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.


China’s steel export slumped in Q1 2017: CISA

Chinese steel exports in the first quarter of 2017 slumped 25 percent year-on-year to 20.73 million tons due to “international trade protection” and high domestic prices, an industry association said in a report on Wednesday.
Source: Global Times | 2017/4/26 15:43:40

Chinese investment in US triples in 2016: report

Chinese direct investment in the United States tripled in 2016 with Chinese companies employing more than 140,000 Americans, according to a report released on Tuesday.
Source: Xinhua | 2017/4/26 14:05:05

Companies ordered to pay for Doraemon copyright infringement

Two companies in eastern China have been ordered to pay 130,000 yuan (18,878 US dollars) in compensation for copyright infringement of the popular Japanese cartoon character Doraemon.
Source: Xinhua | 2017/4/26 14:03:54

People fly drones to spray pesticide in north China

People fly drones to spray pesticide in Jixian County, north China's Shanxi Province, April 25, 2017. Over 50,000 mu (3,333 hectares) of apple trees will be sprayed pesticide with drones this year.
Source: Xinhua | 2017/4/26 9:05:18

1st London-Yiwu cargo train carrying British products enters China

The first London-Yiwu cargo train carrying British products enters China through the Alataw Pass in northwest China's Xinjiang Uygur Autonomous Region, April 24, 2017. The cross-continent freight, loaded with containers carrying products including milk powder and soft drinks, left London, capital of Britain, earlier this month for Yiwu in east China's Zhejiang Pvovince. The 12,000-kilometer journey passes through nine countries in 18 days.
Source: Xinhua | 2017/4/26 8:50:25

China's pension funds see steady growth in Q1

China's pension funds continued to grow in the first quarter this year, the Ministry of Human Resources and Social Security said on Tuesday.
Source: Xinhua | 2017/4/26 7:30:47

Chinese ports cruise on sustainable routes

On top of fast business growth at the start of this year, Chinese ports aim to become greener and more sustainable with strengthened core competitiveness.
Source: Xinhua | 2017/4/26 7:30:24

Purchase of KUKA win-win: China's Midea senior executive

The vice president of Midea Group, a Chinese electrical appliances manufacturer, said Tuesday that the company's cooperation with German robotics and system technology company KUKA, was beneficial to both.
Source: Xinhua | 2017/4/26 7:26:45

Nasdaq closes above 6,000 for first time on upbeat earning, data

US stocks closed higher Tuesday on upbeat earnings and economic data, with Nasdaq soaring above 6,000, hitting an all-time high.
Source: Xinhua | 2017/4/26 7:21:56

UN cooperates with Chinese bike sharing firm to raise awareness on climate change

The UN Development Program (UNDP) has launched a partnership with the Chinese bike-sharing platform known as Ofo to raise public awareness about climate change, a UN spokesperson said Tuesday.
Source: Xinhua | 2017/4/26 7:19:37

Central China becoming ideal destination for foreign investment: MOC

Central China is becoming an ideal destination for foreign investment, according to a senior commerce official Tuesday.
Source: Xinhua | 2017/4/26 0:14:45

Emirates says buying Chinese aircraft a possible future option

Emirates Airline said Tuesday that buying planes produced in other countries or regions than the United States or the European Union could be an option, depending on market conditions.
Source: Xinhua | 2017/4/26 0:12:51

China's central bank injects cash into money market

China's central bank continued cash injections into the money market through open market operations on Tuesday to ease liquidity.
Source: Xinhua | 2017/4/26 0:12:04