BUSINESS >> Companies

Domestic bike-sharing industry rebuilds after bubble bursts: analysts

Bike-sharing companies are raising their rates as they face decreasing profit margins, but experts said the industry is at present the best way to solve the last-mile problem for commuters.
Source: Global Times | 2019/6/3 20:48:40

China's logistics sector beefs up business amid rising trade row with US

China's logistics industry has kept expanding, and it needs to improve and extend its global footprint faster to meet domestic companies' operating capability, especially in light of the escalating trade war with the US, analysts said.
Source: Global Times | 2019/6/3 20:43:40

Huawei sells undersea telecom cable business to alleviate security concerns

Chinese telecom company Huawei is planning to sell 51 percent of its undersea telecom cable subsidiary, a move that one expert said shows Huawei's inclination to alleviate some countries' security concerns about Huawei's involvement in the sector.
Source: Global Times | 2019/6/3 20:38:40

China's early release of 5G licenses to put it ahead in global competition

China will release 5G business licenses to its three major telecom carriers soon, the country's Ministry of Industry and Information Technology (MIIT) said Monday.
Source: Global Times | 2019/6/3 19:53:39

China extends support to pig breeding farms amid outbreak of African swine fever

China Monday announced measures to extend credit support and provide short-term interest subsidies to pig breeding farms, a move that aims to stabilize pork production and ensure supply in the market amid the breakout of African swine fever (ASF).
Source: Global Times | 2019/6/3 19:33:39

Huawei sells undersea telecom cable business

Chinese telecom company Huawei is planning to sell 51 percent of its undersea telecom cable subsidiary, a move that one expert said shows Huawei's inclination to alleviate some countries' security concerns about Huawei's involvement in the sector.
Source: Global Times | 2019/6/3 16:53:40

China to release 5G licenses shortly, triggering a new round of tech revolution

China will release 5G business licenses to its three major telecom carriers shortly, a move experts say will catapult the country into a serious 5G industrial revolution, the Ministry of Industry and Information Technology (MIIT) said Monday.
Source: Global Times | 2019/6/3 15:01:20

IEEE lifts restrictions on Huawei staff marking a dramatic turnaround amid US-led tech war

A major science publisher lifted a restriction on Monday morning on Huawei employees, who were earlier banned from reviewing papers due to US sanctions on the Chinese company.
Source: GlobalTimes | 2019/6/3 11:58:16

FedEx urged to take responsible approach

FedEx's latest statement failed to persuade industry representatives and many Chinese netizens due to the lack of details explaining why it diverted some parcels sent by Huawei. Not taking the Chinese market as an important one could also explain the US delivery firm's dishonest attitude toward the matter, analysts said.
Source: Global Times | 2019/6/2 22:48:40

Powerful model

The NIO EP9, an electric-powered, two-seat sports car manufactured by Chinese electric vehicle start-up Nio Inc, was unveiled at the 23rd Shenzhen-Hong Kong-Macao International Auto Show held in Shenzhen, South China's Guangdong Province on Saturday. Many carmakers including Shenzhen-based Denza and Lexus, a subsidiary of Toyota, brought their latest models to the show and attracted many attendees. Photo: IC
Source: IC | 2019/6/2 20:53:39

Entities on China's 'unreliable list' to face legal, administrative punishments

Any entities on China's proposed unreliable entity list will be subject to necessary legal and administrative measures in the country, officials of the Ministry of Commerce (MOFCOM) said on Saturday.
Source: Global Times | 2019/6/2 20:43:40

China ready to whittle down US soybean imports

China is capable of ensuring agricultural product supply in its domestic market while seeking replacements for US imports amid the escalating trade war. American farmers will eventually pay the price for Washington's unilateral act of raising tariffs on Chinese goods, industry representatives said.
Source: Global Times | 2019/6/2 20:23:40

Consumption power reflects China's resilience: experts

Chinese brands saw sales surge on major e-commerce platforms on Saturday, the opening day of the country's mid-year shopping festival.
Source: Global Times | 2019/6/2 19:53:40

Google could face federal anti-trust investigation: report

US internet giant Google could soon face an antitrust probe by the US Department of Justice (DoJ) for its search service and other businesses, US media reported Saturday.
Source: Xinhua | 2019/6/2 17:38:10

Chinese smartphone maker Xiaomi opens first store in Brazil

Chinese electronics maker Xiaomi opened its first store in Brazil on Saturday, drawing thousands of fans, some of whom camped outside as early as Thursday for a chance to be among the first to acquire one of the brand's newest smartphones.
Source: Xinhua | 2019/6/2 14:00:45

BMW to recall 319,045 vehicles in China

BMW will recall 319,045 vehicles in the Chinese market due to defective PCV valve heaters, according to China's market regulator.
Source: Xinhua | 2019/6/2 11:11:33

Mercedes-Benz recalls vehicles in China over tyre problem

German carmaker Mercedes-Benz will recall 44,900 automobiles in China due to a tyre problem, according to China's market regulator.
Source: Xinhua | 2019/6/1 23:22:40

China to press ahead with promised countermeasures

China's Ministry of Commerce announced on May 31 that China will establish a list of unreliable entities according to Chinese laws. Foreign enterprises, organizations and individuals that do not comply with market regulations, or violate the spirit of contract, block or cut supplies to Chinese firms for non-commercial reasons, and which seriously damage the legitimate rights and interests of Chinese enterprises, will be added to the list. Specific measures will be announced in the near future.
Source: chinaplus | 2019/6/1 16:27:56