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Airbus pursues innovation in 'China's Silicon Valley'

Airbus is speeding up its innovative approach in China, with plans to invest tens of millions of euros in the Airbus China Innovation Centre (ACIC) based in “China's Silicon Valley” Shenzhen, South China's Guangdong Province.
Source: Global Times | 2018/12/12 21:18:41

Samsung halts Tianjin factory

South Korean electronics giant Samsung has announced that it will halt production at its factory in North China's Tianjin Municipality starting from December 31, the China News Service reported on Wednesday, citing employees of the Tianjin plant.
Source: Global Times | 2018/12/12 21:18:40

ChemChina, Sinochem to merge

China is nearing a merger of State-owned China National Chemical Corp and Sinochem Group, and top executives have completed preparatory work for the deal, according to a Bloomberg report on Wednesday, citing people familiar with the matter.
Source: Global Times | 2018/12/12 21:13:41

Nation to see big jump in dairy market: expert

Experts said the Chinese dairy market will see rising momentum in the next five years, given robust demand in the second-largest economy.
Source: Global Times | 2018/12/12 21:13:41

Vipps seals Alipay deal

Vipps will cooperate with China's Alipay to enable its Vipps-payment to be used outside Norway and to open the system up for mobile payments by Chinese tourists visiting the country.
Source: Reuters-Global Times | 2018/12/12 21:13:40

Zhenhua stake from ADNOC

Abu Dhabi National Oil Co (ADNOC) awarded Chinese state oil company Zhenhua Oil a 4 percent stake in its onshore oil concession, previously held by debt-laden CEFC China Energy Co.
Source: Reuters-Global Times | 2018/12/12 21:08:41

Data protection a priority amid investigation in Germany: Mobike

Chinese bike-sharing platform Mobike said that it will “actively coordinate with” government departments, after the company was reported by overseas media to be under investigation on suspicion of violating European data laws.
Source: Global Times | 2018/12/12 21:08:40

The Ritz-Carlton Beijing, Financial Street creates opportunities on Beijing's west side

In August, The Ritz-Carlton Beijing, Financial Street welcomed its new general manager Karan Jain (Jain). Four months later, he has already formed his thoughts and understanding about the business opportunities and challenges that lie before him.
Source: Global Times | 2018/12/12 19:38:40

Changsheng Bio-technology receives advance notice of mandatory delisting

Changsheng Bio-technology, a major Chinese vaccine maker, has received advance notice of a mandatory delisting from the Shenzhen Stock Exchange, the company said in an announcement on Tuesday.
Source: Xinhua | 2018/12/12 9:24:40

Russia fines Google for violating law

Google has been fined in Russia over its failure to remove links to prohibited information from search results as required by Russian law, the country's telecommunications watchdog Roskomnadzor said in a statement Tuesday.
Source: Xinhua | 2018/12/12 9:17:52

Huawei CFO granted bail at court hearing

The Canadian court on Tuesday granted bail to Huawei chief financial officer Meng Wanzhou, who's been detained in Canada for nearly two weeks for allegedly breaking U.S. sanctions on Iran.
Source: CGTN | 2018/12/12 7:59:05

China Eastern Airlines inaugurates Madrid-Xi'an route

China Eastern Airlines on Tuesday officially inaugurated its new route between the Spanish capital city of Madrid and the historic Chinese city of Xi'an.
Source: Xinhua | 2018/12/12 7:24:55

China won't close its doors for tech collaboration even after Huawei CFO' arrest: experts

China will pursue its own path in technology development by welcoming competition and further opening up its market, and will not shut its doors when facing external pressure, experts said.
Source: Global Times | 2018/12/11 22:27:24

Botswana looks to investment from China to develop economy

Editor's Note: Botswana is a landlocked country located in the southern African continent. In recent years, the country has been looking to China's investment to boost its social and economic development. Global Times reporter Xing Xiaojing (GT) talked to Reginald Selelo (Selelo), chief operating officer of the Botswana Investment and Trade Center (BITC), to discuss the potential of Chinese investment in Botswana. In 2017, bilateral trade reached $267 million. As of the end of 2017, Chinese companies had signed $10.16 billion worth of contracts in Botswana.
Source: Global Times | 2018/12/11 21:21:00

Market demand drives global port expansion

China's global expansion in the port sector is driven by global market demand, Chinese experts said on Tuesday after the inauguration of another major port invested by China in the United Arab Emirates (UAE).
Source: Global Times | 2018/12/11 21:20:54

Nation consults on rules for financial holding companies

China's central bank has started seeking internal feedback on draft rules regulating financial holding companies, targeting big-name conglomerates that hold multiple financial licenses, said two sources with direct knowledge of the matter.
Source: Reuters-Global Times | 2018/12/11 20:53:41

Huawei unit introduces smartphone model to Kenya

Chinese telecom firm Huawei Mobile Kenya on Monday introduced its latest smartphone, the Huawei Y5 Lite phone, to the Kenyan market.
Source: Xinhua-Global Times | 2018/12/11 20:53:41

Henan vows to further open auto, aircraft sectors to foreign investors

Central China's Henan Province, the country's fifth-biggest province by economic output, has pledged to open up its markets further to foreign investors, easing investment curbs on its automobile and aircraft industries and loosening rules on employment of foreigners.
Source: Reuters-Global Times | 2018/12/11 20:53:40