BUSINESS >> Insight

Let's talk demographics

The growth rate in the number of domestic internet users began slowing down in 2017, prompting analysts to speculate that the country's internet industry, propelled by its population dividends, will soon begin to plunge. However, at the same time, there is a potentially sizeable market worth billions of yuan in the country's third- and fourth-tier cities, as demonstrated by hit market apps Pinduoduo and Qutoutiao. The Global Times recently spoke to two users of the apps to find out how internet start-ups tailor their services to capitalize on that particular untapped market.
Source: Global Times | 2018/5/23 17:18:39

Medical tourism emerges in Hainan

It has been one month since the Chinese government announced its plans to build South China's Hainan Province into a free trade port. Under the plan, Hainan will focus on the development of tourism, modern services and high-tech sectors so they can become supportive industries in boosting local economic growth. Has the tropical island become the recipient of a new wave of domestic and foreign tourists? Will medical tourism and duty-free shopping become new sources of tourism revenue in the future? Global Times reporter Li Xuanmin recently paid a flying visit to Hainan to investigate. This is the second part of a two-part story.
Source: Global Times | 2018/5/22 17:33:40

Investors gamble with Hainan's fledgling horse race industry amid drive to open up local economy

China announced in mid-April that it would build its southern island of Hainan into a free trade port by 2025. Under relevant guidelines, Chinese authorities in the province will encourage horse-racing events that adopt lottery models as part of its plans to further open up the province's economy. Global Times reporter Li Xuanmin recently visited Hainan to investigate how far the island is away from realizing a mature horse-racing industry. This is the first part of a two-part story.
Source: Global Times | 2018/5/21 17:23:39

Carton crisis

As domestic paper prices surge amid a shortage of raw materials, companies across the industrial chain have been feeling the impact, with carton makers suffering the biggest bite. Experts have warned that the unstable relationship between China and the US may also pose more challenges to the industry in the future.
Source: Global Times | 2018/5/20 17:13:40

Challenge accepted

The C919, a China-made narrow-body aircraft aiming to break the monopoly of foreign manufacturers, has been smoothly on its way from the blueprint to the blue sky.
Source: Global Times | 2018/5/17 18:38:40

Made-in-China products change industrial patterns in Middle East

Made-in-China products are playing an important role in the Middle East. Global Times reporter Xie Jun recently visited Bahrain to learn from local officials and Chinese traders settling in Dragon City about how Chinese goods are received locally and the impact of China-Bahrain trade ties on the local economy.
Source: Global Times | 2018/5/16 18:23:40

Chasing a better life

Pingxiang, located in the southern part of South China's Guangxi Autonomous Region, has recorded exponential growth in border trade with Vietnam. The town has also been welcoming more Vietnamese workers who fill a variety of job vacancies in labor-intensive industries. Global Times reporter Chen Qingqing traveled to Pingxiang last week to find out why Vietnamese workers want to come and work in China as well as how local authorities are legalizing this workforce.
Source: Global Times | 2018/5/15 18:13:40

CMQIP exemplar of B&R industrial cooperation

South China's Guangxi Zhuang Autonomous Region has been working with Singapore on the Southern Transport Corridor (STC) since the beginning of 2017. The project, which is also playing a complementary role in the China-proposed Belt and Road initiative, aims to tie up Guangxi's Beibu Gulf areas with Southeast Asia in both transport and industrial cooperation. Global Times reporter Chen Qingqing last week visited a major port and industrial park in the area to find out how the STC is influencing China-ASEAN economic ties. This is part two of a two-part story.
Source: Global Times | 2018/5/14 18:08:40

Guangxi to explore new freight services linking western China and ASEAN

South China's Guangxi Zhuang Autonomous Region has been working with Singapore on the Southern Transport Corridor (STC) since last year. The project, which is also playing a complementary role in the China-proposed Belt and Road initiative, aims to connect more western regions in the country with Southeast Asia through Guangxi's Beibu Gulf area. Global Times reporter Chen Qingqing recently visited a major port and an industrial park in the gulf region to find out how the STC is influencing China-ASEAN trade ties. This is part one of a two-part story.
Source: Global Times | 2018/5/13 17:38:39

Domestic firms still lag behind Western rivals, but boast advantages in AI technologies: industry experts

The US government's ban on Chinese telecom company ZTE Corp almost led the company into a state of “paralysis,” making China believe that the battle for chip independence had graduated to an emergency. Besides mounting efforts demonstrated by both the enterprises and the government to drive chip development, foreign technology transfers, as well as China's early layout in the AI industry, have become the true building blocks for the domestic chip-making industry.
Source: Global Times | 2018/5/9 18:18:40

Lackluster second-tier cities lure fresh graduates with benefits to help drive local economic development

Fueled by the demand to develop local, newly emerging economies and boost innovation, more and more Chinese second-tier cities are ramping up efforts to attract the country's freshest graduates by putting forward a series of preferential policies. The gesture is certainly a friendly one with the obvious aim to retain new talent, but it turns out that it is not the only reason to stay in such cities.
Source: Global Times | 2018/5/8 17:28:39

Farmer frets

American farmers have been bracing for a tariff race between the US and China ignited by the Trump administration – economic shots that would likely hurt America's traditional agricultural heartland.
Source: Xinhua-Global Times | 2018/5/7 17:13:39

Short video apps become new online moneymaker, but not without heavy criticism

Hundreds of millions of Chinese spend tons of hours watching short video clips on their mobile devices nowadays, with each of those viewers being worth at least 7 yuan ($1.10). Short video platforms now hope they can wage a war by snatching web traffic as well as ad revenues from other media sources. Experts say their success lies in viewer addiction, warning there are regulatory risks.
Source: Global Times | 2018/5/6 17:58:39

Rising demand pushes express companies to acquire more aviation assets

There is already an intense race among Chinese express companies on the streets of Beijing and other major cities in China, where couriers on motorized tricycles try to beat the traffic each day to quickly reach their drop-off locations.
Source: Global Times | 2018/5/3 17:38:39

'Small-town kids': Demographic changes in third- and fourth-tier cities drive China's consumption growth

The bright lights of Beijing or Shanghai have never held much allure for Wu Tongxu, a 24-year-old civil servant earning a modest salary in the nondescript city of Xinxiang in Central China's Henan Province.
Source: Reuters-Global Times | 2018/5/2 16:53:39

Banks feel bite of low IPO approval rate

The summer of 2018 is on the horizon, yet Beijing-based investment bank sponsor representative Wang Wei is feeling the chill after the IPO application he turned in and had worked on for the past couple of years was rejected by the Issuance Examination Committee (IEC) under the China Securities Regulatory Commission (CSRC) on Thursday.
Source: Global Times | 2018/5/1 18:03:39

Beijing Airlines takes on new business venture

Seven years after its establishment, a subsidiary company under Air China has once again come under the spotlight.
Source: Global Times | 2018/4/26 17:53:40

Hong Kong dollar defense succeeds

The Hong Kong dollar has bounced back after continuous slumps against the US dollar, a historical success for the Hong Kong Monetary Authority in taking efforts to buy in the currency after it depreciated to touch a psychological level in the present exchange rate system. Experts say that Hong Kong's foreign currency reserves are enough to deal with any future shorting consequences, but an interest rate hike, which is very possible, would nevertheless bring about worrying ramifications to local economic sectors like real estate and investment.
Source: Global Times | 2018/4/25 18:13:40