BUSINESS >> Economy

China's SOEs, video platforms team up to promote image

Major Chinese State-owned enterprises (SOEs) recently teamed up with short video platforms that target Generation Z to tap into a lucrative market and promote projects in countries and regions along the routes of the Belt and Road (B&R) initiative.
Source: Global Times | 2018/6/4 22:23:39

Yangtze fund launched

China has launched a 100 billion yuan ($15.58 billion) fund to support economic integration and coordination in the Yangtze River Delta region, the Xinhua News Agency reported, as part of wider State efforts to break down administrative barriers.
Source: Agencies-Global Times | 2018/6/4 22:18:40

Xiaomi eyes $3b CDRs

Chinese smartphone maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in the Chinese mainland while offering the remainder in Hong Kong, people with knowledge of the matter told Reuters on Monday.
Source: Global Times - Reuters | 2018/6/4 22:18:40

LatAm eyes closer China ties

Strengthening ties with China can boost economic diversity and spur development in Latin America and the Caribbean, experts say.
Source: Xinhua-Global Times | 2018/6/4 22:18:40

Moutai hits Australian stores

A delegation of Kweichow Moutai Co arrived in Canberra, Australia over the weekend and met Minister of the Chinese Embassy in Australia Cai Wei and Minister-Counselor Huang Rengang.
Source: Global Times | 2018/6/4 22:18:39

Honda sees China sales decline

Honda Motor Co's sales in China slumped for a fourth consecutive month in May, due to the lingering impact from a quality issue associated with the automaker's popular CR-V sport-utility vehicle.
Source: Agencies-Global Times | 2018/6/4 22:13:40

Foxconn eyes Egypt plant

Foxconn Technology Group may establish a plant in Egypt to make electronic components for export, Egyptian magazine Egypt Today reported on Friday.
Source: Global Times | 2018/6/4 22:13:39

US breeding pigs certified in Sichuan, to aid farm reform

Customs officials in Chengdu, Southwest China's Sichuan Province on Monday issued inspection and quarantine certificates for 975 breeding pigs imported from the US, marking the province's first direct introduction of US breeding pigs.
Source: Global Times | 2018/6/4 22:08:40

China's probes of memory chip firms 'to ensure fair competition'

A recent crackdown on major foreign chipmakers followed abnormal rises in prices of memory chips in recent years, and it showed the government's determination to fight unfair practices in the Chinese market, industry insiders said.
Source: Global Times | 2018/6/4 22:08:40

Figurative speaking

The number of visitors that arrived in Beijing in the first four months of 2018, up 3.1 percent year-on-year, according to local authorities.
Source: Global Times | 2018/6/4 22:08:39

European experts positive on B&R development potential

During the 12th Lennart Meri Conference on foreign and security policy, China's Belt and Road initiative and its Arctic policy were described by European experts as being helpful for global development.
Source: Xinhua-Global Times | 2018/6/4 22:03:40

Solar firms urged to boost tech capability

Chinese photovoltaic (PV) companies are becoming more competitive in the global market thanks to relatively low manufacturing costs, but they need to explore new technology to maintain their edge, a business representative said.
Source: Global Times | 2018/6/4 22:03:39

Opportunities along Belt and Road to increase for going-global Chinese firms: report

Economic opportunities along the Belt and Road are expected to increase this year as more Chinese firms step up overseas expansion, a report from global audit and consultancy firm Deloitte showed.
Source: Xinhua | 2018/6/4 21:36:57

New area set up to promote FTZ construction in Hainan

China's island province of Hainan has announced the establishment of a new area in the capital Haikou to enhance development of the China (Hainan) Pilot Free Trade Zone.
Source: Xinhua | 2018/6/4 12:59:23

S. Korea's top central banker warns against taper tantrum after US rate hike

South Korea's top central banker on Monday warned against a taper tantrum amid rising expectations that the US Federal Reserve could raise its benchmark interest rate further later this month.
Source: Xinhua | 2018/6/4 12:57:09

Old factory turns to popular creative zone

An abandoned electroplating factory in northeast China's Shenyang has become a popular art zone.
Source: Xinhua | 2018/6/4 6:03:46

Samsung confirms investigation by China's antitrust agency

Samsung China confirmed to the Global Times late Sunday that it has been investigated and is now “actively cooperating with China's antitrust agency."
Source: Global Times | 2018/6/3 22:43:39

China cuts solar subsidies to curb industry overheating

China's new rules for investment and subsidies for photovoltaic (PV) installations will curb overheating in the sector, experts said Sunday, after three government agencies issued a new policy on Friday.
Source: Global Times | 2018/6/3 22:23:39