BUSINESS >> Insight

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

Lack of R&D, poor quality management undermine China's huge vaccine industry

As a rabies vaccine scare rocked China, experts said weak innovation has undermined its vaccine industry, even as the growth potential for the sector is huge.
Source: Global Times | 2018/8/6 18:53:40

AI schooling blossoms in China amid talent shortages

All of a sudden, schools and institutions dedicated to artificial intelligence (AI) teaching and research have blossomed in China, as the country strives to become a global incubator for AI talent by 2030. Official data shows that more than 70 Chinese universities and colleges had introduced AI-related majors as of December 2017, and that has helped to quickly bring the advanced technology into reality. However, education experts and insiders are now concerned that the rush will likely generate too much industry hype.
Source: Global Times | 2018/8/5 17:33:39

Winter Olympic Games sparks Chinese farmers' skiing dream

In a sweltering hot room of a sports school in Beijing's northern suburb, Lang Enge and his peers diligently practice their skiing on a fast-moving ski machine.
Source: Xinhua-Global Times | 2018/8/1 17:48:39

UAE energy venture changes perception of Chinese firms

With two major energy projects in Dubai functioning as a narrative to the comprehensive capability of Chinese businesses beyond purely getting the job done in a quick and cost-effective manner, there's a growing belief that Chinese companies venturing into overseas markets would become hotly pursued as quality growth enablers, epitomizing the Chinese economy's shift toward a more balanced growth.
Source: Global Times | 2018/7/31 18:33:40

Hainan housing curb sparks investor flight

A cooling down of Hainan's real estate sector since April 22 when strict regulations were rolled out has shifted purchase demand and sent property firms to the island's surrounding areas including Southwest China's Yunnan Province and South China's Guangxi Zhuang Autonomous Region as well as some Southeast Asian countries such as Thailand and Cambodia. As the property craze subsides, Hainan island, which is designated as a free trade port, needs to expand its energy import and infrastructure development to position itself as a transit consumption center for foreign tourists, according to industry analysts.
Source: Global Times | 2018/7/30 17:53:39

Europe awaits largest Chinese tourism season

The stars are aligning for a bumper year of Chinese tourism in Europe thanks to a growing taste for culture over shopping and fears of a cold reception in Donald Trump's America.
Source: Reuters | 2018/7/29 16:38:39

Pakistani-American entrepreneur hopeful about China's aviation market

Upon entering the office of Aventure, an aviation parts supplier based in Peachtree City, in the southern US state of Georgia, people are immediately attracted to the aircraft models of different types displayed in the center of the reception hall.
Source: Agencies-Global Times | 2018/7/26 17:23:40

China-owned Syngenta plots growth in challenging home market

A year on from Syngenta's $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market.
Source: Reuters-Global Times | 2018/7/25 17:13:39

Magna-BAIC deal raises prospects for an 'automotive Foxconn' for EVs in China

In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.
Source: Reuters-Global Times | 2018/7/24 17:43:39

Pig farmers in China reduce soybean pulp consumption amid trade dispute

Pig farmers in Central China's Henan Province are reducing soybean pulp consumption in response to its rising prices amid the escalating trade conflict between China and the US.
Source: Xinhua-Global Times | 2018/7/23 17:48:39

Where does Japan's new minpaku law leave Chinese guesthouse investors?

In 2017, 7.35 million Chinese tourists traveled to Japan, with many of them choosing to stay at guesthouses to ensure an authentic experience, according to statistics released by the Japan National Tourism Organization. However, a new law to regulate minpaku (guesthouses) was officially enacted by Japanese authorities on June 15. And as a result, 80 percent of Japan's guesthouses have been delisted from Airbnb. The Global Times conducted interviews with several Chinese guesthouse hosts to discover the pros and cons of such a change in Japan's home-sharing industry, including potential business opportunities for the future.
Source: Global Times | 2018/7/22 17:38:39

Boeing lifts industry demand forecast as air show deals roll on

Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals during the ongoing Farnborough Airshow underscored the industry's resilience to rising global trade tensions.
Source: Reuters-Global Times | 2018/7/19 17:08:51

Bolstered by the ongoing nationwide economic reform, Wenzhou's manufacturing industry now seeks restructuring

Wenzhou's electric appliance sector had been developing rapidly in the wake of China's reform and opening-up policy, which stimulated massive market demand. But as time went by, the sector, like other manufacturing industries in Wenzhou, faced a crossroads, as traditional advantages like cheap labor dwindled and market overproduction weeded out small companies. Experts warn that some Wenzhou merchants don't have innovative mind-sets, which are the only way to preserve local manufacturing glory.
Source: Global Times | 2018/7/18 17:43:39

'World's pharmacy' reaches a crossroads as Indian generic drugs face rising competition, tougher regulation

India has long been known for its leading pharmaceutical industry, despite the country's relatively low overall development level. However, the industry has been promoted under a controversial policy that violates international drug patent rights, leaving it with an uncertain future, especially amid wider global criticism. Meanwhile, competition from neighboring countries and tightened regulation are also posing threats to the country's leading position in the generic drugs sector.
Source: Global Times | 2018/7/17 17:43:40

Wenzhou ex-fugitive shares business journey during China's 40-year economic reform

Merchants from Wenzhou, East China's Zhejiang Province are known for their talents in doing business. Many of them have grasped opportunities created by China's reform and opening-up policy to make ventures. The Global Times recently interviewed Hu Jinlin, a Wenzhou businessman nicknamed the “electric appliance king,” to talk about his business ups and downs during the 40 years of reform and opening-up.
Source: Global Times | 2018/7/16 18:08:40

Blockchain technology has potential to be applied in other sectors such as insurance: experts

Blockchain is now one of the hottest technologies in the world, including in China. Ongoing market mania over blockchain-oriented cryptocurrencies such as Bitcoin provides the evidence. But in addition to cryptocurrencies, where else in the financial industry can blockchain technology be applied by taking advantage of its decentralized nature and low-risk functions? And what are the difficulties in wider application in terms of its infrastructure technology and regulatory hurdles? The Global Times recently attended a comprehensive discussion on blockchain technology at the China Wealth Forum, where some industry insiders shared their points of view regarding such concerns.
Source: Global Times | 2018/7/15 17:23:40

Airbus faces A330 delivery delays amid HNA Group woes: sources

Airbus faces a logjam of undelivered A330 jets worth well over $1 billion for airlines affiliated to China's debt-laden HNA Group following a stand-off over late payments, according to industry sources and a Reuters examination of parked aircraft.
Source: Reuters-Global Times | 2018/7/12 16:53:40