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 ...



‘No risk’ in China from EU eggs

The Ministry of Agriculture said on Thursday that no eggs from Europe have been imported into China, leaving no risk of contamination from a scare sweeping Europe about the use of a potentially harmful insecticide.
Source: Reuters-Global Times | 2017/8/17 21:08:40

Bicycle-rental operator Youon raises $87m Shanghai listing

Changzhou Youon Public Bicycle System, a bike rental company, held an IPO on the Shanghai Stock Exchange on Thursday, raising 581 million yuan ($87 million) and becoming the first listed company in the sector, thepaper.cn reported Thursday.
Source: Global Times | 2017/8/17 21:08:39

Alibaba earnings beat estimates for fiscal first quarter

Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales, which make up most of its business.
Source: Reuters-Global Times | 2017/8/17 21:08:39

TCL eyes overseas market

Chinese manufacturer TCL is seeking to realize its Internet transformation by making inroads in overseas markets, the Chinese version of the Financial Times reported on Monday.
Source: Global Times | 2017/8/17 20:58:40

CEFC in talks for Rosneft

CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said.
Source: Reuters | 2017/8/17 20:58:40

Heilongjiang highway bridge project moves ahead

Work on the long-awaited highway bridge project across the Heilongjiang River, also known as the Amur River in Russia, is progressing smoothly in Heihe, a border city in Northeast China’s Heilongjiang Province. When completed, the bridge will be integrated into the China-Mongolia-Russia Economic Corridor (CMREC) and boost the capacity of Heihe port.
Source: Global Times | 2017/8/17 20:58:39

Brazilian farmers run out of crops storage

From Iowa to China, years of bumper crops and low prices have overwhelmed storage capacity for corn, wheat and other basic foodstuffs.
Source: Reuters-Global Times | 2017/8/17 18:38:40

Mainland stocks lifted by industrial, materials stocks

Industrial and materials stocks lifted Chinese mainland stocks on Thursday, which some analysts said was aided by hopes there will be significant changes in opening up the economy more widely to foreign investors.
Source: Reuters-Global Times | 2017/8/17 18:38:40

Steel futures surge in China amid firm demand outlook

Chinese steel futures jumped more than 2 percent on Thursday to end a four-day losing streak amid a firm outlook for demand in the world’s top consumer, fueling a rally in steelmaking raw materials such as iron ore and coking coal.
Source: Reuters-Global Times | 2017/8/17 18:38:39

New services, deals

New aviation services, deals
Source: Global Times - Reuters | 2017/8/17 18:33:40

Flight delay fiasco

Extreme weather unavoidably affects the punctuality of flights, but improvements in early warnings and control mechanisms can be achieved to reduce the impact of environmental influences on aviation efficiency, experts have advised.
Source: Global Times | 2017/8/17 18:33:40

Domestic standard high-speed trains will save money over time

China Railway Corp (CRC), the nation's sole railway operator, can expect operating costs to fall as more next-generation domestic Fuxing (Revival) bullet trains enter service, but it will take time for sufficient trains to join its fleet to yield economies of scale, an expert said on Thursday.
Source: Global Times | 2017/8/17 18:23:39

Stuck seafood trucks from North Korea ready to be sent back: official

The local government in Hunchun, a city in Northeast China's Jilin Province bordering North Korea, is currently negotiating with North Korean authorities over the seafood trucks that are stuck between the two countries' customs ports after the Chinese government complied with the United Nations' fresh sanctions on certain exports from North Korea.
Source: Global Times | 2017/8/17 17:28:40