BIZ

Foreign sanctions against Chinese tech firms won't inhibit China's progress: experts


Sanction measures against China's high-tech firms by some foreign countries won't prevent China from developing its technology sectors, experts said on Sunday.


Etihad discusses rescue deal for India's Jet Airways

Abu Dhabi-based Etihad Airways, the second-largest shareholder of Jet Airways Ltd, is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter told Reuters.
Source: Reuters | 2018/12/6 18:44:35

Yuan unlikely to break beyond 7:1 against US dollar

The yuan is unlikely to break beyond seven against the US dollar by the end of this year, despite previous market worries over its depreciation in the Chinese currency, an economics expert said Thursday.
Source: Global Times | 2018/12/6 18:38:39

China's foreign trade volume rises 15.6%: MOFCOM

China's foreign trade has shown growth momentum this year as the total trade volume in the first 11 months of 2018 has already exceeded the reading last year, but the trend was not in large part fueled by a rush by traders to ship orders before US tariffs took effect, an official from the Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2018/12/6 18:27:50

Can Chinese smartphone makers win Europe?

After winning the Indian and Southeast Asian markets, Chinese smartphone makers are now making aggressive inroads into Europe, including the UK, Spain, Italy, Russia and France.
Source: Global Times | 2018/12/6 18:08:40

Facebook CEO denies selling user data to third-party developers

Facebook CEO Mark Zuckerberg Wednesday denied that his company has sold user data to third-party developers after a British lawmaker disclosed internal Facebook emails alleging it had traded user privacy for its own growth.
Source: Xinhua | 2018/12/6 17:51:11

Sanya to open more international air routes in 2019

The coastal city of Sanya in south China's island province of Hainan plans to open 15 more international flights in 2019, the city government said Thursday.
Source: Xinhua | 2018/12/6 16:48:07

Malaysia seeks to become China's regional transshipment hub: official

Malaysian Transport Minister Anthony Loke Siew Fook said on Thursday that Malaysia seeks to become China's transshipment hub for the Association of Southeast Asian Nations (ASEAN).
Source: Xinhua | 2018/12/6 15:16:17

Chinese embassy in Ottawa urges Canada to release Huawei official

The Chinese embassy in Ottawa on Wednesday called on Canada to release Meng Wanzhou, the chief financial officer of Huawei, who has been arrested in Vancouver at the request of US authorities.
Source: Xinhua | 2018/12/6 13:24:29

Huawei becomes a hostage in China-US trade conflict: experts

Chinese Huawei Technologies has become a card for the US to play to make China compromise itself in trade conflict, but countries ruled by law should not detain Chinese citizens without providing any legal evidence, Chinese experts said on Thursday.
Source: Global Times | 2018/12/6 11:33:27

Ride-hailing giant Didi announces restructuring

China's ride-hailing giant Didi Chuxing released on Wednesday an organizational restructuring plan to enhance safety and efficiency, amid public's mounting concerns over its hitchhiking services.
Source: Xinhua | 2018/12/6 10:55:17

Deleveraging conducive to China's economy in long term

Although China's deleveraging push may slow growth in the short term, it will be conducive to the country's economy in the long haul, China Daily reported Thursday, citing Bridgewater Associates founder Ray Dalio.
Source: Xinhua | 2018/12/6 10:54:51

Huawei denies any wrongdoing by company CFO

Chinese tech giant Huawei on Thursday denied any wrongdoing by its corporate CFO Meng Wanzhou after she was provisionally detained by the Canadian Authorities.
Source: Xinhua | 2018/12/6 10:54:25

CBOT soybeans continue to rise on US-China trade optimism

Chicago Board of Trade (CBOT) soybean futures edged higher on Wednesday, posting gains in the fourth consecutive session amid optimism on US-China trade talks.
Source: Xinhua | 2018/12/6 10:07:33