BUSINESS >> Insight

City of London gets closer to China

The City of London Corporation (CLC) has announced that it will launch the "Asia Next Decade" campaign on January 25 to mark the 10th anniversary of its business operation in China and to help establish priorities in Asia for the coming decade, according to sources based in the City of London, the capital's central business hub.
Source: Global Times | 2018/1/14 18:18:39

Asset-backed securities market to slow

A boom in asset-backed securities issued by micro-lenders aiming to expand in China's fast-growing online credit market looks set to slow this year amid growing regulatory scrutiny.
Source: Reuters | 2018/1/8 17:28:39

Chinese telecom firms bring innovation to global submarine cable industry

Driven by the rapid development of telecommunications and the demand for high-speed internet, China's submarine cable network has maintained a strong growth momentum over recent years. And the network has even further room to grow as the global undersea cable market is projected to reach a value of $5.14 billion by 2021, according to global market consultancy firm Technavio. However, although Chinese companies have increased their presence on the global stage, obstacles remain.
Source: Global Times | 2018/1/7 17:33:39

China searches for solution after being hit by natural gas shortage

A natural gas supply shortage has hit China. While some industry insiders attribute the shortage to a government push that is accelerating a shift away from coal in households as well as factories, which in turn has driven up gas demand, others are blaming it on an unexpected dramatic cut in gas imports from Central Asian countries. But when it comes to China, experts have pointed out that a more important lesson should be learned this winter - to diversify gas import sources and build more gas storage houses so that national hunger for the substance does not happen again through 2018.
Source: Global Times | 2018/1/3 17:08:39

China's gateway to AI dominance at CES 2018

CES 2018, the world's largest tech trade show, will kick off in Las Vegas on Tuesday (US time). Artificial intelligence (AI), Internet of Things (IoT), virtual reality (VR) and smart devices are listed as long-awaited products to be showcased at this year's event. 2017 was the year of AI development, especially regarding the emergence of Chinese tech companies that had made major breakthroughs in the application of AI technologies. Some of those firms will debut at this year's CES, which is seen as the gateway for tech companies seeking expansion in new markets.
Source: Global Times | 2018/1/2 18:28:39

China roads ready to go green?

There was no immediate rush after the Ministry of Finance announced last week that it would extend a tax rebate on purchases of new-energy vehicles (NEVs) until the end of 2020.
Source: Global Times | 2018/1/1 18:03:39

Foreign manufacturers begin expanding into Chinese market to seize opportunities

Amid fierce competition among automotive battery manufacturers to win larger market shares, Toyota Motor Corp announced a partnership agreement with Panasonic Corp on Wednesday to begin studying the feasibility of a joint automotive prismatic battery business.
Source: Global Times | 2017/12/18 18:43:40

Europe's airports in consolidation conundrum

A wave of consolidation among European airlines is putting pressure on the region's airports as it is giving carriers more negotiating power over their hubs, said the head of airports association ACI Europe.
Source: Reuters-Global Times | 2017/12/14 17:33:41

China's quest for deep-sea oil

Ten years ago, China was lagging behind other countries in terms of developing technologies and equipment for the purposes of exploring and extracting oil in the deep ocean, but now, it is a leader in the field.
Source: Global Times | 2017/12/13 17:53:40

Nansha to further open up

About an hour's drive from Guangzhou, capital of South China's Guangdong Province, the Nansha area sits on the west bank of the Pearl River, which is rising as a new gateway to the sea for the province.
Source: Global Times | 2017/12/12 19:58:39

Online luxury brands hot in China while more youth shop domestically

Luxury brand sales on e-commerce platforms in China witnessed more growth compared with that of physical stores last year. Meanwhile, a new generation of shoppers is returning to the domestic market to purchase high-end goods, experts said.
Source: Global Times | 2017/12/11 19:03:40

Automation didn't start in California, it started in the aerospace industry

Uber's self-driving car. A lot of people are talking about it, but if you think about it, that technology started right here in the aerospace industry.
Source: Global Times | 2017/12/7 20:03:39

Evolution creating more jobs, strengthening purchasing power and paving way for future of integration

China's digital economy has been developing at a rapid pace in recent years, with experts noting that this has not only boosted job prospects and consumption, but has also acted as a stimulus for many real economy industries. Those experts also predict that Chinese society will continue becoming more intelligent in the future.
Source: Global Times | 2017/12/6 18:48:39

WeChat begins requesting service fee for use of 'Card Repay' feature in Wallet

Tencent Holdings on Friday began charging users who pay their credit card bills via the "Card Repay" service within WeChat Wallet, a move that experts say sends a signal that free-of-charge services within the mobile payment sector are soon likely to come to an end. Cost pressure is the major reason for WeChat's new service fee request. However, it seems that the requirement will not significantly affect users. With the fast growth of the domestic mobile payment sector, China's online payment platforms will continue strengthening their efforts to offer top quality services and seeking expansion within the global market in the future.
Source: Global Times | 2017/12/5 19:33:39

Domestic confectionery market to recover as more consumers demand premium, niche chocolate brands

On a per capita basis, the level of chocolate consumption in China still has plenty of room to grow in comparison to the global level, although the domestic chocolate industry has in fact witnessed a big boost in sales recently. With more top international chocolate makers tapping into the Chinese market, their growth engines rely heavily on the high-end and super high-end segments, where sales have soared as a result of the rapid overall consumption upgrade in China. Experts are also pointing their fingers at handmade and niche chocolate as the future craze in the Chinese confectionery market.
Source: Global Times | 2017/12/4 17:48:39

Chinese make-up brands catch up with South Korean rivals

While a diplomatic spat between China and South Korea raged this year, many South Koreans as a result felt less welcome in their neighboring country; South Korean businesses were somehow shunned, K-pop concerts were canceled and tourist trade dried up.
Source: Reuters-Global Times | 2017/12/3 19:28:39

In a traffic-ridden world, vehicle and aviation firms rush to bring futuristic technology to city skies

For metropolises that are infested with traffic jams, the emerging development of flying cars - vehicles that can drive on roads and fly in skies - provides a possible mobility solution.
Source: Global Times | 2017/11/30 18:23:40

Authorities take measures to fend off risks in the online lending sector

The online cash loan industry is growing rapidly in China, boosted by the country's expanding consumption power. But problems have also arisen, as small lenders that do not hold licenses have rushed in and offered loans to borrowers without pre-selecting, driving up financial risks. As such, authorities have been drafting rules to fend off such issues, and a nationwide crackdown has already started, firstly by suspending new license issuances. Analysts predict that the new regulation could also focus on setting up a unified standard for issuing licenses, reducing the industry's high leverage ratio and limiting maximum annual interest rates.
Source: Global Times | 2017/11/29 18:03:39