BIZ

GM to invest 300 mln USD in US plant to produce new EV


General Motors (GM) plans to invest 300 million US dollars at its Orion assembly plant in the US state of Michigan to produce a new Chevrolet electric vehicle (EV), said the US automaker on Friday.


UK visa statistics show 11% growth in China last year

China contributed to a massive quarter of UK visas issued globally last year, according to the latest quarterly report on immigration statistics published by UK's Home Office.
Source: Global Times | 2019/3/21 17:48:42

Lamborghini aims for localization of in-vehicle technology in China

China has becomes an important market for Lamborghini and the company is making more efforts to team up with local partners for in-vehicle technology, a senior executive of the Italy-based company said.
Source: Global Times | 2019/3/21 17:33:40

German fund aims to foil foreign acquisitions

Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by all foreign companies, government sources said, in a marked shift from its “hands-off” approach to business.
Source: Reuters | 2019/3/21 17:28:40

China's Alibaba group announces plans to usher in 'all-in-cloud' era

Alibaba Group has cooperated with the government in Beijing's sub-center of Tongzhou to launch a cloud-based “city brain” for local environmental protection, Alibaba's executive announced on Thursday at a cloud summit in Beijing marking the 10th anniversary of the establishment of Alibaba's cloud business.
Source: Global Times | 2019/3/21 16:55:27

PepsiCo announces 50m yuan investment plans for community programs in China

PepsiCo, one of the world's leading food and beverage companies, announced on Thursday, its intention to invest a total of 50 million yuan for community programs in China during PepsiCo's Chairman and CEO Ramon Laguarta's visit to Shanghai.
Source: Global Times | 2019/3/21 16:53:56

Google to launch browser-based games

Alphabet Inc's Google announced that it would launch a browser-based video game streaming service this year to capitalize on the company's cloud technology and global network of data centers.
Source: Reuters-Global Times | 2019/3/21 16:48:40

China, US to hold back-to-back trade talks: Commerce Ministry

Chinese and US officials have planned two rounds of trade negotiations next week and in early April, as the two sides are aiming to reach a trade agreement to end the trade war, China's Commerce Ministry said on Thursday.
Source: Global Times | 2019/3/21 16:42:51

Unaffordable housing prices, urbanization curb China's marriage rate: analyst

High housing prices and urbanization are among the reasons behind China's declining marriage rate, which touched a five-year low last year, an analyst said.
Source: Global Times | 2019/3/21 14:29:25

Belarus-China car maker plans to produce executive-class sedans

Belarus-China car maker BelGee planned to start the production of executive-class sedans, BelGee Acting Director General Gennady Svidersky told local media on Wednesday.
Source: Xinhua | 2019/3/21 8:43:19

Official calls for cooperation between state, private companies

Chief of China's state assets regulator has called for closer cooperation between state-owned and private enterprises to facilitate high-quality development of the broader economy.
Source: Xinhua | 2019/3/21 2:30:16

42 centrally-administrated SOEs targeted in new round of disciplinary inspection

Forty-two state-owned enterprises (SOEs) administrated by central authorities and three central government agencies are the target of the latest round of routine disciplinary inspection to be carried out by the 19th Communist Party of China (CPC) Central Committee, an official statement said Wednesday.
Source: Xinhua | 2019/3/21 2:27:53

Google fined 1.49 bln euros for anti-trust breach by EU

US internet giant Google on Wednesday received a new fine ticket of 1.49 billion euros (1.69 billion US dollars) from the European Union (EU) for breaching anti-trust rules.
Source: Xinhua | 2019/3/21 2:26:38

China, US should focus on 'content of deal'

As Chinese and US officials appear to be racing for an agreement to end their trade war, Chinese analysts urged the two sides to focus more on the content rather than any artificial deadline to ensure a final deal would be equal and fair to both sides.
Source: Global Times | 2019/3/20 22:18:40