BIZ

Yiwu entrepreneurs outsmart Trump tariffs


Entrepreneurs in Yiwu, East China's Zhejiang Province, who are particularly adept at overseas trade, are using such tactics as small-volume exports and shifting the focus of their trade to fend off the blows of rising tariffs on exports to the US.


5G-enabled farming robot launched in East China

In a greenhouse, a white robot moves in between two rows of leafy greens while data about the plants are gathered and fed back to a control room.
Source: Xinhua | 2019/6/18 10:54:30

Chinese, Egyptian auto firms form joint venture to manufacture MG cars in Egypt

China's auto industry SAIC Motor and Egypt's largest car sales company Mansour Automotive Group signed on Monday in Cairo a joint venture agreement to manufacture MG brand cars in Egypt.
Source: Xinhua | 2019/6/18 10:18:10

China continues to claim most supercomputers on Top500 list

China continues to dominate a list of the world's fastest supercomputers by the number of systems, according to a semi-annual ranking of the Top500 published Monday.
Source: Xinhua | 2019/6/18 9:47:50

Shanghai-London Stock Connect goes live

The long-awaited Shanghai-London Stock Connect went live on Monday afternoon (Beijing time), enabling British companies to raise funds in Shanghai and vice versa.
Source: Global Times | 2019/6/17 22:34:11

Work on transportation artery Sichuan-Tibet Railway making progress

Construction work on the final section of the Sichuan-Tibet Railway will start shortly, said Southwest China's Sichuan Province Party chief during a press conference at the State Council Information Office (SCIO) on Monday. Analysts said the railway will serve as a major transportation artery linking China and South Asia.
Source: Global Times | 2019/6/17 22:23:40

Huawei won't be beaten to death: Ren Zhengfei

Huawei, the world's 5G technology leader, will not be "beaten to death" by the US government despite Washington's current efforts to blacklist and suffocate the Chinese high-technology company, said Ren Zhengfei, Huawei's founder and chief executive officer.
Source: Global Times | 2019/6/17 22:13:41

Controversy over UBS pig comment likely to ferment

Zurich-based UBS is likely to encounter more setbacks in the Chinese market as its measures involving its chief economist Paul Donovan are not "thorough," analysts told the Global Times on Monday.
Source: Global Times | 2019/6/17 22:08:40

China to tame illegal rare-earth exports, mulls tracking system

China has vowed to impose stern export restrictions on its rare-earth resources and may introduce a tracking mechanism for the rare-earth industry to ensure export compliance, an official said on Monday.
Source: Global Times | 2019/6/17 22:08:40

US homes lose appeal as tension mounts

US residential real estate, the most appealing overseas investment item among Chinese investors in recent years, is increasingly being shunned as bilateral trade tensions build. US real estate is being transformed from a stable, appreciating asset into a risky class of investment in Chinese eyes, after the US started a trade war against China.
Source: Global Times | 2019/6/17 19:58:39

Appointment of Google's new Greater China head reflects its interest in the Chinese market

US search engine giant Google has appointed Chen Junting (Stanley Chen) as its managing director of Greater China, in charge of sales and operations, a move that signals the US tech giant attaches rising importance to the Chinese market in spite of the ongoing US-led tech cold war, industry analysts said.
Source: Global Times | 2019/6/17 19:53:39

China-Russia economic, trade index reflects stronger bilateral relationship

The first China-Russia (Harbin) economic and trade index was released Sunday in Harbin, capital of Northeast China's Heilongjiang Province, according to the Xinhua News Agency.
Source: Global Times | 2019/6/17 19:48:40

Chinese nuclear power plants open up to public to prove confidence in safety

No nuclear events above Level 2 on the International Nuclear Event Scale has ever occurred in China
Source: Global Times | 2019/6/17 18:53:40

AI, drone technology transform China's agri-business, launching it into the future of modern farming

The Chinese farmers' traditional working scene, which usually featured a sweaty vest and chapped hands is gradually being converted by the country's technological advancements in relation to artificial intelligence (AI), cloud computing and a series of improvements in infrastructure.
Source: Global Times | 2019/6/17 18:18:39