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Jack Ma on how to avoid trade tension

HANGZHOU: The prolonged trade tension between the United States and China will not take place if the way trade is conducted becomes technology-based.

Alibaba Group founder and executive chairman Jack Ma said a technology-based trading method would result in fewer trade barriers and less tensions.

China won't devalue yuan to boost exports, Premier Li says

BEIJING: China won’t devalue its currency in order to make its exports more competitive amid the trade war with the US, Premier Li Keqiang (pic) said, hours after his country retaliated against the latest increase in tariffs by the Trump administration.

“Recent fluctuations in the renminbi exchange rate have been seen as an intentional measure, but that isn’t true,” Li(pic) said

Budget 2019 aims to reduce SME reliance on foreign labour

NANJING: The Ministry of International Trade and Industry (MITI) is focused on the fourth industrial revolution (Industry 4.0) and helping small and medium sized enterprises (SMEs) reduce their dependence on foreign labour, said Deputy Minister Dr Ong Kian Ming.