BIZ

Yamal LNG project reaches full production capacity


Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third or last production line here Tuesday and thus reached its full capacity.


Huawei CFO granted bail at court hearing

The Canadian court on Tuesday granted bail to Huawei chief financial officer Meng Wanzhou, who's been detained in Canada for nearly two weeks for allegedly breaking U.S. sanctions on Iran.
Source: CGTN | 2018/12/12 7:59:05

China Eastern Airlines inaugurates Madrid-Xi'an route

China Eastern Airlines on Tuesday officially inaugurated its new route between the Spanish capital city of Madrid and the historic Chinese city of Xi'an.
Source: Xinhua | 2018/12/12 7:24:55

China ponders tech strategy; cautious approach urged in handling Huawei, US firms

China should prepare a set of savvy long-term measures to counter US blackmailing tactics aimed at containing China's rapid technological rise and avoid knee-jerk responses involving companies like Huawei, Apple or Qualcomm, Chinese analysts warned on Tuesday.
Source: Global Times | 2018/12/11 23:18:40

China won't close its doors for tech collaboration even after Huawei CFO' arrest: experts

China will pursue its own path in technology development by welcoming competition and further opening up its market, and will not shut its doors when facing external pressure, experts said.
Source: Global Times | 2018/12/11 22:27:24

Botswana looks to investment from China to develop economy

Editor's Note: Botswana is a landlocked country located in the southern African continent. In recent years, the country has been looking to China's investment to boost its social and economic development. Global Times reporter Xing Xiaojing (GT) talked to Reginald Selelo (Selelo), chief operating officer of the Botswana Investment and Trade Center (BITC), to discuss the potential of Chinese investment in Botswana. In 2017, bilateral trade reached $267 million. As of the end of 2017, Chinese companies had signed $10.16 billion worth of contracts in Botswana.
Source: Global Times | 2018/12/11 21:21:00

Market demand drives global port expansion

China's global expansion in the port sector is driven by global market demand, Chinese experts said on Tuesday after the inauguration of another major port invested by China in the United Arab Emirates (UAE).
Source: Global Times | 2018/12/11 21:20:54

Nation consults on rules for financial holding companies

China's central bank has started seeking internal feedback on draft rules regulating financial holding companies, targeting big-name conglomerates that hold multiple financial licenses, said two sources with direct knowledge of the matter.
Source: Reuters-Global Times | 2018/12/11 20:53:41

Huawei unit introduces smartphone model to Kenya

Chinese telecom firm Huawei Mobile Kenya on Monday introduced its latest smartphone, the Huawei Y5 Lite phone, to the Kenyan market.
Source: Xinhua-Global Times | 2018/12/11 20:53:41

Henan vows to further open auto, aircraft sectors to foreign investors

Central China's Henan Province, the country's fifth-biggest province by economic output, has pledged to open up its markets further to foreign investors, easing investment curbs on its automobile and aircraft industries and loosening rules on employment of foreigners.
Source: Reuters-Global Times | 2018/12/11 20:53:40

Ethanol set to triple

China is set to more than triple its ethanol production capacity by 2020, a government researcher said on Tuesday, with demand for the commodity expected to surge as the country shifts toward cleaner fuels.
Source: Agencies-Global Times | 2018/12/11 20:48:40

First quantum system

China's first quantum computer control system with independent intellectual property rights has been launched in Hefei, East China's Anhui Province, sources with the city's high-tech zone said on Tuesday.
Source: Agencies-Global Times | 2018/12/11 20:48:40

PBC skips reverse repo for 33rd day

The People's Bank of China (PBC), the central bank, on Tuesday skipped reverse repo for the 33th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system. No reverse repo will mature Tuesday.
Source: Xinhua | 2018/12/11 19:58:39