BUSINESS >> Industries

China's coal-rich province suspends coal mine construction

Authorities in northern China's Shanxi province have vowed to suspend or hold back the construction of coal mines with a capacity of 120 million tonnes from 2016 to 2020.
Source: Xinhua | 2017/5/28 17:03:35

China industrial companies post strong growth in first four months

China's major industrial firms posted double-digit growth in profits in the first four months of this year, the National Bureau of Statistics (NBS) said Saturday.
Source: Xinhua | 2017/5/27 11:05:04

China's "Uber for trucks" to begin freight train trucking services

Truck Alliance, a Chinese company providing a Uber-type service for trucks, partnered with a leading railway logistics firm on Thursday to enable freight train trucking operations.
Source: Xinhua | 2017/5/26 7:45:51

Tech start-ups eye pet wearables

Electronic device makers such as Hong Kong-listed SUGA (0912.HK) and other start-ups are looking to cash-in on a boom in China in so-called pet wearables, such as smart collars, leashes ...
Source: Reuters | 2017/5/26 5:03:40

Holiday travel forecast

About 80 million Chinese are expected to travel over the upcoming Dragon Boat Festival holidays, an official forecast said Thursday.
Source: Xinhua | 2017/5/25 22:33:40

Bike-sharing firms gear up for race

Major online bike-sharing startups based in China are eagerly venturing abroad, even though challenges remain in areas such as localization and risk management, industry insiders said on Thursday.
Source: Global Times | 2017/5/25 22:33:39

ICBC signs $3.8b debt swap with Shandong Iron & Steel: Xinhua

The world's largest lender, Industrial and Commercial Bank of China, has signed a 26 billion yuan ($3.79 billion) debt-for-equity swap framework agreement with Shandong Iron & Steel Group, the Xinhua ...
Source: Reuters-Global Times | 2017/5/25 22:18:39

China becomes No.1 trading partner with Philippines in Q1

China passed Japan to become the largest trading partner with the Philippines in the first quarter, a Chinese official said Wednesday during a conference of entrepreneurs from both countries.
Source: Global Times | 2017/5/25 12:58:39

Iran's carpet exports surge to nearly 350 mln USD in past Iranian year

Nearly 350 million US dollars' worth of Iranian hand-woven carpets were exported in the past Iranian year ending on March 20, up 27 percent year on year, the Financial Tribune ...
Source: Xinhua | 2017/5/25 8:28:45

Foreign companies must adjust to domestic market: experts

China's decision to allow wholly foreign-owned financial firms to provide credit ratings in the country will help guide the development of the domestic credit rating industry, but these foreign companies ...
Source: Global Times | 2017/5/24 23:23:39

BeiDou System heads higher

By 2020, the scale of China's satellite navigation business will surpass 400 billion yuan ($58 billion), an official told an academic conference on Wednesday.
Source: Agencies-Global Times | 2017/5/24 22:38:40

‘Made in China 2025’ manufacturing push open, transparent, ministry says

A plan by China to boost its domestic manufacturing industry has been somewhat misunderstood by foreign organizations as a move to favor local companies over foreign competition, a government official ...
Source: Reuters | 2017/5/24 22:28:40

Satellite system can support B&R initiative: experts

The roll-out of the BeiDou Navigation Satellite System (BDS) is expected to provide technological services for projects under the Belt and Road (B&R) initiative and help related companies' expansion overseas, ...
Source: Global Times | 2017/5/23 23:43:39

Insurers’ solvency ratios

China’s insurance industry has kept its risks under control, with a sound solvency ratio, said the country’s insurance regulator on Tuesday.
Source: Xinhua | 2017/5/23 23:28:40

US beef imports to raise competition

Restarting US beef imports will hit China’s industry and allow US farmers to grab market share from other foreign rivals, analysts said Tuesday.
Source: Global Times | 2017/5/23 23:23:40

Major grid adjusts rates

China said on Tuesday it will "adjust" power prices on a major grid that connects utilities in the west of the country and consumers in the east as part of ...
Source: Reuters-Global Times | 2017/5/23 22:28:40

MOFCOM puts new tariffs on sugar imports

The Ministry of Commerce (MOFCOM) announced on Monday that it will levy a protective tariff of up to 45 percent on imported sugar beyond the tariff quota to offset the ...
Source: Global Times | 2017/5/23 22:23:40

Consumer confidence ‘strongest in two years’

The Consumer Confidence Index (CCI) for China reached its highest level in the first quarter since 2015, boosted by a rise in confidence among consumers in western China, according to ...
Source: Global Times | 2017/5/23 22:23:39