BUSINESS >> Companies

Peak Sport launches new smart sneaker TAICHI

Peak Sport's yearly product launch was held in Beijing on December 5. Peak is presenting a brand new smart sneaker to the market. The PEAK TAICHI features a "self-adaption function" and is jointly produced by Peak Sport and domestic intelligent polymer materials experts. The new technology enables the sneaker to adjust its function to meet the needs of the person wearing it and provides an entirely original user experience.
Source: Global Times | 2018/12/7 16:43:40

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion US dollars will be invested in meeting the demand for new commercial airplanes, US top aircraft manufacturer Boeing Company (Boeing) said Thursday.
Source: Xinhua | 2018/12/7 8:14:39

China urges release of Huawei executive

Chinese officials are urging the US and Canada to clarify why Meng Wanzhou, a senior executive of Huawei Technologies, has been detained and to immediately release her, slamming the arrest as a violation of her rights.
Source: Global Times | 2018/12/6 22:58:43

EU foreign investment screening plan shows double standards, harms own interests: experts

Europe is backpedalling on its commitment to an open market and the potential restriction of Chinese investment could harm, instead of protecting, the strategic interests of the bloc, Chinese experts said on Thursday.
Source: Global Times | 2018/12/6 22:58:42

China surpasses South Korea to become largest chip equipment market

China has become the world's largest semiconductor equipment market thanks to continuous, intensive investment in the sector.
Source: Global Times | 2018/12/6 22:53:42

China's Xiaomi takes lead in showcasing first 5G model

Xiaomi showcased the first fifth-generation (5G) version of its flagship smartphone – Mi MIX 3 – on Thursday, becoming the first domestic vendor to do so.
Source: Global Times | 2018/12/6 22:48:47

Malaysia aims to be a regional transshipment hub

Malaysian Transport Minister Anthony Loke Siew Fook said on Thursday that Malaysia seeks to become China's transshipment hub for the Association of Southeast Asian Nations (ASEAN).
Source: Xinhua | 2018/12/6 22:48:47

Tesla opens tender for Chinese Gigafactory

Tesla Inc has opened a tender for the construction of its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
Source: Reuters | 2018/12/6 22:48:46

Apple speaker release

Apple Inc said Wednesday that it will offer its HomePod wireless speaker to Chinese customers for the first time in early 2019, less than one year after the smart device was launched in the US and Canada.
Source: Global Times - Xinhua | 2018/12/6 22:48:45

Cross-border fraud

Chinese police have detained 132 suspects for allegedly committing more than 2,000 cases of cross-border medical fraud in nationwide raids since April, the Ministry of Public Security announced Thursday.
Source: Global Times - Xinhua | 2018/12/6 22:48:44

New model releases

Electric vehicle (EV) start-up Aiways Technology Co announced its first mass-produced model U5 on November 30 in Shanghai, where the company is based.
Source: Global Times | 2018/12/6 21:08:42

Nissan brand Infiniti global sales rise 6% on firm China growth

Global sales of Nissan Motor Co Infiniti rose 6 percent in November from a year earlier, as the premium brand weathered a deepening market slowdown in China to post strong growth, an Infiniti statement showed.
Source: Reuters - Global Times | 2018/12/6 20:59:04

Artistic metro station

People walk past the new National Art Museum of China metro station on Beijing's Subway Line 8, which will be open to the public before the end of the year. Construction of the subway station began in 2011, but took longer than expected due to demolition issues and complications with existing underground utilities. Photo: VCG
Source: VCG | 2018/12/6 20:21:53

More international air routes for Sanya

The coastal city of Sanya in South China's island province of Hainan plans to open 15 more international flight routes in 2019, the city government said on Thursday.
Source: Xinhua | 2018/12/6 20:18:44

PBC injects funds into market via MLF

China's central bank on Thursday injected 187.5 billion yuan ($27.33 billion) into the market via the medium-term lending facility (MLF) to maintain liquidity.
Source: Xinhua | 2018/12/6 20:18:43

Students trained in Chinese colleges essential to Nepal's development: minister

Nepali students who have studied in China become capable people who can highly contribute to the country's vision of “Prosperous Nepal, Happy Nepali,” Nepal's Minister for Education, Science and Technology Giriraj Mani Pokharel said on Wednesday.
Source: Xinhua | 2018/12/6 20:18:42

Etihad discusses rescue deal for India's Jet Airways

Abu Dhabi-based Etihad Airways, the second-largest shareholder of Jet Airways Ltd, is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter told Reuters.
Source: Reuters | 2018/12/6 18:44:35

Yuan unlikely to break beyond 7:1 against US dollar

The yuan is unlikely to break beyond seven against the US dollar by the end of this year, despite previous market worries over its depreciation in the Chinese currency, an economics expert said Thursday.
Source: Global Times | 2018/12/6 18:38:39