BIZ

New pension scheme to fill gap


China’s latest pilot program of transferring State-owned assets into the pension fund will help tackle the pension gap nationwide, and is also part of an effort to coordinate pension payments at the national level, experts said on Monday.


Biofuel boost for renewables

A renewable energy project supported by the Australian and Chinese public and private sectors promises “groundbreaking” technology to produce ethanol biofuel using non-food waste matter left over from crops and forestry, the Xinhua News Agency said Tuesday.
Source: Global Times - Xinhua | 2017/11/21 21:33:39

Health industry growing fast

The trading volume of the Chinese health industry overseas rose at a compound annual growth rate of 85 percent to $4.353 billion in the first half of 2017, six times higher than that of 2014, a report released by consulting firm PwC showed on Tuesday.
Source: Global Times | 2017/11/21 21:33:39

Figuratively Speaking

50b yuan year-to-date box office revenue in China as of Tuesday, a new high, with 1.45 billion tickets sold, up 15 percent year-on-year, the People’s Daily reported on Tuesday.
Source: Global Times | 2017/11/21 21:28:39

MOFCOM slaps duties on polysilicon from S.Korea

China’s Ministry of Commerce (MOFCOM) has decided to impose anti-dumping duties on solar-grade polysilicon products imported from South Korea, said a statement on the ministry’s website on Tuesday.
Source: Global Times | 2017/11/21 21:28:39

Construction at Serbian power firm

A Chinese company started construction on Monday of a new 350-megawatt unit at Serbia’s second-largest coal-fired power plant, the first new electricity capacity in the Balkan country in nearly 30 years.
Source: Reuters | 2017/11/21 21:23:40

Volvo to sell driverless vehicles

Chinese-owned Swedish automaker Volvo Cars has reached an agreement with Uber to sell tens of thousands of autonomous driving compatible base vehicles between 2019 and 2021.
Source: Global Times | 2017/11/21 21:23:39

Wanda Hotel says it reviews foreign portfolio, but no sales discussions

China’s Wanda Hotel Development Co said on Tuesday it was open to “business opportunities” related to its portfolio of landmark overseas properties, although no sale talks are in progress.
Source: Reuters | 2017/11/21 21:18:39

Victoria’s Secret lusts for China market but experts say customer satisfaction key to lasting sales growth

US-based lingerie brand Victoria’s Secret is taking aim at the huge and lucrative Chinese market, holding its annual show in Shanghai this year in a move that experts said will stimulate its sales in China, although growth won’t come without risks.
Source: Global Times | 2017/11/21 21:18:39

SF carrier buys airplanes in auction on Alibaba’s online platform

Chinese air express carrier SF Airlines Co bought two Boeing 747 airplanes worth 320 million yuan ($48.25 million) during an auction on Alibaba's legal auction website sf.taobao.com on Tuesday, marking the first sale of a Boeing 747 during an online auction in China, domestic news site thepaper.cn reported.
Source: Global Times | 2017/11/21 21:08:39

Foreign firms applaud China’s opening-up

Overseas companies told the Global Times on Tuesday that they welcome the recent measures taken by the Chinese government to further open up to overseas capital in finance and other sectors, but domestic experts have said that more still needs to be done.
Source: Global Times | 2017/11/21 20:58:39

Crowne Plaza, Tesla launch eco-friendly multicity self-driving tours

Crowne Plaza Hotels & Resorts, a global high-end business hotel, and Tesla, a global leader in the luxury intelligent electric vehicle sector, jointly launched an eco-friendly self-driving tour on November 9.
Source: Global Times | 2017/11/21 20:33:39

DoubleTree by Hilton Beijing makes a difference

As one of the few Chinese general managers of a five-star international hotel in Beijing, Rick Chen sees the importance of differentiation in hotel management. Before he was appointed as the general manager of DoubleTree by Hilton Beijing in August, he was the general manager of DoubleTree by Hilton Chongqing North for three years since 2014.
Source: Global Times | 2017/11/21 20:28:39

To achieve high-quality survival of preterm infants

Sunday was an unforgettable day for Xiaojie (pseudonym), a 4-year-old girl who was born after only 25 weeks and four days of gestation with a weight of only 690 grams. She participated in a fun sports meet with her parents and 40 other participants who were also preterm babies.
Source: Global Times | 2017/11/21 20:08:39