BUSINESS >> Companies

Chinese middle-class spending strong despite trade war: experts

Despite volatility in the domestic market due to China-US trade tensions, the consumption power of the Chinese middle class will continue to grow in a strong manner and support stable economic development, experts said on Tuesday.
Source: Global Times | 2018/8/14 20:48:39

The Ritz-Carlton and Hearst Magazine collaborate on innovative short film series

The Ritz-Carlton recently announced a global collaboration with Hearst Magazines Digital Media on "The Stay," a groundbreaking digital campaign that explores the infinite possibilities offered by a stay at The Ritz-Carlton through the lens of five original short films.
Source: Global Times | 2018/8/14 18:53:40

China's economic indicators post slower growth in July, but economy still steady: NBS

China's economic slowdown in the second quarter of this year is in line with the country's moves to adjust its economic structure, with the economy remaining steady and sound amid uncertainties, the National Bureau of Statistics (NBS) said on Tuesday.
Source: Global Times | 2018/8/14 13:53:39

China's BYD wins more bids to supply electric vehicles to US

Chinese electric automaker BYD has won the bids to supply vehicles to the US state of Georgia and Atlanta city, the company said in a statement released on Monday.
Source: Xinhua | 2018/8/14 13:24:03

Meitu launches contemporary art exhibition

The launch ceremony of the MT Logo art exhibition dubbed the "real me" took place at 798 Art District on August 8 and the exhibit will last until August 14. Hosted by the leading international mobile technology company Meitu Inc and the Beijing Contemporary Art Foundation, the exhibition is held with the aim of promoting cultural interaction and cross-border cooperation of non-profit organizations.
Source: Global Times | 2018/8/14 12:03:39

Apple postpones FaceTime group chats feature from iOS 12

Apple on Monday removed the long-anticipated Group FaceTime feature from the first public version of iOS 12 and macOS Mojave betas, which were released earlier in the day.
Source: Xinhua | 2018/8/14 8:28:44

Tesla CEO confirms Saudi interest in buyout plan

US top electric automaker Tesla CEO Elon Musk said Monday that he has held talks with Saudi Arabia's sovereign wealth fund about his plan to take his company private.
Source: Xinhua | 2018/8/14 8:27:02

Domestic brands dominate mobile sector

Domestic brands dominated mobile phone shipments in China in the first seven months of the year as Chinese manufacturers accelerated innovation, an industry report showed Monday.
Source: Xinhua | 2018/8/13 22:03:39

China Huarong's profit shrinks due to 'credit risks'

China Huarong Asset Management Co showed, one of the four largest asset management firms in China, said on Sunday that its first-half net profit might declined significantly.
Source: Global Times | 2018/8/13 21:58:39

Tencent Cloud's data loss sparks concerns

The recent metadata loss experienced by a start-up company that was using domestic cloud services provider Tencent Cloud has aroused widespread concern in China over data security, and it might put a dent in the business of domestic cloud services providers ahead of the possible return of Google.
Source: Global Times | 2018/8/13 21:38:39

US ski equipment makers to lose fast-rising China market amid trade spat

US exporters of skiing products will be hit by the China-US trade row and are likely to lose the Chinese market, which has huge growth potential driven by the upcoming Beijing 2022 Winter Olympic Games, analysts said.
Source: Global Times | 2018/8/13 21:23:39

FedEx Vietnam flight supports B&R

FedEx Express (FedEx) has introduced a new flight connecting Vietnam's capital Hanoi to Guangzhou, capital of South China's Guangdong Province, according to a press release the company sent to the Global Times.
Source: Xinhua-Global Times | 2018/8/13 19:23:40

Overseas Chinese companies must integrate with locals to prevent potential terror attacks: experts

Chinese counter-terrorism experts said on Sunday that overseas Chinese companies should integrate with local people to prevent potential terror attacks following a suicide attack in Pakistan that injured three Chinese workers on Saturday.
Source: Global Times | 2018/8/12 22:18:39

Gas field deal with CNPC unchanged: Iran official

A gas field development contract with France's Total and China's State-owned CNPC remains unchanged, a senior Iranian oil official said, according to the oil ministry news agency SHANA on Saturday.
Source: Reuters | 2018/8/12 21:03:40

China working to support real economy

China is moving to support its real economy by expanding loans for infrastructure and small businesses, a move that experts said could help ease external pressure from a trade row with the US and stabilize domestic economic development.
Source: Global Times | 2018/8/12 20:28:40

US tariffs on Chinese art could backfire

Proposed US tariffs on imported Chinese art, collectibles and antiques could backfire and may help boost the Chinese domestic market instead of helping the US to address its trade deficit with China, as such exports to the US are small in both volume and value terms, industry insiders said.
Source: Global Times | 2018/8/12 20:28:39

China's rocket specialist OneSpace raises $44m, aims to catch up with SpaceX

Chinese commercial rocket firm OneSpace Technology said on Sunday that it completed B round financing of 300 million yuan ($43.8 million).
Source: Global Times | 2018/8/12 20:18:39

Audi reports strong sales in Jan-Jul

German luxury carmaker Audi's sales in China during the first seven months of this year hit a record high, according to Audi China.
Source: Xinhua | 2018/8/12 19:18:40