Tag «EYE ON ECONOMY»

Efficient model helps China get ahead of US in 5G

Two smartphones connected to the 5G network (R) and the 4G network (L) respectively are shown for comparison by a Chinese mobile service provider at the 2019 Smart China Expo in southwest China’s Chongqing Municipality, Aug. 26, 2019. (Photo: Xinhua) Why will China, not the US, become the world’s largest 5G market? It’s a crucial …

Yuan commodity deals can reduce dollar’s hegemony

A citizen counts the US dollars in Houma City, north China’s Shanxi Province, Oct. 11, 2011. The Chinese currency renminbi, or the yuan, strengthened 103 basis points to a record high of 6.3483 against the US dollar on Tuesday, according to the China Foreign Exchange Trading system.Photo: Xinhua Brazilian mining giant Vale has signed a …

Alibaba HK listing shows trade war’s market impact

Photo: Alibaba Group E-commerce giant Alibaba is making headlines again, this time in the Washington Post, which asks “Why now, and why Hong Kong, for Alibaba’s share sale?” The newspaper asks a good question, but it doesn’t offer a good answer. The Post said one reason why Alibaba chose Hong Kong for a share offering …

China’s factories excel in quality, low in branding

Mobile photo shows the Wangfujing shopping street in Beijing, capital of China, July 25, 2019. (Xinhua/Zhu Weixi) Chinese police recently destroyed a transnational industry chain that produced fake luxury bags bearing the labels of Louis Vuitton, Hermes and Chanel in Guangzhou, South China’s Guangdong Province. These were sold in the domestic and overseas markets, with …

US needs to answer China’s concerns over technology

The logo of China’s tech giant Huawei. Photo: Xinhua Chinese telecom giant Huawei is the focal point for the ongoing trade row between China and the US. If the US side wants to end the trade war as soon as possible, Washington should immediately issue licenses allowing US companies to resume supplies to the Chinese …

Digital economy will be next battle ground for nations

A visitor views an artwork in an exhibition featuring digital art during China International Big Data Industry Expo 2019 in Guiyang, capital of southwest China’s Guizhou Province, May 27, 2019. The exhibition is a part of four-day China International Big Data Industry Expo 2019 that kicked off on May 26, 2019. (Xinhua/Yang Wenbin) The wrestling …

Pork demand an early chapter of China’s import rise

A breeder sprays disinfectant in a pig farm in Guang’an, Southwest China’s Sichuan Province on Tuesday. Photo: VCG A shortage of pigs in China is changing the very structure of the pork chain outside the nation and reshaping global meat markets, financial information website Marketwatch.com reported, citing a study commissioned by the US National Pork …

Will Alibaba’s low-price Singles’ Day model last?

Employees of an e-commerce company in the Changxing economic development zone, East China’s Zhejiang Province, pack products Friday, several hours before Singles’ Day. Over a billion deliveries are expected during this year’s shopping carnival. Photo: IC China’s annual online shopping spree, Singles’ Day, is expected to break sales records once again despite the nation’s slowing …