Asia's largest economy, China encounters economic competition from regional powers such as Japan and India. It also faces US hegemonic aggression. These pressures lead to profound questions. How can China balance them to continue its rise? Is Japan or India a bigger threat in the...More

China achieves all 2019 quantitative targets, but tough tasks lie ahead

Ma Jingjing May 24, 2020

China achieves all 2019 quantitative targets, but tough tasks lie ahead

As China's annual "two sessions" will kick off on Thursday, the State Council, the country's cabinet, revealed on Tuesday that all the 38 quantitative targets listed in the 2019 government work report have been achieved. For major economic goals, last year's government work report set a GDP growth...More