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Women's growing purchasing power gives life to untapped domestic 'otome' market

How far away are you from being a princess and developing romantic relationships with a legion of rich, attractive and considerate male characters?
Source: Global Times | 2018/1/22 17:08:40

China's ever-maturing auto business continues to drive national car culture

Every now and then, Li Shuang stands by the window of her office and looks out over the incessant stream of traffic on the Third Ring Road of Beijing.
Source: Xinhua | 2018/1/21 17:23:39

McDonald's sets recycling goals for its packaging to aid customer requests

McDonald's Corp said Tuesday it is responding to its customers' top request by setting goals for switching to environmentally friendly packaging materials and offering recycling stations in all of its restaurants.
Source: Reuters-Global Times | 2018/1/17 16:13:40

China a top destination for increasing number of Vietnamese traveling abroad for Tet holiday

A middle-aged Vietnamese woman gazes at pop-ups on her laptop advertising outbound tours during Tet, Vietnam's New Year festival, which falls in mid-February following the lunar calendar like Chinese Lunar New Year.
Source: Xinhua - Global Times | 2018/1/17 16:13:39

Japan's fish catch quota not fair: experts

Fluctuations in Pacific saury catches throughout the year are a normal phenomenon, so it is unfair and ridiculous for Japan to blame its poor catch on China, experts say.
Source: Global Times | 2018/1/16 17:23:40

China's COFCO makes painful cuts in drive to lead global food trade

China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.
Source: Reuters-Global Times | 2018/1/15 18:03:40

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