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.


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

Over 12,000 firms set up in Chongqing FTZ in 2018

A total of 12,768 enterprises were set up in the pilot free trade zone (FTZ) of southwest China's Chongqing Municipality in 2018, according to the municipal commission of commerce.
Source: Xinhua | 2019/2/11 17:36:30

China to embrace A-share springtime in 2019: analyst

On the bullish first trading day in the Year of the Pig, the flagship Shanghai Composite Index rose by 1.36 percent at 2,653.9 points on Monday, with total trading volumes reaching 137.3 billion yuan ($20.35 billion). This reflects investors' optimistic outlook for 2019, with ample liquidity in the stock market, as well as improving regulations and policies, said Zhang Xia, chief strategy analyst at China Merchants Securities.
Source: Global Times | 2019/2/11 17:13:08

TikTok becomes a challenger for Instagram and Snapchat in global markets

The viral growth of Chinese short video platform TikTok has provided stiff competition for established foreign social media apps, like Instagram and Snapchat, the latest download trends showed.
Source: Global Times | 2019/2/11 16:52:45

Tanya Chua meets Xi'an Renaissance

The new Renaissance Xi'an is the first Renaissance-branded hotel that has opened in northwest China. The hotel is designed with a combination of historical and modern elements. Its opening brings a closer connection between Xi'an and the rest of the world.
Source: Global Times | 2019/2/11 16:33:39

China's new innovation board needs to shun fake, unproven technologies

China's stock market authorities have moved to solicit public opinion on a set of newly-revealed rules to manage the country's maiden technology and innovation board, at the Shanghai Stock Exchange. The government aims to shore up the country's sustainable economic growth, in the future, by facilitating the fund-raising ability of a rising number of technology start-ups.
Source: Global Times | 2019/2/11 15:28:39

Brazil lowers exports forecast to China following recovery of soybean trade between China, US

Brazil, the largest soybean producer in Latin America, lowered its exports expectations to China following China-US trade talks that have brought a soybeans deal back to the table.
Source: Global Times | 2019/2/11 9:28:39

Spring Festival travel brings 513.9 bln yuan to China's tourism revenue

China's domestic tourism revenue gained 513.9 billion yuan (about 76.21 billion US dollars) during the week-long Spring Festival holiday that ends Sunday, an annual increase of 8.2 percent, according to the Ministry of Culture and Tourism.
Source: Xinhua | 2019/2/11 9:16:42

Holiday sales of Chinese retail, catering firms up 8.5 pct

Combined sales of retail and catering enterprises in China rose 8.5 percent year on year during the week-long Spring Festival holiday ending Sunday.
Source: Xinhua | 2019/2/11 9:09:48

RYB deal in Singapore

RYB Education Inc, a Chinese early childhood education services provider, announced its purchase of about a 70 percent stake in a Singapore-based private childhood education group for 125 million yuan ($18.5 million), domestic news site jiemian.com reported on Sunday.
Source: Global Times | 2019/2/10 21:53:39

Agriculture lifts Tibet

Scientific and technology advances in agriculture and livestock farming are forecast to contribute 49 percent of the economic development of Southwest China's Tibet Autonomous Region, local news website tibet.cn reported on Thursday.
Source: Global Times | 2019/2/10 21:43:41

China to open financial market further in 2019, first by standardizing panda bond issuance

The Chinese government in 2019 will continue to open up the nation's bond market with measures such as clearing policies for overseas bond issuers in the Chinese mainland.
Source: Global Times | 2019/2/10 21:43:41

Year of the Pig may see bullish A-share market

Investors are optimistic about the 2019 outlook for the A-share market, which will have its first trading day in the Year of the Pig on Monday. Records going back about two decades signal gains on the first trading day and in the first week.
Source: Global Times | 2019/2/10 21:43:40