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Huawei sits top as China unveils ranking of 500 largest private firms


Chinese telecommunications giant Huawei sits top a list of China's 500 largest private enterprises for the fourth consecutive year, despite a crackdown on the firm by the US.


Huawei sits top as China unveils ranking of 500 largest private firms

Chinese telecommunications giant Huawei sits top a list of China's 500 largest private enterprises for the fourth consecutive year, despite a crackdown on the firm by the US.
Source: Global Times | 2019/8/22 15:53:40

Huawei eyes greater transparency, openness

Chinese tech giant Huawei would continue enhancing its transparency and regard itself as a public-listed company, an executive said on Wednesday.
Source: Xinhua | 2019/8/22 13:56:34

First 5G-covered express rail to usher in more economic opportunities in Greater Bay Area

The Guangzhou-Shenzhen-Hong Kong Express Rail Link will be the first express rail in China to be covered by 5G networks, Wei Ming, CEO of China Mobile's branch in South China's Guangdong Province, said on Wednesday.
Source: Global Times | 2019/8/22 13:48:40

Chinese mainland operates 47 nuclear reactors, world's third most

A total of 47 nuclear power reactors with an installed capacity of 48.73 million kilowatts (kwh) are in operation on the Chinese mainland, as of June 2019, ranking the 3rd in the world, data from the China Nuclear Society showed on Wednesday.
Source: Global Times | 2019/8/22 13:20:02

Pork prices in Hong Kong skyrocket as supply strangled by African swine fever

The price of pork has continued to rise sharply in Hong Kong and many fear that this may further increase ahead of peak season next month, as both local supplies and those from the mainland have been strangled due to cases of African swine fever.
Source: Global Times | 2019/8/22 12:43:40

Chinese robotics firms gain wider global recognition at world robotics show

Chinese robotics companies are gaining increasing international recognition thanks to technological breakthroughs achieved over the years and stronger cooperation with overseas participants, especially involving industrial and services robots, experts and company representatives said on Wednesday.
Source: Global Times | 2019/8/21 22:15:13

Dented investor confidence, business unease show that impact of HK unrest starts to pile up

After weeks of violent unrest in Hong Kong, warning signs of a potentially devastating economic impact on the global financial hub have started to pile up, as several recent major deals underscored unease among businesses in the city and beyond.
Source: Global Times | 2019/8/21 21:13:40

Goldman Sachs applies to take controlling stake in China securities joint venture

US banking giant Goldman Sachs has applied to take a controlling stake in its securities joint venture (JV) in China, a fresh sign that the world's second-largest economy continues along the path of financial opening-up despite lingering trade woes with the US.
Source: Global Times | 2019/8/21 21:08:41

Huawei to launch new AI Ascend chip, expand industrial layout to confront US crackdown

Huawei is expected to launch its artificial intelligence (AI) Ascend 910 chip on Friday, a further expansion into the AI sector and move to realize its chip strategy amid the US' intensified crackdown on the Chinese telecommunications giant.
Source: Global Times | 2019/8/21 21:08:40

Shenzhen announces reform plans for SOEs to cultivate world-class companies

A pilot regional reform plan for state-owned enterprises (SOEs) in Shenzhen, South China's Guangdong Province has been approved, in a bid to cultivate more world-class companies with global competitiveness, including a couple of top 500 enterprises, media reports said.
Source: Global Times | 2019/8/21 20:43:50

Capsule test

Subway Line 5 in Shenzhen, South China's Guangdong Province, which will start operation soon, invited passengers to visit its “capsule” style subway stations and take rides on the new train on Tuesday.
Source: Global Times | 2019/8/21 20:28:40

Huawei's home suppliers bask in trade war windfalls

Domestic electronic suppliers have reported surging first-half profits estimates thanks to their relationships with technology giant Huawei, experts said, with the latter speeding up efforts to nurture a supply chain in the Chinese mainland as pressure mounts from the US government.
Source: Global Times | 2019/8/21 19:29:44

Shenzhen to head research into national digital currency

Research into a national digital currency, as mentioned in a central government document on Shenzhen's development, will start soon under the guidance of China's central bank.
Source: Global Times | 2019/8/21 18:15:17