BUSINESS >> Insight

CMQIP exemplar of B&R industrial cooperation

South China's Guangxi Zhuang Autonomous Region has been working with Singapore on the Southern Transport Corridor (STC) since the beginning of 2017. The project, which is also playing a complementary role in the China-proposed Belt and Road initiative, aims to tie up Guangxi's Beibu Gulf areas with Southeast Asia in both transport and industrial cooperation. Global Times reporter Chen Qingqing last week visited a major port and industrial park in the area to find out how the STC is influencing China-ASEAN economic ties. This is part two of a two-part story.
Source: Global Times | 2018/5/14 18:08:40

Guangxi to explore new freight services linking western China and ASEAN

South China's Guangxi Zhuang Autonomous Region has been working with Singapore on the Southern Transport Corridor (STC) since last year. The project, which is also playing a complementary role in the China-proposed Belt and Road initiative, aims to connect more western regions in the country with Southeast Asia through Guangxi's Beibu Gulf area. Global Times reporter Chen Qingqing recently visited a major port and an industrial park in the gulf region to find out how the STC is influencing China-ASEAN trade ties. This is part one of a two-part story.
Source: Global Times | 2018/5/13 17:38:39

Domestic firms still lag behind Western rivals, but boast advantages in AI technologies: industry experts

The US government's ban on Chinese telecom company ZTE Corp almost led the company into a state of “paralysis,” making China believe that the battle for chip independence had graduated to an emergency. Besides mounting efforts demonstrated by both the enterprises and the government to drive chip development, foreign technology transfers, as well as China's early layout in the AI industry, have become the true building blocks for the domestic chip-making industry.
Source: Global Times | 2018/5/9 18:18:40

Lackluster second-tier cities lure fresh graduates with benefits to help drive local economic development

Fueled by the demand to develop local, newly emerging economies and boost innovation, more and more Chinese second-tier cities are ramping up efforts to attract the country's freshest graduates by putting forward a series of preferential policies. The gesture is certainly a friendly one with the obvious aim to retain new talent, but it turns out that it is not the only reason to stay in such cities.
Source: Global Times | 2018/5/8 17:28:39

Farmer frets

American farmers have been bracing for a tariff race between the US and China ignited by the Trump administration – economic shots that would likely hurt America's traditional agricultural heartland.
Source: Xinhua-Global Times | 2018/5/7 17:13:39

Short video apps become new online moneymaker, but not without heavy criticism

Hundreds of millions of Chinese spend tons of hours watching short video clips on their mobile devices nowadays, with each of those viewers being worth at least 7 yuan ($1.10). Short video platforms now hope they can wage a war by snatching web traffic as well as ad revenues from other media sources. Experts say their success lies in viewer addiction, warning there are regulatory risks.
Source: Global Times | 2018/5/6 17:58:39

Rising demand pushes express companies to acquire more aviation assets

There is already an intense race among Chinese express companies on the streets of Beijing and other major cities in China, where couriers on motorized tricycles try to beat the traffic each day to quickly reach their drop-off locations.
Source: Global Times | 2018/5/3 17:38:39

'Small-town kids': Demographic changes in third- and fourth-tier cities drive China's consumption growth

The bright lights of Beijing or Shanghai have never held much allure for Wu Tongxu, a 24-year-old civil servant earning a modest salary in the nondescript city of Xinxiang in Central China's Henan Province.
Source: Reuters-Global Times | 2018/5/2 16:53:39

Banks feel bite of low IPO approval rate

The summer of 2018 is on the horizon, yet Beijing-based investment bank sponsor representative Wang Wei is feeling the chill after the IPO application he turned in and had worked on for the past couple of years was rejected by the Issuance Examination Committee (IEC) under the China Securities Regulatory Commission (CSRC) on Thursday.
Source: Global Times | 2018/5/1 18:03:39

Beijing Airlines takes on new business venture

Seven years after its establishment, a subsidiary company under Air China has once again come under the spotlight.
Source: Global Times | 2018/4/26 17:53:40

Hong Kong dollar defense succeeds

The Hong Kong dollar has bounced back after continuous slumps against the US dollar, a historical success for the Hong Kong Monetary Authority in taking efforts to buy in the currency after it depreciated to touch a psychological level in the present exchange rate system. Experts say that Hong Kong's foreign currency reserves are enough to deal with any future shorting consequences, but an interest rate hike, which is very possible, would nevertheless bring about worrying ramifications to local economic sectors like real estate and investment.
Source: Global Times | 2018/4/25 18:13:40

Despite tough regulations on short online videos, sector is expected to see growth with more positive content

Chinese authorities recently launched several crackdowns on short video platforms, urging them to perform thorough content reviews. The regulations show how authorities are determined to purify China's online environment and have so far been successful. Despite these measures, experts said that the sector still has sound growth potential and that the platforms are expected to improve in quality by screening out vulgar and inappropriate content while championing more positive material.
Source: Global Times | 2018/4/24 18:18:40

ZTE crisis teaches Chinese firms a lesson

Chinese telecom equipment provider ZTE Corp said on Sunday in a public filing that it is seeking a solution to its recent ban in the US, which has already put the company's business into a coma. The company said it has learned from its past experiences in export control compliance and will attach great importance to the work. A recent report from China's top watchdog of State-owned enterprises has also criticized ZTE for its “stupid and passive” moves on the matter, which could function as a big lesson for other Chinese firms operating internationally.
Source: Global Times | 2018/4/23 18:08:40

Local housing markets heat up as side effect of talent policies in Chinese cities

In recent months, local Chinese governments have been engaged in a race to attract talent, with first-tier and smaller cities all launching measures to help skilled people get local hukou, which means permanent residence in English. As a result, the real estate markets in certain cities with those policies, especially second-tier cities, have to a certain extent been heating up. But experts caution that hukou alone will not be enough to attract talented people unless industrial and employment conditions improve as well.
Source: Global Times | 2018/4/22 17:43:40

Indian jet fuel demand to soar

An Indian push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country's demand for jet fuel to record highs this year.
Source: Reuters | 2018/4/19 17:33:40

Government's tariff exemption policy on imported cancer medicine to improve national health

The Chinese government has vowed to exempt tariffs on imported cancer drugs from May 1 and has encouraged healthcare companies to introduce more innovative cancer drugs to the market, major steps in improving national health. Accessing cancer treatment has been met with huge barriers for Chinese families for years due to a history of expensive drug prices. But the recently unveiled tariff policy may provide new hope for those patients who are struggling to fight this awful disease.
Source: Global Times | 2018/4/18 17:18:40

China takes wheel in autonomous driving

As part of the “Made in China 2025” strategy, which aims to transform China into a manufacturing superpower, the intelligent and connected-vehicle sector, or autonomous driving sector, is attracting both policy support and capital favors across the country. A thriving mix of players has boosted the sector's prospects in the domestic market, the world's largest vehicle market. However, the technology is still developing in its early phase, with experts cautioning that some barriers still exist on the road ahead and that it is vital for key players to make bold moves now.
Source: Global Times | 2018/4/17 18:43:39

Inland importers favor coastal regions as procedures in western China have proved less efficient

As China continues to open up its market, many inland provinces have been building State-level ports of their own. However, local importers say that they still prefer to conduct their business through ports thousands of miles away in the country's coastal regions, a peculiar situation brought on by a significant service gap between ports in western and eastern China.
Source: Global Times | 2018/4/16 18:28:39