BIZ

Canadian tourism facing drop, with Chinese visitors put off by arrest of Huawei exec


Chinese netizens are calling for a boycott of tourism in Canada and some are even questioning the safety of visiting the country following the arrest of a senior Huawei executive.


China ponders tech strategy; cautious approach urged in handling Huawei, US firms

China should prepare a set of savvy long-term measures to counter US blackmailing tactics aimed at containing China's rapid technological rise and avoid knee-jerk responses involving companies like Huawei, Apple or Qualcomm, Chinese analysts warned on Tuesday.
Source: Global Times | 2018/12/11 23:18:40

China won't close its doors for tech collaboration even after Huawei CFO' arrest: experts

China will pursue its own path in technology development by welcoming competition and further opening up its market, and will not shut its doors when facing external pressure, experts said.
Source: Global Times | 2018/12/11 22:27:24

Botswana looks to investment from China to develop economy

Editor's Note: Botswana is a landlocked country located in the southern African continent. In recent years, the country has been looking to China's investment to boost its social and economic development. Global Times reporter Xing Xiaojing (GT) talked to Reginald Selelo (Selelo), chief operating officer of the Botswana Investment and Trade Center (BITC), to discuss the potential of Chinese investment in Botswana. In 2017, bilateral trade reached $267 million. As of the end of 2017, Chinese companies had signed $10.16 billion worth of contracts in Botswana.
Source: Global Times | 2018/12/11 21:21:00

Market demand drives global port expansion

China's global expansion in the port sector is driven by global market demand, Chinese experts said on Tuesday after the inauguration of another major port invested by China in the United Arab Emirates (UAE).
Source: Global Times | 2018/12/11 21:20:54

Nation consults on rules for financial holding companies

China's central bank has started seeking internal feedback on draft rules regulating financial holding companies, targeting big-name conglomerates that hold multiple financial licenses, said two sources with direct knowledge of the matter.
Source: Reuters-Global Times | 2018/12/11 20:53:41

Huawei unit introduces smartphone model to Kenya

Chinese telecom firm Huawei Mobile Kenya on Monday introduced its latest smartphone, the Huawei Y5 Lite phone, to the Kenyan market.
Source: Xinhua-Global Times | 2018/12/11 20:53:41

Henan vows to further open auto, aircraft sectors to foreign investors

Central China's Henan Province, the country's fifth-biggest province by economic output, has pledged to open up its markets further to foreign investors, easing investment curbs on its automobile and aircraft industries and loosening rules on employment of foreigners.
Source: Reuters-Global Times | 2018/12/11 20:53:40

Ethanol set to triple

China is set to more than triple its ethanol production capacity by 2020, a government researcher said on Tuesday, with demand for the commodity expected to surge as the country shifts toward cleaner fuels.
Source: Agencies-Global Times | 2018/12/11 20:48:40

First quantum system

China's first quantum computer control system with independent intellectual property rights has been launched in Hefei, East China's Anhui Province, sources with the city's high-tech zone said on Tuesday.
Source: Agencies-Global Times | 2018/12/11 20:48:40

PBC skips reverse repo for 33rd day

The People's Bank of China (PBC), the central bank, on Tuesday skipped reverse repo for the 33th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system. No reverse repo will mature Tuesday.
Source: Xinhua | 2018/12/11 19:58:39

Blanket excitement

Workers at a textile retailer prepare for the December 12 online shopping festival in the Textile City in Nantong, East China's Jiangsu Province on Monday. Textile firms are eyeing a sales bonanza of 10 billion yuan ($1.45 billion) this year in the second Alibaba-led shopping promotion in a year. Online retail volume in the city accounts for more than 50 percent of total online textile sales in China. Photo: VCG
Source: VCG | 2018/12/11 19:23:39

November car sales fall 14 percent, steepest contraction since 1990: industry body

China's automobile sales fell 13.9 percent in November from a year earlier, the country's top auto industry association said Tuesday, marking the steepest drop in more than six years in the world's largest auto market.
Source: Reuters-Global Times | 2018/12/11 19:18:40