Tech giants tap AI healthcare market

Before 2017, gastroenterologist Cheng Chunsheng had to inspect over 1,000 gastroscopy pictures to search for possible esophageal cancer symptoms, a cancer which appears in the food pipe.

China to ease financing strain for small companies

China will work to ease the financing strain and high funding costs of small companies amid continued efforts to cut costs in the real economy, the State Council decided at an executive meeting chaired by Premier Li Keqiang Wednesday.
Source: Xinhua | 2018/6/20 22:30:49

Fosun to buy Germany's FFT

Chinese conglomerate Fosun International said Wednesday that it has signed an agreement to acquire German automated and flexible production systems provider FFT GmbH & Co.
Source: Global Times - Xinhua | 2018/6/20 22:28:42

Tapping into Israeli tourism

Myway Georgian Airline Co, founded by a Chinese company, announced Tuesday that it will soon begin flights between the Georgian capital of Tbilisi and the Israeli coastal city of Tel Aviv.
Source: Global Times - Xinhua | 2018/6/20 22:28:42

Domestic film market drives global box office

China's total box office increased by 13.45 percent in 2017 to 55.9 billion yuan ($8.64 billion), making the nation's film market an engine of the global box office, according to a report Tuesday.
Source: Xinhua | 2018/6/20 22:28:41

Online soccer lotteries banned in China amid a World Cup craze

Online lottery platforms, which have gotten a boost from the ongoing World Cup, are phasing out their soccer lotteries following media reports quoting the China Welfare Lottery Center's warning that online sports lotteries are illegal.
Source: Global Times | 2018/6/20 22:28:40

'Made in China 2025' doesn't exclude foreign firms

Accusations about the “Made in China 2025” strategy are unfair and China will definitely stick to the strategy in the coming years, potentially offering new opportunities for foreign companies in advanced industries, analysts said on Wednesday.
Source: Global Times | 2018/6/20 22:23:41

Chinese investments into Australian real estate market fall due to local restrictions

Chinese buyers of Australian real estate dropped sharply in 2017 after a series of laws to limit foreign investment were passed, according to industry insiders.
Source: Global Times | 2018/6/20 22:23:40

Trust sector sees slowdown

Total assets managed by Chinese trust companies reported the first quarterly drop in two years as the government placed increasing emphasis on financial risk prevention, data from the China Trustee Association showed Wednesday.
Source: Reuters-Xinhua | 2018/6/20 22:18:40

Xiaomi raising up to $6.1b

Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong IPO this week, people with knowledge of the matter said, in what will be one of the biggest technology floats globally of recent years.
Source: Reuters-Xinhua | 2018/6/20 22:13:43

ZTE's Hong Kong shares rise after clarification of US defense bill impact

Shares of China's ZTE Corp rose 20 percent in Hong Kong on Wednesday as the impact of a US Senate bill that threatens to restore penalties on the company became clearer.
Source: Reuters-Global Times | 2018/6/20 22:13:41

Chinese fintech sector eyes Asian markets for expansion

Domestic fintech companies are increasing their efforts in overseas investment, particularly in Southeast and South Asia, to gain the initiative in these opportunity-rich local markets.
Source: Global Times | 2018/6/20 21:28:40

Housing inventories in major Chinese cities down 8.2 percent year-on-year in May

Housing inventories in China's major cities dropped 8.2 percent year-on-year in May as sweeping destocking measures kicked in, the latest industry data showed.
Source: Xinhua-Global Times | 2018/6/20 21:08:42

US underestimates China's will to fight back in trade war: experts

The US has underestimated China's determination to open up at its own pace, and China can adopt more retaliatory economic measures if the US insists on a trade war, experts said Wednesday.
Source: Global Times | 2018/6/20 21:08:42