BUSINESS >> Insight

After numerous claims and counter-claims with Evergrande, FF is finally able to chart its own course for development, toward an uncertain future

Chinese electric vehicle startup Faraday Future (FF) settled the months-long dispute with its main investor, China's Evergrande Health, agreeing to a new restructuring plan and withdrawing the litigation. Season Smart, bought by Evergrande Health, now holds 32 percent preference shares and controls FF's factory in Nansha, South China's Guangdong Province. The new-energy vehicle manufacturer now strives to restructure its funding options in order to realize volume production of its first electronic car FF91.
Source: Global Times | 2019/1/6 18:55:40

What to expect in China's aviation industry in 2019

The aviation industry is a relatively sensitive industry as fuel costs, weather and other external factors could affect the passenger demand. However, in the past few years, the global economy has grown steadily, as the oil prices and interest rates have held at relatively low levels, and the passenger flow, load factor and profit are strong for the global airlines industry.
Source: Global Times | 2019/1/3 17:28:40

Quanjian's business empire on the verge of failing

The scandal of China's healthcare products maker, Quanjian, after it was exposed to have made false marketing claims about some of its medical products continued to ferment, with the government initiating investigations into the healthcare product giant.
Source: Global Times | 2019/1/2 19:33:39

Myanmar to make utmost efforts to ensure security of CMEC

Since the beginning of 2018, the friendly ties between China and Myanmar have continued their steady progress, with the two nations deepening pragmatic cooperation in a variety of areas. On September 9, 2018, the two sides signed a memorandum of understanding (MOU) in Beijing to build the China-Myanmar Economic Corridor (CMEC), one of the key projects of the China-proposed Belt and Road initiative (BRI). On November 8, the two countries signed a framework agreement on the Kyauk Phyu Special Economic Zone (SEZ) deep-sea port project in Nay Pyi Taw, Myanmar. Also, Myanmar has over the last two years been facing great international pressure over resolving the Rakhine State issue, but China has continued its support for the Myanmar government's stance on the issue. Recently at the Myanmar Embassy in Beijing, Global Times reporters Li Sikun and Li Qiaoyi (GT) got a rare interview with U Thit Linn Ohn (TLO), Myanmar Ambassador to China, seeking his input into some of the most important questions regarding the bilateral ties, most notably the CMEC.
Source: Global Times | 2019/1/2 19:08:39

China's economic big picture in 2019 to remain strong with sound fundamentals, enough levers and wider opening-up efforts

China's economy has defied doom-mongers again in 2018, and there are good reasons to remain confident about its outlook in 2019.
Source: Xinhua-Global Times | 2019/1/1 18:03:39

With Huawei's crisis comes opportunity

It is often pointed out that the Chinese word for "crisis," weiji, shares a character with jihui, meaning "opportunity." This similarity has been interpreted, perhaps inaccurately, as something along the lines of "with crisis also comes opportunity," and foreign dignitaries, from former US President John F. Kennedy to former US Secretary of State Condoleezza Rice, have employed the trope in their speeches. If there is any truth to the maxim, embattled Chinese telecom giant Huawei Technologies might soon face some opportunity.
Source: Global Times | 2018/12/19 20:18:41

Taste of Argentina

Argentina made products were wildly popular during the "double-11" shopping festival falling on November 11 this year. About 10,000 servings of imported Argentine veal were sold in just one minute, and 1.52 million tons of Argentine red shrimp were snapped up within an hour.
Source: Global Times | 2018/12/18 17:38:39

Chinese firms seek cooperations in Europe

As China's economic relations with the US grow tense, some Chinese companies are turning their eyes to European companies for possible acquisitions to seek more cooperation with European states.
Source: Global Times | 2018/12/17 16:53:40

Companies are cashing in on millennials' fear of going bald

As millions of young Chinese, stressed out from work and life pressure, are suffering from hair loss, cosmetic and plastic surgery firms are rushing to provide localized products and services to satisfy the unexpected demand to halt the follicle failure.
Source: Global Times | 2018/12/12 18:03:40

Overseas asset firms eye openings in China's nascent fund industry

Overseas asset management companies are speeding up their offerings in China's fund industry, not only issuing public funds in joint ventures with domestic companies, but also tapping into the private sector which only opened to overseas capital just a few years ago. Although the mainland market is still nascent, it can provide ample opportunities for overseas companies, which are keeping a keen eye out for further opportunities
Source: Global Times | 2018/12/11 18:43:39

Nestle chief talks localization, strategy to develop the China market

Food and nutrition multinational Nestle has rolled out plans to provide tastier but healthier products worldwide, while upholding localization in China to meet the country's unique consumption habits, which is helping it avoid impacts from the US-initiated global trade war.
Source: Global Times | 2018/12/10 18:28:39

Can Chinese players retain a slice of the rising Indian food delivery market?

Chinese tech giants like Alibaba have been pumping capital into the booming food delivery industry in India in the past two years, with the ambition of replicating their domestic success. However, it may not be enough in the competitive Indian market, as Western rivals try to challenge them, alongside pushback from local restaurants.
Source: Global Times | 2018/12/9 17:06:53

Chinese drum producer makes beats around the world

The struggles of a musical instrument maker in Tianjin to gain recognition for his products on the global stage illustrate China's journey during the past four decades of reform and opening-up. Now, private enterprises are an essential engine of prosperity and economic transformation across the nation.
Source: Xinhua | 2018/12/5 18:28:41

Earn after reading

Whereas previously, people had to pay to access online news content on many sites, now some news providers in China have turned the model on its head. Not only are they not paying, users can even earn as they consume. With its unusual pay-your-user strategy, the Tencent-backed Qutoutiao Inc has drawn in 20 million daily readers, but the strategy doesn't come cheap and the stories are driven by celebrity gossip.
Source: Reuters | 2018/12/4 17:28:39

One man's dream of a delivery station on the Pamir Plateau lives

E-commerce has become an indispensable part of the lives of the majority of Chinese people. For people living in Taxkorgan, China's westernmost county on the Pamir Plateau, whose living standards have long been impeded by its challenging geography, diverse and reasonably priced commodities are now just a click away.
Source: Xinhua | 2018/12/3 20:18:39

Overseas sports brands enjoy golden age in China

Overseas sports brands are enjoying a golden age in China with the country's rapidly burgeoning sports sector fueling their business.
Source: Global Times | 2018/12/2 21:33:40

War on waste solidifies

A global crackdown operation on solid waste smuggling shows that China is playing a leading role in international joint operations. Officials from the UN and the World Customs Organization (WCO) are calling on developed countries to work with developing countries more closely and adopt better policies and technologies to solve the world's recycling woes.
Source: Global Times | 2018/11/27 17:48:40

Female pilots struggle with stereotypes

When Han Siyuan first applied for a job as a pilot cadet in 2008, she was up against 400 female classmates in China on tests measuring everything from their command of English to the length of their legs.
Source: Reuters-Global Times | 2018/11/15 19:13:40