BIZ

Alibaba's Yu'e Bao becomes largest money market fund globally


Alibaba's four-year-old Yu'e Bao surpassed JPMorgan's US government money market fund to become the world's largest, according to the Financial Times.


Customized travel market set to take off in next 2 years: Ctrip

Leading China-based online travel agency Ctrip on Wednesday launched “Version 2.0” of its customized tour service, marking the platform’s further expansion in individualized travel.
Source: Global Times | 2017/4/26 22:13:40

Focus on value will boost steel

The advantages of China’s steel industry should be reinforced and improved by concentrating on high value-added products that will enhance the sector’s international competitiveness and help avoid trade disputes, experts noted.
Source: Global Times | 2017/4/26 22:13:40

Xi stresses financial security, improved domestic competitiveness

Chinese President Xi Jinping has called for concrete efforts to maintain the nation's financial security, the Xinhua News Agency reported on Wednesday.
Source: Global Times - Xinhua | 2017/4/26 21:58:40

Nepal can be bridge for India role in Belt, Road

To further strengthen economic ties between Southwest China's Tibet Autonomous Region and Nepal, China will try harder to get India to see the benefits of participating in the "One Belt, One Road" initiative, and growing border trade will help stabilize Tibet.
Source: Global Times | 2017/4/26 21:53:40

Figuratively Speaking

20-30 Chinese cities that will be designated this year for pilot projects involving the “Made in China 2025” drive.
Source: Global Times | 2017/4/26 21:03:40

China Mobile to cut roaming charges along Belt and Road

China Mobile, China's leading telecom services provider, announced Wednesday that it will lower roaming charges in 64 countries and regions along the Belt and Road.
Source: Xinhua | 2017/4/26 21:01:29

Xi stresses financial security

President Xi Jinping has called for concrete efforts to maintain China's financial security.
Source: Xinhua | 2017/4/26 20:56:34

Container wrangler

A freighter docks at the Rizhao port in East China’s Shandong Province on Wednesday. In the first quarter of 2016, Rizhao Port Group Co handled 754,600 twenty-foot equivalent units, up 8.64 percent year-on-year.
Source: CFP | 2017/4/26 19:58:40

Stocks extend gains as regulatory concerns recede

Chinese mainland stocks extended gains into a second day on Wednesday, as renewed optimism about the US economy and easing concerns about China’s regulatory tightening lifted sentiment in global equity markets.
Source: Reuters-Global Times | 2017/4/26 19:48:40

London copper buoyed as greenback weakens

London copper held near its highest in a week on Wednesday as the US dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies.
Source: Reuters-Global Times | 2017/4/26 19:43:40

Yen sags as sentiment recovers, euro holds firm

The dollar edged higher against the yen on Wednesday, while the euro held firm near a 5.5-month high due to receding concerns about the risks posed by the French presidential election.
Source: Reuters | 2017/4/26 19:43:40

Sportswear’s dash to digital

E-commerce has swept the sportswear industry both at home and abroad. According to the latest annual reports of several sportswear companies, online sales have grown into an important source of revenue for the industry. The global sportswear industry is gradually turning to e-commerce to improve its business – a change that is being driven in part by the growing Chinese market, where e-commerce accounts for a significant proportion of sales. Still, some companies have been slow to embrace the change, relying primarily on their own online channels. An expert suggested they should cooperate with major e-commerce retailers to take full advantage of the shift online.
Source: Global Times | 2017/4/26 19:33:43

Translation tech booms in Xinjiang

Forget about Google’s multilingual Neural Machine Translation system.
Source: Global Times | 2017/4/26 19:08:40