BUSINESS >> Economy

Chinese willing to support BeiDou navigation system instead of US GPS

People in China are eagerly looking forward to the nation's own navigation app that's expected to debut next month and improve navigation accuracy to within 1 meter. Many netizens expressed the hope of shifting from the global positioning system (GPS) to China's BeiDou navigation and positioning system.
Source: Xinhua-Global Times | 2018/4/16 20:48:40

M&A deals in ASEAN surge in 2017

Chinese mergers and acquisitions (M&As) in countries that are part of the Association of Southeast Asian Nations (ASEAN) soared in 2017 despite a slump in overall outbound investment, thanks largely to the Belt and Road initiative (B&R), according to a report.
Source: Xinhua-Global Times | 2018/4/16 20:43:40

Ex-insurance regulator charged

The former chairman of China's insurance regulator Xiang Junbo has been formally charged on suspicion of taking bribes, the country's top prosecutor said on Monday.
Source: Reuters | 2018/4/16 20:43:39

Iconic Chinese sedan brand to open 100-plus sales centers in 2018

Chinese automaker FAW Group will open more than 100 dealerships for Hongqi (Red Flag), the country's iconic sedan brand, this year, the company said in a statement on Monday.
Source: Xinhua-Global Times | 2018/4/16 20:08:39

Approval for Irish beef imports

China has approved imports of frozen boneless beef from three Irish beef processors, Ireland's national broadcaster RTE said on Monday, citing Minister for Agriculture Michael Creed.
Source: Reuters | 2018/4/16 19:58:40

Hydropower station opens in Pakistan

The Neelum-Jhelum Hydropower Station in Pakistan, built by China Gezhouba Corp (CGGC), began generating electricity on Friday, according to a statement on the WeChat account of CGGC over the weekend.
Source: Xinhua-Global Times | 2018/4/16 19:58:39

ICBC investment banking in Singapore

The Singapore branch of the Industrial and Commercial Bank of China (ICBC Singapore) on Monday launched investment banking services after receiving accreditation as an issue manager from the Singapore Exchange.
Source: Xinhua | 2018/4/16 19:53:40

Pintec, UOB to explore Southeast Asia

Pintec Technology Holdings, a Chinese fintech company, and Singapore's United Overseas Bank announced on Monday the establishment of a joint venture that aim to launch a next-generation digital credit assessment solution in Southeast Asian market.
Source: Xinhua-Global Times | 2018/4/16 19:53:40

Dada-JD daojia, CR Vanguard deal

Dada-JD daojia (JDDJ), an online-to-offline platform under e-commerce giant JD.com Inc, announced on Monday that it has signed a cooperation agreement with retailer CR Vanguard to connect supermarkets under the brand to online services, according to a statement JDDJ sent to the Global Times.
Source: Reuters-Global Times | 2018/4/16 19:53:39

Time's ripe for Pear with Tencent-led funding

The domestic short video industry will see the emergence of dozens of unicorns, supported by an inflow of private capital and guided by government regulations, experts told the Global Times on Monday.
Source: Global Times | 2018/4/16 19:43:39

China, Japan eye B&R cooperation

China and Japan are in talks to find common projects for cooperation under the Belt and Road initiative (B&R), with Japan having shown growing interest in recent months in taking part in the China-proposed massive infrastructure initiative.
Source: Global Times | 2018/4/16 19:08:39

China's listed firms see improving financial performance amid economic restructuring

Listed companies in China have reported rapid profit growth in 2017 as the country's supply-side structural reform helped improve their competitiveness.
Source: Xinhua | 2018/4/16 16:15:09

China's strong and solid economic performance in Q1

The Chinese economy has started the first quarter of 2018 on a strong note with better than expected data, indicating steady and sustainable economic growth.
Source: Xinhua | 2018/4/16 14:09:13

China fully prepared for the escalation of China-US trade war: ministry of commerce

China is fully prepared for the escalation of trade frictions with the US and will not hesitate to fight back with major countermeasures if the US goes ahead with the additional $100 billion in tariffs, a spokesperson of the Ministry of Commerce said.
Source: Global Times | 2018/4/16 12:08:49

Trade fair facilitates cooperation among Belt and Road countries

The ongoing annual international trade fair in north China's Tianjin Municipality highlighted cooperation among Belt and Road countries.
Source: Xinhua | 2018/4/16 6:30:23

China remains largest developing country: economist

Despite its economic achievements, China remains the world's largest developing country, according to an economist.
Source: Xinhua | 2018/4/16 6:27:27

Private sector significant to Chinese economy: NBS

The private sector has played a significant part in the long-term rapid development of the Chinese economy, the statistics authority has said.
Source: Xinhua | 2018/4/16 6:26:38

Major trading partners not manipulating currency: US

US Treasury Department said Friday that no major trading partner, including China, has manipulated their currency.
Source: Xinhua-Global Times | 2018/4/15 21:28:39