BIZ

Trump flags from Chinese factories delayed at US customs; US search for alternative suppliers likely to be hard


Chinese wholesalers in Yiwu, East China's Zhejiang Province who are selling flags supporting US President Donald Trump's mid-term election campaign doubt the US will be able to shift its orders out of China and find alternative suppliers.


As China rises in AI, US tech firm turns to Chinese start-up for technologies

US-based technology company Xilinx Inc announced on Tuesday that it has acquired a leading Chinese start-up specializing in artificial intelligence (AI) chips called DeePhi Technology Co, reversing a long-standing trend of Chinese companies going abroad for such acquisitions and signaling the rise of the Chinese AI industry.
Source: Global Times | 2018/7/19 22:13:40

Sinopec launches $1.5b firm

Sinopec Group has launched a 10 billion yuan ($1.48 billion) investment firm in China's new economic zone of Xiongan to fund new-energy, green products and artificial intelligence, the company said on Thursday.
Source: Agencies | 2018/7/19 20:53:40

2k smuggling cases investigated in H1

Chinese customs authorities investigated a total of 1,988 smuggling cases in the first half of this year, the Xinhua-run Economic Information Daily reported on Thursday.
Source: Agencies | 2018/7/19 20:53:39

US LNG to China declines amid dispute

As the trade war between China and the US escalates, fewer vessels carrying US liquefied natural gas (LNG) have arrived in China over the past two months.
Source: Reuters - Global Times | 2018/7/19 20:48:39

Xi's trip to strengthen China-Africa economic and trade relations: official

Chinese President Xi Jinping's visits to several African countries will further strengthen the economic and trade relations between China and Africa, Chinese officials said.
Source: Global Times | 2018/7/19 20:43:39

China leading in heritage work

China takes a world-leading position in agricultural heritage work, which can help promote rural construction and offer a model for other developing countries, experts said on Thursday.
Source: Global Times | 2018/7/19 20:38:39

European utilities view out-of-sight droning as next frontier for grid monitoring

Flying robots that can travel dozens of kilometers without stopping could be the next big thing for power companies.
Source: Reuters-Global Times | 2018/7/19 20:16:16

Swissôtel to host Swiss Food Festival

The first thing that might come to mind when talking about Switzerland is the Alps, Lake Geneva or Swiss watches and army knives.
Source: Global Times | 2018/7/19 18:36:52

Boeing lifts industry demand forecast as air show deals roll on

Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals during the ongoing Farnborough Airshow underscored the industry's resilience to rising global trade tensions.
Source: Reuters-Global Times | 2018/7/19 17:08:51

Largest oil shipment sent from Canada to Guangdong since 2015

An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data showed.
Source: Reuters-Global Times | 2018/7/19 17:08:51

Mainland stocks down; airlines fall on weak yuan

Chinese mainland stocks dropped on Thursday, despite moves by the central bank to encourage more bank lending, as persistent yuan weakness hit airline stocks.
Source: Reuters-Global Times | 2018/7/19 17:08:51

China can cope with any challenges: SAFE

China's foreign exchange regulator said it has to assess the impact of trade friction on capital flows and will use “counter-cyclical” measures to respond to short-term volatility, but expressed confidence that the country can cope with any challenge, given its “ample” reserves.
Source: Agencies-Global Times | 2018/7/19 17:08:40

US lawmakers urge Trump administration to drop auto import probe

More than 140 lawmakers in the US House of Representatives on Wednesday urged the Trump administration to drop a national security investigation into automotive imports.
Source: Xinhua | 2018/7/19 13:42:55