BIZ

Talent shortage hampers China's IC sector


There is a huge talent gap in the domestic integrated circuit (IC) industry, a sector the country has been striving to promote recently, but experts believe the gap could be overcome by offering more competitive salaries, strengthening related education and cultivating interdisciplinary talent.


Internet court sees 11,000 litigations

China's first court specializing in internet-related cases has handled more than 11,000 cases since its inception a year ago, according to the court.
Source: Xinhua-Global Times | 2018/8/19 18:18:40

China regulator asks financial institutions to support infrastructure investment

China's banking and insurance regulator has asked financial institutions to give more support to infrastructure investment, importers and exporters, as well as creditworthy companies experiencing temporary problems.
Source: Reuters-Global Times | 2018/8/19 18:18:39

Chinese firms plan more soybean meal substitute imports to offset plunge in US soybean imports

Chinese companies are confident in securing overseas supplies of soybeans and soybean meal substitutes to counter the fall in imports of US soybeans, according to industry insiders.
Source: Xinhua | 2018/8/19 17:25:35

Shanghai index ends at 31-month low on scandal

Shanghai stocks closed at a near 31-month low on Friday, dragged down by a slump in healthcare firms amid a vaccine scandal fallout, but planned talks between the US and China helped ease trade war fears.
Source: Reuters-Global Times | 2018/8/19 17:18:39

Regulations help resolve P2P plight in China

In the shadows of many collapsing online peer-to-peer (P2P) lenders, Wu Hao, a Beijing-based investor, has been waiting anxiously in recent months to retrieve his savings.
Source: Global Times | 2018/8/19 17:13:40

Yuan gains increasing popularity in Africa

China's yuan has attracted more and more attention in African countries thanks to its advantages in facilitating China-Africa trade and investment, optimizing the structure of foreign exchange reserves and stabilizing the financial system.
Source: Agencies-Global Times | 2018/8/19 17:03:39

Top oil hedge funds suffer big losses after July price plunge

Two of the world's largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged the most in two years, sources familiar with the matter said on Friday.
Source: Reuters-Global Times | 2018/8/19 16:53:40

Malaysia witnesses mobile payment, e-commerce boom thanks to Chinese tech giants

Twenty-nine-year-old Farhad Fahd Bin Othman, a white collar worker based in Kuala Lumpur, has long been dreaming about using a mobile phone to handle all daily transactions, like the people of his age do in China. So the minute he heard about a new mobile application called the Touch n' Go e-wallet, he didn't hesitate to download it.
Source: Xinhua-Global Times | 2018/8/19 16:53:39

China bans major ratings agency Dagong from new securities rating business for one year for violations

One of China's biggest credit rating agencies was jointly disciplined on Friday by the national financial market supervisory group and the regulator of the Chinese stock market for violating regulations and providing false information.
Source: Global Times | 2018/8/19 14:03:39

New Silk Road brings more than trade to China, Europe

Truck driver Lusso is waiting at the Duisburg Intermodal Terminal (DIT) for a freight train from China. He is one of the several hundreds of truck drivers waiting at the largest of the nine terminals of the Port of Duisburg in western Germany to ship a China Railway Express-branded container.
Source: Xinhua | 2018/8/19 10:13:55

Yuan's international usage remains stable: report

International usage of Chinese currency renminbi, or the yuan, remains stable despite a sharp fall in the offshore exchange rate, according to a new report by Bank of China (BOC).
Source: Xinhua | 2018/8/18 17:32:48

China approves two IPO applications

China's top securities regulator has approved new IPO applications from two companies, which will raise no more than one billion yuan (about 144.93 million US dollars) in the A-share market.
Source: Xinhua | 2018/8/18 11:05:10

Number of US active drilling rigs stays flat this week

The number of active drilling rigs in the United States stayed flat this week, showed weekly data released by Baker Hughes on Friday.
Source: Xinhua | 2018/8/18 11:04:50