BIZ

Huawei Facts webpage launched, firm vows transparency, openness in global market


Faced with growing obstacles in overseas markets in recent months, China's Huawei Technologies has not been intimidated and scaled down its global ambitions. Instead, the company has come up with more measures to become more open and transparent.


Forging ahead

People are busy at work building the Xuzhou-Yancheng High-speed Railway in Huaian, East China's Jiangsu Province on Monday, the first working day after the seven-day Spring Festival holiday. The railway is expected to be open to traffic by the end of 2019. The total investment is 42.8 billion yuan ($6.32 billion) for the 314-kilometer line, which starts from Xuzhou, runs through Suqian and Huaian and ends in Yancheng. Photo:VCG
Source: VCG | 2019/2/12 22:28:40

Shanghai business climate plans

The Shanghai city government held a meeting on Monday in a bid to further optimize the business environment and improve government efficiency in the city, according to a report by the Xinhua News Agency on Monday.
Source: Global Times | 2019/2/12 22:22:31

China issues new rules for foreigners taking part in stock incentive programs

The State Administration of Foreign Exchange (SAFE) has issued detailed rules on how foreign workers can engage in cross-border income and expenditure transactions, capital transfers, and foreign exchange settlements if they take part in a stock incentive program in a company listed on the Chinese mainland.
Source: Global Times | 2019/2/12 22:18:41

India TATA's woes show foreign car makers should build up brands to tide over sales 'winter' in China: analysts

Once considered a place where it's easy to make a windfall profit, the Chinese market, where car sales lost momentum last year, has become more challenging for some overseas vehicle brands.
Source: Global Times | 2019/2/12 22:13:43

Suning acquisition discussions

The Shenzhen Stock Exchange held a talk with suning.com as the Chinese retail giant's purchase of Wanda's department stores seems to fall short of meeting the credit approval standard, domestic news site bjnews.com.cn reported on Tuesday.
Source: Global Times | 2019/2/12 22:13:41

Xinjiang improves customs clearance efficiency record

Customs clearance efficiency at the border ports in Northwest China's Xinjiang Uyghur Autonomous Region significantly improved last year thanks to reform measures.
Source: Global Times | 2019/2/12 22:13:40

Chinese stocks rally, boosted by strong policy support and MSCI addition of A shares

Chinese mainland stocks gained on Tuesday after global index provider MSCI added 13 Chinese companies to its MSCI Global Standard Indexes. Shares were also lifted by fresh policy stimulation for certain sectors.
Source: Global Times | 2019/2/12 22:08:40

Economic slowdown doesn't dent Chinese youngsters' appeal for luxury makeup

China's economic slowdown has not impacted the consumers' purchasing power, at least not when it comes to high-end beauty products. Last year, thriving demand from the Chinese market for luxury skincare products bolstered the revenues of major cosmetics makers – including L'Oreal, Estee Lauder and Shiseido – that were facing tougher times in Europe and the US.
Source: Global Times | 2019/2/12 21:58:41

China's workers return to rural roots

Should I stay or should I go? That's become the question for millions of rural workers now that the Chinese New Year holidays are over. Rural workers, who have long gone to big cities for work, now have many opportunities at home as local governments strive to provide jobs and businesses.
Source: Global Times | 2019/2/12 20:23:41

Huawei pushes back in Europe

Leading Chinese telecommunications equipment manufacturer Huawei Technologies is taking the initiative to protect its lawful business interests in Europe, as the company reportedly threatened to sue the Czech security authority over a warning issued by the latter, Chinese analysts said on Tuesday.
Source: Global Times | 2019/2/12 20:13:40

Investors brace for China tech funding suffering 'down rounds'

Investors are bracing for a series of “down rounds” in China's much-hyped tech sector as weak stock markets worldwide and the country's economic slowdown weigh on the once-buoyant private markets.
Source: Reuters | 2019/2/12 18:58:40

Club Med suffers criticism after norovirus outbreak

Club Med has promised compensation, on Tuesday, to affected guests, after eight people were confirmed to have received medical treatment for norovirus by local government officials, at a luxury resort Club Med in Northeast China's Heilongjiang Province, according to Chinese financial website finance.ce.cn on Monday.
Source: Global Times | 2019/2/12 17:14:00

Suning.com to acquire Wanda department stores in offline retail expansion

Chinese e-commerce giant Suning.com will acquire all Wanda Department Stores to expand its offline presence and improve their shopping experience, the company announced Tuesday.
Source: Xinhua | 2019/2/12 16:48:42