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TCL under fire for keeping operations in Wuhan despite epidemic

Chinese electronics company TCL's CSOT panel manufacturing facility in Wuhan, capital of Central China's Hubei Province, has been under fire on Tuesday after media reports claimed the factory maintained operations at full capacity despite a confirmed coronavirus case and dozens of febrile workers.
Source: Global Times | 2020/2/18 20:38:40

US ban on engine exports shows it is ignorant of science, fearful of China's growth: FM

China's Foreign Ministry on Tuesday said if reports that the US is considering banning its firms' aircraft engine exports to China's homegrown passenger jet C919 are true, it will be another example of the US using political means to sabotage bilateral business ties and hold back China's growth.
Source: Global Times | 2020/2/18 17:58:40

TCL under fire for maintaining operations in Wuhan despite coronavirus attack

Chinese electronics company TCL's CSOT panel manufacturing facility in Wuhan, capital of Central China's Hubei Province, has been under fire on Tuesday after media reports claimed the factory maintained operations at full capacity despite a confirmed coronavirus case and dozens of febrile workers.
Source: Global Times | 2020/2/18 16:18:40

Xinjiang companies' plan to resume production amid coronavirus hindered by labor shortage, delayed logistics

Local companies in Northeast China's Xinjiang Uygur Autonomous Region are gradually resuming work on a large scale as the region has not been severely hit by the onslaught of the coronavirus, yet some local businesses still face daunting challenges including labor shortage issues, delayed logistics services and difficulties procuring raw materials.
Source: Global Times | 2020/2/18 13:58:40

Chinese automaker to take over Thai, Indian plants from General Motors

Chinese carmaker Great Wall Motors (GWM) will take over General Motor's (GM) manufacturing facilities in Thailand by the end of 2020, as the US automaker prepares to withdraw from some non-profitable operations in Asian Pacific region.
Source: Xinhua | 2020/2/18 11:42:00

GE seeking export license to supply engines for C919: company

US-based General Electric Co (GE) said on Monday that it is striving to obtain an engine export license for China's homegrown passenger jet C919 amid concerns that the US might impudently set off a new round of crackdowns on China's technology development.
Source: Global Times | 2020/2/17 21:28:40

Huawei moves forward against headwinds caused by coronavirus

Huawei, the Chinese technology giant that has been showing its resilience amid a relentless US assault, is facing another headwind at home - the novel coronavirus disrupting its supply chain and hurting its handset shipments in 2020, a critical year for 5G rollout.
Source: Global Times | 2020/2/17 21:08:40

Endless paperwork, restrictions, shortages – Businesses face daunting difficulties in resuming work

Factories and businesses in China anxious to restart operations after an extended closure and heavy losses due to the outbreak of the coronavirus are faced with tremendous risks and challenges, from lengthy applications to tough restrictions and shortages in cash, labor and supplies.
Source: Global Times | 2020/2/17 18:00:04

China's military shares open higher on Monday as state-owned enterprises resume work amid onslaught coronavirus

China's military shares led gains on Monday's market opening as a number of industrial military enterprises resume production amid the coronavirus outbreak, and as the reported US ban on the sale of airplane engines to China's passenger jet C919 lifts key A shares involving in the supply of self-developed components.
Source: Global Times | 2020/2/17 11:42:20

China's home developer Evergrande offers 25% off amid virus outbreak

China's leading property developer Evergrande Group announced Sunday it is set to launch great incentives to lure domestic consumers via online subscriptions starting Tuesday, and an analyst said such a "self-rescue" promotion would attract more industry followers and help shore up the sluggish domestic housing market in February amid the novel coronavirus outbreak.
Source: Global Times | 2020/2/16 21:37:03

Xiaomi, Meituan not listed as candidates for coronavirus special loans: central bank

Government departments involved in the issuance of special bank loans did not shortlist Chinese smartphone-maker Xiaomi and food delivery company Meituan Dianping as names that are qualified to apply for the loans, which is designed to soften the impact of coronavirus on affected enterprises, China's central bank said on Sunday.
Source: Global Times | 2020/2/16 14:28:40

Suppression of Huawei reflects gloomy psychology: Chinese FM

Chinese State Councilor and Foreign Minister Wang Yi on Friday rebuffed groundless accusations against Chinese telecom gear giant Huawei, saying that the US suppression of a private company like Huawei is a reflection of gloomy psychology.
Source: Xinhua | 2020/2/16 12:36:42

Chinese customs issues measures to stabilize foreign trade

Amid the outbreak of the coronavirus that weighed on the operation of thousands of trading companies, the Chinese customs have issued a batch of measures on Sunday, which include expanding the imports of agricultural products and food as well as simplifying the approval process of imported medical supplies to stabilize the nation's foreign trade.
Source: Global Times | 2020/2/16 12:08:40

BYD new energy vehicle sales slump in January

China's leading new energy vehicle (NEV) manufacturer BYD saw its NEV sales tumble in January, company data showed.
Source: Xinhua | 2020/2/16 11:38:10

Airbus reports 2019 net loss of 1.36 billion euros

France-based European plane maker Airbus on Thursday reported a net loss of 1.36 billion euros ($1.47 billion dollars) in 2019 after paying billions of euros of provision to settle a past bribery and corruption case related to jetliner sales.
Source: Xinhua | 2020/2/16 7:55:57

Airbus posts net loss of 1.36 bln euros in 2019

France-based European plane maker Airbus on Thursday reported a net loss of 1.36 billion euros (1.47 billion US dollars) in 2019 after paying billions of euros of provision to settle a past bribery and corruption case related to jetliner sales.
Source: Xinhua | 2020/2/15 11:59:43

Tesla to recall over 3,000 Model X vehicles in China

US electric car maker Tesla will recall a total of 3,183 Model X vehicles in China over safety risks, according to China's market regulator.
Source: Xinhua | 2020/2/15 11:00:37

JPMorgan picked as adviser for sale of stake in $7.3b Turkish motorway: sources

JPMorgan has been picked as an adviser for the sale of a stake in a $7.3 billion motorway in Turkey, four sources familiar with the matter said.
Source: Reuters | 2020/2/14 22:48:41