BUSINESS >> Insight

China's aviation milestone

When reviewing China's achievements over the past five years during the opening session of the 19th National Congress of the Communist Party of China (CPC) on Wednesday, Xi Jinping, general secretary of the CPC Central Committee, pointed out that a nationwide innovation-driven strategy has allowed the country to witness a series of scientific and technological breakthroughs.
Source: Global Times | 2017/10/19 17:23:39

International talent magnet

More and more international talents are coming to China to find opportunities in the finance industry or to start their own businesses. The Global Times asked several expatriates working in the finance and business field why they think China is such a promising country for professionals like them. Particularly, they cited that China holds an open attitude to foreigners, has strong capital market growth and boasts convenient financial services. Meanwhile, domestic cities are aiming to develop financial sectors to attract even more talents from abroad.
Source: Global Times | 2017/10/18 17:33:39

Gas truck boom

On a recent morning in Yutian, a dusty town in Tangshan city, North China's Hebei Province, bisected by the highway that connects Beijing to the sea, Su Meiquan strolled into a dealership packed with hulking trucks and prepared to drive off with a brand new rig.
Source: Reuters-Global Times | 2017/10/17 17:08:39

Sleepy cities awake

Investors are rushing to a sleepy city on the southern coast of China thanks to a government policy that has seen tens of billions of dollars earmarked to produce a regional economy that would rival the biggest in the world.
Source: Reuters-Global Times | 2017/10/16 17:53:39

E-commerce alleviates poverty

Northwest China's Gansu Province is one of the least developed areas in China. Longnan, located in the southern part of the province, is a typical mountainous area that has been stuck in poverty due to its geographical isolation. Many remote villages there have little connection with the outside world and local residents have been struggling to make their ends meet. A Global Times reporter recently traveled to the area to gauge how China's national poverty alleviation campaign has changed their lives over the past five years.
Source: Global Times | 2017/10/15 17:38:39

After building new bases in Beijing, China Southern, China Eastern plan further expansion, posing competition for rival Air China

China's three biggest airlines – Air China, China Eastern Airlines and China Southern Airlines – have long dominated air traffic in their regional headquarters of Beijing, Shanghai, and Guangzhou, capital of South China's Guangdong Province.
Source: Global Times | 2017/10/12 17:23:40

Formula milk frets

Although Chinese infant formula milk powder brands have witnessed a steady recovery in sales in recent years due to the food authority ramping up efforts to regulate the production and sales of the product, domestic brands' growth rates are still lagging behind those of their foreign counterparts. Some Chinese consumers still do not trust the quality of domestic brands, and their comparatively steeper prices due to high logistics costs are another disadvantage. As such, experts have advised that Chinese dairy enterprises must further optimize their milk sources and enhance their brand awareness in order to woo consumers.
Source: Global Times | 2017/10/11 17:08:39

The delay game

The China-Thailand railway project, well known for its repeated timetable delays, has yet again experienced another hiccup. But this time around, experts are saying that the reasons for the setback stem from economic and political factors rather than technical ones. They also warn that given the project's sluggish track record, there might be even more unexpected interruptions down the road, especially due to differing efforts from both sides.
Source: Global Times | 2017/10/10 16:53:39

Snacks on tap

In the wake of the sharing economy's birth, which saw Chinese companies pumping money into shared bikes, shared umbrellas, shared mobile phone chargers and shared mini-gyms, the country's various venture capitals and private equity funds are now edging toward a new round of investment opportunities - unmanned shelves.
Source: Global Times | 2017/10/9 18:23:39

World Solar Challenge still 'pushing the boundaries' in solar car industry

This weekend might mark the 30th anniversary since the first running of the world's foremost solar car competition, the World Solar Challenge, but event organizers have made sure they are "still pushing boundaries" to ensure a future involving sustainable solar-powered vehicles remains a possibility.
Source: Xinhua-Global Times | 2017/10/9 9:53:39

Long-distance run phenomenon boosts sports industry, local tourism in China's cities

In recent years, tides of Chinese cities have been competitively hosting marathons, which have not only contributed economically to local tourism and hotel industries, but have also given birth to a whole new industry chain.
Source: Global Times | 2017/10/9 9:53:39

Bombardier's battle

Canadian plane and train manufacturer Bombardier Inc took big hits to prospects for growth in its core units this week, putting it under increased pressure to find new markets for its jets and a potential new train maker partner.
Source: Reuters-Global Times | 2017/9/28 18:18:40

Toys 'Я' China

Toys“R”Us Inc is reportedly scrambling to uphold its global business, but what is certain is that the company is thriving in the Chinese mainland market, with its 140th Chinese store recently opening in Shanghai. Similarly, other overseas toy brands like Lego and IKC are also enjoying double-digit growth numbers in the Chinese mainland at the moment. The country's economic rebound and Chinese parents paying more attention to their children's all-round development are two reasons behind the phenomenon. However, consumers argue that the high quality of foreign brands is the top explanation, though some remain worried over safety standards as most toys are still being manufactured in China.
Source: Global Times | 2017/9/27 16:48:39

Treasures beneath the sea

Before mankind's first commercial deep-sea mining endeavor begins in 2019, China's Xiang Yang Hong 06 survey vessel is currently examining the seabed of the East Pacific for precious metals in a three-month-long voyage. A leading expert in China's seabed mining quest says of the voyage that the country is sailing toward a program that will see the extraction of 30 tons of minerals per hour from 1,700 meters beneath the sea by 2020, minerals that are much-needed in the country.
Source: Global Times | 2017/9/26 18:13:40

Eyes on Israel

Many Chinese firms have been investing in the Israeli market over the past two years. The investment logic of these companies is to introduce Israeli products or technology, mainly in the high-tech and healthcare sectors, to the Chinese market. In addition to acquiring local mature firms, such companies are now pouring investment into Israeli start-ups, either directly or via local funds.
Source: Global Times | 2017/9/25 17:38:39

Made in China timepiece era

As the world's factory, China produces 80 percent of the total global volume of watches. In South China's Guangdong Province, considered a manufacturing hub, numerous original equipment manufacturers (OEMs) have been providing components and accessories to foreign watch brands for decades. Some of them have even started their own brands. While some suggest that Chinese watch manufacturing is quickly catching up with the industry in Switzerland, as Chinese brands are now expanding into the international market, a huge development gap still exists.
Source: Global Times | 2017/9/24 17:08:39

Airbus looks to China for A380 sales

Chinese airlines might need between 60 and 100 Airbus A380 double-decker jets over the next five or so years as passenger traffic grows, the planemaker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.
Source: Reuters-Global Times | 2017/9/21 17:08:40

Korean conundrum

On a faded notice pasted to the padlocked doors of the Lotte Mart superstore in Jiaxing, East China's Zhejiang Province, a date can still be read: March 6, 2017 – when the store was ordered to “temporarily” close over fire safety issues.
Source: Reuters-Global Times | 2017/9/20 17:23:39