Tag Archives: commerce
China will further reduce excessive steel and coal production capacity and extend capacity cutting efforts to energy sectors this year, a senior official with the nation’s top economic planning body said on Monday.
Foreign direct investment to China will be further optimized and diversified in the long run as the country’s economy is transformed and upgraded, the top commerce official said on Tuesday.
China will draw a “red line” that forbids its 102 major State-owned enterprises from investing overseas in real estate, iron ore, petroleum and nonferrous metal, the country’s top State-owned assets regulator said on Wednesday.
A record 110 Chinese companies have squeezed onto the latest Fortune Global 500 list, 13 of which made their debut, including manufacturing powerhouse China Railway Rolling Stock Corp, e-commerce juggernaut JD.com, home appliance maker Midea and property developer Wanda.
China’s Belt and Road Initiative will not only boost economic development in its footprint but bring latest technologies to the world’s most remote areas, according to Stephen Ho, president and chair of the US Pacifi c Telecommunications Council.
“The Belt and Road is a metaphor for the new mode of trade and infrastructure network connecting Asia, Europe and Africa. The technology is brand new, but the idea of trade bond has been unchanged,” said Ho.
Trade prospects in China are set to remain favorable during the fourth quarter after exports fell less than expected in September, the General Administration of Customs said on Tuesday. Though imports continued to decline, economists said that the figures do not pose any threat of a hard landing for the economy. Exports shrank by 1.8 […]