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Chengdu-Cairo air route

Sichuan Airlines will open a direct air route linking Chengdu, capital of Southwest China's Sichuan Province, and Egypt's capital Cairo on October 23, the airline said Sunday.
Source: Global Times - Xinhua | 2018/10/8 21:58:40

Haier's European deal

Chinese home appliance maker Qingdao Haier Co will invest 475 million euros ($545.06 million) in Italy-based Candy Group to further accelerate its growth in the European market, according to a statement over the weekend.
Source: Global Times - Xinhua | 2018/10/8 21:58:39

China to raise export rebate rate of some goods to 16% amid trade war

China's export rebate rate for some goods will be raised to 16 percent from the current levels of 15 percent and 13 percent effective November 1, China National Radio reported on Monday, citing a meeting of the State Council, the country's cabinet.
Source: Global Times | 2018/10/8 21:08:40

Unemployment in California city declines sharply thanks to BYD's auto factory

The unemployment rate of Lancaster, California has fallen from 24 percent to 4 percent since construction of a factory for Chinese electric vehicle maker BYD started there in 2013, said Lancaster Mayor R. Rex Parris Saturday.
Source: Global Times | 2018/10/8 21:08:39

Swiss Incubator kicked off in Tianjin

The Swiss Incubator, a platform dedicated to high-tech startups which was initiated by the Embassy of Switzerland in China, drew a successful conclusion on September 19 on the sideline of the World Economic Forum's 12th Annual Meeting of the New Champions in Tianjin (WEF Tianjin).
Source: Global Times | 2018/10/8 19:28:39

AccorHotels launches 'Give a Tree' campaign

Following the successful implementation in France, Romania, Senegal, Indonesia and Peru, AccorHotels announced the "Give a Tree" campaign will commence in the Greater China region.
Source: Global Times | 2018/10/8 19:23:39

Chinese AI start-up CloudWalk gets new funding

Chinese artificial intelligence (AI) start-up CloudWalk has closed its fourth financing round on Monday to bring its total funding to 3.5 billion yuan ($507 million), the company said in a statement sent to the Global Times on Monday.
Source: Global Times | 2018/10/8 18:38:39

SpaceX launches satellite, recovers rocket on land

US private spaceflight company SpaceX launched an Argentine Earth-observing satellite on a Falcon 9 rocket from Vandenberg Air Force Base in California on Sunday.
Source: Xinhua | 2018/10/8 12:58:19

CPEC to boost province

Pakistani Prime Minister Imran Khan said on Saturday that the country's southwest Balochistan province will be given more than its due share in the China-Pakistan Economic Corridor (CPEC).
Source: Xinhua | 2018/10/7 21:13:40

FAW recalls SUVs

China FAW Group Co, a State-owned automaker based in Northeast China's Jilin Province, is recalling 110,912 sport utility vehicles (SUVs) due to an engine defect. The recall affects the Besturn X40 SUVs manufactured between September 26, 2016 and August 31 this year, according to a statement from the State Administration of Market Regulation (SAMR).
Source: Xinhua | 2018/10/7 21:13:40

Chongqing shale output exceeds 20bcm as development picks up

China's first large-scale shale gas field saw its aggregate output surpass 20 billion cubic meters (bcm) of the unconventional gas as of Saturday, China Media Group (CMG) reported on Sunday.
Source: Global Times | 2018/10/7 21:13:40

China's outbound investment ranks No.2 worldwide

China's cumulative outbound direct investment (ODI) exceeded $1.8 trillion as of the end of 2017, moving up to second place in the world rankings, according to an official report.
Source: Xinhua | 2018/10/7 21:13:40

From boomtown to crackdown: media firms flee Horgos

Domestic film and TV enterprises that have benefited from tax exemption and reduction policies in Horgos, Northwest China's Xinjiang Uyghur Autonomous Region, have fled the city in the wake of a tax evasion scandal involving one of the country's most known movie stars, which resulted in hundreds of millions of dollars in fines.
Source: Global Times | 2018/10/7 21:13:39

B20 summit report one-sided: Chinese business representatives

The policy proposal report of the B20 summit, which one-sidedly identifies “addressing State-related competitive distortions” as a priority for the upcoming G20 summit, has ignored Chinese business circles' demands and concerns and is a distortion of the summit's true purpose and consensus principle, Chinese business representatives said.
Source: Global Times | 2018/10/7 21:08:40

US' widening trade deficit with China shows Trump's trade policy backfiring

US President Donald Trump's trade policy has backfired, as the country's trade deficit in goods with China in August jumped to a all-time high amid tumbling soybean exports and a halt in crude oil shipments to China.
Source: Global Times | 2018/10/7 21:08:39

Kunming-Dubai cargo flight starts

The Chinese carrier Uni-top Airlines is planning to operate a Boeing 747 freighter flight between Kunming, the capital of Southwest China's Yunnan Province, and Dubai, the business metropolis of the United Arab Emirates (UAE), the Chinese airline said in a statement on Sunday.
Source: Xinhua-Global Times | 2018/10/7 20:03:40

Chinese companies fulfill CSR mandate in B&R countries: report

With helping to drive Kenya's economic growth, China Communications Construction Company (CCCC) has also effectively fulfilled its corporate social responsibility (CSR) mandate by training talents and protecting local employees' right, a new report shows.
Source: Global Times | 2018/10/7 17:23:39

Centrally administered SOEs more lean: report

China's centrally administered State-owned enterprises (SOEs) posted an average debt-to-asset ratio of 66.2 percent as of July, down 0.3 percentage points year-on-year, the Xinhua News Agency reported on Tuesday.
Source: Global Times | 2018/10/7 11:38:40