BUSINESS >> Economy

Huawei believes no wrongdoings from arrested CFO

Chinese Huawei Technologies said on Thursday morning that it believed that the company's chief financial officer (CFO) Meng Wanzhou committed no wrongdoings, and it believes that the legal systems of Canada and the US will give a fair conclusion.
Source: Global Times | 2018/12/6 9:22:35

Chinese firms to push forward localization efforts in Kenya: Chinese envoy

Chinese firms in Kenya will continue with their localization drive by creating more job opportunities for locals, a Chinese envoy said on Tuesday.
Source: Xinhua | 2018/12/6 9:12:14

China to implement new set of policies to boost innovation

The Chinese government on Wednesday decided to implement a new set of reform policies and measures to boost innovation and creativity, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang.
Source: Xinhua | 2018/12/6 1:47:31

US urged to respect industrial upgrade strategy as China moves to reduce trade frictions

As Chinese government agencies signed a memorandum of cooperation to strengthen protection of intellectual property, China immediately began to implement the consensus reached by Chinese and US leaders in Argentina to prevent escalating trade frictions.
Source: Global Times | 2018/12/5 23:53:40

China 'shows sincerity' in resolving trade war by strengthening patent protection: experts

The State Council, China's cabinet, unveiled a list of measures to boost innovation at a regular meeting held on Wednesday. The meeting also passed a draft amendment to the Patent Law to protect intellectual property rights (IPR) and effectively combat infringement.
Source: Global Times | 2018/12/5 23:16:22

China to release new negative list for investment: sources

China's soon-to-be-released national market-entry negative list will further ease concerns among China's investment partners as the new list will provide more transparency and predictability for market practices in China, experts said on Wednesday.
Source: Global Times | 2018/12/5 23:03:40

Darwin, Guangzhou sign agreement to expand ties

The council of Darwin, capital of Australia's Northern Territory (NT), has signed an agreement to build a stronger relationship with Yuexiu District in the city of Guangzhou, capital of South China's Guangdong province.
Source: Xinhua | 2018/12/5 22:23:48

Chinese, Italian firms sign deals at Milan innovation week

Chinese and Italian firms on Tuesday signed 19 cooperation agreements covering research and economic issues during the opening day of the 9th China-Italy Science, Technology, and Innovation Week.
Source: Xinhua | 2018/12/5 22:23:48

Hainan denies racing news

Officials in South China's Hainan Province on Wednesday denied media reports that suggested the province has started to plan for a horse racing sector, financial news website yicai.com said.
Source: Global Times | 2018/12/5 22:13:43

Didi Chuxing restructuring

Chinese online ride hailing company Didi Chuxing announced on Wednesday a restructuring plan to consolidate the company's assets in various areas, including online ride-hailing services and car asset management, according to financial news website wallstreetcn.com.
Source: Global Times | 2018/12/5 22:13:43

PBC supports use of cash

The People's Bank of China (PBC), the central bank, has launched a crackdown on retail stores that refused to accept cash as payment, in support for older residents who prefer to use cash instead of mobile payments.
Source: Global Times | 2018/12/5 22:13:42

CCBD to groom 1,000 brands

The China Council for Brand Development (CCBD) will nurture about 1,000 globally known Chinese brands by 2021, as part of the country's push for high-quality economic growth, a top official said on Wednesday.
Source: Global Times | 2018/12/5 22:13:41

Argentina to export fresh cherries to China market

Beijing and Buenos Aires have reached agreement for Argentina to export cherries to China, one of the efforts made by China to multiply its import channels, an economic expert said.
Source: Global Times | 2018/12/5 19:23:23

Double the work

An employee at a Chinese online retailer prepares goods for the “Double 12” shopping festival at a warehouse in Lianyungang, East China's Jiangsu Province on Wednesday. “Double 12,” which falls next Wednesday, is another shopping festival created by the Alibaba Group after the success of its annual Single's Day Double 11 shopping festival on November 11. In 2017, the transaction volume on Alibaba's e-commerce platform Taobao reached 168.2 billion yuan ($24.51 billion), a new high.
Source: VCG | 2018/12/5 19:18:40

Audi to invest $15b in electric cars

Audi plans to invest 14 billion euros ($15.9 billion) in electric mobility, digitization and autonomous driving from 2019 until the end of 2023, the German car manufacturer announced on Tuesday.
Source: Xinhua | 2018/12/5 19:13:42

PBC skips open market operations

The People's Bank of China (PBC), the central bank, on Wednesday skipped open market operations for the 29th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system.
Source: Xinhua | 2018/12/5 19:13:41

China launches strong financial support for firms to keep stable employment

The State Council, China's cabinet, said on Wednesday that the government is to prioritize steady employment and will offer more financial support to businesses and intensive training courses for workers amid increasing downward pressure on the economy.
Source: Global Times | 2018/12/5 19:13:40

Uptick in orders sees services sector expand

China's services sector grew at its quickest pace in five months in November thanks to an uptick in new orders, a private survey released on Wednesday showed.
Source: Reuters-Global Times | 2018/12/5 19:08:40