BIZ

China sees rocket tech boost


China will master rocket recycling technology on its new CZ-8 carrier rocket by 2020 and challenge the US monopoly in the field, China Media Group reported on Thursday.


Expansion of Yu'e Bao slows in Q1 after fund limits daily deposits

Purchase restrictions imposed by Alibaba's Yu'e Bao took effect as the balance of the online fund grew at a slower pace in the first quarter, data from Tianhong Fund Management, co-founder of Yu'e Bao, showed on Monday.
Source: Global Times | 2018/4/23 21:13:39

China fund managers slash ZTE valuation after US sanctions

Chinese funds have slashed valuations of ZTE Corp after the US banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatens its survival.
Source: Reuters-Global Times | 2018/4/23 21:13:39

Alibaba to put AI-enabled voice assistant inside cars

Alibaba Group Holding on Monday announced plans to bring its digital assistant into select cars in China, bolstering its presence in the competitive smart car segment.
Source: Global Times | 2018/4/23 19:38:40

Hainan housing frenzy hits the wall

A housing frenzy in South China's Hainan Province ended on Sunday night not with a bang but a whimper, as tough new island-wide curbs on home purchases left property agents and developers reeling.
Source: Global Times | 2018/4/23 19:38:39

ZTE crisis teaches Chinese firms a lesson

Chinese telecom equipment provider ZTE Corp said on Sunday in a public filing that it is seeking a solution to its recent ban in the US, which has already put the company's business into a coma. The company said it has learned from its past experiences in export control compliance and will attach great importance to the work. A recent report from China's top watchdog of State-owned enterprises has also criticized ZTE for its “stupid and passive” moves on the matter, which could function as a big lesson for other Chinese firms operating internationally.
Source: Global Times | 2018/4/23 18:08:40

US fund managers brace for full-on trade war

Investors' fears of an all-out trade war between the US and China is prompting US stock fund managers to hunt for companies that can easily pass on higher costs to their consumers.
Source: Reuters-Global Times | 2018/4/23 18:08:39

Mainland stocks steady; techs sold on ZTE woes

Chinese mainland stocks dipped lower on Monday, as tech firms faced pressure amid the ZTE ban, while investors found some solace on the geopolitical front.
Source: Reuters-Global Times | 2018/4/23 18:03:40

China coke futures rally to their highest in five weeks

Chinese coke futures prices rallied more than 4 percent to their highest in five weeks on Monday, as a source said a group of small producers is considering slashing output to revive prices.
Source: Reuters-Global Times | 2018/4/23 18:03:40

YITU Technology makes recognition inroads

Chinese artificial intelligence (AI) unicorn YITU Technology has made inroads into the area of voice recognition, a senior company executive said on Monday, which could pit the face recognition major against China's Siri-like iFlyTek.
Source: Global Times | 2018/4/23 17:53:40

Businessman bets on "wolf tourism" to power rural economy

In Ding Yong'an's Wild Wolf Valley, statues of howling wolves stand on the streets and hotels and avenues are decorated with wolf images and named in connection with the animals.
Source: Xinhua | 2018/4/23 11:37:47

UAE launches fair to head for major tourism destination

The United Arab Emirates (UAE) opened the 25th edition of the tourism fair Arabian Travel Market (ATM) on Sunday, which attracted 2,500 exhibiting companies globally.
Source: Xinhua | 2018/4/23 6:19:03

Hainan places tougher restrictions on property purchases

Authorities in Hainan on Sunday imposed tougher restrictions on property purchasing that applies to the entire territory of the southern island province.
Source: Xinhua | 2018/4/23 6:16:38