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PepsiCo supports Water Cellar for Mothers-Green Village program in China

The "Water Cellar for Mothers-Green Village" is an extension of the Water Cellar for Mothers project implemented by China Women's Development Foundation (CWDF), which will carry out projects to improve quality of drinking water in rural areas of China. The program was officially implemented in fourth quarter of 2018 and will continue for a period of eight years.
Source: Global Times | 2019/6/5 17:50:40

Changan Ford fined $23.6m for violating antitrust rules in China: report

Changan Ford, a joint venture between the US automaker Ford Motor Co and China's Changan Automobile, was fined by Chinese regulators for violating antitrust regulations, sparking a strong response from Chinese netizens in support of its decision.
Source: Global Times | 2019/6/5 13:42:44

China fines Changan Ford for vertical monopoly agreements

China's State Administration for Market Regulation announced Wednesday that it has imposed a fine of 162.8 million yuan (23.6 million US dollars) on automaker Changan Ford for implementing vertical monopoly agreements.
Source: Xinhua | 2019/6/5 11:53:40

China to make full use of rare-earth card in containing US: analysts

China's top economic regulator invited industry analysts to give clues about further strengthening rare-earth export controls, which, industry insiders said, is a major effort in making good use of the rare-earth card in containing the US amid an escalating trade war.
Source: Global Times | 2019/6/4 22:25:21

Tesla's new discount policy in Beijing draws concerns over legality on Chinese social media

Tesla announced on Tuesday that it has launched a three-year interest-free financing service for car purchasers in Beijing, while also allowing consumers in the capital to rent license plates for free for up to three years.
Source: Global Times | 2019/6/4 22:09:27

Huawei debate tests UK political integrity, independence

The UK has been carefully striving to strike a balance amid the China-US dispute and growing tension on the Huawei matter. With US President Donald Trump meeting with Prime Minister Theresa May on Tuesday to talk about so-called security risks caused by Huawei equipment over 5G networks, it is time to test Britain's integrity and independence in the face of superpower games.
Source: Global Times | 2019/6/4 22:03:40

Nothing fishy here

A man holds two crayfish at a village in Shanghai on Tuesday. Shen Yinxiao, 30, a demobilized soldier, started breeding crayfish in 2013. Now, his farm can produce 50,000 kilograms (50 tons??) of crayfish a year, bringing him revenue of 3 million yuan ($434,140). Photo: IC
Source: IC | 2019/6/4 19:28:40

UBS economist sees 70% chance of China-US deal during second half

There's about a 70 percent chance that China and the US will reach some kind of trade agreement in the second half of 2019, which will be a boost to stocks in the Chinese mainland, a Chinese economist said at a press conference on Tuesday.
Source: Global Times | 2019/6/4 19:28:40

New Apple products face backlash in China

Apple's latest hardware and software products are facing doubts among Chinese consumers because of weak innovation and poor design, which industry insiders said could worsen the company's sales woes in China amid an escalation of the China-US trade war. Huawei could benefit with its development of its proprietary operating system (OS) called Hongmeng.
Source: Global Times | 2019/6/4 19:23:40

Dubai offers huge untapped potential for online business

Dubai, a city that connects the East and West, has long been an attractive global retail destination. And with the help of e-commerce, the city now offers more advantages for international retailers.
Source: Global Times | 2019/6/4 17:53:40

Chinese blockchain entrepreneur aims to sway Buffett on cryptocurrency

Chinese blockchain entrepreneur Sun Yuchen, who won a charity auction for a lunch meeting with Berkshire Hathaway CEO Warren Buffett, told the Global Times that he hopes to update the billionaire on technological progress in the blockchain and cryptocurrency sectors and clear up some “misunderstandings” Buffett holds face to face.
Source: Global Times | 2019/6/4 17:24:51

Chinese blockchain entrepreneur aims to convince Warren Buffet on cryptocurrency at charity lunch

Chinese blockchain entrepreneur Sun Yuchen, who won a charity auction for a lunch with Berkshire Hathaway CEO Warren Buffett, told the Global Times that he hopes to update the billionaire on the technological progress in the blockchain and cryptocurrency world and clear up some "misunderstandings" Buffett has about the technology face to face.
Source: GlobalTimes | 2019/6/4 15:08:09

Boeing CEO hopes to return grounded 737 Max aircraft to service by year's end

Boeing CEO Dennis Muilenburg said Monday that the company is planning to return globally grounded 737 Max aircraft to commercial service by the end of this year, CNBC reported.
Source: Xinhua | 2019/6/4 9:54:39

China to reward honest residents with more convenient services

Those who keep their word in China might soon enjoy convenience in a variety of life conditions ranging from settling in cities, visiting public museums and art galleries to applying for patents and receiving employment services, as the Chinese government makes big strides in setting up a nationwide personal credit system.
Source: Global Times | 2019/6/3 21:31:16

Huawei heralds ambitions in auto industry

Huawei, the Chinese technology giant that has received much attention amid the ongoing China-US tech spat, has been in the spotlight again after reportedly establishing a smart-car solutions business unit that may help it realize its information and communication technology (ICT) layout in the future intelligent-car market.
Source: Global Times | 2019/6/3 21:30:46

China to boost market share of domestic baby formula

The Chinese government said on Monday that it would take measures to improve the quality of domestically made baby formula, dubbed by officials as a key product concern for country's future, as the country heavily relies on imports.
Source: Global Times | 2019/6/3 21:13:41

Purr-fect products

A woman takes photo with a Hello Kitty doll at the first convenience store jointly launched by Lawson and Hello Kitty in Shanghai over the weekend. The pink store has many Hello Kitty-featured products, such as cakes and walls decorated with Hello Kitty dolls, to meet fans' demand. Photo: IC
Source: IC | 2019/6/3 21:13:40

Forum an opportunity for Russia, China amid trade war

China and Russia stand a unique chance to boost their energy trade as well as total trade by adding natural gas as the second wheel on their energy cooperation wagon – in addition to oil – amid the escalating China-US trade war, Chinese analysts pointed out on Monday.
Source: Global Times | 2019/6/3 20:53:39