BUSINESS >> Companies

Overseas companies flock to CIIE

More overseas companies are flocking to sign up for the second China International Import Expo (CIIE) after the success of the first showed the benefits they get from China's opening-up and greater exposure to its market, representatives from many companies told the Global Times.
Source: Global Times | 2019/7/28 19:03:39

US move to target developing countries at WTO won't pass: expert

A recent decision by the US administration to push for reforms at the WTO to revoke special treatment the multilateral trade body grants to developing countries is unlikely to sail through as the move will draw widespread objection from many developing countries including China and India, a top Chinese expert on the WTO said on Sunday.
Source: Global Times | 2019/7/28 18:53:39

Shenzhen to play key role in Greater Bay Area

Shenzhen, Guangdong Province, will play a bigger role in leading the development of the Guangdong-Hong Kong-Macao Greater Bay Area and influencing other urban areas in China as it aims to become an example of what a city can be in a strong and modern socialist country, analysts said on Sunday.
Source: Global Times | 2019/7/28 18:43:39

Chinese train maker developing 400 kph variable-gauge trains

China's top train maker CRRC is developing variable-gauge trains with a designed top speed of 400 km per hour, said a senior executive of the company.
Source: Xinhua | 2019/7/28 14:14:39

Good news for businesses as China cracks down on illegal fees

China's State Council decided Wednesday to further energize market entities and ease costs for firms by cracking down on illegal fee charges.
Source: Xinhua | 2019/7/28 10:46:10

Huawei unveils 5G phone; Chinese brands to 'dominate'

Chinese tech giant Huawei Technologies unveiled its first 5G mobile phone, Mate20 X, on Friday, sparking a race on 5G smartphones in China.
Source: Global Times | 2019/7/26 22:38:40

PepsiCo makes strategic investment in Chinese Natural Food company

PepsiCo, Inc. (PepsiCo) announced on today that it will invest approximately $131 million (901 million yuan) to acquire approximately 26 percent of the issued ordinary shares of Natural Food International Holding Limited (Natural Food), which is China's second largest natural health food company with a focus on grain-based premium nutrition powder.
Source: Global Times | 2019/7/26 14:53:40

Apple to buy Intel's smartphone modem unit for enhanced 5G development

Apple Inc. said Thursday it will pay 1 billion US dollars to buy the "majority" of Intel Corporation's smartphone modem unit to help it produce its own in-house 5G modem for future smartphones.
Source: Xinhua | 2019/7/26 13:37:54

Flex to cut cooperation with Huawei after reportedly detaining millions of Huawei goods

US original equipment manufacturer Flex Ltd said it will cut cooperation with Huawei, after media reported that the company has detained Huawei goods worth more than 700 million yuan ($101 million).
Source: Global Times | 2019/7/26 12:17:36

FedEx's claimed misdelivery of Huawei packages not true: investigation

FedEx's claim of having misdelivered Huawei's packages to the United States disaccorded with facts, an investigation by Chinese authorities has found.
Source: Xinhua | 2019/7/26 11:04:49

Violating Chinese law, FedEx may be put on entity list

Chinese authorities unveiled more details about the ongoing probe into US delivery firm FedEx, saying the firm's previous statement of "operational error" in misrouting Huawei's packages to the US is inconsistent with facts. FedEx had also delayed over 100 packages sent from overseas to Huawei in China, the probe found.
Source: Global Times | 2019/7/26 10:46:00

Huawei hints at resilient, "robust" performance in 1H 2019

Chinese technology giant Huawei has hinted at "resilience" of its performance in the first half of 2019, despite a campaign of extreme pressure from the United States.
Source: Xinhua | 2019/7/26 8:21:46

Nobody at the wheel

An autonomous bus is tested in Zhengzhou, capital of Central China's Henan Province on Wednesday. The bus has been undergoing tests since May, and local residents can ride it for free. Photo: VCG
Source: VCG | 2019/7/25 21:58:40

US police release details of alleged sexual assault by JD's founder, drawing public attention

Minneapolis police released a 149-page file containing all the evidence related to a sexual assault accusation against Richard Liu Qiangdong, founder of e-commerce giant on Wednesday.
Source: Global Times | 2019/7/25 21:54:50

Bank of Jinzhou seeks possible strategic investments under local govt guidance

Bank of Jinzhou, based in Northeast China's Liaoning Province, released a statement on Thursday saying that it is discussing with multiple institutions for possible strategic investments under the guidance of local government departments.
Source: Global Times | 2019/7/25 21:43:40

New location of China-US trade talks may mean shift in focus

The 12th round of trade consultations between China and the US will be held in Shanghai on July 30-31, Ministry of Commerce (MOFCOM) spokesman Gao Feng said on Thursday.
Source: Global Times | 2019/7/25 21:28:40

Cryptocurrency entrepreneur sorry for hype after Buffett lunch controversy

Cryptocurrency entrepreneur Sun Yuchen apologized on Thursday for engaging in personal hype and excessive marketing for his business, after public criticism of his erratic rhetoric following the abrupt cancellation of a charity lunch with US financier Warren Buffett.
Source: Global Times | 2019/7/25 21:11:00

Foreign companies gear up as the second CIIE approaches

The second China International Import Expo (CIIE), which is scheduled to run from November 5 to 10 in Shanghai, will soon enter its 100-day countdown, while anticipation runs high among prospective participants thanks to its huge success last year.
Source: Global Times | 2019/7/25 20:58:41