BUSINESS >> Insight

Growing airlines re-evaluate 737 Max workhorse buys

The grounding of Boeing's global 737 Max fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.
Source: Reuters | 2019/3/17 16:18:40

Boeing in limbo

China's move to ground Boeing Co's 737 Max jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker's immediate hopes for a major jet order linked to a US-China trade deal, industry sources said.
Source: Reuters | 2019/3/17 16:18:39

Europe forges ahead with 5G

Imagine a robot that's smarter than you and can solve a Rubik's cube in three minutes, virtual reality glasses that enable you to enjoy immersive experiences in video gaming or a simulated live event that can be manipulated from a far distance.
Source: Global Times | 2019/3/3 20:10:01

Chinese parents invest in foreign properties for the chance of their child being admitted into university

As the gaokao, China's national college entrance examination and the biggest and most competitive test in the country, approaches, immigration companies are wasting no time advertising.
Source: Global Times | 2019/2/27 23:03:40

Factbox: Energy giants for more drilling

China's national oil companies are raising spending on domestic oil and gas drilling to the highest levels since 2016, responding to central government's call to boost national energy security.
Source: Reuters-Global Times | 2019/2/10 19:38:39

Tapping new discoveries

China's state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies.
Source: Reuters-Global Times | 2019/2/10 19:28:39

Robotic hotel

Gliding silently through Alibaba Group Holding's futuristic “FlyZoo” hotel, black disc-shaped robots about a meter in height deliver food and drop off fresh towels.
Source: Reuters | 2019/1/23 23:28:40

Why factory of the future will be in China?

Huawei's new production base in Songshanhu shows progress China made in industrial robotics, automation.
Source: Global Times | 2019/1/13 18:32:58

Homegrown avocados could replace Latin American imports in next three to five years: industry insiders

China's growing health-conscious middle class is fueling a rapid boom in the demand for avocado, which is dubbed as a “butter fruit” in China. Domestic farmers have been rushing to produce seedlings and grow avocado since 2017, aiming to capitalize on the rapidly expanding market, which is currently dominated by imports from Latin America. Do the latecomers have the ability to compete with the early starters? Some industry insiders argued that it would only take three to five years for homegrown avocados to replace the foreign imports in the Chinese market.
Source: Global Times | 2019/1/9 17:23:40

New video format generates huge profits for influential vloggers, equipment makers and platforms

Vlog, or video blog, has become a new trend among Chinese online celebrities recently, with many of them trying out the form of sharing daily lives to be more attached to their followers. While “normal people” are also ramping up efforts to accumulate popularity, in a bid to gain an early foothold in the booming industry. Moreover, eyeing the business opportunities, Chinese companies such as Tencent have also established new video platforms to attract vloggers, and equipment manufacturers also see their profits in the sector. It looks like a win-win business models for all involved.
Source: Global Times | 2019/1/8 19:13:40

Why PM Mahathir seeks to engage with China?

After his coalition won the election in May 2018, Malaysia's Prime Minister Mahathir Bin Mohamad declared that he would suspend several Chinese-funded projects.
Source: Global Times | 2019/1/7 18:38:39

Potato planting turns desert into land of fortune

A dry, rainless desert is a nightmare for most farmers, but adequate light and heat that come with it is a blessing for potato growers, as Zhu Hexiang has witnessed.
Source: Xinhua | 2019/1/7 17:33:42

China's consumption upgrading nurtures new e-commerce niche

For Tong Jun, a 32-year-old financial professional, price tags and brand names are no longer major concerns when making a purchase. Premium quality has the final say.
Source: Xinhua-Global Times | 2019/1/7 17:32:00

After numerous claims and counter-claims with Evergrande, FF is finally able to chart its own course for development, toward an uncertain future

Chinese electric vehicle startup Faraday Future (FF) settled the months-long dispute with its main investor, China's Evergrande Health, agreeing to a new restructuring plan and withdrawing the litigation. Season Smart, bought by Evergrande Health, now holds 32 percent preference shares and controls FF's factory in Nansha, South China's Guangdong Province. The new-energy vehicle manufacturer now strives to restructure its funding options in order to realize volume production of its first electronic car FF91.
Source: Global Times | 2019/1/6 18:55:40

What to expect in China's aviation industry in 2019

The aviation industry is a relatively sensitive industry as fuel costs, weather and other external factors could affect the passenger demand. However, in the past few years, the global economy has grown steadily, as the oil prices and interest rates have held at relatively low levels, and the passenger flow, load factor and profit are strong for the global airlines industry.
Source: Global Times | 2019/1/3 17:28:40

Quanjian's business empire on the verge of failing

The scandal of China's healthcare products maker, Quanjian, after it was exposed to have made false marketing claims about some of its medical products continued to ferment, with the government initiating investigations into the healthcare product giant.
Source: Global Times | 2019/1/2 19:33:39

Myanmar to make utmost efforts to ensure security of CMEC

Since the beginning of 2018, the friendly ties between China and Myanmar have continued their steady progress, with the two nations deepening pragmatic cooperation in a variety of areas. On September 9, 2018, the two sides signed a memorandum of understanding (MOU) in Beijing to build the China-Myanmar Economic Corridor (CMEC), one of the key projects of the China-proposed Belt and Road initiative (BRI). On November 8, the two countries signed a framework agreement on the Kyauk Phyu Special Economic Zone (SEZ) deep-sea port project in Nay Pyi Taw, Myanmar. Also, Myanmar has over the last two years been facing great international pressure over resolving the Rakhine State issue, but China has continued its support for the Myanmar government's stance on the issue. Recently at the Myanmar Embassy in Beijing, Global Times reporters Li Sikun and Li Qiaoyi (GT) got a rare interview with U Thit Linn Ohn (TLO), Myanmar Ambassador to China, seeking his input into some of the most important questions regarding the bilateral ties, most notably the CMEC.
Source: Global Times | 2019/1/2 19:08:39

China's economic big picture in 2019 to remain strong with sound fundamentals, enough levers and wider opening-up efforts

China's economy has defied doom-mongers again in 2018, and there are good reasons to remain confident about its outlook in 2019.
Source: Xinhua-Global Times | 2019/1/1 18:03:39