China.org.cn / Business

Monday, Nov 27


China to speed up IPv6-based Internet development

China plans to put the Internet Protocol version 6 (IPv6)-based network into large-scale use, to boost the development of the Internet industry.

B&R is helping China's rise, says PwC

China's Belt and Road Initiative is facilitating the country's geoeconomic rise while reshaping infrastructure investment in the Asia-Pacific economies, which will enable significant regional economic growth, according to a leader from a…

Scaling peaks with quality, affordability

On Nov 16, Shenzhen-based OnePlus, a smartphone maker, achieved a world first. It launched its latest flagship 5T model in New York and simulcast the event live on big screens at leading cineplexes in five major Indian cities.

Risk curbs on asset managers evoke claps

Analysts have applauded China's new policy on the asset management sector that aims at curbing risks in the financial system by raising thresholds for entrants and strengthening regulations over nonstandard products.

Online payment providers modernize home rental market

Alipay and China UnionPay, two of China's online payment service providers, are using their credit rating system to improve the house rental market.

Cosmetics firm says sorry for racist sign

Japanese cosmetics maker Pola apologized for a poster described as racist on Saturday barring Chinese customers.


The coming green power tide


Millions of residents in northern Chinese cities will literally breathe easy this winter as the air will likely be a lot cleaner, and smog a lot thinner, given that natural gas will increasingly replace dirtier coal as power plant fuel in…

Sunday, Nov 26


Chinese train maker establishes regional headquarters in Australia

A subsidiary of China Railway Rolling Stock Corporation said it had established an Asia-Pacific headquarters and a research & development center in Australia.

BAIC to export cars from Mexico to US, Canada in 2018

Chinese car-maker BAIC said that it plans to export cars from Mexico to the United States and Canada starting in 2018.

Chicago agricultural commodity prices firm over the week


Chicago Board of Trade agricultural futures prices remained firm over the trading week.

China's steel prices to stabilize in 2018: industry group


China's steel prices will continue to firm up in 2018 as production and supply are becoming more balanced.

Internet entrepreneur vows to increase village income as honorary headman

Liu Qiangdong, founder and CEO of Chinese e-commerce giant JD.com, will take a new role as an honorary village chief.

24-year-old Chinese man hits jackpot designing emojis

A series of creative emojis took Chinese media by storm – its widespread popularity proved to be a boon for its 24-year-old creator.

Saturday, Nov 25


Chengdu aspires to be the financial hub in west China

The capital of Sichuan Province, known for its giant pandas and spicy cuisines, now banks on becoming the fintech mecca in China's hinterland.


Beijing has 524 departure tax refund shops

The number of departure tax refund shops in Beijing has increased to 524 since the city introduced the tax refund policy for overseas tourists in 2015, according to the Beijing Municipal Commission of Commerce.


China starts 3rd phase of 5G tests

China has started the third phase of 5G technology research and development tests, ahead of schedule, as the country accelerates steps to gain a lead in the race toward commercializing the next-generation communication technology.


Firms banking on Black Friday sales

Major cross-border e-commerce players are betting big on Black Friday, the start of the Christmas shopping season in the United States, to boost Chinese online purchases overseas.

Tariffs on consumer goods to fall

China will cut import tariffs on some consumer products by 9.6 percentage points beginning in December.

Friday, Nov 24


AIIB operating to the highest int'l standards

The mission of the Asian Infrastructure Investment Bank (AIIB) to support infrastructure investment is good for the world's economy, and the institution is operating "to the highest international standards," according to Sir Danny…


Smart manufacturing makes Chinese firms more efficient

Smart manufacturing has made Chinese companies more efficient, a senior official said Friday.


China to cut tariffs on consumer goods


China will further reduce tariffs on consumer goods, including food and infant formula, in the third cut since 2015.


Users are set to lose out as bike-sharing firms go bust

Many of China's shared bike users may have lost their deposits after two operators went bust.

China Mobile and partners to develop apps on 5G


China Mobile has partnered 112 companies to develop new applications on 5G that should be available between 2018 and 2020 , the world’s biggest mobile carrier said yesterday.

Overseas M&As by Chinese mainland companies fall

Chinese mainland companies saw outbound mergers and acquisitions in the first three quarters of the year fall from the surge in 2016.


Google admits collecting Android users' locations

Smartphones running Android software could gather data about locations and send them to Google, even if the users turn off location services, use no apps, and don't insert a SIM card, a Quartz investigation reported on Tuesday.

US$15B fund to accelerate SOE reforms

The central government is planning to set up a special fund of up to 100 billion yuan ($15.19 billion) to accelerate mixed-ownership reform by the first half of next year, China Securities Journal reported on Thursday.

Thursday, Nov 23


China to demand 6,103 new passenger aircraft over 20 years


China will need 6,103 more passenger aircraft over the next 20 years, according to a forecast released by the Aviation Industry Corporation of China (AVIC) Thursday.


China's TCM industry grows 20 pct


The traditional Chinese medicine (TCM) industry in China grew by 20 percent in the past year, according to the State Administration of Traditional Chinese Medicine (SATCM).


Alibaba, Auchan Retail, Ruentex form strategic alliance


Alibaba has formed an alliance with Auchan Retail and Ruentex Group to explore new opportunities in China's food retail sector.


China's Okay Airways orders five 787-9 Dreamliners


Boeing and Okay Airways, China's first privately owned airline, have finalized an order for five 787-9 Dreamliners, Boeing China announced Thursday.