BUSINESS >> Industries

iPhone sales revenue slumps 27% in China market during Q1 due to wrong pricing strategy

Apple is lowering its iPhone's pricing in the China market to slow a substantial fall in sales, in first fiscal quarter of 2019, a move analysts said shows iPhone's struggles ...
Source: Global Times | 2019/1/30 17:39:35

Railway construction powering ahead in China, but experts warn risks of high-speed network

China's high-speed railway construction needs to move forward in accordance with actual market demand, analysts said, as the sector's full-speed expansion has raised concerns that the budget gets too stretching. ...
Source: Global Times | 2019/1/29 20:33:40

Guangdong reports robust performance of private business

South China's economic powerhouse Guangdong Province recorded a 7.3-percent increase in its private sector's value-added output in 2018, suggesting "smooth and healthy growth" of the sector.
Source: Xinhua | 2019/1/28 18:05:46

Chinese industrial enterprises profits grow 10.3% in 2018 as reforms achieve progress

Profits of Chinese industrial enterprises that are above designated size reached 6.64 trillion yuan ($0.99 trillion) in 2018, increasing 10.3 percent year on year, according to National Bureau of Statistics ...
Source: Global Times | 2019/1/28 14:18:39

China's domestic phone brands gearing up for 5G era

China's top mobile manufacturers are expected to accelerate their race to launch 5G smartphones in 2019, but those who get new products out first will not necessarily prevail in the ...
Source: Global Times | 2019/1/27 20:28:39

China's semiconductor imports exceed $300b in 2018: report

China's imports of semiconductors have risen significantly during recent years thanks to rising domestic demand, with the value exceeding $300 billion for the first time in 2018, Chinese news site ...
Source: Global Times | 2019/1/27 20:23:39

China still leading in global shipbuilding industry

China maintained its top position in the global shipbuilding industry last year, an association said.
Source: Xinhua | 2019/1/26 22:14:49

US crude oil production remains level: EIA weekly report

US crude oil field production stayed level during the week ending Jan. 18, the US Energy Information Administration (EIA) said on Thursday.
Source: Xinhua | 2019/1/25 15:13:06

ASEAN exports slide unexpectedly as China-US trade dispute disrupts supply chains

Not long ago, many analysts said countries in Southeast Asia would gain from the trade war between China and the US. These observers argued that the dispute would accelerate the ...
Source: Global Times | 2019/1/24 20:00:02

Chinese venture capital could play key role in driving growth of Russia's capital-thirsty AI start-ups

When artificial intelligence (AI) proceeds to actual application, China and Russia will benefit from their engineers, entrepreneurs as well as the foreign and vast domestic market. China could therefore leapfrog ...
Source: Global Times | 2019/1/24 17:27:13

Chinese male borrowers have more P2P defaults than females: report

Chinese men generate three times defaults on peer-to-peer (P2P) online loans as the opposite sex, domestic news site 21jingji.com reported on Wednesday, citing a report on credit.
Source: Global Times | 2019/1/23 22:38:41

China's aviation industry embraces digital era

China's civil aviation industry is accelerating its advance into the digital era, with major players sending clear signals of new opportunities worldwide.
Source: Xinhua | 2019/1/23 15:19:40

China's iconic sedan brand Hongqi reports spike in 2018 sales

Hongqi, a brand under China's leading automaker FAW Group, sold 33,028 cars in 2018, marking a 602-percent rise year on year, FAW Group said Wednesday.
Source: Xinhua | 2019/1/23 15:17:16

China Focus: China's rustbelt pursues service-oriented administrations to woo business

At a construction site in freezing winter, government official Shi Wei joins workers laying and burying cables underground for an aluminium company worth billions of yuan.
Source: Xinhua | 2019/1/23 9:00:57

China's oil, gas industry targets environmental improvements in 2019: report

China's oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operations in 2019, leading energy and shipping certification agency DNV GL said ...
Source: Xinhua | 2019/1/23 8:52:38

Guizhou, home of China's 'silicon village', sees GDP surging on big data

Guiyang, Southwest China's Guizhou Province, home of China's “silicon village”, has witnessed rapid growth of the local economy, buoyed by the big data industry.
Source: Global Times | 2019/1/22 21:18:41

India's industrial upgrade is moving fast, but can it replace China as 'factory of the world'?

Manufacturers are now beginning to build more plants in India rather than in China. India's labor costs and raw material prices are significantly lower than China's, but the country still ...
Source: Global Times | 2019/1/22 20:08:43

China's property tax plan could emerge for 2019: top expert

China's long-delayed plan to collect property tax, one of the country's biggest efforts to curb a swelling real estate market, could make headway this year, according to a top tax ...
Source: Global Times | 2019/1/22 0:01:54