BIZ

Alibaba's Yu'e Bao becomes largest money market fund globally


Alibaba's four-year-old Yu'e Bao surpassed JPMorgan's US government money market fund to become the world's largest, according to the Financial Times.


Nation aims to be a global vehicle powerhouse

China aims to become a global vehicle powerhouse within 10 years through technology transformation and upgrading, according to a plan on the development of the automobile sector jointly released Tuesday by three government departments.
Source: Global Times | 2017/4/25 22:23:41

Figuratively Speaking

137b yuan Pension funds that governments in seven Chinese provinces have received on account and started to make investment as of the end of March.
Source: Global Times | 2017/4/25 22:18:40

Companies not being paid as crisis grows

Chinese trading companies are staying away from Venezuela as the crisis in the country deepens, a businessman who declined to be named told the Global Times Tuesday.
Source: Global Times | 2017/4/25 21:18:40

Northern harvest

Grain traders show Mongolia-grown rapeseed inside a warehouse of Erenhot Jinguyuan Grain and Oil Co, based in North China’s Inner Mongolia Autonomous Region. About 20 Chinese firms have planted more than 666 square kilometers in Mongolia to grow organic produce that will be shipped back to China.
Source: Global Times | 2017/4/25 20:08:39

Asian stocks near 2-year highs as euro steadies

Asian equities approached two-year highs on Tuesday, buoyed by a jump in risk appetite following the centrist victory in the first round of the French presidential election that also lifted the euro and pressured safe-haven assets.
Source: Reuters-Global Times | 2017/4/25 20:03:40

Consumers shares offset losses in small caps as market recovers

Chinese mainland stocks steadied on Tuesday following a sharp sell-off the previous session.
Source: Reuters-Global Times | 2017/4/25 20:03:39

Crude oil edges up after 6 straight days of decline

Oil prices inched up on Tuesday, but markets remained under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts will rein in oversupply in a world awash with fuel.
Source: Reuters-Global Times | 2017/4/25 20:03:39

Under ‘B&R’, businesses in China’s Tibet build up ties with neighboring Nepal

With the government of Southwest China’s Tibet Autonomous Region eager to integrate the region into the country’s “One Belt and One Road” initiative, local companies have been further developing their business ties with neighboring Nepal to tap into new markets. Agriculture has long been a pillar industry in Tibet, but it has been restrained by factors such as a dearth of supporting facilities and an inhospitable environment. These factors have made it difficult for some local companies to operate. A Global Times reporter recently traveled to an industrial park in Dagze county in Tibet to see how local companies have shifted their strategies to focus on South Asia and what obstacles they have encountered.
Source: Global Times | 2017/4/25 19:48:39

The home activities of China’s Space Day 2017 were successfully held in Xi'an

On April 24, on the occasion of the first anniversary of General Secretary Xi Jinping’s important speech "exploring the vast universe, developing the space industry and building a great space power", the home activities of China’s Space Day 2017 hosted by the Ministry of Industry and Information Technology (MIIT), the State Administration of Science, Technology and Industry for National Defense (SASTIND), the National Space Administration (NSA) and the People's Government of Shaanxi Province officially opened at Northwestern Polytechnical University in Northwest China’s Xi'an.
Source: Globaltimes.cn | 2017/4/25 16:31:08

Smart cars a hit at Shanghai auto expo

"It will be rainy today, have you brought an umbrella?" a voice says. "This is the best route for you amid the current traffic jam." Welcome to the smart cars of the future.
Source: Xinhua | 2017/4/25 14:19:57

The resilience of Chinese economy

Growth scares come and go in the Chinese economy, but they never eclipse its resilience.
Source: Xinhua | 2017/4/25 13:39:31

Didi to help transport regulators improve management with big data

Chinese leading on-demand mobility platform Didi Chuxing decided Monday to open its transport information platform to regulators to aid urban transport management.
Source: Xinhua | 2017/4/25 13:39:13

China's top liquor brand reports strong growth in Q1

China's top alcohol brand Kweichow Moutai reported a net profit rise of 25.2 percent year on year from January to March.
Source: Xinhua | 2017/4/25 13:08:10