BUSINESS >> Insight

China set to further open up its cancer drug market

As cancer is taking more lives in China each year, the Chinese government is beefing up its efforts to bring more effective and safe new drugs with a slew of measures to further open up the market, in a bid to meet patients' increasing needs. As the West leads with more advanced drug treatment options, experts call on essential investment in the fundamental research and innovation of new drugs in China.
Source: Global Times | 2018/10/24 19:58:41

Japanese duty-free shops eager to transform amid declining Chinese customers

At the central avenue of Ginza district, Tokyo, foreign tourists with hands full of shopping bags can be seen everywhere, forming a unique landscape in the area packed up with trendy malls. Among these malls, the main store of Laox, the largest duty-free store in Japan, was once the most eye-catching. During peak times, the popular Japanese rice cookers stacked in the store could be snatched up by Chinese tourists in just a few minutes.
Source: Global Times | 2018/10/16 18:18:39

Huawei's AI ambition to reshape industries

During Huawei Connect 2018, an annual conference held by Chinese tech company Huawei Technologies in Shanghai from Wednesday to Friday, the firm unveiled for the first time its artificial intelligence (AI) strategy and confirmed that it has been working on AI technologies lately. Analysts and industry representatives were surprised to find out that the tech giant, which used to be hardware-centered, has now taken AI seriously by investing heavily in AI fundmental research and applications.
Source: Global Times | 2018/10/15 19:33:39

Utah State delegation seeks bonds with China despite trade disputes on federal level

US state-level governments and US' private sector have strong will of continuing to do business with China amid the China-US trade war, officials and business representatives told the Global Times in recent interviews, and they also urged the Trump administration and the Congress to improve economic ties with China instead of escalating tariffs.
Source: Global Times | 2018/10/14 19:23:39

Shared-bike providers face dilemma as glory days come to end

After Chinese bike-sharing platform Mobike was sold for $2.7 billion to domestic on-demand online services provider Meituan Dianping, the valuation of another bike-sharing company called ofo was lowered from $4 billion to $2.5 billion.
Source: Global Times | 2018/10/10 17:43:40

China set to become advanced manufacturing power

As China beefs up efforts to transform and upgrade its manufacturing industry toward a digitized and intelligence-based model, an open and cooperative business environment is essential, said experts and executives.
Source: Global Times | 2018/10/9 19:58:40

Nation's high-tech market to draw spotlight at Shanghai import expo

High-tech products and technology are set to draw the spotlight at China's upcoming import expo, the first of its kind in the country.
Source: Xinhua | 2018/10/9 19:58:40

BRI, EU's new strategy equals cooperation, not competition

Coinciding with the 5th anniversary of the China-proposed Belt and Road Initiative (BRI), the European Union (EU) recently adopted a document outlining the bloc's vision for a new and comprehensive strategy to better connect Europe and Asia.
Source: Xinhua | 2018/10/8 16:58:40

Xinjiang's outlook on Silk Road brings in industries, opportunities

After two hours of hectic work in the morning, Guzalnur Samat adeptly switches off the machine by the assembly line and quickly walks into the Moslem canteen.
Source: Xinhua-Global Times | 2018/9/18 16:23:39

Capital-rich Chinese investors march into India's blooming food takeout market

Chinese tourism website is reportedly considering investing in Zomato, an India-based food delivery company, joining other big online Chinese names like Meituan Dianping and Alibaba, which have already invested in Indian food delivery companies. Experts say that as the trend of eating out rises in India, food delivery companies are grabbing market shares through unchecked money spending, which means they need capital from overseas investors. Chinese companies are being welcomed not only for their money but also for their success at home.
Source: Global Times | 2018/9/17 16:58:40

Chinese netizens furious as homegrown drone companies sue each other in US

News of so-called American company Autel Robotics attempting to block DJI, the world's leading drone manufacturer, from the overseas market, seemed to be at first another escalation of the China-US trade tensions.
Source: Global Times | 2018/9/16 17:23:39

Despite more women joining fighting club in China, experts caution poor standards, high costs may hinder industry expansion

Cui He, a 26-year-old white-collar worker based in Shanghai, has been curbing her desire for new clothes and bags to save money for twice-weekly fighting classes instead.
Source: Global Times | 2018/9/13 18:28:40

China's aircraft leasing sector to go from 'quantity' to 'quality' in future: expert

China's aircraft leasing industry, after a decade of explosive growth, is now reaching a turning point, as the nation is on its way toward deleveraging and as financing channels are gradually reducing, which has ramped up massive pressure on domestically owned aircraft leasing companies, industry observers said.
Source: Global Times | 2018/9/12 18:13:40

Private firms catching up with State counterparts in realizing China's civil-military agenda: experts

Civil-military integration (CMI) has been a national strategy and a priority within China's leadership agenda since 2012. In February, the Chinese government launched a campaign to review and update regulations related to CMI. Global Times reporter Ma Jun recently attended a CMI forum in Mianyang, Southwest China's Sichuan Province, where industry observers shared their insights on the topic and suggestions on how private companies could better compete with their State-owned counterparts.
Source: Global Times | 2018/9/11 16:58:39

Tire town in China suffering economic hardship amid escalating environmental regulations, financial crackdowns

Tougher environmental regulations and tightened financial policies have left Dawang town, dubbed a cradle to China's tire industry, in shambles. An industry-wide consolidation is taking place in China, leaving only the most competitive tire companies, as described in a report released by domestic news portal on September 3. Some tire makers are hedging the domestic risks with production bases overseas.
Source: Global Times | 2018/9/10 17:58:39

China's influence and voice are becoming more important to global tourism development

With China playing an increasing positive role in global tourism, its influence and voice are in turn becoming more and more important in the development of the sector. This year's Fragrant Hills Tourism Summit, which was held in Qingdao from Friday to Saturday, provided a stage for global tourist cities to share their experiences on sustainable tourism management and to help promote economic development. Experts discussed topics during the summit including China's investment trend in the sector and opportunities and challenges faced by the globalization of tourism.
Source: Global Times | 2018/9/9 18:08:40

China's slowing SUV sector doesn't deter foreign car firms

Despite a slowdown in China's sport utility vehicle (SUV) market, foreign automakers are still gearing up to vie for a slice of the pie, with early starters rushing to roll out brand-new models to attract young consumers and latecomers building factories to bolster their presence in the market.
Source: Global Times | 2018/9/6 18:44:39

Chinese attendants of USTR hearing say destroying a mutually beneficial economic relationship is good for no one

Despite their small amounts, Chinese attendants of August's weeklong USTR hearing in Washington DC were able to articulate their doubts and oppose proposed tariffs on $200 billion worth of Chinese goods. Three Chinese attendants of the hearing provided a detailed account of the event in an exclusive interview with the Global Times, amid fears the US could nevertheless impose the tariffs by the end of the week.
Source: Global Times | 2018/9/6 17:43:40