Trade agreement is good for China, US and the world, Xi says   CHINA ECONOMIC NET WASHINGTON D.C. – China and the United States formally signed their phase-one economic and trade agreement here on Wednesday, with Chinese Vice Premier Liu He and U.S. President Donald Trump inking the papers in the White House. Speaking at the signing ceremony, Liu, also …

CHINA ECONOMIC NET Wall Street finished Wednesday’s session higher, with the Dow closing above the 29,000 mark for the first time, after Beijing and Washington inked the highly anticipated phase-one trade deal. The Dow Jones Industrial Average increased 90.55 points, or 0.31 percent, to 29,030.22. The S&P 500 rose 6.14 points, or 0.19 percent, to 3,289.29. The Nasdaq Composite Index …

CHINA ECONOMIC NET BEIJING, China – Beijing administration will develop high-end, precision and sophisticated industries with stronger efforts to achieve a modern economic system, Mayor Chen Jining said here. An action plan for the development of the 5G industry will be implemented, Chen said in his government work report delivered at the ongoing annual session of the municipal people’s congress. …