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China's cultural watchdog suspends homemade gaming product registration: report

China's Ministry of Culture and Tourism has halted the registration of domestically-developed gaming products following an institutional restructuring plan of the State Council, China's cabinet, media reported on Thursday.
Source: Global Times | 2018/6/7 14:18:39

GM accelerates new energy vehicle expansion in China

World's leading auto maker General Motors Co.(GM) will introduce 20 new electrified vehicles into Chinese market by 2023, according to a statement on its official website Wednesday.
Source: Xinhua | 2018/6/7 9:51:59

Douyin, Sogou told to eliminate illegal ads that insult heroic deeds and spirits

Douyin, a Chinese popular short video app under Toutiao, and Chinese search engine Sogou were ordered on Wednesday to immediately take down illegal advertisements and carry out serious rectification.
Source: Global Times | 2018/6/6 22:38:41

Chinese solar industry leaders urge caution on subsidies

A joint open letter from 11 Chinese photovoltaic (PV) industry leaders has said that they “strongly recommend” the government shouldn't be too rigid about cutting subsidies and curbing the scale of distributed PV, because overly aggressive reform would deal “a heavy blow to the whole industry,” media reports said on Wednesday.
Source: Global Times | 2018/6/6 22:18:41

Train gain

A view of cargo containers shipped by China-Europe freight trains at a customs inspection center in Qingbaijiang district in Chengdu, capital of Southwest China's Sichuan Province on Tuesday. The train now connects Chengdu with 14 cities in countries and regions along the routes of the China-proposed Belt and Road initiative. In 2017, a total of 1,012 trains ran along the route, bringing a total trade volume of $4 billion. Photo: IC
Source: IC | 2018/6/6 21:58:40

Asset rules issued

The Ministry of Finance, along with two other government departments, issued a joint notice on Wednesday noting that government assets must be properly checked, transferred and received in national institutional reforms.
Source: Global Times - Xinhua | 2018/6/6 21:53:40

Listed firms' profits up

Listed companies in China reported higher profits in the first half of 2018 on booming industry growth, the China Securities Journal reported.
Source: Global Times - Xinhua | 2018/6/6 21:53:40

China mulls credit card rules

China's Supreme Court on Wednesday released a draft statute that seeks to overhaul various aspects of the country's regulations for the credit card market, amid rising use of credit cards and increasing cases of fraud and disputes.
Source: Global Times | 2018/6/6 21:48:41

Henan to increase soybean production

Central China's Henan Province, a well-known agricultural province, will actively boost the production of soybeans this year by expanding the planting area by 500,000 mu (33,333 hectares), local media reports said on Wednesday.
Source: Global Times | 2018/6/6 21:48:41

Further progress in risk crackdown as trust firms' assets fall

Regulators in China are making further progress in reducing risks to the financial system, according to fresh figures on Wednesday that showed a drop in assets in the trust industry, which is often linked with shadow banking.
Source: Reuters-Global Times | 2018/6/6 21:48:40

Oil exploration in Iraq

China's Geo-Jade Petroleum Corp and United Energy Group (UEG) have signed agreements with the Iraqi oil ministry to explore three oil and gas fields in the country, the Xinhua News Agency reported on Tuesday.
Source: Agencies | 2018/6/6 21:43:42

Kinetic acquires Elliquence

Shanghai Kinetic Medical Co announced on Monday that it plans to take over US medical technology company Elliquence LLC for $77.15 billion, according to a filing on the website of the Shenzhen Stock Exchange.
Source: Agencies | 2018/6/6 21:43:42

Alibaba's Cainiao JV to invest in HK as part of global expansion

Alibaba Group Holding's logistics affiliate said on Wednesday that it would lead a joint venture to invest $1.53 billion in a new logistics center at Hong Kong's airport as part of its efforts to expand its global delivery network.
Source: Reuters-Global Times | 2018/6/6 21:43:41

Farm produce prices climb

China's farm produce prices continued to climb in the week ended Sunday due to recovering pork prices, according to data released by the Ministry of Commerce on Wednesday.
Source: Agencies | 2018/6/6 21:38:41

PICC gets approval for IPO

The China Securities Regulatory Commission has approved a proposed IPO by the People's Insurance Co (Group) of China (PICC).
Source: Agencies | 2018/6/6 21:38:40

Female players pushing rapid growth in gaming

The rising number of female video game players in China is set to boost growth in the industry in the next few years.
Source: Global Times | 2018/6/6 21:18:40

Huawei denies storing Facebook data

Huawei on Wednesday said it has never stored any Facebook user data after Facebook reportedly said that it has data-sharing partnerships with four Chinese companies, including Huawei, Lenovo, OPPO and TCL.
Source: Global Times | 2018/6/6 19:43:40

Electronic sports industry makes leaps and bounds

On the morning of May 30, China Cyber Game Summit was hosted at the China National Conference Center, Beijing. As a grand occasion and a benchmark of significance in China's electronic sports industry, the theme of this year's summit was “new electronic sports, new sports and new IP.”
Source: Global Times | 2018/6/6 19:03:40