BIZ

Exchange of companies should not be kidnapped by politics: expert


Cooperation between China and South Korea has deepened in various industries including automotive, consumer electronics and semiconductors sectors, and enterprises from the two neighbors should continue to work together instead of being "kidnapped" by politics, experts said on Wednesday.


Tikkurila brings sustainability and style in home design

Tikkurila, a Finish manufacturer of paints and lacquers, entered China a decade ago, and now they are one of the leading brands in eco-friendliness and tinting in China. With up to 30 percent of steady growth in sales every year over the past decade, their production value in the domestic coating industry is now at the medium level.
Source: Global Times | 2017/2/23 16:43:39

China clears property inventory through new-type urbanization

China’s top housing regulator is set to continue guiding migrant workers and farmers to purchase homes in cities, which is seen as an important move to reduce excess housing inventories across the country.
Source: Global Times | 2017/2/23 15:28:39

China capable of ensuring stability in property market: official

The Chinese government is capable of maintaining stability in the property market, a senior official said on Thursday, as measures have reined in surging prices in major cities.
Source: Xinhua | 2017/2/23 14:02:38

Central bank drains 40 bln yuan from market

China's central bank drained 40 billion yuan (around 5.82 billion US dollars) from the market on Thursday.
Source: Xinhua | 2017/2/23 13:24:14

New WTO agreement pushes back against protectionism: New Zealand Trade Minister

A new World Trade Organization (WTO) agreement to make trade easier is a win for liberalization in the face of rising protectionism, New Zealand Trade Minister Todd McClay said Thursday.
Source: Xinhua | 2017/2/23 10:33:43

Ghosn to step down as Nissan's CEO, Saikawa to become sole chief executive

Nissan Motor Co. said Thursday Carlos Ghosn will step down as chief executive officer and the company's co-CEO Hiroto Saikawa will become the automaker's sole CEO.
Source: Xinhua | 2017/2/23 10:13:28

S.Korea freezes interest rates at record low of 1.25 pct

South Korea's central bank on Thursday froze its benchmark interest rate at a record-low level amid mixed signals at home and abroad, including recovering exports and slumping consumption.
Source: Xinhua | 2017/2/23 10:13:03

China runs a growth marathon, not a sprint

When China overtook United States as the world's top goods trader in 2013, the country's celebrations were led by Commerce Minister Gao Hucheng.
Source: Xinhua | 2017/2/23 7:59:33

Walmart to open about 40 new outlets in China

Walmart will open up to 40 new branches in China this year, while upgrading 50 outlets and improving stocking and logistics, the company announced Wednesday.
Source: Xinhua | 2017/2/23 7:58:09

Samsung to compensate Chinese consumer for Note 7 fire

A court in Shanghai ruled on Wednesday that Samsung should compensate a Chinese consumer whose Note 7 smartphone caught fire ten days after purchase.
Source: Xinhua | 2017/2/23 7:55:22

Changan Ford opens fifth factory in China

The first Ford Focus rolled off a production line in northeast China's Heilongjiang province on Wednesday.
Source: Xinhua | 2017/2/23 7:55:08

Boeing eyes China's booming air delivery market

Boeing is upbeat about the Chinese market and is designing products and services to meet the demands of the growing e-commerce sector, according to a Boeing executive.
Source: Xinhua | 2017/2/23 7:52:58

Minutes: US Fed officials view next interest rate hike "fairly soon"

US Federal Reserve officials expressed their confidence in the economy and viewed next interest rate hike would be "fairly soon", minutes of the Fed's latest monetary policy meeting showed Wednesday.
Source: Xinhua | 2017/2/23 7:44:34