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Auto joint venture sets benchmark for Sino-Japanese business partnership

After joining Sino-Japanese joint venture GAC Honda in 1998, Liang Hongyi was first told to pay special attention to restroom cleanliness in the newly-established carmaker.
Source: Xinhua | 2019/10/21 15:48:48

Multinationals should pursue world-class standards to succeed: businessman

China will further lower tariffs and remove non-tariff barriers to foster a better business environment for multinational companies, Chinese Vice Premier Han Zheng said, as he proclaimed these companies' role in China's economic growth.
Source: Global Times | 2019/10/20 22:33:41

Winter's closing in

A view of Heihe Port in Northeast China's Heilongjiang Province on Thursday. As the weather gets colder, the Heilongjiang River at the China-Russia border is about to close for the winter. A large amount of goods have to be transported to Prague Wishensk City in Russia before the port is closed. Photo: VCG
Source: VCG | 2019/10/17 21:38:40

Hong Kong construction union freezes salaries for first time since 2007

The Hong Kong Construction Industry Employees General Union (HKCIEGU) announced plans to freeze the salaries of 15 engineering professions including concrete and reinforcement fixing, the first such action in 10 years, as the ongoing riots have dealt a huge blow to the city's businesses, Hong Kong media reported.
Source: Global Times | 2019/10/17 21:23:40

China cuts $6.8b in US Treasuries in August, hitting a record low since May 2017

China cut its holdings of US Treasury securities by $6.8 billion in August to $1.1035 trillion, the lowest level since May 2017, a move that experts said was aimed at diversifying the country's foreign reserves and preventing risks amid the trade war with the US.
Source: Global Times | 2019/10/17 21:08:41

Hunan takes down all P2P services

All peer-to-peer (P2P) online lending platforms in Central China's Hunan Province - including 24 that had failed to pass regulatory reviews - have been taken down, according to a government statement released on Wednesday.
Source: Global Times | 2019/10/17 20:27:17

China's food self-sufficiency a blessing to world

China is expected to consume 700 billion kg of food in 2020, while the total volume of the global food trade is only about 400 billion kg a year.
Source: Xinhua | 2019/10/17 15:01:00

Local governments in China get strong push to reform

At a moment of mounting challenges from external friction and internal structural transition, there are good opportunities for local governments in China to carry out reforms, something that the central government is also pursuing with all of its strength, experts said on Wednesday.
Source: Global Times | 2019/10/16 21:58:40

China gears up to guarantee food security via information technology

Local governments in China have strengthened efforts to employ information technology to advance modern food industry management, aiming to further guarantee the country's food security, officials and industry representatives told the Global Times on Wednesday.
Source: Global Times | 2019/10/16 21:38:40

Nanjing expo features latest in remote sensing, drones

A mapping drone is on display at the 9th China Surveying Mapping and Geoinformation Technology Equipment Expo in Nanjing, East China's Jiangsu Province on Wednesday. Drones, unmanned ships, satellite applications, remote-sensing images, solar cells, telescopes and thousands of the latest products with state-of-the-art technology in the surveying and mapping industry are being displayed at the expo. Photo:VCG
Source: VCG | 2019/10/16 20:58:40

Tougher cargo transport security leads to surge in truckers' freight rates

After the recent viaduct collapse in Wuxi, East China's Jiangsu Province that killed three people and injured two, which was caused by alleged overloading trucks, the cargo transportation industry is raising rates as penalties for overloading have been enhanced.
Source: Global Times | 2019/10/16 20:43:41

More bond-market access for foreign firms

China's central bank on Wednesday unveiled new rules to facilitate foreign investment in the interbank bond market, the latest in a flurry of efforts to reduce barriers to entry in the nation's financial markets.
Source: Global Times | 2019/10/16 20:36:19

Pipeline ready to transmit natural gas to China from Russia on December 1

Construction was completed on Wednesday on the northern part of the China-Russia east route natural gas pipeline, which will be used to provide China with 5 billion cubic meters of natural gas from Russia in the first year starting on December 1, according to China's top oil and gas company.
Source: Global Times | 2019/10/16 20:18:41

Int'l rice festival kicks off in Northeast China's Heilongjiang Province

An international rice festival held in Harbin, capital of Northeast China's Heilongjiang Province, kicked off on Thursday.
Source: Global Times | 2019/10/14 18:23:39

China's yuan and stock market rally alongside good trade talks

Both the Chinese yuan against the US dollar and the local stock market rallied on Monday, following "substantial progress" achieved during the latest round of trade consultations between the US and China.
Source: Global Times | 2019/10/14 14:20:24

China's soybean output increases, but still 80% reliant on imports

China's soybean production has increased 6.9 percent on a yearly basis, yet the output is still unable to meet market demand. Analysts say China is still 80 percent reliant on soybean imports.
Source: Global Times | 2019/10/14 12:23:39

China's pork imports rise nearly 44% from Jan-Sep

China's pork imports increased rapidly during the first three quarters of 2019, which an expert said is partially due to many domestic companies rushing to import pork for high profits.
Source: Global Times | 2019/10/14 12:15:17

China-assisted Pokhara airport takes shape

The Pokhara Regional International Airport, a major undertaking of the Belt and Road Initiative that is under construction, will propel Nepal's tourism development and bring more income for South Asian countries, a project manager said.
Source: Global Times | 2019/10/13 21:23:40