BIZ

China pushes listed companies to strengthen Party building


The government is pushing domestically listed companies to strengthen Party building and to participate in construction of an ecological civilization, according to an amendment on governance regulations for domestically listed companies.


FDI increases by 7.6%

Foreign direct investment (FDI) into the Chinese mainland rose 7.6 percent year-on-year to 58.81 billion yuan ($9.06 billion) in May, official data showed Thursday.
Source: Xinhua | 2018/6/14 22:13:42

Xiang Junbo admits guilt

Xiang Junbo, former chairman of the China Insurance Regulatory Commission, pled guilty to taking bribes on Thursday, the Xinhua News Agency reported.
Source: Global Times | 2018/6/14 22:08:43

Agreement with China void if US imposes tariffs: ministry

China reiterated on Thursday that any agreements reached on trade between China and the US will be void if the US imposes tariffs and other trade measures.
Source: Global Times - Reuters | 2018/6/14 22:08:42

Monopoly practices may backfire on China's mobile economy

Monopolies in some of China's sharing economy need to be broken down while there should be more legal improvements to ensure workers' rights, experts said Thursday. China's booming sharing economy has been plagued with industry monopolies and rising complaints from workers about falling incomes and worsening work conditions in recent months.
Source: Global Times | 2018/6/14 22:08:41

More overseas talent returns to China, many to senior positions

LinkedIn, a US-based networking website, said in a report that the return of talent to China has shown an increasing trend in recent years, and staff in the finance and technology industries are still in hot demand.
Source: Global Times | 2018/6/14 21:33:41

ZTE shares slide again as firm moves to ensure compliance with US penalty plan

Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a US supplier ban.
Source: Reuters | 2018/6/14 21:33:40

Tencent to buy Bluehole

Chinese internet company Tencent Holdings plans to purchase a 10 percent stake in South Korean game developer Bluehole Inc for more than $500 million, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Source: Global Times | 2018/6/14 21:18:40

Alibaba backs saline rice

Alibaba has pledged to cooperate with a saline soil rice research and development (R&D) team to increase production and farmers' incomes, according to Thursday's edition of the Beijing Youth Daily.
Source: Agencies | 2018/6/14 21:13:40

CEEC, Saudi agreement

China Energy Engineering Corp (CEEC) announced on Monday that it has signed a strategic cooperation agreement with Saudi Arabia's International Company for Water and Power Projects (ICWPP).
Source: Global Times | 2018/6/14 21:13:40

Coal-to-oil conversion

China is developing new energy sources by converting coal into diesel, the Xinhua News Agency reported on Thursday.
Source: Agencies | 2018/6/14 21:13:40

Gaming firms explore global opportunities

Chinese gaming companies are exploring new opportunities at the annual Electronic Entertainment Expo (E3), which kicked off Tuesday at the Los Angeles Convention Center, the Xinhua News Agency reported Thursday
Source: Global Times | 2018/6/14 21:08:41

Pernod Ricard wines undergoing 'standard import reviews' in China

Some of Pernod Ricard's products imported into China are undergoing normal document reviews at Chinese customs and standard procedures are being followed, according to a statement the firm sent to the Global Times on Thursday in which it denied recent foreign media reports on customs delays.
Source: Global Times | 2018/6/14 21:03:41

Wedomé opens its first unmanned smart bakery store in Beijing

The first local unmanned smart bakery store was opened on May 25 in Beijing HuaPu International Plaza in Chaoyang district by the domestic bakery brand Wedomé, with an aim to provide a more convenient and easy way of consumption for the public.
Source: Global Times | 2018/6/14 18:38:39