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.


Poor credit records get 14.09m people blacklisted: report

A total of 14.09 million people had been blacklisted for bad credit records in China as of May, chinanews.com reported Monday, citing the National Development and Reform Commission (NDRC), China's top economic planner.
Source: Global Times | 2019/6/17 18:08:40

Foxconn refutes rumors about plan to leave the Chinese mainland

Foxconn Technology Group, a major contractor of the world's digital devices, denied rumors it was going to leave the Chinese mainland and move to other markets.
Source: Global Times | 2019/6/17 17:33:39

Huawei fully prepared for US government ban, will not be 'beaten to death'

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-tech company, said Ren Zhengfei, Huawei's founder and chief executive officer.
Source: Global Times | 2019/6/17 17:03:56

Huayi Brothers' stock plunged after its war film was yanked from SIFF opening event

Huayi Brothers' media stock tumbled by as much as 7.07 percent to 5.39 yuan ($0.78) at midday on Monday after its war film was withdrawn from the opening ceremony of the 22nd Shanghai International Film Festival (SIFF) on Saturday.
Source: Global Times | 2019/6/17 16:52:21

Microbial skincare

L'Oréal, the world's largest beauty group, recently shared its latest findings of its 15 years of skin microbiome research.
Source: Global Times | 2019/6/17 16:42:56

Huawei to invest 100 bln USD on more efficient network

China's tech giant Huawei will invest 100 billion US dollars in the next five years to make network infrastructure more efficient and reliable, Huawei founder and CEO Ren Zhengfei said Monday.
Source: Xinhua | 2019/6/17 16:25:13

DJI launches RoboMaster S1 product, targeting the educational robot field

DJI, the global leader in civilian drones and aerial imaging technology was surprised to see their newly-launched educational robot has gained more popularity in the market than it expected.
Source: Global Times | 2019/6/17 15:39:54

China opposes other countries using products made with its rare earths to curb Chinese development: official

China firmly opposes to any attempts by any country to use products made with China's rare-earth resources to curb China's development, an official said on Monday.
Source: Global Times | 2019/6/17 14:33:50

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 great importance to the Chinese market in spite of the ongoing US-led tech cold war, industry analysts said.
Source: Global Times | 2019/6/17 12:10:20

Experts back commercialization of Vodafone's 5G network with Huawei as main supplier

British telecommunications giant Vodafone's 5G rollout in Spain in cooperation with Chinese telecom company Huawei gained support from experts and industry insiders, who said the technology will revolutionize the way we live.
Source: Xinhua | 2019/6/17 11:02:01

Global AI chip market to grow tenfold in next five years: white paper

The global market for mobile artificial intelligence (AI) chips is expected to reach 3.8 billion US dollars in 2022, a tenfold growth from the 2017 figure, said a white paper.
Source: Xinhua | 2019/6/17 10:38:07

Xinjiang manufacturer rush socks to the US amid tariff threats

On Sunday afternoon at a textile industrial park in Aksu, Northwest China's Xinjiang Uyghur Autonomous Region, factories were closed for their one-day weekend, yet a few remain open. Among them is Aksu Hengchang Textile Ltd. Inside one of the company's workshops, six employees were packaging newly made socks.
Source: Global Times | 2019/6/17 1:10:02

Xinjiang city eyes pharmaceutical expansion

A border city in Northwest China's Xinjiang Uyghur Autonomous Region is eyeing the Central Asian markets for pharmaceutical products and equipment, after opening a regional drug distribution center and an industry expo to attract domestic and foreign companies.
Source: Global Times | 2019/6/16 21:33:40