SOURCE >> Industries

China will not study its 6G standards behind closed doors: MIIT

China is still in the exploratory stage of 6G technology and will not study its own standards behind closed doors, Minister of Industry and Information Technology Miao Wei said at ...
Source: Global Times | 2020/1/20 18:43:40

Tesla to drive up competition in China's NEV sector: official

US new energy vehicle (NEV) maker Tesla's full-swing operation in China will be an opportunity for the domestic NEV industry in the long term, a Chinese official said. The comments ...
Source: Global Times | 2020/1/20 15:18:40

Bottles survive the blaze

The spread of wildfires in Australia has caused concern around the world, especially regarding the survival of the country's wine industry. But industry insiders said bushfires have caused limited impact ...
Source: Global Times | 2020/1/19 21:23:40

China's industry watchdog to address urgent issues in software development

China will ramp up efforts to craft data security standards, data usage rights and ownership legislation as part of the drive to boost its software sector, the Ministry of Industry ...
Source: Global Times | 2020/1/19 20:58:44

Hong Kong airport registers decline in passenger, cargo volume in restless 2019

The passenger volume and cargo throughput the Hong Kong International Airport (HKIA) handled in 2019 decreased by 4.2 percent and 6.1 percent respectively compared with the previous year, the Airport ...
Source: Xinhua | 2020/1/19 17:20:00

China to overtake France as 2nd largest wine market by 2023: report

China is expected to overtake France as the second largest wine market by 2023, according to a report released in London.
Source: Xinhua | 2020/1/19 13:30:10

OPEC, partners to extend production cut deal to end of 2020: UBS

Organization of the Petroleum Exporting Countries (OPEC) and its partners including Russia and others are expected to further extend production cut until the end of 2020 from the end of ...
Source: Xinhua | 2020/1/19 10:40:51

China's installed capacity of storage batteries up 9.2 pct in 2019

China's installed capacity of storage batteries to power electric vehicles saw a year-on-year increase of 9.2 percent in 2019, industry data has shown.
Source: Xinhua | 2020/1/19 8:01:58

First fully foreign-owned insurer kicks off operations

Allianz (China), a subsidiary of German insurance company Allianz, started operations on Thursday, making it the first wholly foreign-owned insurance holding company in China, as the country strengthens efforts to ...
Source: Global Times | 2020/1/16 22:53:40

China's first LEO 5G broadband satellite moves into orbit

China's first low-Earth orbit (LEO) 5G broadband satellite was successfully delivered to its pre-selected orbit via the Kuaizhou-1A launch vehicle on Thursday from the Jiuquan Satellite Launch Center, Northwest China's ...
Source: Global Times | 2020/1/16 22:48:40

Deal reflects principles of balance, fairness

The phase one trade agreement signed between China and the US reflects what Chinese officials have stressed – that any deal must be balanced and fair and include initiatives that, ...
Source: Global Times | 2020/1/16 22:33:40

Visa agrees to pay $5.3b to acquire fintech start-up Plaid

Visa Inc said on Monday it agreed to buy privately held software start-up Plaid Inc in a $5.3 billion deal that will boost the payments giant's access to the booming ...
Source: Reuters-Global Times | 2020/1/16 21:18:40

Banks lobby Aramco for incentive

Global banks that worked on Saudi Aramco's record IPO are pushing for an additional “incentive fee”, three sources familiar with the matter said, as they try to boost relatively low ...
Source: Reuters-Global Times | 2020/1/16 21:03:40

US, China must assume reciprocal obligations in financial services opening

The financial services part of the phase one trade deal, featuring obligations from both sides that are basically reciprocal, has once again testified to China's efforts to liberalize its financial ...
Source: Global Times | 2020/1/16 20:08:40

Around the world

Chinese bio-technology company WuXi Biologics announced an acquisition agreement on Thursday to take over the operations of one of global healthcare giant Bayer's final drug product manufacturing plants in Leverkusen, ...
Source: Global Times | 2020/1/16 19:53:40

Technology gets scant mention in trade deal, but slight easing seen

Technological cooperation is merely a tiny portion of the phase one trade deal between the world's top two economies, according to the agreement text. While clues remain elusive about whether ...
Source: Global Times | 2020/1/16 19:43:40

ZTE to raise $1.7b to boost R&D, raise global market share

Chinese telecom equipment producer ZTE Corp will raise 11.5 billion yuan ($1.7 billion) through a private share placement to finance 5G technology research and development (R&D) and increase working capital, ...
Source: Global Times | 2020/1/16 19:28:40

The government aims to better support general aviation industry

China's civil aviation regulator said the government will further reduce the institutional costs of general aviation operations to better support the industry's development.
Source: Global Times | 2020/1/16 19:23:40