Global growth prospects rise despite risks

Global economic organizations have issued brighter projections for 2021's recovery, led by the world's two largest economies, thanks to accelerated progress in COVID-19 vaccinations and large-scale stimulus.

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  • Suez Canal blockage has limited impact on China's foreign trade: ministry

    Suez Canal blockage has limited impact on China's foreign trade: ministry

    Apr 01,2021

    The Suez Canal blockage had a sudden, short-term and limited impact on China's foreign trade, as the waterway has reopened and normal operations resume steadily for the China-Europe shipping route, among other routes, the Ministry of Commerce said Thursday.

  • Ministry: China always against unilateral tariff measures

    Ministry: China always against unilateral tariff measures

    Apr 01,2021

    China takes a consistent stand against unilateral tariff measures, which harm not only China but also the U.S. and the world, the Ministry of Commerce spokesman Gao Feng said on Thursday.

  • Global growth prospects rise despite risks

    Global growth prospects rise despite risks

    Apr 01,2021

    Global economic organizations have issued brighter projections for 2021's recovery, led by the world's two largest economies, thanks to accelerated progress in COVID-19 vaccinations and large-scale stimulus. On Wednesday, however, economists said measures should also be prepared for uncertainties.

  • World trade to grow by 8 pct in 2021: WTO

    World trade to grow by 8 pct in 2021: WTO

    Apr 01,2021

    The World Trade Organization (WTO) said Wednesday that global trade is primed for a strong but uneven recovery after the COVID-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 percent this year.

  • Xiaomi entry adds spice to e-car sector

    Xiaomi entry adds spice to e-car sector

    Apr 01,2021

    Xiaomi Corp's decision to foray into the electric car business will further intensify competition in the booming sector, and it remains to be seen how the Chinese smartphone company will leverage its research and development strength to explore a completely new area, experts said.

  • Profitable Huawei to better serve clients

    Apr 01,2021

    Huawei Technologies Co said on Wednesday that it has the ability to satisfy the needs of its customers, especially various enterprises, as the company has poured a large amount of cash over the past two years to build up its stockpiles of chips in response to US government restrictions.

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