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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

US cargo ship Peak Pegasus rushes to Beiliang port before soybean tariffs take effect

Peak Pegasus, a vessel carrying tons of soybeans from the US which reportedly rushed to head to Chinese port on July 6 hoping to clear customs before China slapped retaliatory tariffs on US imports, has officially entered Dalian's Beiliang port to offload cargos, a port employee told the Global Times on Sunday.
Source: Global Times | 2018/8/12 12:13:39

40 pct of young Chinese entrepreneurs are female: report

About 40 percent of young Chinese entrepreneurs are female, according to a report released recently.
Source: Xinhua | 2018/8/12 10:18:27

Chinese firms see more revenue from projects along Belt and Road

The combined revenue of Chinese companies from contracted engineering projects in countries along the Belt and Road (B&R) rose 17.8 percent in the first half of 2018, data from the Ministry of Commerce showed.
Source: Xinhua | 2018/8/11 18:13:04

Facebook takes steps to make fake accounts more difficult to run on platform

The world's largest social media network Facebook Friday took measures to make it more difficult to run fake or compromised accounts on its platform as it demanded authorization from its users who have a large number of followers in the United States.
Source: Xinhua | 2018/8/11 7:00:54

Malaysian mobile telecommunications firm partners Huawei in cloud business

Malaysian mobile telecommunications company Celcom Axiata Bhd has inked an agreement with Huawei Technologies (Malaysia) Sdn. Bhd. to apply the Cloud based Digitized Operation Platform, a Software-as-a-service solution in cloud business.
Source: Xinhua | 2018/8/10 17:44:11

Japanese vehicle makers Suzuki, Mazda, Yamaha admit to flawed inspections

Three major Japanese makers apologized Thursday for conducting improper inspections of new vehicles, dealing another blow to the reputation of the troubled Japanese manufacturing industry.
Source: Xinhua | 2018/8/10 6:20:22

Audi sales in China hit new record in July

German carmaker Audi AG announced on Thursday that its sales in the Chinese market reached new record in July, as well as in the first seven months.
Source: Xinhua | 2018/8/10 6:17:48

Facebook enforces stricter policy for addiction treatment ads

The world's largest social media network Facebook on Thursday announced a much stricter policy regarding ads for addiction treatment across all Facebook-owned platforms.
Source: Xinhua | 2018/8/10 5:59:53

Facebook accused in Britain of helping traffickers by not blocking ads aimed at refugees

Facebook was Thursday accused by a British law enforcement agency of allowing refugees to be tricked into unsafe situations by not blocking advertisements from human traffickers on its site.
Source: Xinhua | 2018/8/10 5:59:28

Samsung pledges $22 billion investment in new technology push

Samsung Group will invest 25 trillion won ($22 billion) over the next three years in artificial intelligence, 5G mobile technology, electronic components for autos and the biopharmaceutical business, Samsung Electronics said on Wednesday.
Source: Reuters-Global Times | 2018/8/10 0:03:41

Dada-JD Daojia fund

Dada-JD Daojia, a Chinese online grocery and delivery company, said on Thursday it has raised $500 million from Walmart Inc and Inc in its latest round of financing.
Source: Reuters | 2018/8/9 22:18:42

Geely to add UK facilities

Chinese carmaker Zhejiang Geely Holding Group Co is planning to increase production facilities and research centers for Lotus Cars in the UK, Bloomberg reported on Thursday, citing people familiar with the matter.
Source: Global Times | 2018/8/9 22:18:42

Chinese solar deal falls victim to US panel review

A Chinese solar company has become the latest victim of increased scrutiny from US officials regarding Chinese investments, as the company was forced to drop its plan to purchase several US power stations.
Source: Global Times | 2018/8/9 21:43:43