BIZ

HK youth looking to mainland


More and more young entrepreneurs from Hong Kong are coming to the Chinese mainland to start businesses, taking advantage of vigorous support from the central government and improving conditions for businesses.

Cruise golden age

As Chinese cruise tourist numbers get set to reach 2.6 million this year, market analysts share their perspectives on the growing domestic cruise tourism market ...

Thriving border city

Heihe, a border city in Northeast China’s Heilongjiang Province, is considered the ‘‘twin city’’ of Russia’s Far East Blagoveshchensk. The distance between the two cities ...



Mobike launches service in Sapporo, Japan

A TV reporter tries out a shared bicycle in Sapporo, Japan, on Aug. 22, 2017. Mobike, one of China's largest bike-sharing companies, launched its service in Sapporo, Japan, on Tuesday.
Source: Xinhua | 2017/8/23 7:58:36

China to train Ugandan military engineers for SGR construction

A team of ten Ugandan military engineers are scheduled to leave for China where they will be trained in railway construction.
Source: Xinhua | 2017/8/23 7:48:27

Chinese firm to deliver Nigeria's metro rail by December

The China Civil Engineering Construction Corporation (CCECC) Tuesday said the phase one of a rail transit project in Nigeria's Abuja will be commissioned by December.
Source: Xinhua | 2017/8/23 7:44:30

Hyundai to launch new pickup and SUV in US to revive sagging sales

South Korean auto giant Hyundai plans to launch a pickup truck and a small SUV in the US to reverse its sales slide in one of its most important market, as American consumers drift away from sedans.
Source: Xinhua | 2017/8/23 7:42:16

LG Electronics plans to open plant in Michigan

LG Electronics Inc. plans to open a factory in Hazel Park, the suburbs of Detroit, to produce EV components.
Source: Xinhua | 2017/8/23 7:38:41

Thai cabinet approves design contract of Thailand-China railway project

Thai cabinet on Tuesday approved the draft design contract of the Thailand-China railway project to pave the way for the signing early next month.
Source: Xinhua | 2017/8/22 22:52:53

Chinese carmaker to build monorail in Philippines

China's leading new-energy carmaker BYD announced Tuesday that it will build a monorail transit system in the Philippines.
Source: Xinhua | 2017/8/22 22:11:29

China pushes SOE restructuring

The Chinese government has been pushing for robust efforts in restructuring State-owned enterprises (SOEs) in recent years, having cut the number of centrally administered SOEs by half since 2003. And new plans are in the works to continue the reforms.
Source: Global Times | 2017/8/22 21:38:39

Arrests made over pyramid fraud

Police in South China’s Guangxi Zhuang Autonomous Region said they have arrested 368 people involved in pyramid schemes.
Source: Global Times - Xinhua | 2017/8/22 21:33:39

China, Indonesia sign deal

China and Indonesia on Tuesday signed a memorandum of understanding (MOU) for enhancing cooperation on financing for infrastructure projects, China’s Ministry of Commerce announced in a statement.
Source: Global Times - Xinhua | 2017/8/22 21:28:40

PBC to offer credit support for poor areas

China’s central bank has called for the country’s financial institutions to give more credit support to poor areas to help lift people out of poverty.
Source: Xinhua | 2017/8/22 21:28:40

Official warns of ‘gray rhino’ risks in real estate market as speculation continues

A top Chinese official on Tuesday warned against what he described as “gray rhino” risks in the domestic real estate market and urged caution to prevent “potential disaster caused by the bursting of a bubble.”
Source: Global Times | 2017/8/22 21:28:39

Banks raise billions for B&R

China’s largest State-owned commercial banks are raising tens of billions of dollars to fund projects in countries along the route of the Belt and Road initiative (B&R), according to people familiar with the matter, bolstering China’s ambitious plan as private capital pulls back.
Source: Reuters-Global Times | 2017/8/22 21:28:39