Business - NsNewsWire

Small, medium-sized cities to drive China’s consumption growth: economist

BEIJING, May 31 (Xinhua) — Small and medium-sized cities will play a major role in driving China’s consumption growth in the coming decade, according to a Morgan Stanley economist. Robin Xing, the investment bank’s chief China economist, predicted on Wednesday that national annual consumption will rise to 9.7 trillion U.S. dollars in 2030 from last […]

Dubai transport authority promises safe Expo 2020

DUBAI, May 30 (Xinhua) — Senior officials from the Dubai Roads and Transport Authority, RTA, and Dubai Police have met here on Tuesday to discuss road safety strategies in preparation for the Gulf Arab sheikhdom hosting Expo 2020. Mattar Al-Tayer, RTA Director-General and Chairman of the Board of Executive Directors, and Maj. Gen. Abdullah Khalifa […]

Iran keen to expand Russia market for unique handwoven carpet

TEHRAN, May 29 (Xinhua) — Iran and Russia are holding talks to remove obstacles for the exports of Iran’s handwoven carpets to Russia, semi-official Fars news agency reported on Monday. Head of Iran’s National Carpet Center Hamid Kargar and Head of Russia-Iran Joint Chamber of Commerce Vladimir Obidnov held a meeting here to discuss the […]

China to expand imports from US: MOC

BEIJING, May 25 (Xinhua) — China will increase imports from the United States in wide-ranging areas including agricultural products, energy and high-tech equipment, the Ministry of Commerce (MOC) said Thursday. In a research report on China-US Economic and Trade Relations, the MOC noted the growth potential in U.S. exports as China’s total imports are expected […]

Athens expects deal at June 15 Euro Group, dismisses crisis scenario

ATHENS, May 25 (Xinhua) — Athens expects a deal on the conclusion of the second review of the third bailout and the next steps that will satisfy both Greece and its international lenders at the next June 15 Euro Group meeting, Greek government spokesman Dimitris Tzanakopoulos said on Thursday. The Greek official dismissed scenarios of […]

Nepal awards contract of developing hydropower project to Chinese company

KATHMANDU, May 24 (Xinhua) — The Nepali government has decided to award the contract of developing Budhigandaki Hydroelectric Project to China Gezhouba Group Corporation (CGGC), a cabinet minister has said. A cabinet meeting of Nepal Tuesday approved the Energy Ministry’s proposal to let the Chinese developer build the storage type project located at the country’s […]

Baidu to provide alliance partners with AI capabilities

CHONGQING, May 24 (NsNewsWire) — Baidu announced Tuesday it will provide its partners with artificial intelligence resources and technology to build a smarter and stronger alliance for shared growth. The AI giant will share its media resources, online data accumulation and analytical technology, advanced marketing techniques and large pool of advertisers with its partners, including […]

Ukraine signs declaration to boost trade with Black Sea countries

KIEV, May 23 (NsNewsWire) — Ukraine has adopted a joint declaration with other 11 countries of the Organization of the Black Sea Economic Cooperation (BSEC) to strengthen trade in the region, Ukrainian First Deputy Prime Minister Stepan Kubiv said on Monday. “The document has officially confirmed the mutual commitment of the Black Sea countries to […]

China steps up property controls in smaller cities amid market divergence

BEIJING, May 23 (NsNewsWire) — With housing prices and sales stagnating in China’s major cities following tough property controls, smaller cities are starting to join in. Last weekend, property sales were restricted in several second- and third-tier cities, as speculators shift their attention to these areas.Around 30 cities have introduced sales restrictions to different extents, […]