China should face a relatively favorable external economic environment next year, with global GDP growth, according to our (Oxford Economics) estimate, expected to increase to 3.2 percent in 2018. While global import growth is likely to slow next year, it should remain higher than in 2015-16, supporting export growth.
It is a pity that Australia's diplomacy is still based on ideology and focused on the US even after decades of cooperation and commercial exchanges with China. That Canberra is biased against Beijing was evident when reports by Fairfax Media and the Australian Broadcasting Corporation were used to whip up anti-China backlash in June, which, in a way, culminated on Tuesday with Australian Prime Minister Malcolm Turnbull explaining the need to ban foreign interference in domestic politics on "disturbing reports about Chinese influence".
The most consistent thing about US President Donald Trump is his inconsistency. With consistency, he has reneged on most campaign promises, with a few flagrant exceptions, such as withdrawing from the Paris climate change agreement, building up trade barriers, forcing American companies to divest internationally, and effectively seeking to isolate the United States from globalization. Not a good record for a country that has for years claimed to be the beacon of globalization, free trade and investment.
December is generally the month when people across the world review the passing year. In Japan, people choose buzzwords that best convey their feelings for the year.
China's imports jumped 20.9 percent year-on-year to 11.29 trillion yuan ($1.71 trillion) during the first 11 months of the year, on the back of strong domestic demand for commodities, electrical and mechanical products, the General Administration of Customs said on Friday.
China will push forward the special campaign on tackling risks in internet finance or the fintech sector, to launch a system focusing on financial conduct and prudential regulation, as well as build the market access mechanism, according to a central bank deputy governor.
Starbucks, the world's largest coffee chain, plans to further innovate its beverage and store designs as well as digital offerings to attract more diversified and technology-savvy customers in China after it opened its biggest cafe in the world in Shanghai on Wednesday.
Banking regulators in Xiamen, a port city in East China's Fujian province, have stepped up checks of consumer loans and personal business loans offered by commercial banks to prevent funds from flowing into the housing sector in violation of regulations.
Chinese companies' spending on cybersecurity is almost a quarter more than the global average, according to a survey by global consultancy firm PwC.
The financial arm of German auto company has laid the foundation for providing better services and supporting climbing sales, with a continually growing number of employees that always keep the customers in mind.
China's military voiced strong indignation on Thursday to the recent crash of an Indian unmanned aerial vehicle on the Chinese side of the border where there was a standoff between Chinese and Indian troops in the summer that lasted for more than two months. No further details have been given about the UAV or when it crashed, but as well as operating domestically developed drones, India agreed to buy state-of-the-art combat drones from Israel in the summer, having already deployed Israeli surveillance drones along the border.
China's central bank expressed confidence in the stability of the country's financial system on Thursday after an assessment report by the International Monetary Fund highlighted potential risks.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
