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Shanghai aims to be global financial center by 2020

China announced an action plan on Tuesday in a bid to transform Shanghai into an international financial center by 2020.
Source: Global Times | 2019/1/22 22:18:41

France urged to clarify attitude about Huawei

France should clarify its attitude toward Huawei, since being unclear will not only increase the cost but also delay the pace of building the 5G network in the country, analysts said.
Source: Global Times | 2019/1/22 22:18:40

India, China to boost agricultural deals

India and China are jointly ramping up efforts to trade more farm products from tobacco to rapeseed meal, which analysts said can be an effective way to solve the trade gap between the two Asian economies.
Source: Global Times | 2019/1/22 22:13:40

Foxconn aims to recruit 50,000 employees

Foxconn said on Tuesday that it is still looking to fill more than 50,000 job vacancies in the Chinese mainland in the first quarter of this year.
Source: Global Times | 2019/1/22 21:22:04

Tesla gets battery quotes

Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory, but it had not signed any agreement with the Chinese company.
Source: Reuters | 2019/1/22 21:13:40

France's reported block of Huawei is "almost a scandal"

France's reported intention to block out Chinese telecommunications giant Huawei, by empowering its security and defence watchdogs is "almost a scandal" and "very unfair", a domestic economist told the Global Times on Tuesday.
Source: Global Times | 2019/1/22 16:28:39

CFLD sees comprehensive sales growth

China Fortune Land Development Co, Ltd (CFLD) issued a business brief on Wednesday, detailing that the overall contracted sales of CFLD totaled 163.47 billion yuan, and the performance maintained a steady growth.
Source: Global Times | 2019/1/22 16:08:39

Chinese giant inks 445-mln-USD deal with Algeria's Sonatrach

China Harbor Engineering Company (CHEC) signed on Monday in Algiers a contract worth 445 million US dollars with state-owned corporation Sonatrach for port installations in eastern Algeria, APS news agency reported.
Source: Xinhua | 2019/1/22 8:17:03

International hotel groups accelerate expansion in China

China's domestic hospitality industry has seen a consistent growth and rising consumption in recent years, providing international five-star hotels the opportunities for further expansion in the Chinese market.
Source: Global Times | 2019/1/21 16:58:39

Pinduoduo denies rumors that program bug costs company $2.95 billion

Chinese social e-commerce platform Pinduoduo denied on Sunday a market rumor that a program bug had caused the company to lose 20 billion yuan ($2.95 billion).
Source: Global Times | 2019/1/20 22:34:19

Colombo Port City to serve as BRI template

As the China-invested Colombo Port City project has completed its land reclamation, a milestone in the progress of the project, Chinese analysts said on Sunday that it is set to become a template for investment in South Asia under the Belt and Road initiative (BRI) if it develops smoothly.
Source: Global Times | 2019/1/20 22:18:41

New duty-free shops

Customers visit a duty-free shop that opened on Saturday in South China's Hainan Province. Two new duty-free shops opened on Saturday, one in the capital city of Haikou and another in Boao town of Qionghai City, have more than 38 categories such as perfume, cosmetics, bags and suitcases. The shops offer about 200 international brands such as Chanel, Dior and Gucci.
Source: VCG | 2019/1/20 21:08:39

Drone producer DJI investigates corruption that caused $150m loss

China's largest drone-maker DJI Technology Co has set up an internal investigation task force to look into corruption that caused the company to lose about 1 billion yuan ($150 million), DJI's PR director told the Global Times over the weekend.
Source: Global Times | 2019/1/20 18:43:39

Chinese firm helps build world's largest solar power complex in Morocco's desert

In the early morning of January, as the snow covering the Atlas Mountains in central Morocco remains unmelted, the Chinese staff of the NOOR Concentrated Solar Power (CSP) projects in Ouarzazate, a city south of the mountain range, have already started a day's work despite the freezing temperature.
Source: Xinhua | 2019/1/20 12:01:15

Chinese firm completes beam closure along China-Laos railway

A Chinese engineering company has completed the closing of the first cast-in-place continuous beam on Saturday.
Source: Xinhua | 2019/1/20 8:01:32

IBM kicks off new Shanghai office with R&D centers

U.S. high-tech firm International Business Machines (IBM) opened its new Shanghai office including research and development (R&D) centers and a client center on Thursday.
Source: Xinhua | 2019/1/18 23:24:31

Huawei's factory showcases technological might

The Huawei mobile phone you own has been assembled in just 28.5 seconds. High-end automation has led the world's second largest mobile device maker to leverage synergies in research and development (R&D) that empower its production lines in South China's Guangdong Province.
Source: Global Times | 2019/1/18 18:58:40

China's energy giant inks deal with leading British company for Bangladesh power plant

China's energy giant PowerChina signed an agreement and a contract with GCM Resources, a leading British resource exploration company, for development of a coal-fired power plant in Bangladesh's Dinajpur district, some 338 km northwest of the capital Dhaka.
Source: Xinhua | 2019/1/18 18:09:43