BIZ

'Made in China 2025' doesn't exclude foreign firms


Accusations about the “Made in China 2025” strategy are unfair and China will definitely stick to the strategy in the coming years, potentially offering new opportunities for foreign companies in advanced industries, analysts said on Wednesday.


Ceremony held for father-and-son trip to Russia for the World Cup

On June 14, the departure ceremony of the “Toast, Daddy” trip to watch the World Cup in Russia sponsored by Wuliang Renjia, the brand subordinate to Yibin Wuliangye Series Wine Brand Marketing Co, Ltd, was held in Beijing, welcoming 25 pairs of fathers, sons and daughters who will go on this trip.
Source: Global Times | 2018/6/21 19:03:40

S.Korea's deficit in services trade with US hits record high in 2017

South Korea's deficit in services trade with the United States hit a record high last year, with surplus in goods trade with the world's largest economy falling to a five-year low, central bank data showed Thursday.
Source: Xinhua | 2018/6/21 17:40:50

China to host 7th China-EU High-level Economic and Trade Dialogue

China's Ministry of Commerce (MOC) said on Thursday that the 7th China-EU High-level Economic and Trade Dialogue will be held in Beijing on June 25.
Source: Xinhua | 2018/6/21 17:39:42

Short-sellers sense an opportunity as trade tensions brew

Escalating trade tensions between China and the US may have sent tremors across the US stock market, but short-sellers are taking the opportunity to boost bearish bets against US companies exposed to a full-blown trade war.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Yuan eases to more than 5-mth low against dollar

China's yuan weakened to a more than five-month low against the dollar on Thursday, as corporate greenback demand picked up and higher US bond yields pushed the US currency higher against most of its peers.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Shanghai stocks hit two-year closing low

The Chinese mainland shed early gains to end lower Thursday, with the Shanghai index closing at a two-year low, as caution prevailed amid lingering worries over the China-US trade spat.
Source: Reuters-Global Times | 2018/6/21 16:33:41

Flying in fresh air

As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus, the Canadian transport company is now drawing up plans to breathe new life into its older regional planes.
Source: Reuters | 2018/6/21 16:33:40

Investment in connected aircraft technologies to rise substantially in next 12 months: report

Spending on connected technologies in the aviation sector will increase dramatically in the coming years, driven by rapidly growing demand for solutions that can enhance the passenger experience, save airlines money and improve operational efficiency, a report released by Honeywell said on Wednesday.
Source: Global Times | 2018/6/21 16:33:40

Chinese company starts testing Mecca Light Rail for upcoming Hajj pilgrimage

China Railway Construction Corporation Limited (CRCC) started on Wednesday the testing of the Mecca Light Rail in preparation for Hajj pilgrimage in August when millions of pilgrims will head to the holiest city in Islam.
Source: Agencies | 2018/6/21 15:50:56

456 contracts signed at 5th China-South Asia Expo

A total of 456 contracts involving more a total of more than 800 billion yuan (123.6 billion US dollars) have been signed during the fifth China-South Asia Expo that concluded Wednesday in southwest China's Yunnan Province.
Source: Xinhua | 2018/6/21 12:37:29

Chinese enterprises favor greenfield investment in US: survey

Greenfield investment is the most common initial structure for Chinese investors in the United States, according to a business report released Wednesday.
Source: Xinhua | 2018/6/21 9:53:56

China to ease financing strain for small companies

China will work to ease the financing strain and high funding costs for small companies amid continued efforts to cut costs in the real economy, the State Council decided at an executive meeting chaired by Premier Li Keqiang Wednesday.
Source: Xinhua | 2018/6/21 9:22:19

Top legislature hears reports on 2017 final accounts, audit work

China's top legislature Wednesday heard a report on the central government's final accounts and an audit report for 2017 at a plenary meeting of its ongoing bimonthly session, which runs Tuesday to Friday.
Source: Xinhua | 2018/6/21 9:20:55