BIZ

Plan to make Shenzhen a 'model' city also an answer to US trade aggression, HK situation


Four decades ago, a small fishing village started groundbreaking reform and opening-up policies that changed the fate of China. Today, Shenzhen in South China's Guangdong Province is a technology powerhouse that's being asked once again to lead the country into a new era of high-quality growth.


Jingzhang Railway expected to be completed by year-end

Workers work at the construction site of the Jingzhang intercity railway, in Zhangjiakou, North China's Hebei Province on Wednesday. The railway, which will serve the 2022 Winter Olympic Games held in Beijing and Zhangjiakou, is expected to be completed by the end of this year. Photo: VCG
Source: VCG | 2019/8/14 21:48:40

China's private space sector eyes breakthrough with satellite launch by Jielong rocket

China's private space industry will see a new breakthrough as a Beijing-based space start-up will launch its homegrown satellite soon.
Source: Global Times | 2019/8/14 21:33:40

PBC holds auction of yuan debt,showing central government's confidence in HK

China's central bank sold 30 billion yuan ($4.28 billion) worth of bills in the Hong Kong Special Administrative Region (HKSAR) on Wednesday in its latest issuance, which was oversubscribed by 2.6 times.
Source: Global Times | 2019/8/14 20:33:40

Cathay Pacific sacks 2 pilots to ensure flying safety

Hong Kong's flagship airline Cathay Pacific needs to fix its security strategy and maintain an appropriate policy stance in the region, without which the company is set to lose in competition with other airlines, analysts said.
Source: Global Times | 2019/8/14 20:13:40

Japan-S.Korea spat may be boon for Chinese chipmakers

An escalating diplomatic and trade row between Japan and South Korea, which has seen the two technological powerhouses imposing bans on trade in high-technology materials, could be another boon for Chinese companies in the area of semiconductors, an industry analyst said on Wednesday.
Source: Global Times | 2019/8/14 19:58:40

Staff in HK financial sector call for better personal security, end to bullying

An employee from the Chinese mainland at the Hong Kong branch of China Minsheng Bank was reportedly bullied by a Hong Kong executive due to different stances, as the executive mocked the employee who was supporting local police amid recent riots and urged him to “get back to the mainland.”
Source: Global Times | 2019/8/14 19:28:40

Daqing spirit a 'secret weapon' that can help China in trade war

As the US presses ahead with a trade war to contain China, the Global Times reporter traveled to Daqing Oil Field, the largest oil production base in China.
Source: Global Times | 2019/8/14 17:18:40

BeiDou chip helps detect illegal parking of shared bikes with centimeter-level positioning

The first batch of 300 shared bikes equipped with a high-precision navigation and positioning chip, powered by China's self-developed BeiDou Navigation Satellite System (BDS), have been trialed in Wuhan, Central China's Hubei Province, media reported on Wednesday.
Source: Global Times | 2019/8/14 17:01:54

China to promote nationwide tech-enabled, facial-recognition traffic monitoring system

China is actively promoting the construction of a national, integrated traffic management platform which could screen out traffic-rule-violating automobiles by recognizing driver's faces and the appearances of cars.
Source: Global Times | 2019/8/14 16:58:40

Chinese makeup brush sector expands global presence

Luyi, a remote county in the eastern part of Central China's Henan Province, is nurturing a fashion-related business worth billions of yuan that has extended its presence across the globe.
Source: Global Times | 2019/8/14 16:53:40

Rising tariffs against China strike a heavy blow to US fashion industry

Top leaders of the apparel industry recently gathered for the opening ceremony of the China Footwear Pavilion at the Las Vegas MAGIC Show, to support maintaining strong trading ties with the Asian country and to voice opposition to the US administration's escalating tariffs.
Source: Xinhua-Global Times | 2019/8/14 16:48:40

Despite manufacturing slowdown, China's economy remains stable in July

Despite a slowdown in several sectors such as manufacturing and consumption, China's economy showed a stable trend in July with steady fixed-assets investment and robust exports growth, data released by the National Bureau of Statistics (NBS) showed on Wednesday.
Source: Global Times | 2019/8/14 12:18:42

Sri Lanka imports train from China for upcountry line

Sri Lanka has imported a train from China for its upcountry line at a cost of 10.3 million US dollar which will be the first of nine power sets, the island's Transport Ministry said in a statement here Tuesday.
Source: Xinhua | 2019/8/14 10:06:58