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Regulators open up the country's finance sector

In practice, a combination of well-entrenched local companies and an opaque regulatory regime means global banks will move only very cautiously to exploit the new rules, bankers and lawyers said.
Source: Reuters-Global Times | 2017/11/19 18:53:39

China will need 60-100 of the aircraft in the next 5-7 years to support growing air traffic: Airbus

As the largest and most expensive wide-body passenger aircraft flying in the world's skies today, the Airbus 380 (A380) has attracted widespread attention since its entry into service in 2007.
Source: Global Times | 2017/11/16 18:23:39

It's time for business: Trump visit sparks golden era for China-US trade cooperation

US President Donald Trump's state visit to China, which sparked business deals worth more than $250 billion, has laid out a positive path for future Sino-US business cooperation – one that will focus on trade rather than political disputes. However, volatilities will persist within the bilateral trade relationship due to lingering differences.
Source: Global Times | 2017/11/14 17:08:39

2017 a key year for China's AI industry as it begins to outperform the US in tech breakthroughs

China and the US are now the two world leaders in pursuing AI development. 2017 in particular has been a key year for China's AI industry, as more and more domestic companies have been making technological breakthroughs within the sector and as the application of AI has been penetrating all aspects of daily life in China. During the AI World 2017 summit held in Beijing on Wednesday, experts discussed what milestones the domestic AI industry has reached so far.
Source: Global Times | 2017/11/13 17:23:39

China's delivery sector goes green over environment and cost concerns

China's e-commerce industry is boosting the development of the domestic express delivery sector, which is gradually becoming smarter and more efficient. But the “aftermath” of China's annual online shopping spree, known as ''Singles' Day''– when hundreds of millions of tons of packaging waste is generated – is troubling the sector. This has led e-commerce firms and government authorities to show their determination in addressing environment issues, which analysts say is a good start, but warn there are still many hindrances ahead.
Source: Global Times | 2017/11/12 17:18:39

American Airlines launches nonstop daily service from Beijing to LA

American Airlines (AA), the world's largest carrier by fleet size, commenced its nonstop daily passenger service between Beijing and Los Angeles on Monday, the first US airline to offer such service between the two countries.
Source: Global Times | 2017/11/9 16:23:40

Local authorities work to alleviate poverty in Muslim community, align religion with socialist values

In some Chinese regions where ethnic minority groups reside, fighting poverty is a big challenge. Some experts suggested that an overwhelming sense of religious practice might hinder local economic growth and that some communities should become more modernized and live in line with the country's socialist values. A Global Times reporter recently traveled to Linxia Hui Autonomous Prefecture in Northwest China's Gansu Province to find out more.
Source: Global Times | 2017/11/8 18:43:39

As Singles' Day approaches, China commits to an eco-friendly courier sector

While online marketplaces in China are busy preparing for an upcoming shopping bonanza with promises of faster delivery to woo buyers, the government has started working on addressing the “aftermath” of online sales – hundreds of millions of tons of packaging waste generated across the country each year.
Source: Xinhua-Global Times | 2017/11/7 17:23:39

China's burgeoning biotech industry pioneers discovered-in-China medicines as regulatory reforms drive drug innovation

Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multibillion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.
Source: Reuters-Global Times | 2017/11/6 16:58:40

In the wake of Cellon's controversial report, experts look into Jiangxi's business environment

An investigation report which blames the local government in Gongqingcheng, East China's Jiangxi Province, of directly causing communication services provider Cellon to fall has gone viral. In the wake of the report, an increasing number of investors ponder whether Jiangxi is a good destination to invest. The Global Times recently spoke with businessmen and experts to figure out what Jiangxi's investment environment is currently like in terms of governance, policy consistency and government supportive measures.
Source: Global Times | 2017/11/5 17:43:39

E-commerce excellence: foreign airlines team with e-travel firms to connect Chinese tourists with world

Collaboration with e-commerce companies has become a big trend in the aviation industry recently as more airlines announce cooperation deals with e-travel sites.
Source: Global Times | 2017/11/2 18:33:39

Shared medical mall emerges

The country's first so-called medical mall, the latest edition to the red-hot sharing economy, recently opened in Hangzhou, capital of East China's Zhejiang Province, Beijing-based Economic Information Daily (EID) reported on October 24.
Source: Global Times | 2017/11/1 18:33:39

As China's home prices cool, some property companies seek to reduce risks

As the froth comes off China's home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive.
Source: Reuters-Global Times | 2017/10/31 16:33:39

A Nordic Nightmare

Is Finland a good place for investment? For Chinese businessman Wang Jiazhu, the answer to that question cost him 6 million euros ($6.96 million), or all his investment in Finland. His investment project, the China Center, based in Kouvola, Finland, was shut down after a massive raid by Finnish police in 2009 on search of illegal immigrants. The Global Times recently spoke with Wang, his lawyer and witnesses involved in the case to search for updates, to figure out the full details of the case and to gauge whether there is a future for Chinese investment in Finland.
Source: Global Times | 2017/10/30 18:03:39

Double 11's global presence

November 11, or dubbed as “Double 11,” China's largest shopping festival, is just two weeks away, and both Chinese and foreign merchants on Chinese e-commerce platforms such as JD.com and Alibaba are now busy preparing for it. For them, however, it is not only a shopping event, but also an opportunity to expand the Chinese e-commerce ecosystem to the overseas market. While global awareness of the Double 11 festival has been rising in recent years, merchants face challenges in serving more people around the world.
Source: Global Times | 2017/10/29 17:23:39

Rise of the second-tier city

In less than a week, Hainan Airlines, China's fourth largest carrier in terms of fleet size, is due to officially launch two international flights to North America, the latest example of its efforts to expand operations from second-tier cities to the continent.
Source: Global Times | 2017/10/26 18:08:39

Cash loan controversy

Chinese people are becoming more and more willing to spend. But if they don't have money, they borrow. This ever-growing phenomenon has recently thrown cash loans, also known as fast loans, right under the public spotlight.
Source: Global Times | 2017/10/25 20:13:39

China benefits from culture sector reform

China's culture industry has been developing rapidly over the last five years, especially due to its integration efforts with other sectors, enabling it to become a key mechanism in driving the country's economic growth, experts said.
Source: Global Times | 2017/10/24 17:18:39