Sri Lanka on Monday defended a proposed Free Trade Agreement with China and insisted that it will not have a negative impact on local industries.
China aims to make breakthroughs in high value-added products like the next-generation numerical control machines, large passenger jets, sensors and industrial software, to improve its capability in key manufacturing technologies so as to compete with established global rivals, said senior officials on Friday.
President says SOEs should be innovative
As many Chinese companies tackle excess capacity, one high-tech company in the southwestern city of Chongqing is facing the opposite problem.
China's Shanghai Composite Index has struggled around 2,800 points for the past two weeks, and a look beneath the surface at companies' performance sheets reveals the by-product of an uneven landscape.
Employees in the finance sector earned more money than those in other industries in 2015, according to the data released Friday by the National Bureau of Statistics (NBS).
The L-shaped economic trend in China will last for a certain period and will not end in just one or two years, indicated by an “authoritative figure” in an interview of the People’s Daily in May.
As overproducing and unprofitable businesses in the ship building, mining, steel and cement industries are forced to close or downsize, employees come to terms with the change and look toward the future. Xinhua News Agency and Du Juan report.
Redundancies are inherently painful for those losing their jobs, their families and society at large, but for industries weighed down by overcapacity, it is a transition that could not happen soon enough.
The performances of Chinese enterprises will diverge this year, depending on whether they are in traditional or emerging industries, according to a new report.
The greatest credit risk that Chinese banks faced in 2015 was related to the loans to industries mired in overcapacity, according to a survey released on Sunday.
Syria's President Bashar al-Assad cemented his return to the Arab League (AL) Tuesday when leading Middle Eastern power Saudi Arabia, which long supported Syria's oppos
China and Australian have agreed to resume high-level economic and trade dialogue mechanisms, including a free trade agreement joint committee.According to a press stat
The United Nations will stay in Afghanistan to deliver aid to millions of desperate Afghans despite the Taliban's restrictions on its female staff, but funding is dryin
The United Nations World Tourism Organization (UNWTO) announced in a recent report that global tourism, in terms of tourist arrival numbers, has rebounded to 80 percent
Ya Ya, a female giant panda who has been at the Memphis Zoo for 20 years, left the the U.S. state of Tennessee on April 26 local time and will arrive Shanghai, China on
China's foreign exchange reserves continued to rise in April, official data showed on Sunday, as the dollar fell against other major currencies.China's foreign exchange
China and Myanmar agreed on Tuesday to further promote comprehensive strategic cooperation between the two countries.At a meeting with Myanmar leader Min Aung Hlaing in
Finance leaders of the Group of Seven (G7) nations warn about the U.S. debt crisis and urge caution amid mounting global economic uncertainty in a three-day meeting end
President Tayyip Erdogan led in the first round of Türkiye's most pivotal election in decades on Monday, but failed to secure the 50 percent threshold needed to avoid a
A senior Chinese diplomat on Wednesday called for efforts to strive for a comprehensive cease-fire so as to create a favorable environment for the political process in
Thai voters began heading to the polling stations on Sunday morning in the Southeast Asian country's general election.The polls started at 8:00 a.m. (0100 GMT) and will
Türkiye is set to become a nuclear energy powerhouse with the inauguration of its first nuclear power facility, the Akkuyu Nuclear Power Plant (NPP), located along the
Author: Prof. Engr. Zamir Ahmed Awan, Founding Chair GSRRA, Sinologist (ex-Diplomat), Editor, Analyst, and Non-Resident Fellow of CCG (Center for China and Globalizatio
Ukrainian President Volodymyr Zelenskyy has reached agreements with the leaders of Italy, Germany, France and Britain on providing fresh defense aid for Kiev, Zelenskyy
China's commitment to standing on the side of peace over the Ukraine crisis has been proved, once again.During a phone call with Ukrainian President Volodymyr Zelenskyy
Senior Communist Party of China (CPC) official Cai Qi held talks with Roberto Morales Ojeda, member of the Political Bureau and secretary of organization of the Communi
Chinese State Councilor and Foreign Minister Qin Gang on Monday met with Russian First Deputy Foreign Minister Vladimir Titov in Beijing.The two sides exchanged views o
At the recent Arab League Summit in Jeddah, Saudi Arabia, Syria's President Bashar al-Assad was warmly welcomed back after being cut off from most of the Arab community
Since the European Union lifted import tariffs on agricultural products from Ukraine last summer, more than 23 million tonnes of grains have flooded the bloc. Four cou