BIZ

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.


Tesla forms special committee to review Musk's going-private plan

US top electric automaker Tesla Inc said Tuesday that it has formed a special board committee to assess its CEO Elon Musk's plan to take the company private.
Source: Xinhua | 2018/8/15 10:23:48

Intel confirms three security flaws in its chips

Top US chipmaker Intel Corp. on Tuesday confirmed that three more severe security flaws were found in some of its microprocessors that could pose potential risks of illegal data access from computer memory.
Source: Xinhua | 2018/8/15 10:23:19

BMW doesn't expect driving bans in Germany following Korean example

A new driving ban imposed by South Korean authorities on 20,000 defective BMW diesel vehicles is unlikely to happen in Germany, the Munich-based car maker told Xinhua on Tuesday.
Source: Xinhua | 2018/8/15 8:54:29

Chinese e-commerce stores sell T-shirts with slogans against trade war

T-shirts with anti-trade war slogans are being sold on China's e-commerce platforms, highlighting Chinese sentiment toward the US is becoming increasingly disturbed amid rising trade tension with the US.
Source: Global Times | 2018/8/15 0:07:36

China remains confident despite cooling economy and trade spat with US: analysts

China's slowdown in the second quarter of this year is in line with the country's moves to adjust its economic structure, with the economy remaining steady and sound amid uncertainties, experts said on Tuesday.
Source: Global Times | 2018/8/14 22:38:41

Water project in Sri Lanka

A water supply and sewerage project in northwestern Sri Lanka constructed by China Machinery Engineering Corp went into operation on Monday.
Source: Xinhua-Global Times | 2018/8/14 22:23:41

China printing banknotes for foreign countries 'shows advanced technology': analysts

China's ability to print the currencies of other countries shows that the nation's technologies and anti-counterfeiting measures are widely recognized and trusted. And there is no reason to have national security concerns as this is a licensed service, a Chinese expert said.
Source: Global Times | 2018/8/14 22:23:40

BYD wins EV bid in US

Chinese electric automaker BYD has won bids to supply vehicles to the US state of Georgia and the city of Atlanta, the company said in a statement released on Monday.
Source: Xinhua-Global Times | 2018/8/14 22:08:42

Steady Q2 revenue for YY

Chinese live-streaming platform YY said second-quarter net revenue increased by 44.6 percent to exceed 3.77 billion yuan ($570.2 million) with continued growth in mobile users.
Source: Agencies-Global Times | 2018/8/14 22:08:41

Sequoia China to raise $6b

Sequoia Capital China is teaming up with a State-owned venture capital fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage technology investments, sources said.
Source: Agencies-Global Times | 2018/8/14 22:08:41

Automaker NIO seeks to raise $1.8b in US listing

Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion IPO of American depositary shares, the biggest US listing by a Chinese automaker.
Source: Reuters | 2018/8/14 22:08:41

China ramps up market regulation after high-profile cases

Chinese regulators are stepping up efforts to crack down on stock market manipulation, after several high-profile cases involving celebrities in China revealed regulatory loopholes.
Source: Global Times | 2018/8/14 21:33:40

Tariffs will drive US wines out of Chinese market: analysts

China's proposed tariffs on US wine will further squeeze the limited US share in the growing Chinese market and might even block these wines entirely, said industry players and analysts.
Source: Global Times | 2018/8/14 21:23:40