BUSINESS >> Companies

Corporate democratic management message misread as China vows to further boost private enterprise: State paper

State-owned enterprises (SOEs) and private firms are both vital drivers for China's economic growth, and the Chinese government will step up efforts to deepen reform to further boost private economy, said an editorial on Thursday.
Source: Global Times | 2018/9/27 13:33:40

COSCO opens Sarajevo office

China's COSCO Shipping Dragon Maritime Co officially inaugurated its branch office in Bosnia and Herzegovina's (BiH) capital Sarajevo on Tuesday, promising economic progress for the country.
Source: Xinhua | 2018/9/26 22:28:41

US-led economic partnership can't challenge China-proposed BRI: experts

An economic partnership sought by the US in the Indo-Pacific region will not be sustainable in the long run if it is exclusively for a small group and targeting China, since the region needs cooperation rather than battling infrastructure investment and construction, experts said.
Source: Global Times | 2018/9/26 22:28:40

Huawei moves to help Italy in 5G in a clear rebuttal to scrutiny in other Western countries

The launch of the first 5G base station in Italy, which featured Chinese telecom equipment producer Huawei's end-to-end (E2E) 5G equipment, marked a milestone in 5G cooperation between China and Europe.
Source: Global Times | 2018/9/26 22:23:40

Airlines cut China-US flights amid trade tensions

At lease six China-US flights have been suspended since last October, including four serving China's first-tier cities, since the US started a trade war with China.
Source: Global Times | 2018/9/26 22:18:42

Lenovo partnership with NetApp aims at intelligent transformation

Chinese personal computer (PC) maker Lenovo announced on Wednesday it will establish a joint venture with US-based data storage company NetApp Inc focusing on storage gear and data management, in a bid to be a leader in global intelligent transformation.
Source: Global Times | 2018/9/26 22:18:41

The Ritz-Carlton, Tianjin to celebrate its 5th anniversary

The Ritz-Carlton, Tianjin will celebrate its 5th anniversary on October 18.
Source: Global Times | 2018/9/26 18:28:39

China shares surge on expected weighting raise

China stocks closed higher on Wednesday as global index provider MSCI said it will consider quadrupling the weighting of Chinese big-caps in its global benchmarks and FTSE Russell is expected to include Chinese shares in its benchmark this week.
Source: Reuters-Global Times | 2018/9/26 17:13:40

Gold prices keep steady ahead of US Federal Reserve's interest rate hike decision

Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the US Federal Reserve's two-day meeting, where policymakers are expected to raise interest rates for the third time this year.
Source: Reuters-Global Times | 2018/9/26 17:13:40

Ringing the bell

Zhang Yong (left), founder and CEO of Haidilao International Holding, poses during the ceremonial listing of Chinese hotpot chain, Haidilao, at the Hong Kong Stock Exchange in Hong Kong on Wednesday. Shares in Haidilao closed at HK$17.82 ($2.28) on Wednesday, about 0.11 percent up from the issue price of HK$17.80. Haidilao had a valuation of about $12 billion after it raised almost $1 billion in its IPO. Photo: IC
Source: IC | 2018/9/26 17:13:40

India eases oil import from Iran

India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes.
Source: Reuters-Global Times | 2018/9/26 17:13:39

Russia's Far East ambitions

When a motorboat approached the port of Slavyanka, located at Primorskiy Krai, a federal subject in the Russian Far East, it passed by several shipyards where various shore crane facilities had been established.
Source: Global Times | 2018/9/26 16:08:39

Baidu, Intel to set up 5G, AI lab in China despite escalating trade tensions

China's Baidu Inc and US-based Intel Corp said on Tuesday they will establish a 5G+AI lab to promote the research and development of mobile edge computing (MEC) in China, according to a statement Baidu sent to the Global Times.
Source: Global Times | 2018/9/25 22:33:39

Fertilizer deal in Morocco

China-based fertilizer additives supplier Hubei Forbon and Morocco's state-owned phosphate group OCP agreed to develop a new generation of eco-friendly fertilizers, OCP announced on Monday.
Source: Xinhua | 2018/9/25 22:23:42

East Africa railway project

China Communications Construction Co (CCCC) has drilled the longest railway tunnel in East Africa, the company said Monday.
Source: Xinhua | 2018/9/25 22:23:42

Home sales decline

Home sales in major Chinese cities declined sharply during the three-day Mid-Autumn Festival holiday as regulations continued to rein in the overheating real estate market, according to industry data released on Tuesday.
Source: Global Times - Xinhua | 2018/9/25 22:23:41

PBC drains liquidity

China's central bank drained 90 billion yuan ($13 billion) from the financial system on Tuesday to ensure stable liquidity.
Source: Global Times - Xinhua | 2018/9/25 22:23:40

Committee follows up on progress in Thai-Chinese high-speed project

The committee for the Thai-Chinese high-speed rail cooperation project may set up a special organization to supervise the implementation of the project.
Source: Xinhua | 2018/9/25 22:18:42