BIZ

SOEs seen inflating revenue


China’s top auditor said that 18 of 20 recently audited central State-owned enterprises (SOEs) have inflated their revenue by a total of 200.16 billion yuan ($29.3 billion) and profits by 20.3 billion yuan during recent years.


Chinese lawmakers amend law to promote SME development

China's top legislature Thursday began reviewing a draft amendment to promote the development of small- and medium-sized enterprises (SME) by cutting costs and supporting innovation.
Source: Xinhua | 2017/6/22 16:01:45

Marriott holds Run for Love charity event

From June 1 to 11, the Marriott Greater China Business Councils joined Operation Smile, a world renowned charity organization, to co-launch the Run For Love Charity Event based on the We Run app.
Source: Global Times | 2017/6/22 15:58:39

Controversial ‘Batie’ superbus to be removed

The 300-meter test drive track for the controversial Transit Elevated Bus (TEB) project, also known as ‘Batie’, will be removed by the end of June, a local official said on Wednesday.
Source: Global Times | 2017/6/22 14:53:39

China issues rules on overseas investment in mainland interbank bond market

China's central bank Wednesday issued rules on overseas investment in the mainland interbank bond market via the mainland-Hong Kong bond connect program.
Source: Xinhua | 2017/6/22 14:48:32

Bike-sharing companies spearhead China's output of innovation overseas

With leading bike-sharing companies gearing up for global expansion, China's innovation in on-demand transportation has surprised the world with a business model that stands out in the sharing economy.
Source: Xinhua | 2017/6/22 13:33:31

US launches trade probe into polyester staple fiber from 4 countries

The US Commerce Department on Wednesday launched anti-dumping and countervailing duty investigations against imports of fine denier polyester staple fiber from China, India, South Korea and Vietnam.
Source: Xinhua | 2017/6/22 10:18:46

China's capital market keeps opening up: China-Europe exchange

China Europe International Exchange (CEINEX) on Wednesday welcomed the inclusion of Chinese A-Shares in the Morgan Stanley Capital International (MSCI) Emerging Markets Index as encouraging consequence of ongoing opening up of China's capital market.
Source: Xinhua | 2017/6/22 8:29:58

What makes US mainstream media reports about Chinese companies so controversial

A famous Chinese entrepreneur's high-profile rebuttal of a recent report by The New York Times has drawn a lot of attention across the Pacific in the past few days, reviving a long-lingering question: what makes US mainstream media's reports about Chinese companies so controversial?
Source: Xinhua | 2017/6/22 8:28:11

No public statement from Uber after Travis Kalanick's ouster as CEO

Uber Technologies Inc. did not give any public statement Wednesday, a day after its Chief Executive Officer (CEO) Travis Kalanick agreed to step down at the technology company offering ride-hailing services.
Source: Xinhua | 2017/6/22 8:24:42

Tastes Like Chicken: Tourists Eat Meat From 70,000 Dogs Killed in Bali Each Year

An investigative news report has found that tourists in Indonesia's Bali are often fed dog meat, believing it to be chicken.
Source: Sputniknews.com | 2017/6/21 23:02:14

Figuratively Speaking

800b yuan Estimated investment in Chinese rail projects in 2017.
Source: Global Times | 2017/6/21 22:28:40

Zhong Ze Culture invests $92m in UK studio

China UK Animation Co, a subsidiary of China’s Zhong Ze Culture Investment Group, has signed a deal with UK-based animation studio Blue Zoo, under which the Chinese company will invest 72 million pounds ($92 million) in the UK studio, according to a press release on Tuesday.
Source: Global Times | 2017/6/21 22:28:40

Price of memory products surging

Prices of China’s tech memory products have surged since the second half of 2016, triggering a rise in domestic PC and mobile phone prices.
Source: Global Times | 2017/6/21 22:28:40