BUSINESS >> Insight

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

Pakistani-American entrepreneur hopeful about China's aviation market

Upon entering the office of Aventure, an aviation parts supplier based in Peachtree City, in the southern US state of Georgia, people are immediately attracted to the aircraft models of different types displayed in the center of the reception hall.
Source: Agencies-Global Times | 2018/7/26 17:23:40

China-owned Syngenta plots growth in challenging home market

A year on from Syngenta's $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market.
Source: Reuters-Global Times | 2018/7/25 17:13:39

Magna-BAIC deal raises prospects for an 'automotive Foxconn' for EVs in China

In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.
Source: Reuters-Global Times | 2018/7/24 17:43:39

Pig farmers in China reduce soybean pulp consumption amid trade dispute

Pig farmers in Central China's Henan Province are reducing soybean pulp consumption in response to its rising prices amid the escalating trade conflict between China and the US.
Source: Xinhua-Global Times | 2018/7/23 17:48:39

Where does Japan's new minpaku law leave Chinese guesthouse investors?

In 2017, 7.35 million Chinese tourists traveled to Japan, with many of them choosing to stay at guesthouses to ensure an authentic experience, according to statistics released by the Japan National Tourism Organization. However, a new law to regulate minpaku (guesthouses) was officially enacted by Japanese authorities on June 15. And as a result, 80 percent of Japan's guesthouses have been delisted from Airbnb. The Global Times conducted interviews with several Chinese guesthouse hosts to discover the pros and cons of such a change in Japan's home-sharing industry, including potential business opportunities for the future.
Source: Global Times | 2018/7/22 17:38:39

Boeing lifts industry demand forecast as air show deals roll on

Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals during the ongoing Farnborough Airshow underscored the industry's resilience to rising global trade tensions.
Source: Reuters-Global Times | 2018/7/19 17:08:51

Bolstered by the ongoing nationwide economic reform, Wenzhou's manufacturing industry now seeks restructuring

Wenzhou's electric appliance sector had been developing rapidly in the wake of China's reform and opening-up policy, which stimulated massive market demand. But as time went by, the sector, like other manufacturing industries in Wenzhou, faced a crossroads, as traditional advantages like cheap labor dwindled and market overproduction weeded out small companies. Experts warn that some Wenzhou merchants don't have innovative mind-sets, which are the only way to preserve local manufacturing glory.
Source: Global Times | 2018/7/18 17:43:39

'World's pharmacy' reaches a crossroads as Indian generic drugs face rising competition, tougher regulation

India has long been known for its leading pharmaceutical industry, despite the country's relatively low overall development level. However, the industry has been promoted under a controversial policy that violates international drug patent rights, leaving it with an uncertain future, especially amid wider global criticism. Meanwhile, competition from neighboring countries and tightened regulation are also posing threats to the country's leading position in the generic drugs sector.
Source: Global Times | 2018/7/17 17:43:40

Wenzhou ex-fugitive shares business journey during China's 40-year economic reform

Merchants from Wenzhou, East China's Zhejiang Province are known for their talents in doing business. Many of them have grasped opportunities created by China's reform and opening-up policy to make ventures. The Global Times recently interviewed Hu Jinlin, a Wenzhou businessman nicknamed the “electric appliance king,” to talk about his business ups and downs during the 40 years of reform and opening-up.
Source: Global Times | 2018/7/16 18:08:40

Blockchain technology has potential to be applied in other sectors such as insurance: experts

Blockchain is now one of the hottest technologies in the world, including in China. Ongoing market mania over blockchain-oriented cryptocurrencies such as Bitcoin provides the evidence. But in addition to cryptocurrencies, where else in the financial industry can blockchain technology be applied by taking advantage of its decentralized nature and low-risk functions? And what are the difficulties in wider application in terms of its infrastructure technology and regulatory hurdles? The Global Times recently attended a comprehensive discussion on blockchain technology at the China Wealth Forum, where some industry insiders shared their points of view regarding such concerns.
Source: Global Times | 2018/7/15 17:23:40

Airbus faces A330 delivery delays amid HNA Group woes: sources

Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China's debt-laden HNA Group following a stand-off over late payments, according to industry sources and a Reuters examination of parked aircraft.
Source: Reuters-Global Times | 2018/7/12 16:53:40

China's modernized breeding facilities to see hens lay a billion eggs a day

Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in China's $37 billion egg industry, the world's biggest.
Source: Reuters-Global Times | 2018/7/11 17:48:40

Chinese-made prefabricated houses bring down housing costs for Kiwis by 30%

As domestic companies continue to upgrade their manufacturing capabilities and constantly explore the overseas market, they are also finding abundant opportunities in niche areas. Turning high labor costs in some developed countries into its own advantage, Shenzhen Yahgee Modular House Co has found a potentially massive overseas market for its prefabricated homes, especially in New Zealand. The company's success offers a great case study for how Chinese companies could find new markets amid rising challenges.
Source: Global Times | 2018/7/10 16:53:39

Overseas Chinese students return home to seek entrepreneurship

Driven by abundant opportunities and China's economic transformation, Chinese students who studied overseas now tend to return home after graduation to start their businesses.
Source: Global Times | 2018/7/9 17:13:39

AI ambulances and robot doctors: China seeks digital salve to ease hospital strain

In Hangzhou, East China's Zhejiang Province, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data.
Source: Reuters-Global Times | 2018/7/8 16:43:39

China's regional jet gold rush hits regulatory turbulence

The Chinese regional jet market is struggling to lift off the ground as authorities slow down approvals for new airlines, industry executives say, dashing hopes that recent policy changes would drive aircraft sales up.
Source: Reuters | 2018/7/5 16:58:39

Chinese businesspeople in cultural exchange industry revamp content to promote blockbusters in Thai market

The imports and exports of cultural productions such as TV series and movies have always been an important part of the China-proposed Belt and Road (B&R) initiative. As such, this has called for the enhancement of related people-to-people exchange in countries and regions along its routes. In Thailand, a Chinese businessman in the cultural exchange industry is calling for policy support from the Chinese government to instill vigor into the exports of Chinese films and TV works to battle their struggling influence and to regain their former glamour.
Source: Global Times | 2018/7/4 19:13:40