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.

Ford goes back to basics in Chinese market

Ford Motor is gearing up efforts to launch a new “entry-level” sport utility vehicle (SUV) developed jointly with a local partner in China early next year, as the US automaker attempts to revive its slumping business in the world's biggest auto market.
Source: Reuters-Global Times | 2018/8/15 19:15:57

Xinjiang becomes key logistics hub for B&R; handles 1,400 trains to Europe this year

Under the scorching sun, a crane loads containers filled with car parts, small commodities and clothing onto a train.
Source: Xinhua-Global Times | 2018/8/15 17:53:40

Strong China-Australian tech collaboration challenges anti-China hysteria

Chinese and Australian companies are actively carrying out innovation collaboration, which challenges the Australian politicians and media agencies that tarnish China and fan anti-China hysteria.
Source: Global Times | 2018/8/15 17:53:40

Zhenhua Oil sets up LNG investment, trading arm to meet rising market demand

Zhenhua Oil Corp, a subsidiary of Chinese defense conglomerate NORINCO, has set up a new business unit to invest in liquefied natural gas (LNG) terminals and trade the fuel to help feed the country's thirst for the cleaner-burning substance.
Source: Reuters-Global Times | 2018/8/15 17:48:41

Stocks fall sharply on economic worries

Chinese mainland stocks extended losses on Wednesday in a third straight day of declines, as worries over the country's cooling economy and the yuan's descent to a 15-month low knocked investor confidence.
Source: Reuters-Global Times | 2018/8/15 17:48:40

Jiangsu steel mills to move to coast

East China's Jiangsu Province, the country's second-largest steelmaking province, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient.
Source: Reuters-Global Times | 2018/8/15 17:48:40

Chinese movie star apologizes for 'incautious' financial management but denies manipulating 1.8b yuan of stocks

Chinese movie star Huang Xiaoming apologized over Weibo for ''incautious'' financial management on Wednesday, amid a series of stock scandals involving celebrities.
Source: Global Times | 2018/8/15 17:43:39

Sri Lanka to ink agreement with China's Alibaba to attract more tourists

The Sri Lankan Tourism Promotion Bureau (SLTPB) will ink an agreement with China's e-commerce giant, Alibaba's travel arm, Fliggy, to bring down 1,000 travelers weekly to Sri Lanka for expanding the island's growing tourism sector, local media quoted Tourism Minister John Amaratunga as saying on Tuesday.
Source: Xinhua | 2018/8/15 14:11:24

China's courier sector records faster growth in July

China's courier sector posted faster growth in July as online consumption continued to expand, official data showed.
Source: Xinhua | 2018/8/15 14:10:47

China central bank injects liquidity into market via MLF

China's central bank Wednesday injected 383 billion yuan (about 55.5 billion US dollars) into the market via the medium-term lending facility (MLF) to maintain liquidity.
Source: Xinhua | 2018/8/15 14:09:54

China's A-share market opens lower on Turkey economic woes

China's A-share market opened lower on Wednesday, which observers said was partly due to investors' risk-aversion sentiment after the recent Turkish lira crisis, which has lead to drastic fluctuations in the global financial market, as well as a weakening Chinese yuan.
Source: Global Times | 2018/8/15 13:38:39

Home price growth rates in China's first-, second-tier cities slow down in July

Growth of sales prices of new commercial residential buildings in China's first- and second- tier cities showed a slowdown in July compared with rates seen in June, an official survey showed Wednesday, as the country strives to regulate the property sector.
Source: Global Times | 2018/8/15 13:23:40

US protectionist measures harm China's legal interests and authority of WTO: MOFCOM

The US' decision to subsidize its renewable energy companies and impose high tariffs on imported photovoltaic products will severely distort global markets and harm China's interests, the Chinese commerce ministry said Tuesday night.
Source: Global Times | 2018/8/15 11:38:39