Women's growing purchasing power gives life to untapped domestic 'otome' market

How far away are you from being a princess and developing romantic relationships with a legion of rich, attractive and considerate male characters?

Ford plans to curb car production to build more trucks, SUVs

Ford company, one of American major automakers, will be adjusting its vehicle production rates to meet the preferences of buyers in the US, Ford CEO Jim Hackett revealed.
Source: Xinhua | 2018/1/18 6:32:46

Taiwan firms say they would change label on products for mainland

Some companies in Taiwan confirmed on Wednesday that their partners in the Chinese mainland and other institutions have requested that they change the label regarding the origin of their products to be sold in the mainland, after officials on the island denied any such moves.
Source: Global Times | 2018/1/17 22:43:41

Capacity cuts successful: experts

China's efforts to cut excess capacity appear to have been “well implemented” given the market price changes, experts told the Global Times on Wednesday, and the capacity-cutting drive is set to continue in 2018.
Source: Global Times | 2018/1/17 22:23:40

Shenzhen to see GDP boost

GDP in Shenzhen, South China's Guangdong Province, is expected to have hit 2.2 trillion yuan ($341.8 billion) in 2017, up 8.8 percent year-on-year, China News Service reported on Wednesday.
Source: Global Times | 2018/1/17 22:13:40

China Unicom to test 5G

State-owned carrier China Unicom is planning to test 5G (5th generation) coverage in seven cities and has submitted applications to the Ministry of Industry and Information Technology, the National Business Daily reported on Wednesday.
Source: Global Times | 2018/1/17 22:13:40

Baotou admits 'fake' data, revises down fiscal revenue

A northern industrial city in China said its 2017 fiscal revenue was significantly less than it had earlier estimated partly due to “fake” additions, making a revision just days after reports of similar incidents fueled skepticism over official data.
Source: Reuters-Global Times | 2018/1/17 22:13:40

Financial risks still high, says CBRC chief

China's banking regulator chief warned that a “black swan,” or an unforeseen event, could threaten the country's financial stability, the official People's Daily reported on Wednesday.
Source: Reuters-Global Times | 2018/1/17 22:13:39

Chinese ODI facing increasing risks: report

More moves by developed countries to curb investment by Chinese companies are likely, but this trend will not last long, experts said on Wednesday.
Source: Global Times | 2018/1/17 22:08:40

Nigerian petrochemical pipeline

Shanghai-listed Offshore Oil Engineering Co, a subsidiary of China National Offshore Oil Corp, reportedly began construction of an undersea pipeline of Dangote Oil Refining Co in Nigeria.
Source: Global Times | 2018/1/17 21:18:40

Vineyard deal in Australia

Chinese winery Yantai Changyu Pioneer Wine Co will buy an 80 percent stake in the Clare Valley's award-winning Kilikanoon Estate in Australia for A$20.6 million ($16.4 million).
Source: Global Times | 2018/1/17 21:18:40

Tencent invests in story platform

Tencent Holdings has completed an investment of about $50 million in Toronto-based storytelling app Wattpad, media reports said on Wednesday.
Source: Global Times | 2018/1/17 21:18:40

Ford China sales down 6%

Global automaker Ford Motor delivered more than 1.19 million cars in the Chinese mainland last year, down 6 percent year-on-year, according to the firm.
Source: Global Times - Agencies | 2018/1/17 21:18:40

Wanda sells UK project stake

Wanda Hotel Development Co, a unit of Dalian Wanda Group, will post a HK$434 million ($55 million) gain from the sale of a 60 percent stake in a company that invests in the high-profile One Nine Elms project in London.
Source: Global Times - Agencies | 2018/1/17 21:18:39