BIZ

China Unicom leading SOE reform


China’s mixed-ownership reform in State-owned enterprises (SOEs) has made steady progress in recent months, illustrated by China Unicom’s plan for a 78 billion yuan ($11.69 billion) stake sale involving high-profile investors including Tencent, Baidu and Alibaba.

Real estate stabilization

Beijing authorities are mulling over new homes that will be owned jointly by the government and individuals to help first-time home buyers get onto the ...

Let’s breed

The donkey is more than just a mode of transport in some less economically developed countries. Its skin can be used to produce ejiao, a ...



China's home prices continue to stabilize on tough controls

China's once red-hot property market continued to show signs of cooling as home prices were faltering or posting slower growth in major cities amid the government's tough purchase curbs, official data showed Friday.
Source: Xinhua | 2017/8/18 10:58:10

China's city of lights shines with better IPR protection

Seven years ago, Ding Yunxiang's first startup failed due to copying a Italian luxury lighting brand. But today, his company in south China's Guzhen township, dubbed "China Lighting Capital," works with several Italian lighting designers.
Source: Xinhua | 2017/8/18 7:22:29

Alibaba shares climb nearly 3 pct after earnings report

Shares of China's e-commerce giant Alibaba went up 2.77 percent to close at 163.92 US dollars on Thursday after the company announced better-than-expected quarterly earnings report.
Source: Xinhua | 2017/8/18 7:15:45

China Unicom reaps hefty H1 profits amid reform

China Unicom, one of the country's three state-owned telecommunications carriers, said Thursday that its net profits surged more than 70 percent in the first half of 2017 while the company prepared for its mixed-ownership reform.
Source: Xinhua | 2017/8/18 2:03:18

Alibaba profit surges 96 pct in first fiscal quarter

China's e-commerce giant Alibaba said Thursday that its net profit jumped 96 percent to more than 14 billion yuan (2.1 billion US dollars) year on year in the first fiscal quarter ending June.
Source: Xinhua | 2017/8/18 2:01:51

Chinese firms suffer from N.Korea sanctions

Businesses in China are facing losses after the Chinese government banned imports of seafood, coal and iron ore as well as workers from North Korea as part of sanctions passed by the United Nations Security Council in response to North Korea’s ballistic missile program, business owners and experts said on Thursday.
Source: Global Times | 2017/8/17 22:33:39

China boosts Malaysian construction

Chinese investment could boost the Malaysian construction industry as billions of dollars worth of China-funded projects are under way in the country, according to a report on Thursday.
Source: Global Times - Xinhua | 2017/8/17 22:23:40

China-Nepal agreement

China and Nepal have signed an agreement on promoting investment and economic cooperation between the two countries, according to the Ministry of Commerce (MOFCOM) on Thursday.
Source: Global Times - Xinhua | 2017/8/17 22:23:39

Guidelines on logistics set to boost efficiency

The State Council, China’s cabinet, on Thursday released guidelines for reducing costs and raising the efficiency of the logistics sector.
Source: Xinhua | 2017/8/17 22:18:40

Robust Chinese demand lifts Japanese exports to ninth monthly increase in July

Robust demand from China for Japanese machinery and electrical equipment led to an increase in Japanese exports to China for a ninth consecutive month in July, according to official data on Thursday.
Source: Global Times | 2017/8/17 22:18:40

EU eases solar restrictions

The EU will gradually reduce the minimum import price for EU-bound Chinese solar panels, which is good for Chinese exporting solar firms, an insider from the China Photovoltaic Industry Association said on Thursday.
Source: Global Times | 2017/8/17 22:18:39

Figuratively Speaking

80b yuan Investment approved by the central government on Thursday for three infrastructure projects in three Chinese cities.
Source: Global Times | 2017/8/17 21:13:39

Hyundai’s long-range electric car

Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other rivals.
Source: Reuters-Global Times | 2017/8/17 21:13:39