Category «SOURCE»

Shopping spree expects high sales Increasing purchasing power, faster delivery new drivers for e-commerce

Workers sort packages at an express distribution center in Donghai county, East China, Jiansu Province in December, 2018. Photo: CNS December 12 marks the shopping spree of “Double 12,” the follow up to last month’s record-breaking Double 11 festival sequel and one of the most exhilarating shopping welcomed by China’s e-commerce players. Akin to the …

GT Source’s China market news daily wrap-up

Illustration: GT China’s foreign ministry on Tuesday blasted calls in the US for decoupling and other rhetoric promoting confrontation, and stressed the potential for cooperation. The ministry urged the US to drop its cold war mentality and to work with China to build a stable relationship.  China’s new yuan loans hit 1.39 trillion yuan ($197.66 …

PepsiCo awarded again for its efforts in poverty alleviation

A mother works at Yao Embroidery Cooperative of Youxi Town in Ruyuan, South China’s Guangdong Province, established by PepsiCo and CWDF in January 2019. “Mom Handworks” is a sustainable public welfare project initiated by CWDF in September 2016. Photo: Courtesy of PepsiCo   PepsiCo, one of the world’s leading food and beverage companies, was awarded …

Brazilian analysts raise growth forecast for 2019 to 1.1 pct

Shoppers buy TV sets at a supermarket during a Black Friday sale in Sao Paulo, Brazil, on Thursday. Photo: AFP   Brazilian financial analysts have raised their economic growth forecast for 2019 from 0.99 to 1.1 percent, the Central Bank of Brazil said on Monday. According to the bank’s poll of analysts from the country’s …

China’s trade sector firms up against headwinds

A view of a container port in Taicang, east China’s Jiangsu Province, Oct. 30, 2019. (Xinhua/Li Bo)   Year-on-year drops of China’s foreign trade halted in November in the latest sign of economic resilience. Despite external uncertainties and domestic downward economic pressure, trade volume expanded 1.8 percent year on year last month in Chinese yuan …

Foreign-funded banks, insurers post expanding China presence

Two people chat outside the headquarters of the China Banking and Insurance Regulatory Commission on April 8. Photo: IC   Foreign-funded banks and insurers have reported a bigger presence in the Chinese market as the country continuously increased efforts on financial opening-up and improving the business environment, said the banking and insurance regulator. By the …

Opening-up brings confidence to British businesses in China amid trade tensions Trade war with US may mean opportunities for UK: representative

St. John Moore, chairman of the British Chamber of Commerce in China, addresses media in Beijing on Tuesday. Photo: Huang Ge/GT Amid increased uncertainties in the global market and ongoing China-US trade war, British businesses remain confident about their operations in China thanks to the nation’s continuous efforts to open up and its growing market …