BUSINESS >> Insight

Xinjiang's outlook on Silk Road brings in industries, opportunities

After two hours of hectic work in the morning, Guzalnur Samat adeptly switches off the machine by the assembly line and quickly walks into the Moslem canteen.
Source: Xinhua-Global Times | 2018/9/18 16:23:39

Capital-rich Chinese investors march into India's blooming food takeout market

Chinese tourism website ctrip.com is reportedly considering investing in Zomato, an India-based food delivery company, joining other big online Chinese names like Meituan Dianping and Alibaba, which have already invested in Indian food delivery companies. Experts say that as the trend of eating out rises in India, food delivery companies are grabbing market shares through unchecked money spending, which means they need capital from overseas investors. Chinese companies are being welcomed not only for their money but also for their success at home.
Source: Global Times | 2018/9/17 16:58:40

Chinese netizens furious as homegrown drone companies sue each other in US

News of so-called American company Autel Robotics attempting to block DJI, the world's leading drone manufacturer, from the overseas market, seemed to be at first another escalation of the China-US trade tensions.
Source: Global Times | 2018/9/16 17:23:39

Despite more women joining fighting club in China, experts caution poor standards, high costs may hinder industry expansion

Cui He, a 26-year-old white-collar worker based in Shanghai, has been curbing her desire for new clothes and bags to save money for twice-weekly fighting classes instead.
Source: Global Times | 2018/9/13 18:28:40

China's aircraft leasing sector to go from 'quantity' to 'quality' in future: expert

China's aircraft leasing industry, after a decade of explosive growth, is now reaching a turning point, as the nation is on its way toward deleveraging and as financing channels are gradually reducing, which has ramped up massive pressure on domestically owned aircraft leasing companies, industry observers said.
Source: Global Times | 2018/9/12 18:13:40

Private firms catching up with State counterparts in realizing China's civil-military agenda: experts

Civil-military integration (CMI) has been a national strategy and a priority within China's leadership agenda since 2012. In February, the Chinese government launched a campaign to review and update regulations related to CMI. Global Times reporter Ma Jun recently attended a CMI forum in Mianyang, Southwest China's Sichuan Province, where industry observers shared their insights on the topic and suggestions on how private companies could better compete with their State-owned counterparts.
Source: Global Times | 2018/9/11 16:58:39

Tire town in China suffering economic hardship amid escalating environmental regulations, financial crackdowns

Tougher environmental regulations and tightened financial policies have left Dawang town, dubbed a cradle to China's tire industry, in shambles. An industry-wide consolidation is taking place in China, leaving only the most competitive tire companies, as described in a report released by domestic news portal jiemian.com on September 3. Some tire makers are hedging the domestic risks with production bases overseas.
Source: Global Times | 2018/9/10 17:58:39

China's influence and voice are becoming more important to global tourism development

With China playing an increasing positive role in global tourism, its influence and voice are in turn becoming more and more important in the development of the sector. This year's Fragrant Hills Tourism Summit, which was held in Qingdao from Friday to Saturday, provided a stage for global tourist cities to share their experiences on sustainable tourism management and to help promote economic development. Experts discussed topics during the summit including China's investment trend in the sector and opportunities and challenges faced by the globalization of tourism.
Source: Global Times | 2018/9/9 18:08:40

China's slowing SUV sector doesn't deter foreign car firms

Despite a slowdown in China's sport utility vehicle (SUV) market, foreign automakers are still gearing up to vie for a slice of the pie, with early starters rushing to roll out brand-new models to attract young consumers and latecomers building factories to bolster their presence in the market.
Source: Global Times | 2018/9/6 18:44:39

Chinese attendants of USTR hearing say destroying a mutually beneficial economic relationship is good for no one

Despite their small amounts, Chinese attendants of August's weeklong USTR hearing in Washington DC were able to articulate their doubts and oppose proposed tariffs on $200 billion worth of Chinese goods. Three Chinese attendants of the hearing provided a detailed account of the event in an exclusive interview with the Global Times, amid fears the US could nevertheless impose the tariffs by the end of the week.
Source: Global Times | 2018/9/6 17:43:40

Science and Technology Daily reports show China still lags behind US in various industries, but making quick progress

The debates held in 2001 and 2018 on “what is strangling” China's industries have given a special meaning to the last 18 years. Much has changed in this time, but while China might still feel “strangled” by its dependency on overseas technologies, the sectors affected are very vast, which shows that China has advanced steadily and challenged foreign technological monopolies.
Source: Global Times | 2018/9/5 17:43:40

Golden Ghana: Chinese businessmen hail potential of rising economic star in Africa

The year 2018 is his 23rd doing business in Ghana. In 1995, when Tang Hong was assigned by his employer to develop clients in Africa, he visited Accra, capital of this nation of 28 million people on West Africa's Gulf of Guinea. Three years later, Tang launched his own business.
Source: Global Times | 2018/9/4 18:18:40

Railway workers recap train development in China since reform of 1978

Railway workers at Ji'nan West High-speed Railway (HSR) Station, a key stop along the Beijing-Shanghai HSR line, share with the Global Times a personal account of the Chinese railway industry's development during the four decades following China's reform and opening-up in 1978. From an underdeveloped industry to a world-leading public service, the industry is developing fast and laying solid foundation for China's economic growth. Achieving profitability only six years after its launch, the Beijing-Shanghai line is the world's fastest railway line in commercial operation.
Source: Global Times | 2018/9/3 17:23:39

Carrying Chinese goods through airports still popular with African businesspeople

It was 5 pm, and Saada Masood Ally Seif, a Tanzanian passenger in her 20s, was waiting in the departure hall of Guangzhou Baiyun International Airport, though her flight would not take off for another seven hours.
Source: Xinhua-Global Times | 2018/9/2 17:18:41

Future of flight seen through a microscope

The dream of flight has evolved from wood and metal to modern composite aircraft. Now, Airbus and Chinese scientists are aiming to revolutionize aviation with super-tiny nano-materials.
Source: Xinhua | 2018/8/30 18:48:40

Didi under fire after second murder in 3 months

Recent incidents in the ride-hailing sector have aroused widespread online debate in China. The Global Times spoke with a group of Didi Hitch drivers and employees concerning the safety issues of this growing internet giant, the most valuable unicorn backed by Alibaba and Apple. Some observers have suggested that Didi should have done more to improve its services, carry out tighter driver background checks and enhance emergency measures. However, the public is divided on who – authorities or the company – is responsible for the recent murders and rapes of female passengers. Some experts have also questioned current regulations and industry policies.
Source: Global Times | 2018/8/29 18:43:40

China enters '5G sprint period' , goes all out to become world network powerhouse

With international standards for 5G now in place, countries like China that aspire to lead in the technology have been entering a “sprint period” and are heading toward the commercial launch of the upgraded wireless network. As 5G is expected to release huge business opportunities once it's applied in various sectors, key Chinese players in turn are going all out in order to prepare for mass adoption.
Source: Global Times | 2018/8/28 17:33:39

China's AI industry needs more fundamental research in real economy

As China rapidly builds momentum in becoming a global innovation center for artificial intelligence (AI), the country's integral players who focus on advanced technology should “search deeper into fundamental research and applications in the real economy,” industry experts told the Global Times during an inaugural technology forum held from Thursday to Saturday.
Source: Global Times | 2018/8/27 17:33:40