BUSINESS >> Insight

A robotic future

The “Made in China 2025” strategy unveiled two years ago by the State Council, China’s cabinet, is urging domestic manufacturers to upgrade. One crucial part of the strategy is accelerating the automation and deployment of industrial robots. Meanwhile, the continued proliferation of the Internet and smartphone is also boosting the development of service robots. As more and more Chinese factories install industrial robots and tech startups rush into developing diversified service robots, China is now becoming a huge robotics market. Global Times recently traveled to several robot companies in Shanghai and discovered hot trends in the sector as well as its remaining challenges.
Source: Global Times | 2017/7/23 17:08:39

Four giants’ traffic booms in H1

The air passenger traffic of major Chinese airlines achieved a robust growth amid the strong demand for travel in the first half of 2017.
Source: Global Times | 2017/7/20 17:38:39

Betting on cashier-less retail

As a result of the advancement in artificial intelligence technology, many companies are pursuing business ventures in cashier-less stores, which feature self-service checkout systems. Despite one optimistic store operator expressing confidence in the emerging business model, experts question its ability to drive profit.
Source: Global Times | 2017/7/19 18:13:39

Govt financial meeting triggers stock overreaction

China’s stock market and yuan reacted differently to the conclusion of a two-day financial meeting over the weekend. Experts asserted that the meeting will benefit the market in the long run and that any short-term fluctuations should not cause concern. They also noted that the chance of a sharp depreciation of the yuan is slim, while the internationalization of the Chinese currency will be pushed forward in a stable pace.
Source: Global Times | 2017/7/18 17:28:39

The ‘New Retail’ Revolution

The concept of “New Retail,” which was created by Jack Ma Yun, Alibaba Group Holding’s founder and chairman, in late October, is gaining momentum in the domestic markets. Hema Xiansheng, Alibaba’s newly founded online-to-offline platform, is putting the novel retail business model into practice, an effort experts say is changing China’s traditional retail sector. Despite its large growth potential, the new retail sector still faces many challenges and uncertainties.
Source: Global Times | 2017/7/17 18:13:39

Urbanization of the firefly

The public’s interest in fireflies, a type of insect also known as the ‘lightning bug’ with embedded cultural meaning in China, has been rising recently. This interest trend has fueled a profitable firefly entertainment business both online and offline, but, as a consequence, large amounts of the insect family have been dying off. Experts say that enthusiasts’ innocent intention to merely enjoy the beauty of the peculiar insect should not be blamed. However, the highly lucrative commercial chain is in urgent need of regulation in order to prevent the endangerment and subsequent extinction of the firefly species.
Source: Global Times | 2017/7/16 17:38:39

MAX 10 set to reach new heights

During the June 19-25 Paris Air Show, Boeing unveiled the Boeing 737 MAX 10, the latest addition to the Boeing 737 family.
Source: Global Times | 2017/7/13 19:23:39

SOEs use capital market for reform

An increasing number of State-owned enterprises (SOEs) are optimizing their assets through mergers. It seems that the capital market has served as a platform for these enterprises to carry out reform. Mergers are considered a good choice, however, some experts say that SOEs still need to reform their internal system and mechanisms to stimulate enterprise vitality. They forecast that the implementation of reform plans will accelerate in the third quarter as a way to welcome the upcoming 19th Communist Party of China National Congress.
Source: Global Times | 2017/7/12 18:33:40

Mini-KTV: A No.1 Hit

Telephone box-like mini-KTV booths have been appearing in shopping malls across the country in recent years. With the increasing popularity of the new entertainment-sharing service, it has also become attractive to capital markets. Analysts say that the short period of time to get returns as well as relatively lower risks are reasons why mini-KTV is favored by investors. Although its growth is driven by the context of the sharing economy, some challenges still remain, including whether business operators can master big data technology to understand the markets.
Source: Global Times | 2017/7/11 19:33:40

A-share companies in restructure failure

More companies listed in the A-share market have failed to launch restructuring plans recently after the top securities regulator initiated tighter regulations to curb speculations. Experts noted that the phenomenon is conducive to revaluing the listed companies which are overvalued in the A-share market. Greater risks will remind investors to be cautious when investing in deals involving backdoor listings, experts said.
Source: Global Times | 2017/7/10 18:43:39

Beefing up China’s market

Starting from June 20, US beef is now permitted for exportation to China after the country’s quality watchdog lifted a 14-year ban which was spawned by scare over mad cow disease. Over the past few days, imported US beef started being sold at major supermarkets and e-commerce platforms such as Sam’s Club, Fruit Day and Tmall. Since US beef reentered the Chinese market almost two weeks ago, the Global Times has been speaking with several selling platforms, domestic suppliers and experts to find out the sales performance of imported beef and its influence on the domestic market.
Source: Global Times | 2017/7/9 17:18:39

Battle of the giants

China Eastern Airlines, one of China’s top three airlines, was originally displeased about being moved to Beijing’s soon-to-be-opened new international airport from Beijing Capital International Airport (BCIA), but now, it has had a change of thought.
Source: Global Times | 2017/7/6 18:13:39

Provinces, FTZs follow central govt in further opening up to foreign investors

Since China’s central government issued guidelines on further opening up the domestic market and expanding the use of foreign capital, a slew of provincial governments have followed suit by introducing new policies to extend market openness on the local level. However, challenges still remain for increasing foreign capital in China, especially given the declining competitiveness in labor costs and other areas.
Source: Global Times | 2017/7/5 18:03:39

Facekini fever

The facekini, an emerging favorite among Chinese beachgoers and hot topic in social networking circles, has once again attracted the public’s attention after the release of the latest generation which debuted on June 28 in Qingdao. Driven by high demand, its famous, unique appearance and practical function of sunray protection, the facekini has become a robustly growing niche segment within the overall swimwear market as China’s consumption upgrades unleash more business potential for ambitious entrepreneurs.
Source: Global Times | 2017/7/4 18:38:40

Chinese mobiles flourish in Africa

Few Chinese have heard of Transsion Holdings, a Shenzhen-based company, which has grabbed more than 40 percent market share in Sub-Saharan African countries. In 2016, it outperformed its main competitors like Samsung in terms of feature phone shipments in the African market. Transsion’s success there might inspire more domestic competitors to follow suit. But experts also warn that such mobile phone makers need to prepare to face certain challenges when doing business in Africa, such as widespread political instability and low consumption.
Source: Global Times | 2017/7/2 16:43:39

Finnair and domestic airlines wow Chinese travelers in new market venture

When mentioning Finland, most of us would associate it with the Northern Lights – also known as Aurora Borealis – the Santa Claus Village in Lapland, or the Arctic Circle.
Source: Global Times | 2017/6/29 17:38:39

Till stocks do us part

A recent divorce between Yan Jianbing, a board member of the Shenzhen-listed Shenzhen Ysstech Info-Tech Co, and his wife has resulted in a plunge in the company’s share prices. Many people have since become suspicious about the real intention behind the divorce. Yan’s divorce is a typical example of how the divorces of major shareholders from domestic listed companies are affecting the stock markets: Property split is changing the company’s ownership structure, bad reputation is causing the company’s shares to plunge in price and speculation is soaring over whether the divorcees are genuine or whether they are deceitfully separating in order to facilitate stock selling.
Source: Global Times | 2017/6/28 17:23:39

Less meat, more vegetables

China’s frozen dumpling makers are finding a quick route to winning new sales – increase the vegetable content and cut down on the meat.
Source: Reuters-Global Times | 2017/6/27 16:18:39