BIZ

Huawei Facts webpage launched, firm vows transparency, openness in global market


Faced with growing obstacles in overseas markets in recent months, China's Huawei Technologies has not been intimidated and scaled down its global ambitions. Instead, the company has come up with more measures to become more open and transparent.


China's internet service sector expands fast in 2018

China's internet service and related sectors saw fast revenue growth in 2018, with e-commerce and online gaming continuing steady expansion.
Source: Xinhua | 2019/2/8 17:32:07

Huawei representative rebukes US ambassador's accusation, defends integrity and safety

In one of the strongest public remarks ever, a senior representative of China's tech company Huawei on Thursday night rebutted fear-mongering of the company.
Source: Xinhua | 2019/2/8 8:41:23

China's telecom sector maintains steady growth

China's telecom sector continued steady expansion last year, with robust mobile network services and improving internet infrastructure.
Source: Xinhua | 2019/2/7 21:22:50

China's Shengli Oilfield crude output at 23.4 mln tonnes in 2018

Shengli Oilfield, a major oilfield of China, churned out 23.41 million tonnes of crude oil in 2018, 10,000 tonnes above the target.
Source: Xinhua | 2019/2/7 21:19:54

China still General Motors' biggest market

General Motors (GM) sold 3.65 million vehicles last year in China, which retained the title of the biggest market for the leading U.S. auto maker.
Source: Xinhua | 2019/2/7 20:55:02

China solicits opinions on industry catalog for encouraging foreign investment

China has started to solicit public opinions on a new industry catalog aimed at encouraging foreign investment as part of the effort to push forward opening-up.
Source: Xinhua | 2019/2/7 20:53:20

US trade deficit with China narrows in November

The US trade deficit narrowed by 11.5 percent to $49.3 billion in November last year, citing a decline in imports, according to a report from the US Commerce Department on Wednesday.
Source: Global Times | 2019/2/7 13:37:00

Pakistan, Russia ink accord for offshore oil exploration

Pakistan and Russia on Wednesday signed an agreement for offshore oil and gas exploration activities in the southern Asian country, besides installation of a pipeline which would supply gas to Pakistan from the Middle East through the sea-link.
Source: Xinhua | 2019/2/6 22:59:39

French FinMin calls EU refusal of Alstom-Siemens rail merger "economic mistake"

The European Commission had made "an economic mistake" by blocking a deal between France's Alstom and Germany's Siemens to combine their activities to face foreign harsh competitiveness, French Finance Minister Bruno Le Maire said on Wednesday.
Source: Xinhua | 2019/2/6 22:30:04

SoftBank's group net profit doubles in April-December period as tech investments pay dividends

SoftBank Group Corp. said Wednesday its group net profit increased 51.6 percent in the April-December period owing to gains from investments through its Saudi-backed Vision Fund, which helped offset market losses connected to US chipmaker Nvidia.
Source: Xinhua | 2019/2/6 21:21:09

Russia's 2018 trade surplus 61.5 pct up year on year

Russia's trade surplus rose 61.5 percent year on year in 2018, the country's Federal Customs Service said Wednesday.
Source: Xinhua | 2019/2/6 21:15:44

European Commission prohibits Siemens-Alstom merger

The European Commission said on Wednesday that it has prohibited Siemens' proposed acquisition of Alstom under the European Union (EU) Merger Regulation, because the merger would have harmed competition in markets for railway signalling systems and very high-speed trains.
Source: Xinhua | 2019/2/6 21:15:11

ADB assists Bangladesh in promoting micro-enterprise development

The Asian Development Bank (ADB) and the Bangladeshi government Wednesday signed an agreement for 50 million US dollars in loan to promote micro-enterprise development for inclusive economic growth and poverty reduction.
Source: Xinhua | 2019/2/6 17:43:14