China is pressing foreign payment card companies to form local joint ventures (JVs) for onshore operations, a move that would counter a pledge on market access the Chinese government made to US President Donald Trump. The push to get foreign card issuers to enter into equity tie-ups with Chinese companies, instead of running fully owned […]
China’s Ministry of Commerce has asked the World Trade Organization (WTO) for consultations on a recent US move to impose antidumping duties on imports of Chinese aluminum foil. The ministry, which accused Washington of breaking world trade rules after the US on October 27 imposed duties of up to 162 percent on Chinese foil imports, […]
China Aviation Suppliers Holding Company (CASC) Thursday signed an agreement with Boeing for 300 aircraft, valued at more than 37 billion U.S. dollars at list prices. The agreement was part of the U.S. trade mission to China, according to Boeing. It includes both orders and commitments for 300 Boeing single-aisle and twin-aisle aircraft, made up […]
Peng Liyuan, wife of Chinese President Xi Jinping, and U.S. First Lady Melania Trump, pose for a group photo with students after watching their performances at Banchang Elementary School in Beijing, China (Xinhua/Yan Yan) In a high-spirited atmosphere, Peng and Trump joined the students in their English, astronomy and Peking Opera classes and watched their […]
China has sent a clear signal that it will put quality and efficiency of growth first as it enters a new development era. Since the reform and opening up, the Chinese economy has expanded much faster than the rest of the world, partly due to China’s three-step development strategy aiming to quadruple the 1980 gross […]
Artificial intelligence is now the buzzword not only in science, but in almost all walks of life. “To advance application of AI in real economy” has officially been written in a report delivered at the 19th Communist Party of China National Congress which ended on October 24. In fact, AI is taking up our daily […]
The Shanghai Gold exchange celebrated its 15th anniversary on Monday. The exchange started business on Oct. 30, 2002 and the last 15 years have been a journey of opening up of China’s gold market. In 2007, China became the world’s largest gold producer, replacing South Africa. According to China Gold Association, China produced 453 tonnes […]
China will become the leading destination for exports from Latin America and the Caribbean in 2017, with growth of 23 percent this year, according to a new report by the UN Economic Commission for Latin America and the Caribbean (ECLAC). ECLAC’s executive secretary, Alicia Barcena, unveiled the annual report on the region’s trade on Monday […]
An anti-dumping investigation into ethanolamine imported from the United States, Saudi Arabia, Malaysia, and Thailand has been started by the Chinese Ministry of Commerce. The ministry received a joint application demanding an inquiry from six domestic producers, who accused foreign manufacturers of dumping the products on the Chinese market, according to an official statement. The […]
China’s top legislature is considering to amend the country’s Criminal Law to include criminal penalties for disrespect to national anthem. A draft amendment was submitted for the lawmakers’ deliberation at the bi-monthly session of the National People’s Congress (NPC) Standing Committee. Violators in this regard may face punishments of up to three years of imprisonment, […]
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Boeing is going to partner with Chinese companies when they (...)