BUSINESS >> Insight

Yachting is booming in Hainan, but would 'yacht towns' be just as popular?

With “characteristic towns” popping up all over China, the local government of South China's Hainan Province recently announced it would build eight yacht towns by the end of 2025. It can't be denied that yachting and related sea activities have been quickly developing on the island province, but experts and industrial insiders are still in doubt about whether there are enough potential consumers and tourists who would visit and spend money in those towns once they are built.
Source: Global Times | 2018/8/22 17:23:40

IKEA's experience in China may help it grow in India

Swedish furniture behemoth IKEA opened its first store in India on August 9, creating quite a buzz among local residents, with industry insiders looking forward to the multinational's expansion in one of Asia's fastest-growing economies. A rising middle class has become a major factor in attracting foreign companies like IKEA to invest in India, and two decades of experience in a neighboring emerging market may help it better understand local needs.
Source: Global Times | 2018/8/21 17:33:40

China Railway Express boosts trade, employment rates across continent

Truck driver Lusso waits patiently at the Duisburg Intermodal Terminal (DIT) for a freight train from China. He is one of the several hundreds of truck drivers waiting at the largest of the nine terminals of the Port of Duisburg in western Germany to ship a China Railway Express-branded container.
Source: Xinhua-Global Times | 2018/8/20 18:03:39

Regulations help resolve P2P plight in China

In the shadows of many collapsing online peer-to-peer (P2P) lenders, Wu Hao, a Beijing-based investor, has been waiting anxiously in recent months to retrieve his savings.
Source: Global Times | 2018/8/19 17:13:40

In-flight Wi-Fi woes: Only 3% of registered airplanes in China offer internet services due to challenges in satellite resources

In-flight internet services are expected to attract more passengers in the Asia-Pacific region amid a period of consumption upgrading, but China still has a long way to go in this regard due to challenges in satellite resources and business models, industry insiders said.
Source: Global Times | 2018/8/16 17:38:39

Strong China-Australian tech collaboration challenges anti-China hysteria

Chinese and Australian companies are actively carrying out innovation collaboration, which challenges the Australian politicians and media agencies that tarnish China and fan anti-China hysteria.
Source: Global Times | 2018/8/15 17:53:40

Sound R&D driving China toward scientific breakthroughs: laureates

China is scaling up investment in scientific and technological innovations. Last year, the country's total spending on R&D was estimated to have hit 1.76 trillion yuan ($279 billion), up 14 percent year-on-year, putting it second behind the US in global rankings. So how is China's scientific development looking now? Is it proportional to its R&D spending? The Global Times recently spoke with several Nobel Prize laureates of physics and chemistry who shared their thoughts on those questions.
Source: Global Times | 2018/8/14 18:18:39

As gaming centers spread across China with strong government support, analysts caution looming regulations

Esports is booming around the world, especially in the wake of the International Olympic Committee's announcement in October that the activity could become part of the Olympic Games. Apart from the online world, the industry in China is also seeking growth offline. Major players like Tencent Holdings and Allied Esports are gearing up to open esports centers around the world, which are expected to lure more audiences into the market. But industry experts have warned about market chaos, anticipating sector reshuffle amid talk of a national standard for esports centers.
Source: Global Times | 2018/8/13 17:58:39

China, India break Asian toilet taboo with national sanitation campaigns

China and India have both achieved progress in their campaigns to build more hygienic toilets and enhance people's hygiene awareness in recent years. Restricted by its religion and culture, India's “Clean India” mission, however, is unlikely to hit target by the October 2019 deadline, when it hoped to put an end to open defecation. In comparison, China's “toilet revolution” has developed rapidly in the tourism industry, making marked progress in rural areas in particular. Experts said technology innovation is the key to driving change and mitigating the risks of water pollution.
Source: Global Times | 2018/8/12 17:38:39

EVs may be sales bonanza for suppliers

In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water, a physical impossibility that should cause a short circuit.
Source: Agencies-Global Times | 2018/8/10 0:03:39

Alibaba office app tracking Chinese employees fuels online backlash

In the cramped former home of Jack Ma Yun, founder of Chinese e-commerce giant Alibaba, about 30 young engineers sit elbow-to-elbow working to attract the next million users to DingTalk, Alibaba's workplace communications software.
Source: Reuters – Global Times | 2018/8/8 17:33:40

Homestay business to face stricter regulations in China

The homestay industry is developing fast in China, particularly in certain cities in the southwestern region. Meanwhile, however, problems such as vicious competition and complaints from property owners have also emerged. Experts have called for the rollout of government regulations to standardize and regulate the “barbarously growing” industry.
Source: Global Times | 2018/8/7 18:48:39

Lack of R&D, poor quality management undermine China's huge vaccine industry

As a rabies vaccine scare rocked China, experts said weak innovation has undermined its vaccine industry, even as the growth potential for the sector is huge.
Source: Global Times | 2018/8/6 18:53:40

AI schooling blossoms in China amid talent shortages

All of a sudden, schools and institutions dedicated to artificial intelligence (AI) teaching and research have blossomed in China, as the country strives to become a global incubator for AI talent by 2030. Official data shows that more than 70 Chinese universities and colleges had introduced AI-related majors as of December 2017, and that has helped to quickly bring the advanced technology into reality. However, education experts and insiders are now concerned that the rush will likely generate too much industry hype.
Source: Global Times | 2018/8/5 17:33:39

Winter Olympic Games sparks Chinese farmers' skiing dream

In a sweltering hot room of a sports school in Beijing's northern suburb, Lang Enge and his peers diligently practice their skiing on a fast-moving ski machine.
Source: Xinhua-Global Times | 2018/8/1 17:48:39

UAE energy venture changes perception of Chinese firms

With two major energy projects in Dubai functioning as a narrative to the comprehensive capability of Chinese businesses beyond purely getting the job done in a quick and cost-effective manner, there's a growing belief that Chinese companies venturing into overseas markets would become hotly pursued as quality growth enablers, epitomizing the Chinese economy's shift toward a more balanced growth.
Source: Global Times | 2018/7/31 18:33:40

Hainan housing curb sparks investor flight

A cooling down of Hainan's real estate sector since April 22 when strict regulations were rolled out has shifted purchase demand and sent property firms to the island's surrounding areas including Southwest China's Yunnan Province and South China's Guangxi Zhuang Autonomous Region as well as some Southeast Asian countries such as Thailand and Cambodia. As the property craze subsides, Hainan island, which is designated as a free trade port, needs to expand its energy import and infrastructure development to position itself as a transit consumption center for foreign tourists, according to industry analysts.
Source: Global Times | 2018/7/30 17:53:39

Europe awaits largest Chinese tourism season

The stars are aligning for a bumper year of Chinese tourism in Europe thanks to a growing taste for culture over shopping and fears of a cold reception in Donald Trump's America.
Source: Reuters | 2018/7/29 16:38:39