BUSINESS >> Companies

China's small businesses get big tax, fee cuts to spur growth

Micro-sized and small businesses in China got new tax and fee cuts earlier this month, and the country is planning to expand preferential policies to a wider range of companies to further ease the burden on manufacturers and support the development of the real economy.
Source: Global Times | 2019/2/17 21:48:39

A message to the US: It's time to prove how Huawei serves as a security threat

Talk is cheap. It's time for the US to stop groundless accusations and provide concrete evidence to prove how China's Huawei Technologies is a security threat.
Source: Global Times | 2019/2/17 21:33:39

Spain's BBVA unfreezes Chinese customers' bank accounts after protest in Madrid

Spain's second-largest bank has apologized and unfrozen some Chinese customers' accounts frozen after Chinese customers protested and accused the financial services group of racism.
Source: Global Times | 2019/2/17 20:43:39

Palace Museum harvests $221m from sales of souvenirs in 2017

Sales of cultural and creative products by the Palace Museum in Beijing reached 1.5 billion yuan ($221 million) in 2017 thanks to the increasing influence of the museum's intellectual property (IP), Shan Jixiang, curator of the Palace Museum, said on Sunday.
Source: Global Times | 2019/2/17 20:38:39

JD Finance apologizes

JD Finance's customer service account on Weibo issued a statement on Sunday, apologizing for the latest controversy over potential user privacy infringement via its Android app. It said the function that can potentially cause privacy infringement has been taken down.
Source: Global Times | 2019/2/17 20:33:40

Fosun chairman apologizes for norovirus outbreak at Club Med

Guo Guangchang, chairman of Fosun International, publicly apologized on Saturday after guests were infected with norovirus – often referred to as the winter vomiting bug – at a Club Med ski resort in Yabuli, Northeast China's Heilongjiang Province.
Source: Global Times | 2019/2/17 14:59:08

High leverage risks mainly exist in China's SOEs, local governments: report

China's state-owned enterprises (SOEs) and local governments remain the major places for high leverage risks, Shanghai Securities News reported Saturday.
Source: Xinhua | 2019/2/16 22:02:35

One of world's largest container ships docks at Greece's Piraeus

COSCO Shipping Pisces, one the world's largest container ships with a capacity of 20,000 TEU, docked at Greece's Piraeus port on Friday afternoon, after sailing nearly a month from China.
Source: Xinhua | 2019/2/16 16:22:16

Uber registers 3 bln USD in revenue for Q4 2018

US ride-hailing company Uber Technologies Inc. Friday reported 3 billion US dollars in revenue for the fourth quarter of 2018, representing a 25-percent year-on-year increase.
Source: Xinhua | 2019/2/16 14:40:31

Amazon leads 700-mln-USD investment in electric truck startup

US online retailing giant Amazon is leading a 700-million-US-dollar funding round for electric truck startup Rivian Automotive, Rivian said Friday.
Source: Xinhua | 2019/2/16 11:59:26

China's CRRC sets up financial leasing arm for overseas services

China's CRRC, the world's largest supplier of rail transit equipment, has recently opened its financial leasing subsidiary in a bid to expand its business overseas.
Source: Xinhua | 2019/2/15 23:55:13

Jim Rogers denies visiting North Korea on Kim's invitation, but keen on investment prospects

Jim Rogers, renowned investor and chairman of Rogers Holdings, denies he will visit North Korea in March at the invitation of the country's leader, Kim Jong-un.
Source: Global Times | 2019/2/15 19:08:40

Pinduoduo to subsidize brand products sales to upgrade rural shopping

Chinese social e-commerce platform Pinduoduo will spend at least 500 million yuan (73.8 million US dollars) in subsidies to support sales of brand-name products in small cities and rural areas in 2019, the company announced Friday.
Source: Xinhua | 2019/2/15 16:52:10

China's ride-hailing giant Didi to cut 2,000 jobs

China's ride-hailing giant Didi Chuxing will cut 15 percent of its staff this year, or around 2,000 jobs, the company said Friday.
Source: Xinhua | 2019/2/15 15:07:30

Huawei Facts webpage launched, firm vows transparency, openness in global market

Faced with growing obstacles in overseas markets in recent months, China's Huawei Technologies has not been intimidated and scaled down its global ambitions. Instead, the company has come up with more measures to become more open and transparent.
Source: Global Times | 2019/2/15 14:57:15

China punishes 12.77 million discredited entities as of 2018

The big picture in the construction of China's social credit system via a blacklist has taken initial shape, and losing credit in one place might mean an entity is restricted in other places.
Source: Global Times | 2019/2/14 22:38:40

China's trade with US declines in January: customs data

China's trade with the US declined by 10.1 percent and the trade surplus widened in January, as uncertainties about the China-US trade relationship weighed on shipments. But domestic analysts said that with policy support and a gradual rebound in confidence, the situation might improve in the second quarter.
Source: Global Times | 2019/2/14 22:33:40

Strong demand from China buoys Toyota as weakness in US persists

Toyota Motor Corp's quarterly profit edged up as demand for its bread-and-butter car models from cost-conscious Chinese buyers helped offset bleak North American sales.
Source: Reuters-Global Times | 2019/2/14 22:23:41