BIZ

China leads in global 5G rollout


Workers at a coal mine in Central China's Henan Province can now enjoy the cool air of an office instead of driving an extractor in the pit itself as a low-latency 5G network, enabling distance monitoring, allows them to work remotely, minimizing errors while improving safety and efficiency.


US sanctions 'pose no threat' to Huawei 5G steps

Huawei's 5G technology will not be affected by US sanctions, and over the past few months, it has taken various measures to mitigate the impact of US government export controls by sourcing from different countries and finding alternative ways to conduct business, Huawei's rotating CEO told a press conference on Wednesday in Shanghai.
Source: Global Times | 2019/6/26 22:23:40

China leads in global 5G rollout

Workers at a coal mine in Central China's Henan Province can now enjoy the cool air of an office instead of driving an extractor in the pit itself as a low-latency 5G network, enabling distance monitoring, allows them to work remotely, minimizing errors while improving safety and efficiency.
Source: Global Times | 2019/6/26 22:18:43

China's leading fintech firm calls for "open-minded, prudent" approach to cryptocurrency Libra

Ant Financial, China's leading financial technology firm, has called for an "open-minded, albeit prudent" approach to the planned launch of cryptocurrency Libra by US tech giant Facebook.
Source: Xinhua | 2019/6/26 21:38:07

Senior South Korean fashion designer's case exposes industry secrets

Chinese designs and fashions were considered as corny and out of date, but now, it seems they have caught up with their South Korean neighbors.
Source: Global Times | 2019/6/26 19:58:40

On the road to development

An autonomous electric bus at the Xiongan public service center in Xiongan New Area, North China's Hebei Province, on Wednesday. On January 2, China approved the overall development plan (2018-35) for the new area, a guideline to build the region with international standards and Chinese characteristics. Photo: VCG
Source: VCG | 2019/6/26 19:53:40

Property transfers among family members made free in China

A supplementary policy was announced by China's government agencies on Wednesday to improve regulation of transfers in the residential real estate market. The country's housing market, a key driver of economic growth, is getting more stable as supervision getting more complete, according to analysts.
Source: Global Times | 2019/6/26 19:48:40

China-Japan relations back on normal track

Sino-Japanese relations are back on track since hitting their lowest point in 2012, with Japanese companies' investment in China moving away from “taking advantage of cheap resources” to responding to a path of organic growth, Masashi Iwanaga, general manager of the Beijing Office of the Japan-China Economic Association (JCEA), told the Global Times in an interview on Wednesday.
Source: Global Times | 2019/6/26 19:38:40

Huawei launches new smartphone in Kenyan market amid rising demand

China's Huawei on Wednesday launched a new smart phone in the Kenyan market amid rising demand for affordable but high quality mobile devices among the east African country's middle classes.
Source: Xinhua | 2019/6/26 19:33:28

China's fuel cell producer CATL hikes investment in German battery, R&D base

China's leading fuel cell producer Contemporary Amperex Technology Co (CATL) will increase investment in its German electric vehicle (EV) cell battery base by up to 7.5 times, which an automobile expert said is “in line with commercial logic” as CATL wants to be close to its clients at a time when Germany is hugely expanding new-energy car production.
Source: Global Times | 2019/6/26 19:18:42

Chinese vice premier stresses full implementation of tax, fee cuts

Chinese Vice Premier Han Zheng called for the solid implementation of measures to cut taxes and fees and making every effort to ensure market entities enjoy policy dividends.
Source: Xinhua | 2019/6/26 17:33:17

Proposed tariffs against China meet stiff opposition in week-long hearing

A seven-day Section 301 tariffs hearing wrapped up Tuesday after more than 300 business representatives had made their case against Washington's proposed additional tariffs on Chinese imports.
Source: Xinhua | 2019/6/26 17:21:23

Equal-footed dialogue is the only way for win-win cooperation

What does Washington's imposition on $300 billion worth of more imported Chinese goods mean to the American people?
Source: People's Daily | 2019/6/26 17:16:41

Moutai dilemma

Maotai, a small town in Southwest China's Guizhou Province, welcomed its busiest time of the year when the Chinese state-owned distillery giant Kweichow Moutai held its annual shareholders' meeting.
Source: Global Times | 2019/6/26 17:03:40