BUSINESS >> Companies

US sanctions 'pose no threat' to Huawei 5G steps

Huawei's 5G technology will not be affected by US sanctions, and over the past few months, it has taken various measures to mitigate the impact of US government export controls by sourcing from different countries and finding alternative ways to conduct business, Huawei's rotating CEO told a press conference on Wednesday in Shanghai.
Source: Global Times | 2019/6/26 22:23:40

China leads in global 5G rollout

Workers at a coal mine in Central China's Henan Province can now enjoy the cool air of an office instead of driving an extractor in the pit itself as a low-latency 5G network, enabling distance monitoring, allows them to work remotely, minimizing errors while improving safety and efficiency.
Source: Global Times | 2019/6/26 22:18:43

China's leading fintech firm calls for "open-minded, prudent" approach to cryptocurrency Libra

Ant Financial, China's leading financial technology firm, has called for an "open-minded, albeit prudent" approach to the planned launch of cryptocurrency Libra by US tech giant Facebook.
Source: Xinhua | 2019/6/26 21:38:07

Huawei launches new smartphone in Kenyan market amid rising demand

China's Huawei on Wednesday launched a new smart phone in the Kenyan market amid rising demand for affordable but high quality mobile devices among the east African country's middle classes.
Source: Xinhua | 2019/6/26 19:33:28

Chinese vice premier stresses full implementation of tax, fee cuts

Chinese Vice Premier Han Zheng called for the solid implementation of measures to cut taxes and fees and making every effort to ensure market entities enjoy policy dividends.
Source: Xinhua | 2019/6/26 17:33:17

Moutai dilemma

Maotai, a small town in Southwest China's Guizhou Province, welcomed its busiest time of the year when the Chinese state-owned distillery giant Kweichow Moutai held its annual shareholders' meeting.
Source: Global Times | 2019/6/26 17:03:40

US sanctions pose no threat to 5G as Huawei eyes 500k base shipments by year-end: executive

Huawei's 5G technology will not be affected by US sanctions, and over the past few months, the Chinese company has taken various measures to mitigate the impact of US government's export controls by sourcing from different countries and finding alternative ways to conduct business, Huawei's rotating CEO told a press conference on Wednesday.
Source: Global Times | 2019/6/26 16:08:40

Investors in fraudulent Ezubao asked to register information to receive compensation

Investors embroiled in the fraudulent peer-to-peer (P2P) financing platform Ezubao are urged to register details of their losses for possible compensation, read an announcement made by the No.1 Intermediate People's Court in Beijing on Wednesday.
Source: Global Times | 2019/6/26 14:43:40

L'Oréal China welcomes new CEO

Fabrice Megarbane, was appointed as the CEO of L'Oréal China on Monday and will be taking office on July 1. Meanwhile, Megarbane will become the member of the management committee of L'Oreal Group. Stephane Rinderknech, the current CEO of L'Oréal China, will move up to other key posts within the group.
Source: Global Times | 2019/6/26 13:03:40

Suspension of Canadian meat imports, China's 'legitimate' and 'legal' recourse: analysts

China suspending meat imports from Canada is in accordance with the law, which will exert significant pressure on the Trudeau government ahead of the G20 summit as the case of Huawei CFO Meng Wanzhou continues to casts shadow over the China-Canada ties, analysts said Wednesday.
Source: Global Times | 2019/6/26 11:23:03

Huawei CFO's lawyers urge Canada to end extradition

The Canadian lawyers team for Huawei's Chief Financial Officer Meng Wanzhou have appealed to the Canadian government to end the extradition against her for its national interests.
Source: Xinhua | 2019/6/26 11:02:57

Whole-of-society effort drives technology development in China

China is pushing forward technological revolution at all levels, from government support and corporate participation to academic exchanges and conversations among ordinary people, underscoring an exceptional phenomenon where the entire country is immersed in technical breakthroughs amid a trade and technology war with the US.
Source: Global Times | 2019/6/25 21:53:40

Chinese tech firms show 5G muscle at MWC19 in Shanghai

As the US continues to step up its effort to contain China's technological rise, particularly in 5G, Chinese companies are poised to show off their capabilities and advanced products for the upcoming era of ultra-fast networks at one of the biggest telecom industry events in Asia in Shanghai.
Source: Global Times | 2019/6/25 21:38:40

Japan needs China market: expert

Japan should build closer ties with China amid rising global protectionism and the country will find huge markets through cooperative projects with China in third markets under the framework of the Belt and Road Initiative (BRI), Eiichi Shindo, head of the Belt and Road Initiative Japan Research Center, told the Global Times.
Source: Global Times | 2019/6/25 18:28:40

Launch of the sci-tech innovation board opens up new era of A-share market

With 13 unicorns launching IPOs, the number of IPOs is expected to reach 507 globally in the first half of 2019, with total proceeds reaching $71.9 billion. The number of IPOs on the Hong Kong Stock Exchange continues to rank first in the world, a report released by consulting firm EY showed on Tuesday.
Source: Global Times | 2019/6/25 17:33:40

Huawei gains 50 5G contracts outside China, shrugging off US clampdown

Despite rising US harassment and assault, China's Huawei Technologies has doubled its 5G contacts outside China, continuing supplying major carriers in Europe, Asia and the Middle East.
Source: Global Times | 2019/6/25 16:12:18

ZTE obtains 25 commercial contracts in 5G globally

Chinese telecommunications company ZTE Corporation said on Tuesday that it had obtained 25 commercial 5G contracts globally.
Source: Xinhua | 2019/6/25 15:52:07

FedEx files lawsuit against US Department of Commerce to mend damaged reputation with Chinese customers

FedEx has filed a lawsuit against the Department of Commerce in the US on Monday overrules on export shipments, according to a statement the company sent to the Global Times. The company was previously asked for clarification by the Chinese Foreign Ministry after it failed to ship a Huawei phone to the US from the UK.On Monday, when China's Ministry of Foreign Affairs demanded an explanation from FedEx, it emphasized that the US government is the “real cause of confusion”.
Source: Global Times | 2019/6/25 14:05:28