BUSINESS >> Insight

A Nordic Nightmare

Is Finland a good place for investment? For Chinese businessman Wang Jiazhu, the answer to that question cost him 6 million euros ($6.96 million), or all his investment in Finland. His investment project, the China Center, based in Kouvola, Finland, was shut down after a massive raid by Finnish police in 2009 on search of illegal immigrants. The Global Times recently spoke with Wang, his lawyer and witnesses involved in the case to search for updates, to figure out the full details of the case and to gauge whether there is a future for Chinese investment in Finland.
Source: Global Times | 2017/10/30 18:03:39

Double 11's global presence

November 11, or dubbed as “Double 11,” China's largest shopping festival, is just two weeks away, and both Chinese and foreign merchants on Chinese e-commerce platforms such as and Alibaba are now busy preparing for it. For them, however, it is not only a shopping event, but also an opportunity to expand the Chinese e-commerce ecosystem to the overseas market. While global awareness of the Double 11 festival has been rising in recent years, merchants face challenges in serving more people around the world.
Source: Global Times | 2017/10/29 17:23:39

Rise of the second-tier city

In less than a week, Hainan Airlines, China's fourth largest carrier in terms of fleet size, is due to officially launch two international flights to North America, the latest example of its efforts to expand operations from second-tier cities to the continent.
Source: Global Times | 2017/10/26 18:08:39

Cash loan controversy

Chinese people are becoming more and more willing to spend. But if they don't have money, they borrow. This ever-growing phenomenon has recently thrown cash loans, also known as fast loans, right under the public spotlight.
Source: Global Times | 2017/10/25 20:13:39

China benefits from culture sector reform

China's culture industry has been developing rapidly over the last five years, especially due to its integration efforts with other sectors, enabling it to become a key mechanism in driving the country's economic growth, experts said.
Source: Global Times | 2017/10/24 17:18:39

New age of recycling

After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste - piles of exhausted batteries from the surge of electric vehicles hitting China's roads.
Source: Reuters-Global Times | 2017/10/23 17:53:40

The port integration period

China has been steadily promoting port integration over recent years by bringing the country's main ports into the arms of one provincial-level platform as a way to demonstrate the effectiveness of combining port resources.
Source: Global Times | 2017/10/22 18:58:40

China's aviation milestone

When reviewing China's achievements over the past five years during the opening session of the 19th National Congress of the Communist Party of China (CPC) on Wednesday, Xi Jinping, general secretary of the CPC Central Committee, pointed out that a nationwide innovation-driven strategy has allowed the country to witness a series of scientific and technological breakthroughs.
Source: Global Times | 2017/10/19 17:23:39

International talent magnet

More and more international talents are coming to China to find opportunities in the finance industry or to start their own businesses. The Global Times asked several expatriates working in the finance and business field why they think China is such a promising country for professionals like them. Particularly, they cited that China holds an open attitude to foreigners, has strong capital market growth and boasts convenient financial services. Meanwhile, domestic cities are aiming to develop financial sectors to attract even more talents from abroad.
Source: Global Times | 2017/10/18 17:33:39

Gas truck boom

On a recent morning in Yutian, a dusty town in Tangshan city, North China's Hebei Province, bisected by the highway that connects Beijing to the sea, Su Meiquan strolled into a dealership packed with hulking trucks and prepared to drive off with a brand new rig.
Source: Reuters-Global Times | 2017/10/17 17:08:39

Sleepy cities awake

Investors are rushing to a sleepy city on the southern coast of China thanks to a government policy that has seen tens of billions of dollars earmarked to produce a regional economy that would rival the biggest in the world.
Source: Reuters-Global Times | 2017/10/16 17:53:39

E-commerce alleviates poverty

Northwest China's Gansu Province is one of the least developed areas in China. Longnan, located in the southern part of the province, is a typical mountainous area that has been stuck in poverty due to its geographical isolation. Many remote villages there have little connection with the outside world and local residents have been struggling to make their ends meet. A Global Times reporter recently traveled to the area to gauge how China's national poverty alleviation campaign has changed their lives over the past five years.
Source: Global Times | 2017/10/15 17:38:39

After building new bases in Beijing, China Southern, China Eastern plan further expansion, posing competition for rival Air China

China's three biggest airlines – Air China, China Eastern Airlines and China Southern Airlines – have long dominated air traffic in their regional headquarters of Beijing, Shanghai, and Guangzhou, capital of South China's Guangdong Province.
Source: Global Times | 2017/10/12 17:23:40

Formula milk frets

Although Chinese infant formula milk powder brands have witnessed a steady recovery in sales in recent years due to the food authority ramping up efforts to regulate the production and sales of the product, domestic brands' growth rates are still lagging behind those of their foreign counterparts. Some Chinese consumers still do not trust the quality of domestic brands, and their comparatively steeper prices due to high logistics costs are another disadvantage. As such, experts have advised that Chinese dairy enterprises must further optimize their milk sources and enhance their brand awareness in order to woo consumers.
Source: Global Times | 2017/10/11 17:08:39

The delay game

The China-Thailand railway project, well known for its repeated timetable delays, has yet again experienced another hiccup. But this time around, experts are saying that the reasons for the setback stem from economic and political factors rather than technical ones. They also warn that given the project's sluggish track record, there might be even more unexpected interruptions down the road, especially due to differing efforts from both sides.
Source: Global Times | 2017/10/10 16:53:39

Snacks on tap

In the wake of the sharing economy's birth, which saw Chinese companies pumping money into shared bikes, shared umbrellas, shared mobile phone chargers and shared mini-gyms, the country's various venture capitals and private equity funds are now edging toward a new round of investment opportunities - unmanned shelves.
Source: Global Times | 2017/10/9 18:23:39

World Solar Challenge still 'pushing the boundaries' in solar car industry

This weekend might mark the 30th anniversary since the first running of the world's foremost solar car competition, the World Solar Challenge, but event organizers have made sure they are "still pushing boundaries" to ensure a future involving sustainable solar-powered vehicles remains a possibility.
Source: Xinhua-Global Times | 2017/10/9 9:53:39

Long-distance run phenomenon boosts sports industry, local tourism in China's cities

In recent years, tides of Chinese cities have been competitively hosting marathons, which have not only contributed economically to local tourism and hotel industries, but have also given birth to a whole new industry chain.
Source: Global Times | 2017/10/9 9:53:39