BUSINESS >> Insight

An all-out fight against poverty

The Chinese government has made eradicating poverty a top priority, vowing to lift millions of people out of poverty by 2020. With a huge impoverished population, Southwest China's Yunnan Province is a must-win battlefield for reaching the goal. Facing mounting pressure, local officials have launched all-out efforts to fight poverty, which have made great progress but revealed new challenges.
Source: Global Times | 2018/6/3 17:13:40

New aviation era: How China became the biggest Airbus market

European aircraft manufacturer Airbus entered the Chinese market amid China's early reform and opening-up.
Source: Global Times | 2018/5/31 18:03:40

MSCI inclusion not an A-share savior

On Friday, the first batch of Chinese mainland-listed stocks will be included in the MSCI indexes, an inclusion that China has been striving toward for years. But some active fund managers have noted that they won't immediately react by changing their investment portfolios after the inclusion. Some domestic media have cautioned that investors should not get carried away by the news. But some experts nevertheless have stressed that the inclusion will be a big bonus for domestic stock markets as increased investor confidence can drive up stock prices.
Source: Global Times | 2018/5/30 0:03:40

HK firms aid mainland's opening-up

Since the Chinese mainland decided to open up its economy to foreign investors in 1978, companies from Hong Kong have been contributing greatly to the mainland's drive in foreign trade and the domestic manufacturing industry. Hong Kong business representatives told Global Times reporter Huang Ge that the mainland's investment environment has kept improving thanks to the opening-up policy, which has also brought many opportunities to Hong Kong firms. Those companies are now expected to help mainland companies understand how to protect their intellectual property.
Source: Global Times | 2018/5/29 15:33:39

HTC bets on VR to reVive its smartphones

To the outside world, HTC's phone business is close to death, especially after Google bought a chunk of the Taiwan-based phone maker's smartphone design talent in January. But to the company, they believe they still have a future in the smartphone world, particularly when it comes to integrating the device with virtual reality (VR) and augmented reality (AR).
Source: Global Times | 2018/5/28 17:43:39

Russian ice cream brands eye hungry Chinese market but challenged by emergence of fake goods

Promoted by Russian President Vladimir Putin as a state gift during the 2016 G20 Hangzhou Summit, Russian ice cream has since won a niche market in China. As the business grows, Russian ice cream makers are finding themselves in an uphill battle to further promote the dessert among Chinese consumers as they tackle the copycats stealing their limelight.
Source: Global Times | 2018/5/27 17:43:40

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