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PwC China denies ban on Huawei, ZTE phones

Auditing and consultancy firm PwC China denied a Weibo post which said the firm excluded Huawei and ZTE in its internal device list, calling the post untrue and misleading to the public.
Source: Global Times | 2019/7/19 17:56:10

Netizens claim trending Libra offers no threat to WeChat Pay, Alipay

Netizens and industry analysts were not convinced Facebook's crypto-currency Libra would challenge the dominant positions enjoyed by two major Chinese online platforms, although the hearings over the social media digital currency at Capitol Hill have aroused great interest from internet users worldwide.
Source: Global Times | 2019/7/19 0:34:36

China submits 5G technologies to ITU

China has formally submitted its 5G technologies to the International Telecommunication Union (ITU), and analysts said that as Chinese companies have made considerable contributions to the next generation of wireless communication in patents and technology breakthroughs, it is highly likely the industry will adopt Chinese proposals as global standards.
Source: Global Times | 2019/7/18 22:03:40

Huawei says Hongmeng operating system not for smartphones

Huawei board member and senior Vice President Catherine Chen said here on Thursday that the company's Hongmeng operating system is not for smartphones and the company intends to continue to use Google's Android operating system for its smartphones.
Source: Xinhua | 2019/7/18 21:11:35

Huawei says it has signed over 50 5G contracts, 28 from Europe

Huawei board member and senior vice president Catherine Chen said here on Thursday that the Chinese technology giant has signed over 50 5G commercial contracts across the world, of which 28 are from Europe.
Source: Xinhua | 2019/7/18 20:12:58

MUJI, IKEA listed to have substandard products in Beijing

A dozen products from MUJI (Shanghai) Co Ltd and Swedish retailer IKEA have been removed from shelves or had their information modified on Thursday, a day after Beijing's market quality watchdog listed their products as substandard.
Source: Global Times | 2019/7/18 20:08:40

Didi Chuxing to allow users of its app to access services from third parties

China's biggest ride-hailing company Didi Chuxing will allow users of its smartphone app to access services provided by apps of three domestic auto companies and others, in a push to generate more orders.
Source: Reuters-Global Times | 2019/7/18 18:18:40

EV maker Xpeng encounters backlash

Chinese electric vehicle (EV) start-up Xpeng Motors apologized two days after its latest G3 model was released on July 10. But users of the current version of the G3 - G3 2019 - don't seem to be accepting the apology.
Source: Global Times | 2019/7/18 18:18:40

Ikea to move its only US factory to Europe: report

Swedish furniture company Ikea will close its only manufacturing site in the United States in December and move it to Europe to reduce costs, US media reported Tuesday.
Source: Xinhua | 2019/7/18 15:08:12

Huawei's 5G chipsets finished all network tests

China's official platform to promote 5G research - IMT-2020 5G promotion group, an organization affiliated with the country's top industry regulator has finished all network tests on Huawei's 5G Balong 5000 chipset, according to the IMT-2020 (5G) summit held in Beijing on Wednesday.
Source: Global Times | 2019/7/18 14:16:50

MediaCom China hosts their second China Growth Summit in Shanghai

Under the Belt and Road Initiative more Chinese brands have accelerated to go overseas. International consumers' impressions of “Made in China” have shifted significantly, according to a report from one of the world's leading media agencies, MediaCom China.
Source: Global Times | 2019/7/18 12:08:40

Huawei Marine 'hasn't bid' on Chile's trans-Pacific cable project

Huawei Marine, the submarine cable business of the tech giant, said it has not offered any bid for the feasibility study of Chile's proposed trans-Pacific project connecting South America with Asia, a decision that analysts said reflects the Chinese company's intention to play down its presence in Latin America.
Source: Global Times | 2019/7/17 21:13:41

Meat market supply in China to remain stable: official

Pork prices in China are not to come down in the coming months as supply is expected to be tight in the second half of the year. With the increase of domestic output of substitutes, and rising quantities of imported pork, overall supply of the meat market is guaranteed, an official said.
Source: Global Times | 2019/7/17 17:18:40

Alipay starts face-scanning solutions with beauty filters in China's largest bookstore

Chinese payment and service platform Alipay started operating its facial recognition payment systems with beauty filters at Xinhua Bookstores, the largest bookstore in China, the company announced Tuesday.
Source: Xinhua | 2019/7/17 16:51:36

PBC injects liquidity into market

The People's Bank of China (PBOC), the central bank, on Wednesday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.
Source: Xinhua | 2019/7/17 11:34:34

Decline in China's US Treasury holdings 'normal market operation': economists

China's holdings of US Treasury bonds declined for the third consecutive month in May, which an economist referred to as “normal market operation,” and it is not likely that China would “weaponize” the holdings to retaliate against the US amid the ongoing trade war.
Source: Global Times | 2019/7/17 11:30:16

China's outbound FDI flat amid slowing economy, tighter regulations

The growth of foreign direct investment (FDI) by Chinese companies was flat in the first half of the year compared with the first half of 2018 as economic growth faced downward pressure, according to official data released on Tuesday.
Source: Global Times | 2019/7/16 18:53:40

4th batch of Cambodian young ICT talents to get training in China with Huawei's help

The fourth batch of 10 Cambodian young talents will undergo a 12-day training course in information and communication technology (ICT) sector in China under the Chinese telecom giant Huawei-sponsored "Seeds for the Future" program.
Source: Xinhua | 2019/7/16 13:19:05