BIZ

Talent shortage hampers China's IC sector


There is a huge talent gap in the domestic integrated circuit (IC) industry, a sector the country has been striving to promote recently, but experts believe the gap could be overcome by offering more competitive salaries, strengthening related education and cultivating interdisciplinary talent.


Chinese currency won't be hit by Turkey crisis as much as Indian rupee: analysts

The weakening Turkish lira will not drag on China's currency as much as on those of other emerging economies like India and South Africa, as China maintains strict controls over capital outflows and also has abundant foreign exchange reserves, industry observers said on Wednesday.
Source: Global Times | 2018/8/15 22:33:41

Courier sector grows in July

China's courier sector posted faster growth in July as online consumption continued to expand, official data showed.
Source: Agencies-Global Times | 2018/8/15 22:08:40

Possible buyout of Yum China

Investment firms are exploring a buyout of Yum China Holdings Inc in what could be one of Asia's biggest such deals this year, sources close to the situation told Reuters.
Source: Agencies-Global Times | 2018/8/15 21:58:41

Kroger, Alibaba grocery venture

Kroger Co will work with Alibaba Group Holding to sell nuts, supplements and other products in China, venturing outside the US for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.
Source: Agencies-Global Times | 2018/8/15 21:58:40

LeTV shares surge

Shares of online video company Leshi Internet Formation and Technology Corp (LeTV) surged by the daily trading limit of 10 percent on Wednesday morning on reports of electric carmaker Faraday Future (FF) setting up an operating headquarters in China.
Source: Agencies-Global Times | 2018/8/15 21:58:29

Xiongan development needs patience: expert

It's not very good timing for the Xiongan New Area to rapidly grow into a megacities like Shenzhen, South China's Guangdong Province, or the Pudong area of Shanghai, considering the current situation, and more patience is needed in this 1,000-year project, a Chinese professor said.
Source: Global Times | 2018/8/15 21:58:28

China lists 400 State-owned enterprises for market reform

The Chinese government has listed about 400 State-owned enterprises (SOEs) for market reforms by and 2022, signaling policymakers' determination to carry out broad reforms of the country's massive State-owned assets.
Source: Global Times | 2018/8/15 21:58:27

US robotics company values Chinese market despite ongoing trade clash

NASDAQ-listed iRobot said it is a global company and the Chinese market is very important, although that tariffs imposed by the Trump administration on Chinese imports may disrupt the supply chain of the global robotics sector.
Source: Global Times | 2018/8/15 21:33:40

US ice cream firms risk missing era of exploding consumption in China amid trade row

From Haagen-Dazs to Bassetts to other niche brands, US ice cream makers have expanded all over the Chinese market in recent years. But now many of them are worried that the ongoing trade dispute between China and the US will make their business difficult in China.
Source: Global Times | 2018/8/15 21:28:40

Taiwan-based 85 Cafe may face boycott in the mainland, urged to recognize 1992 Consensus

Taiwan-based chain 85 Degrees Celsius Bakery Café (85 Cafe) has sparked criticism in the Chinese mainland, after one of its US stores warmly welcomed Taiwan leader Tsai Ing-wen, who leads the pro-independence Democratic Progressive Party.
Source: Global Times | 2018/8/15 21:13:40

Hebei vows 15% cut to smog by 2020

North China's Hebei Province will cut smog by a further 15 percent by 2020, according to a policy document released late on Tuesday.
Source: Reuters-Global Times | 2018/8/15 19:43:40

Securities fee revenue to double

Revenue from securities fees in China is expected to more than double to $103 billion in the next six years, a new report by a financial consultancy firm said on Wednesday, emphasizing the sector's attractiveness to foreign banks.
Source: Reuters-Global Times | 2018/8/15 19:38:40

China grows stronger amid difficulties: NDRC

China's economy cannot be struck down by external factors, as already demonstrated in recent decades, said a spokesperson for the National Development and Reform Commission (NDRC), the country's top economic planner.
Source: Global Times | 2018/8/15 19:33:40