BIZ

China Unicom leading SOE reform


China’s mixed-ownership reform in State-owned enterprises (SOEs) has made steady progress in recent months, illustrated by China Unicom’s plan for a 78 billion yuan ($11.69 billion) stake sale involving high-profile investors including Tencent, Baidu and Alibaba.

Real estate stabilization

Beijing authorities are mulling over new homes that will be owned jointly by the government and individuals to help first-time home buyers get onto the ...

Let’s breed

The donkey is more than just a mode of transport in some less economically developed countries. Its skin can be used to produce ejiao, a ...



Sino-Thai rail on track for October start

After many delays, construction of a Sino-Thai rail project should be able to start by October, Chinese experts said on Sunday, after that timeframe was suggested by Thai Ambassador to China Piriya Khempon. But the experts also warned that construction could be still hindered by factors such as political instability.
Source: Global Times | 2017/8/20 20:23:40

Shouqi eyes overseas market

Beijing-based Shouqi Limousine & Chauffeur, a car-hailing platform under State-owned Beijing Shouqi Group, plans to provide car-hailing services through its app for overseas users, Japanese business publication Nikkei reported Thursday.
Source: Global Times | 2017/8/20 20:23:39

Ofo launches in Seattle

China’s leading bike-sharing platform Ofo aims to expand business to at least 200 cities in 20 countries and regions by 2017 with daily orders hitting 20 million, co-founder Zhang Siding said Saturday during the China Entrepreneurs Forum.
Source: Global Times | 2017/8/20 20:18:39

Making Headlines

Mid-year financial statements
Source: Global Times | 2017/8/20 20:08:40

Technology can help realize communism: JD.com CEO

Liu Qiangdong, founder and CEO of Chinese e-commerce giant JD.com, stirred up a debate online after he suggested in a recently published report that with technology advancing in recent years, China can fully realize a communist society, with neither poor nor rich people and all companies being nationalized.
Source: Global Times | 2017/8/20 20:08:39

Brazilian fuel unit set for listing in November: media report

Citigroup Inc and seven other banks will underwrite the IPO of Petroleo Brasileiro SA’s fuel distribution unit, also known as Petrobras, which will likely occur in November, a person with direct knowledge of the plan said.
Source: Reuters-Global Times | 2017/8/20 20:08:39

Figuratively Speaking

Chinese entrepreneurs’ confidence development index in the first half of 2017, up from 53.18 in the first six months of 2016.
Source: Global Times | 2017/8/20 20:03:39

Let’s breed

The donkey is more than just a mode of transport in some less economically developed countries. Its skin can be used to produce ejiao, a traditional Chinese medicine that is gaining worldwide popularity due to its blood-nourishing benefits. But the rising demand of ejiao is causing the mass death of donkeys every year. And farmers’ reluctance to enhance breeding has provoked concerns among experts that the global donkey population is at risk of endangerment. In order to ensure a supply-demand balance in the market, an international alliance of firms and experts has recently been established to boost donkey cultivation around the world.
Source: Global Times | 2017/8/20 18:23:39

China iron ore futures rise on robust high-grade demand

China’s iron ore futures soared nearly 7 percent Friday, with steelmakers eyeing high-grade ore to boost output and continuing to cash in on firm demand for the building material in the world’s top producer.
Source: Reuters-Global Times | 2017/8/20 18:08:40

Emerging markets embrace green bond issuance

Emerging economies are increasingly selling green bonds to Western investors hungry for environmentally-friendly investments, but there is a concern some of the new deals don’t meet the standards required.
Source: Reuters-Global Times | 2017/8/20 18:08:39

Shanghai stocks post a strong weekly gain

Chinese mainland stocks ended the past week higher, with investors showing optimistic attitudes toward companies’ strong earnings and economic fundamentals.
Source: Global Times | 2017/8/20 18:08:39

Cargo train links China's Qinghai with Russia

A new China-Europe freight train service began Sunday, linking Russia with Golmud in Qaidam Basin, northwest China's Qinghai Province.
Source: Xinhua | 2017/8/20 17:09:46

China Merchants Bank posts faster profit growth in H1

China Merchants Bank, a mid-sized Chinese lender, posted better net profit growth in the first half of the year with a higher net interest income.
Source: Xinhua | 2017/8/20 14:29:22