Talent shortage hampers China's IC sector

There is a huge talent gap in the domestic integrated circuit (IC) industry, a sector the country has been striving to promote recently, but experts believe the gap could be overcome by offering more competitive salaries, strengthening related education and cultivating interdisciplinary talent.

China office browser developer denies cloning Google

Domestic office browser developer Redcore claimed on Thursday that its kernel is not simply “a Google kernel covered with a proprietary coat,” but a system with innovations and modifications, although the company did admit that it was developed based on Google Chrome.
Source: Global Times | 2018/8/16 21:53:40

Tencent Q2 revenue misses expectations, dragged down by mobile games

China's internet giant Tencent Holdings' second-quarter financial results missed expectations, dragged down by its mobile game performance.
Source: Global Times | 2018/8/16 21:23:40

Chinese e-commerce stores sell T-shirts with slogans against trade war

T-shirts with anti-trade war slogans are being sold on China's e-commerce platforms, highlighting Chinese sentiment toward the US is becoming increasingly disturbed amid rising trade tension with the US.
Source: Global Times | 2018/8/16 21:18:40

China to scale up investment in chip design

Chinese chipmakers should scale up investment in chip design and production where they have already made certain breakthroughs, industry insiders said at a forum, noting that such efforts could drive up the growth of the whole industry chain and lend China more bargaining chips amid escalating trade tensions with the US.
Source: Global Times | 2018/8/16 20:54:47

Chinese economy to maintain stable, positive growth: economist

The Chinese economy is on a solid footing to maintain a stable and positive trend despite a complicated domestic and external environment.
Source: Xinhua | 2018/8/16 20:13:46

Manganese discovery

Surveyors have discovered huge deposits of manganese in Northwest China's Xinjiang Uyghur Autonomous 65 Region, the local land and resources authority said.
Source: Reuters-Global Times | 2018/8/16 19:58:41

Evergrande project

Property developer China Evergrande Group on Thursday said it will invest 1.65 billion yuan ($239.53 million) in six high-tech projects ran by the Chinese Academy of Sciences, including one aimed at building the world's fastest supercomputer.
Source: Reuters-Global Times | 2018/8/16 19:58:41

PBC resumes reverse repos to maintain liquidity

China's central bank resumed reverse repo operations on Thursday after 19 consecutive trading days of suspension to pump in more liquidity.
Source: Xinhua-Global Times | 2018/8/16 19:58:40

Rents up in first-tier cities due to rising demand, short supply

Rents in first-tier cities rose in July, which experts said was mainly driven by increasing demand from college graduates and short supply in local markets.
Source: Global Times | 2018/8/16 19:58:40

Infrastructure approvals quadrupled

China has almost quadrupled the value of fixed-asset investment projects approved in July, as it looks to accelerate infrastructure spending to boost a cooling economy.
Source: Agencies-Global Times | 2018/8/16 19:53:40

LGFV makes overdue payments after rare bond default

A State-owned asset management firm in Northwest China's Xinjiang Uyghur Autonomous Region has made payments on its bonds after missing the deadline earlier, in what was a very rare bond default by a Chinese local government financing vehicle (LGFV).
Source: Reuters-Global Times | 2018/8/16 18:03:40

Mainland stocks fall for 4th session on weak yuan

Chinese mainland stocks hit a near two-and-half-year low in early trading on Thursday as the yuan's recent fall dampened investor confidence, but news of China-US trade talks for later this month helped recoup some of the losses.
Source: Reuters-Global Times | 2018/8/16 18:03:40

Foreign investors gain more access to A shares

China will allow foreigners to open their securities accounts in the A-share market, with experts calling this a “significant leap” that can introduce more capital to the market as well as help listed firms attract foreign talent.
Source: Global Times | 2018/8/16 18:03:39