BUSINESS >> Insight

Carrying Chinese goods through airports still popular with African businesspeople

It was 5 pm, and Saada Masood Ally Seif, a Tanzanian passenger in her 20s, was waiting in the departure hall of Guangzhou Baiyun International Airport, though her flight would not take off for another seven hours.
Source: Xinhua-Global Times | 2018/9/2 17:18:41

Future of flight seen through a microscope

The dream of flight has evolved from wood and metal to modern composite aircraft. Now, Airbus and Chinese scientists are aiming to revolutionize aviation with super-tiny nano-materials.
Source: Xinhua | 2018/8/30 18:48:40

Didi under fire after second murder in 3 months

Recent incidents in the ride-hailing sector have aroused widespread online debate in China. The Global Times spoke with a group of Didi Hitch drivers and employees concerning the safety issues of this growing internet giant, the most valuable unicorn backed by Alibaba and Apple. Some observers have suggested that Didi should have done more to improve its services, carry out tighter driver background checks and enhance emergency measures. However, the public is divided on who – authorities or the company – is responsible for the recent murders and rapes of female passengers. Some experts have also questioned current regulations and industry policies.
Source: Global Times | 2018/8/29 18:43:40

China enters '5G sprint period' , goes all out to become world network powerhouse

With international standards for 5G now in place, countries like China that aspire to lead in the technology have been entering a “sprint period” and are heading toward the commercial launch of the upgraded wireless network. As 5G is expected to release huge business opportunities once it's applied in various sectors, key Chinese players in turn are going all out in order to prepare for mass adoption.
Source: Global Times | 2018/8/28 17:33:39

China's AI industry needs more fundamental research in real economy

As China rapidly builds momentum in becoming a global innovation center for artificial intelligence (AI), the country's integral players who focus on advanced technology should “search deeper into fundamental research and applications in the real economy,” industry experts told the Global Times during an inaugural technology forum held from Thursday to Saturday.
Source: Global Times | 2018/8/27 17:33:40

The plight of Chinese furniture firms

With China's furniture industry falling into uncharted waters every day, the recent news that the sector's two star companies have filed for bankruptcy has brought it to its knees. Based in East China's Fujian Province, haolaiwuchugui.com (Haolaiwu) and Chengfeng Furniture Co were experiencing a phase of liquidation bankruptcy as of August 21, according to a report released by pedaily.cn, a portal for investment news.
Source: Global Times | 2018/8/26 17:08:39

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