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.


Getting to work

A job-seeker looks at recruitment posts at a job market for migrant workers in Qingdao, East China's Shandong Province over the weekend. As the Spring Festival holidays end, many people are looking for work and employers are posting many job opportunities.
Source: IC | 2019/2/11 22:43:39

Shenzhen launches pilot project for 5G commercial use

Shenzhen, South China's Guangdong Province, known as China's Silicon Valley, has launched a pilot project for 5G commercial use.
Source: Global Times | 2019/2/11 22:38:52

Vehicles recall

China's market regulator recalled 644,636 defective vehicles involving brands such as Tesla, Geely and Chery Jaguar Land Rover out of safety concerns in January.
Source: Global Times | 2019/2/11 22:38:39

China's smaller cities post faster growth in overseas tourism spending than big cities

Outbound travelers from third- and fourth-tier cities registered faster growth in their purchases through Alipay than those from the top-tier cities such as Beijing and Shanghai, Alibaba's third-party payment platform Alipay said.
Source: Global Times | 2019/2/11 22:08:39

Hainan duty-free shops see record sales during Spring Festival

Sales of duty-free shops in South China's Hainan Province hit a record high during the weeklong Spring Festival holiday, reaching 601 million yuan ($8.9 million), local customs figures showed.
Source: Global Times | 2019/2/11 21:57:39

China 'irreplaceable' chip consumption power

The increased global rankings of Chinese manufacturers when it comes to semiconductors purchases show China's irreplaceable standing as a world-leading consumer in this sector, a Chinese analyst said on Monday.
Source: Global Times | 2019/2/11 21:53:39

Chinese A-shares likely to rally in 2019 as investors become increasingly upbeat

On Monday, the bullish first trading day in the Year of the Pig, the Shanghai Composite Index rose 1.36 percent to 2,653.9 points, with total trading volume reaching 137.3 billion yuan ($20.35 billion).
Source: Global Times | 2019/2/11 21:48:39

US report on China's IPR protection ranking 'biased,' ignorant of China's progress: analysts

It has become routine that whenever a foreign report is released – whether by a government or an organization – on intellectual property rights (IPR) protection, China in the vast majority of cases seems to be the most popular target of criticism.
Source: Global Times | 2019/2/11 21:32:25

CSSC wins shipbuilding orders worth $1.2 billion

China State Shipbuilding Corp (CSSC) won orders from CMA CGM Group, a leading global shipping group based in France, to build 10 15,000 containerships of 20-foot equivalent unit capacity.
Source: Global Times | 2019/2/11 21:08:39

Fast-growing Chinese short video platform TikTok challenges Instagram, Snapchat

The explosive growth of Chinese short video platform TikTok is posing a rising challenge to established foreign social media apps like Instagram and Snapchat, the latest download trends showed.
Source: Global Times | 2019/2/11 21:03:39

West sees Chinese state firms as 'imaginary enemies'

Moves taken by some Western companies against imaginary enemies from China, such as certain industry conglomerates like CRRC Corp, reflect those countries' prejudice against China's state-owned enterprises (SOEs) as well as their fear of potential competition from China, experts commented on Monday.
Source: Global Times | 2019/2/11 20:13:39

Chinese listed companies misjudge EV start-ups with excessive valuations

Several listed Chinese electric vehicle (EV) companies and associated component makers issued profit warnings in recent days, as many companies suffered from inflated valuations at acquisition.
Source: Global Times | 2019/2/11 18:26:21

Chinese central bank cracks down on banknote violations

Exchanging commemorative notes, taking photos of the notes and publishing them online before they are issued were cited as violations by the People's Bank of China (PBC) on Friday.
Source: Global Times | 2019/2/11 18:03:20