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Beijing builds self-driving car base

Beijing is expanding its lead in the development of China's self-driving technology with a plan to build a 200,000-square-meter testing ground for self-driving vehicles in its suburbs, the Beijing Daily reported.
Source: Xinhua | 2018/12/4 19:02:01

Chinese investment good for Africa's development

The current level of Chinese investment in Africa, especially in infrastructure development, is good for the continent to achieve economic and social transformation on the continent, an official from the African Development Bank (ADB) said.
Source: Xinhua | 2018/12/4 19:02:01

Tesla says media report on manufacturing Model Y in Shanghai already 'outdated'

US carmaker Tesla said that currently it is still focusing on manufacturing its Model 3, which it is planning to bring to Europe and China in early 2019.
Source: Global Times | 2018/12/4 18:56:25

Forex reforms attract global investors

China has maintained a steady pace in pushing foreign exchange (forex) reforms, enabling global investors wider access to one of the world's largest capital markets.
Source: Xinhua | 2018/12/4 18:56:25

Marriott's workers reach tentative deal to end strike in San Francisco

Marriott-affiliated hotel and hospitality workers in San Francisco reached a tentative agreement with the Marriott management to end a 61-day lengthy strike on Monday, organizers announced.
Source: Xinhua | 2018/12/4 8:37:50

China's Tencent Music launches US IPO

Tencent Music Entertainment, a leading online music platform in China, filed for an initial public offering (IPO) of up to 1.23 billion US dollars with the US Securities and Exchange Commission on Monday.
Source: Xinhua | 2018/12/4 8:25:14

PBC skips market ops

The People's Bank of China (PBC), the country's central bank, suspended open market operations on Monday, citing abundant liquidity in the banking system.
Source: Global Times - Xinhua | 2018/12/3 22:58:39

QFII quota edges up to $100.56b, SAFE says

At least 286 overseas institutions received quotas amounting to $100.56 billion at the end of November under China's Qualified Foreign Institutional Investors (QFII) program, up $300 million from the end of October, official figures showed.
Source: Xinhua | 2018/12/3 22:53:40

China revamps Argentina's rail infrastructure

Among the flagship cooperation projects between China and Argentina, one is aimed at revamping the South American country's obsolete cargo and passenger trains.
Source: Xinhua | 2018/12/3 22:48:40

Cars to UK

MG cars produced by SAIC Motor Corp wait to be exported to the UK at a port in Lianyungang, East China's Jiangsu province on Monday. Photo: IC
Source: IC | 2018/12/3 22:18:08

Auto shares surge after China-US trade truce, Trump tweet

Auto-related stocks in the A-share market surged on Monday after the consensus reached by the top leaders of China and the US during the G20 summit in Argentina, releasing a positive signal for exports of auto components and high-end auto imports, industry insiders told the Global Times.
Source: Global Times | 2018/12/3 22:03:39

AB InBev promotes traffic safety together with local governments

This year's National Traffic Safety Day was marked by Anheuser-Busch InBev (AB InBev) in collaboration with the Shanghai Public Security Bureau in Shanghai on Friday and with the Public Security Bureau of the Tibet Autonomous Region in Lhasa on Sunday. It aims to raise public awareness towards safer travel.
Source: Global Times | 2018/12/3 20:33:40

Healthy choices

An employee stands at the cash register in front of shelves stocked with more than 70 types of over-the-counter (OTCs) drugs and medical apparatus and instruments at a convenience store in Beijing's Chaoyang district on Monday. This is the first convenience store to start selling OTCs and other medical equipment in the capital since the municipal government published a rule in October authorizing convenience stores to sell them. Photo: IC
Source: IC | 2018/12/3 18:43:40

Henan promotes new energy vehicles

Authorities in Central China's Henan Province have ordered local bus and garbage truck operators to switch to wholly electric vehicles in the next few years.
Source: Xinhua | 2018/12/3 18:43:40

Dispute-solving mechanisms

A guideline released by China's securities watchdog and its top court over the weekend calls for legal methods to resolve securities and futures disputes in a just and efficient way.
Source: Xinhua | 2018/12/3 18:43:39

November factory activity ticks up: Caixin PMI

China's factory activity grew slightly in November, a private survey showed, underscoring the resilience of the Chinese economy amid a trade war with the US.
Source: Reuters-Global Times | 2018/12/3 18:38:40

Europe dominates as China's outbound investment destination

The focus for Chinese outbound investment has shifted from North America to Europe and Asia from 2017 to 2018, centering the manufacturing sector, according to a report released by Beijing-based think tank the Center for China and Globalization (CCG).
Source: Global Times | 2018/12/3 18:38:40

Banking association to boost consortium loans

Aggregate consortium loans provided by Chinese banks have reached a figure of 6.97 trillion yuan ($1 trillion) in the first half of 2018, up 8.87 percent from the end of last year, industry data shows.
Source: Xinhua | 2018/12/3 18:38:39