BUSINESS >> Industries

Shanghai steel climbs 2%, coke rallies on winter curbs

Shanghai rebar steel futures climbed almost 2 percent on Friday to near a 5-and-a-half-year high amid China's plans to impose industrial production curbs during winter for the second year in ...
Source: Reuters | 2018/8/5 18:23:39

AI schooling blossoms in China amid talent shortages

All of a sudden, schools and institutions dedicated to artificial intelligence (AI) teaching and research have blossomed in China, as the country strives to become a global incubator for AI ...
Source: Global Times | 2018/8/5 17:33:39

Toyota bets cost cuts will buoy fuel cell vehicles

Toyota Motor Corp is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and sport utility vehicles (SUVs) and pushing the technology into buses ...
Source: Agencies-Global Times | 2018/8/2 18:40:13

Chinese bike-sharing firm ofo denies acquisition reports

Ofo, a major bike-sharing company in China, denied media reports on Friday that claim the start-up is being acquired by Chinese ride-hailing giant Didi Chuxing and Alibaba's financial affiliate Ant ...
Source: Global Times | 2018/8/3 22:08:40

Starbucks, Alibaba deal

Starbucks Coffee Co and Alibaba Group Holding announced a strategic partnership Thursday in Shanghai that will enable a seamless Starbucks Experience in China, the Xinhua News Agency reported Thursday.
Source: Agencies | 2018/8/2 22:03:41

AVIC buys Irish stockbroker

Aviation Industry of China (Avic), China's State-owned developer of fighter jets, helicopters and military drones, is backing an acquisition of Goodbody, Ireland's oldest stockbroker, according to a report from Financial ...
Source: Agencies | 2018/8/2 22:03:41

Kenya's Mombasa-Nairobi rail service 'will break even by 2020'

A $3.8 billion railway project linking Kenya's largest port Mombasa and the capital Nairobi is doing well and the railway will reach the break-even point by 2020, an employee of ...
Source: Global Times | 2018/8/2 22:03:40

Malaysian exporters to use CCIC for faster access to China market

Exporters in Malaysia are required to utilize the China Certification and Inspection (CCIC) Traceability System for faster access to the Chinese market, according to a report from Malaysian newspaper The ...
Source: Global Times | 2018/8/2 21:58:40

Tesla looking for local investors to fund proposed $5b factory in China: analyst

Tesla is likely to get investment from Chinese partners, an analyst told the Global Times, after Bloomberg News reported on Wednesday that the US-based carmaker is seeking domestic partners to ...
Source: Global Times | 2018/8/2 21:58:40

As costs bite, Chinese factories eye shift abroad

Some manufacturers in China are making plans to move production lines to Southeast Asia, a process that companies and industry observers said was mainly due to the country's rising cost ...
Source: Global Times | 2018/8/2 21:53:40

China-Europe aviation soars

Fast-growing market demand for civil aircraft and rapid development of the aviation industry offer unprecedented opportunities for cooperation between China and Europe, a partnership which has seen remarkable progress in ...
Source: Xinhua-Global Times | 2018/8/2 17:48:39

New services, deals

New aviation services, deals
Source: Xinhua-Global Times | 2018/8/2 17:43:39

German government cuts taxes on electric company cars

The German government will grant tax relief for electric or hybrid company cars, as the cabinet decided on a large scale subsidy on Wednesday.
Source: Xinhua | 2018/8/2 7:58:37

India vows to attract more Chinese tourists

India will set up soon a tourism office in Beijing in a bid to attract more Chinese visitors, according to a report by Indian paper Economic Times, which cited Indian ...
Source: Global Times | 2018/8/1 21:13:40

Yantai abandons bid for German toolmaker Leifeld, anticipating veto

The main owner of German toolmaker Leifeld said that China's Yantai Taihai had dropped its attempt to buy the company ahead of an expected veto by the German government, and ...
Source: Reuters-Global Times | 2018/8/1 20:53:39

China Tower raises $6.9b in offering in HK: sources

China Tower Corp has raised $6.9 billion after pricing its IPO at the bottom of an indicative range, four people close to the deal said on Wednesday, in the world's ...
Source: Reuters | 2018/8/1 20:43:39

Higher farm produce prices

Prices of farm produce in China continued to climb in the week ended on July 29, with higher costs for 30 types of vegetables, data from the Ministry of Commerce ...
Source: Agencies – Global Times | 2018/8/1 20:33:40

Manufacturing growth slows

China's manufacturing sector grew at the slowest pace in eight months in July, a private survey showed on Wednesday.
Source: Agencies – Global Times | 2018/8/1 20:33:39