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S&P Global enters China's bond credit rating market ahead of trade talks

S&P Global, a US-based rating agency, has been allowed to conduct local credit rating business via its wholly owned unit in the domestic market, the central bank announced on Monday, a milestone in China's financial market opening-up.
Source: Global Times | 2019/1/28 22:33:39

China's GDP figure reveals weak links

A deeper reading of China's 2018 GDP figure, the lowest in 28 years, has revealed weak links that demand more government efforts as the Chinese economy transforms from quantity-led to quality-driven growth, analysts said on Monday.
Source: Global Times | 2019/1/28 21:28:39

A shares wobble as investors wait for moves by new securities regulator head

On the first trading day for the domestic securities market after the change of the head at the China Securities Regulatory Commission (CSRC), A-shares had an auspicious start in the morning session but fell slightly in the afternoon.
Source: Global Times | 2019/1/28 20:18:39

WeChat clarifies its Mini Program update won't challenge Apple business

Tencent WeChat's mini program push is likely to challenge Apple's business in the long term, experts and industry insiders said, as WeChat continues to improve the user experience of its mini programs via constant updates.
Source: Global Times | 2019/1/28 20:11:35

Didi forms research JV with BAIC

Didi Chuxing will establish a joint venture with Beijing Automotive Industry Holding Corp (BAIC) to research the new-energy vehicle (NEV) business and artificial intelligence (AI), according to a report by domestic media on Monday.
Source: Global Times | 2019/1/28 19:53:39

CFLD sees comprehensive sales growth

China Fortune Land Development Co, Ltd (CFLD) issued a business brief on January 16, detailing that the overall contracted sales of CFLD totaled 163.47 billion yuan ($24.25 billion), and the sales performance maintained a steady growth.
Source: Global Times | 2019/1/28 16:38:39

China promotes commerce chamber's role in resolving private economic disputes

China is encouraging its chambers of commerce to play a bigger role in resolving economic disputes in the private sector in a bid to promote healthy development.
Source: Xinhua | 2019/1/28 9:11:55

China-Australia trade growth slows as bilateral political discord takes bite

The growth of Australia's trade with China shrank by more than two-thirds in 2018 amid strained political ties, and analysts said on Sunday it remains to be seen how bilateral trade will perform in 2019.
Source: Global Times | 2019/1/27 20:36:53

China's domestic phone brands gearing up for 5G era

China's top mobile manufacturers are expected to accelerate their race to launch 5G smartphones in 2019, but those who get new products out first will not necessarily prevail in the market in the end, according to analysts.
Source: Global Times | 2019/1/27 20:28:39

Holiday preparations

Rural residents in Fengjia township, East China's Shandong Province crowd around dozens of street vendors who are selling goods for the upcoming Spring Festival. China's Lunar New Year, also the Year of the Pig, will fall on February 5. Photo: VCG
Source: VCG | 2019/1/27 19:48:39

ABB to be Shanghai's next key project after Tesla as local government pushes forward investment plan

Many more overseas companies will follow in the steps of Tesla to set up plants in Shanghai once they see how the US carmaker benefits from the city's policy bonus, as the Shanghai municipal government opens markets to overseas investors with the continuous launch of new policies, experts said on Sunday.
Source: Global Times | 2019/1/27 19:31:51

China's former securities regulatory head Liu Shiyu moves to farm supply cooperative group

Liu Shiyu, the former head of the China Securities Regulatory Commission (CSRC), who was replaced by the former governor of Industrial and Commercial Bank of China Yi Huiman on Saturday, will serve as the deputy Party secretary of the All-China Federation of Supply and Marketing Cooperatives (ACFSMC).
Source: Global Times | 2019/1/27 18:08:39

Chinese venture capital could play key role in driving growth of Russia's capital-thirsty AI start-ups

When artificial intelligence (AI) proceeds to actual application, China and Russia will benefit from their engineers, entrepreneurs as well as the foreign and vast domestic market. China could therefore leapfrog the US as the world's AI leader, said a top Russian AI expert.
Source: Global Times | 2019/1/27 14:48:39

iPhone Q4 shipments plunge in China amid competition, patent battle

Apple's iPhone shipments in China plunged 22 percent in the final quarter of 2018 as the U.S.-based tech giant struggles in the world's largest smartphone market.
Source: Xinhua | 2019/1/27 12:20:59

China says not fair to erect barriers against enterprises based on speculation

The Chinese Mission to the European Union (EU) said Friday that setting up barriers against certain companies based on speculation is unfair and defies basic global trade rules.
Source: Xinhua | 2019/1/26 19:39:14

China sees fewer micro-credit firms

China continued to see fewer micro-credit firms last year amid tightening regulations on malpractice in the sector, data showed Friday.
Source: Xinhua | 2019/1/25 22:24:17

Ten Chinese SOEs selected to strive for "global excellence" goals

China's state-owned enterprises (SOEs) regulator has selected 10 SOEs to be the pioneers striving for goals of becoming top-ranking companies globally.
Source: Xinhua | 2019/1/25 19:44:47

Microsoft acquires open-source startup to bolster cloud business

Microsoft said Thursday that it has acquired open-source company Citus Data to bolster the competitiveness of its cloud computing business.
Source: Xinhua | 2019/1/25 11:34:01