BUSINESS >> Economy

CITIC acquires NZ's Trilogy

CITIC Capital China Partners, the private equity arm of CITIC Capital Holdings (CITIC Capital), completed the acquisition of New Zealand-based beauty care company Trilogy International on Wednesday, according to a statement from CITIC Capital.
Source: Global Times-Reuters | 2018/4/19 20:53:41

Nissan's premium brand Infiniti aims to triple China sales

Nissan Motor Co's premium brand Infiniti plans to at least triple sales in China within the next five years by making four additional car models locally and shifting to more electrified offerings.
Source: Reuters-Global Times | 2018/4/19 20:43:41

Huawei 5G base station 'legal within EU'

Huawei's fifth-generation (5G) base station can legally be placed on the EU market with the certificate it gained, German certification body TUV SUD said on Wednesday (EU time).
Source: Xinhua-Global Times | 2018/4/19 20:43:40

Survey shows growth potential from taking part in Belt and Road initiative

Countries and regions joining the Belt and Road (B&R) initiative are likely to see their growth lifted over the next five years, according to a survey released in Washington on Wednesday (US time).
Source: Xinhua-Global Times | 2018/4/19 20:38:41

Qualcomm-NXP bid review

China is reviewing US smartphone chip supplier Qualcomm's bid to acquire its Dutch rival chipmaker NXP Semiconductors based on anti-trust laws, the country's Ministry of Commerce (MOFCOM) said Thursday.
Source: Agencies-Global Times | 2018/4/19 20:38:41

Nike footwear executive quits

Nike Inc's vice president of footwear, Greg Thompson, has left the company, a company spokesman said on Wednesday, the latest in a string of executive departures at the sportswear company.
Source: Agencies-Global Times | 2018/4/19 20:33:42

Lack of trust hinders medical aesthetics sector

The trust challenge between patients and doctors that is prevalent on a global scale might hinder the development of the medical aesthetics industry, according to the Global Medical Aesthetics Trust Report released on Wednesday.
Source: Global Times | 2018/4/19 20:33:41

Red light flashing in ride-hailing price war

The Ministry of Transport (MOT) on Thursday warned of “great damage” from a brewing price war in the country's massive ride-hailing sector as more companies rush into lucrative markets, and it called for “reasonable competition” and tougher regulation.
Source: Global Times | 2018/4/19 20:03:40

Chip sector progress needed

China recognizes the strategic significance of developing its own core technology in the semiconductor sector, and the US announcement of a ban on its chipmakers selling equipment to Chinese telecom company ZTE Corp has brought a slew of discussions as well as media commentary on the issue.
Source: Global Times | 2018/4/19 19:38:41

WTO trade remedy measures should not be abused: China

China does not want to see World Trade Organization trade remedy measures abused or used for protectionism, the country's Ministry of Commerce said Thursday.
Source: Xinhua | 2018/4/19 15:56:40

China announces anti-dumping measures on imported chlorobutyl rubber

China's Ministry of Commerce (MOC) announced Thursday that it will impose provisional anti-dumping measures on chlorobutyl rubber imported from the United States, the European Union, and Singapore.
Source: Xinhua | 2018/4/19 15:55:48

China's central bank continues to inject liquidity

China's central bank on Thursday continued to inject funds into the banking system via open market operations to maintain liquidity.
Source: Xinhua | 2018/4/19 14:44:00

Anti-dumping measures on US sorghum will not greatly impact China: MOC

China's anti-dumping measures on US sorghum will not have a great impact on China, the Chinese Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2018/4/19 14:43:32

China reviewing Qualcomm's bid to buy NXP Semiconductors: MOC

China is reviewing US smartphone chip supplier Qualcomm's bid to acquire its Dutch rival chipmaker NXP Semiconductors based on anti-trust laws, the country's Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2018/4/19 14:42:07

Impact of trade frictions on China's balance of payments controllable: official

The impact of Sino-US trade frictions on China's balance of international payments is "overall controllable," an official with the country's foreign exchange regulator said Thursday.
Source: Xinhua | 2018/4/19 13:49:17

US action on ZTE to hurt itself: MOC

China's Ministry of Commerce (MOC) said Thursday that the US action against China's leading telecom equipment maker ZTE Corp will damage itself.
Source: Xinhua | 2018/4/19 11:54:26

China's monetary policy unchanged despite reserve requirement cut

Despite a surprise cut in the reserve requirement ratio (RRR) for most commercial and foreign banks, China sees no sign of monetary easing and will maintain its prudent and neutral policy stance to ensure stable and reasonable liquidity.
Source: Xinhua | 2018/4/19 11:29:27

EU trade commissioner says US tariffs distorting global trade

European Union (EU)'s trade commissioner Cecilia Malmstrom told reporters here Wednesday that US tariffs imposed on steel and aluminum are distorting global trade and may undermine global economic growth.
Source: Xinhua | 2018/4/19 8:35:21