BUSINESS >> Companies

Ready for export

A worker processes silk that will be exported to foreign countries at a factory in Haian county, East China's Jiangsu Province on Tuesday. The employees at the factory have been rushing to finish silk products in recent days so that they can be exported before the Spring Festival holidays. The silk plant is also part of the local government's efforts to use industry to reduce poverty and raise incomes for local people. Photo: VCG
Source: VCG | 2018/2/6 22:03:40

Regulator approves launch of hog futures, says exchange

China's securities regulator has approved plans for a long-awaited live hog futures contract, taking the Dalian Commodity Exchange a step closer to launching a product that will allow farmers in the world's top pork market to hedge livestock costs.
Source: Reuters-Global Times | 2018/2/6 21:58:40

Cambodia could use yuan in bilateral trade

Cambodia is considering a proposal by China to use the yuan instead of the US dollar for bilateral trade, a spokesperson for Cambodia's commerce ministry said on Tuesday, a move that experts said is the latest sign of strengthening ties between the two countries and the accelerated pace of the internationalization of the yuan.
Source: Reuters-Global Times | 2018/2/6 21:58:39

Loan of $240m for Kenya railway

With money from a Chinese company, Kenya has agreed to a $240 million loan to electrify its standard gauge railway, which will help improve the line to compete with those being built in Tanzania and Ethiopia, Kenyan news site Business Daily reported on Tuesday.
Source: Xinhua-Global Times | 2018/2/6 21:33:40

South African, UnionPay agreement

Standard Bank signed an agreement with UnionPay International on Monday in Johannesburg to accept UnionPay cards in multiple African markets.
Source: Xinhua-Global Times | 2018/2/6 21:33:39

Wanda sells 12.8% stake in Wanda Film

Chinese conglomerate Dalian Wanda Group will sell a 12.77 percent stake worth 7.79 billion yuan ($1.2 billion) in Wanda Film, as part of the company's move to an asset-light strategy, according to a statement released on Monday.
Source: Global Times | 2018/2/6 21:23:40

HondaJet certification

HondaJet hopes its jet will receive certification in China by the end of 2018, earlier than originally forecast, Michimasa Fujino, CEO of the aircraft unit of Honda Motor Co, said on Tuesday.
Source: Reuters-Global Times | 2018/2/6 21:13:40

Google opens 3rd China office in Shenzhen to promote hardware

Google's new office in Shenzhen, South China's Guangdong Province, is intended to foster the US search engine's hardware development, a senior company executive said on Tuesday.
Source: Global Times | 2018/2/6 21:13:40

Apple to build another data center in China

Apple Inc., the United States tech giant, will build a data center in Ulanqab City in north China's Inner Mongolia Autonomous Region, after its first data center in southwestern Guizhou Province, the local government has announced.
Source: Xinhua | 2018/2/6 20:38:39

Chinese New Year at Swissôtel Beijing

Chinese New Year is just around the corner, and Swissôtel Beijing's executive chef and his culinary team have prepared a Chinese New Year buffet for guests featuring roast duck, sweet and sour pork, steak, prawns and a wide selection of holiday desserts.
Source: Global Times | 2018/2/6 17:53:39

Valentine's Day at The Ritz-Carlton Beijing, Financial Street

Valentine's Day is approaching, and The Ritz-Carlton Beijing, Financial Street proudly presents an array of romantic experiences to fulfill all your expectations.
Source: Global Times | 2018/2/6 17:48:39

Chinese O2O home improvement firm SSLJ.com debuts on Nasdaq

Chinese vertically integrated online-to-offline (O2O) home improvement service and product providers SSLJ.com Limited on Monday rang the Nasdaq Stock Market opening bell in celebration of its Initial Public Offerings (IPO), notching the first Nasdaq IPO of a Chinese company this year.
Source: Xinhua | 2018/2/6 9:22:17

Listed firms' dividends praised

A number of listed Chinese firms were praised on Monday by the Shanghai Stock Exchange for yielding “long-term high dividends” for their investors, news website sina.com reported.
Source: Global Times | 2018/2/5 22:28:40

Playing a part

A woman wears cosplay at an animation show over the weekend. The two-day show, held at the China National Convention Center in Beijing, attracted tens of thousands of anime fans from around the country. The number of anime fans in China has been expanding rapidly in recent years, driving up revenues for the animation sector. In 2017, the number of anime lovers is expected to have reached 300 million, providing estimated industry revenue of 150 billion yuan ($23.88 billion). Photo: VCG
Source: VCG | 2018/2/5 22:28:40

China, Hungary to boost ties

China and Hungary pledged to expand cooperation and strengthen bilateral ties, as Chinese Vice Premier Liu Yandong met with Hungarian Deputy Prime Minister Zsolt Semjen and Deputy Speaker of the Hungarian Parliament Janos Latorcai in Beijing on Monday.
Source: Xinhua | 2018/2/5 22:28:39

China to review anti-dumping duties on EU potato starch following local concerns

China will review anti-dumping duties levied on potato starch imported from the EU, which are due to expire on Tuesday, the Ministry of Commerce (MOFCOM) announced on Monday.
Source: Agencies – Global Times | 2018/2/5 22:23:40

China offers better model for LatAm

China is taking a mutually beneficial approach to economic cooperation with Latin America and the Caribbean, while the US is seeking to preserve its dominant position in the region under its protectionist “America First” strategy, two Chinese experts said on Monday.
Source: Global Times | 2018/2/5 22:18:39

Foreign carmakers eye China's NEV sector

More foreign carmakers are starting to show an appetite for China's growing new-energy vehicle (NEV) market, but experts warned that their expansion in this segment may face a bumpy road as the sector's growth is strongly influenced by government policies such as subsidies.
Source: Global Times | 2018/2/5 22:03:40