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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

US tariff moves expose country's lack of confidence in globalized world

The US' unilateralist and protectionist moves to propose steep tariffs on Chinese imports expose the superpower's lack of confidence in a more globalized world, especially when facing China's growing international role, said analysts.
Source: Xinhua-Global Times | 2018/4/15 17:58:40

Chinese enterprises want level playing field, a predictable environment in America

The US must avoid overusing a national security review plea and ensure a level playing field and a predictable environment for Chinese enterprises investing in the country, experts said recently.
Source: Xinhua-Global Times | 2018/4/15 17:58:40

Data matters

Data scientists and industry players attending an international data conference hosted by analytics firm SAS in Denver, Colorado said that China's data analytics industry needs further improvement. But as the country speeds up to become the next superpower in the data industry, those attendees also said that China is enjoying unique strengths.
Source: Global Times | 2018/4/11 20:23:39

Shared bike shake-up

Mobike, a major bike-sharing firm in China, was acquired on April 4 by Chinese group-buying firm Meituan-Dianping, which is backed by internet giant Tencent Holdings Ltd. The deal reflects some of the difficulties that shared bike operators have been facing lately that are likely to reshape the landscape of the bike-sharing sector. Meanwhile, industry representatives say that the bike-sharing business should be more than a capital-driven game. Instead, the essence of this business model should still be part of the public transportation system.
Source: Global Times | 2018/4/10 21:03:40

Railway reveries

When he was a child, Vijayakumar Sundar often built trains and railways with his toys. But it was almost impossible for him to imagine that one day his dreams of becoming a train manufacturer would actually come true thanks to a Chinese company, building trains that run across Malaysia.
Source: Xinhua-Global Times | 2018/4/9 18:33:39

Stuck in the middle

US President Donald Trump said on Thursday he had asked the US Trade Representative (USTR) to consider slapping $100 billion worth of additional tariffs on China, a dramatic move that threatens to undermine the global trade system.
Source: Xinhua-Global Times | 2018/4/8 18:08:39

Chinese investors 'dig gold' at Oscars

For Chinese film investors, this year marks an Oscar award milestone - Hollywood's highest honor.
Source: Global Times | 2018/3/14 17:38:39

Proposals from energy sector delegates at two sessions highlight pressing issues

The year 2018 is set to be a big year regarding the performance of China's energy sector, as the past few months have already seen a number of "firsts" and with that trend forecast to continue through to December.
Source: Global Times | 2018/3/13 16:43:39

B&R drives sustainable development in Asia

For 34-year-old Pakistani Fazal Raheem, joining a coal-fired power plant project in 2015 at Port Qasim in the city of Karachi was a "life-changing thing" for him as well as his family.
Source: Global Times | 2018/3/12 17:53:39

The Chinese farmer 'who married a European prince'

Li Shufu, founder of Zhejiang Geely Holding Group, is a rising star in the global auto industry, with his scores of international deals prompting competition concerns in the West and drawing substantial praise in China. Though Li is currently jumping many hurdles in the West, people who know him well say he is a man on a global mission to save the traditional auto manufacturing industry.
Source: Global Times | 2018/3/11 19:53:39

Aspiring women entrepreneurs flock from all over to find success in China's prosperous capital

On the occasion of International Women's Day, the Global Times spoke with a diverse pool of Beijing-based businesswomen and “one-woman show” start-ups to gauge the city's climate for women entrepreneurs. Women noted a number of reasons for their Beijing business adventures, with many citing market gaps and passion to introduce their culture to China. Thanks to the country's continuous opening-up policy and encouragement of foreign investment, its capital's business ecosystem is increasingly cultivating opportunities for the world's aspiring women entrepreneurs, which experts say is not only the “right thing to do,” but also the “smart thing to do.”
Source: Global Times | 2018/3/7 21:03:40

Amid liquidity concerns, HNA Group's aviation fuel bill hits $476m: sources

China's HNA Group has amassed an estimated 3 billion yuan ($476 million) bill with a State-run aviation fuel company, two oil industry sources said, underscoring how a deepening cash crunch is plaguing core operations at the conglomerate.
Source: Reuters-Global Times | 2018/3/1 17:03:40

Online giants scramble for offline retail

The flames of the commercial war between China's major online companies are now spreading to the offline territory, as they scramble for business opportunities in physical store sales.
Source: Global Times | 2018/2/28 18:13:40

As domestic wine industry struggles, companies seek better quality, look overseas to upgrade

With the return of CCTV's A Bite of China, one of China's most popular cooking documentary series, French wine brand Château de Pic has become an instant hit thanks to the company paying a naming right fee of 118 million yuan ($18.69 million) to the news outlet.
Source: Global Times | 2018/2/27 20:13:40