BIZ

China Unicom leading SOE reform


China’s mixed-ownership reform in State-owned enterprises (SOEs) has made steady progress in recent months, illustrated by China Unicom’s plan for a 78 billion yuan ($11.69 billion) stake sale involving high-profile investors including Tencent, Baidu and Alibaba.

Real estate stabilization

Beijing authorities are mulling over new homes that will be owned jointly by the government and individuals to help first-time home buyers get onto the ...

Let’s breed

The donkey is more than just a mode of transport in some less economically developed countries. Its skin can be used to produce ejiao, a ...



China becomes Cuba's largest trading partner

The year 2016 saw the first year ever that China became Cuba's largest trading partner with bilateral trade reaching 2.585 billion US dollars, according to a newly released report by the island's statistics, ONEI.
Source: Xinhua | 2017/8/17 8:04:17

China's investment in Cleveland, Texas, set an example for future development: US mayor

The unique model of a large housing project in Cleveland, Texas, invested by a Chinese company, has set an example for the future development of the city, Mayor Otis Cohn said here on Wednesday.
Source: Xinhua | 2017/8/17 7:58:16

China largest holder of US Treasuries

The Chinese mainland has again become the largest foreign holder of US Treasury securities, pushing Japan down to second place, according to data revealed by the US Department of the Treasury on Tuesday.
Source: Global Times | 2017/8/16 21:53:39

New cargo train to Poland

A new China-Europe freight train that links Poland with Ganzhou in East China’s Jiangxi Province was launched Tuesday.
Source: Xinhua | 2017/8/16 21:13:40

Boost for foreign investment

The State Council, China’s cabinet, on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.
Source: Xinhua | 2017/8/16 21:13:39

China-Cambodia forum for investment to open

Around 200 Chinese entrepreneurs are expected to participate in a China-Cambodia investment forum to be held in Cambodia in September, forum organizers said on Wednesday.
Source: Global Times | 2017/8/16 21:13:39

Cross-border capital flows steady in July as demand, supply for forex balanced: SAFE

China’s cross-border capital flows remained stable in July, as domestic demand and supply of foreign currencies was “basically balanced,” the State Administration of Foreign Exchange (SAFE), China’s foreign exchange regulator, said on Wednesday.
Source: Global Times | 2017/8/16 21:08:40

Belt and Road acquisition surge

Mergers and acquisitions (M&As) by Chinese companies in countries that are part of the Belt and Road (B&R) initiative are soaring, even as overall outbound investment has been falling following a crackdown on irrational investments in overseas projects.
Source: Reuters | 2017/8/16 21:08:40

Alipay ventures in US, Japan

Online payment platform Alipay, part of Alibaba Group, on Wednesday announced a partnership with US-based Yelp that will allow Chinese travelers who visit certain US cities to access Yelp’s content.
Source: Global Times | 2017/8/16 21:08:40

Technology companies step up lobbying effort in NAFTA talks

Technology companies such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement (NAFTA), looking to avoid any restrictions on cloud storage and promote an international pact to eliminate technology goods tariffs.
Source: Reuters-Global Times | 2017/8/16 21:08:39

Sinomach merger aims to create world-class entity

China’s State asset regulator said on Tuesday that the merger between China National Machinery Industry Corp (Sinomach) and textile conglomerate China High-Tech Group is a necessary step to forge a first-rate world company and a key part of the ongoing supply-side structural reforms.
Source: Global Times | 2017/8/16 20:58:40

Fundraising for electric cars

Chinese electric car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has raised $200 million from investors including China’s Suning and Fullshare Holdings in its latest round of financing.
Source: Reuters | 2017/8/16 20:58:40

Court rules on herbal tea dispute

China’s Supreme People’s Court on Wednesday announced its decision in the long-running intellectual property rights dispute between drinkmaker JDB Group and Guangzhou Pharmaceuticals Corp (GPC).
Source: Global Times | 2017/8/16 20:58:39