Business

China e-commerce market to grow 19 pct in 2017: report

The e-commerce market in China is expected to grow by about 19 percent year on year in 2017, a report said on Thursday.
 

Wanda denies bank bond dumping claim after share plunge

Wanda group has made a statement denying claims that banks had been dumping the Chinese conglomerate's bonds.

Uber CEO Travis Kalanick resigns after months of crisis

Travis Kalanick has resigned as the CEO of Uber, the ride-hailing startup he co-founded.

China takes measures to boost sharing economy

A guideline to further boost the blossoming of sharing economy was approved at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
 

China to launch 2nd phase of cross-border interbank payment system

The second phase of the Cross-border Interbank Payment System (CIPS) will be launched in Shanghai to promote the global use of the Chinese currency and the Belt and Road Initiative.

China, U.S. businesses call for two-way openness in trade, investment

Business leaders and former officials from China and the United States Wednesday called for better openness between the world's two largest economies to boost trade and investment.

China's State Grid completes purchase of Greek power grid operator stake

The State Grid Corporation of China, the country's biggest utility, said on Wednesday that it has completed purchase of a 24-percent stake in Greece's power grid operator, ADMIE.

Chinese glass tycoon denounces New York Times story

Chinese billionaire Cao Dewang on Tuesday said the New York Times story on June 10 about the "culture clash" at Fuyao Glass America failed to tell the truth about Fuyao in an interview with the Global Times. 
 

Ford to move Focus production to China, sees no US job loss

Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019.

British luxury smartphone maker to use Chinese chips

Vertu, one of the world's leading manufacturers of luxury mobile phones, has announced that it has signed an agreement with TCL Communication.

Alibaba confident to help create 1 mln U.S. jobs: Jack Ma

Alibaba founder Jack Ma said Tuesday the Chinese e-commerce giant is confident that it will help support one million small U.S. businesses to sell to China and the rest of Asia through its network in the next five years. 

MSCI decides to include China A-shares in its EM Index

Global equity indexes provider MSCI announced Tuesday that beginning in June 2018, it will include China A-shares in the MSCI Emerging Markets (EM) Index and the MSCI ACWI (All Country World Index) Index.

China's online sales reach 3 trillion yuan in first half of 2017: report

The development of e-commerce in China has kept a fast pace, with total online sales volumes from December 2016 to May 2017 reaching 3 trillion yuan (440 billion US dollars) for the first time.

Experts warn China needs to be vigilant of external impact on its economy

China needs to be vigilant of the impact of external economic and financial fluctuations on its economy and finance.

China Railway to build Russia link

China Railway Group Ltd, an infrastructure construction company, will build a high-speed railway in Russia connecting the country's third-largest city Yekaterinburg with Chelyabinsk.

Boeing, Tibet Financial Leasing announce commitment for 20 737 MAX aircraft

Tibet Financial Leasing has signed a memorandum of understanding with Boeing to buy 20 aircraft, Boeing China announced Monday.

Chinese company signs deal to build Bangladesh's dual-gauge railway line

A leading Chinese company has signed an agreement to lay a dual-gauge track on the capital Dhaka-adjacent Narayanganj district route to increase Bangladesh Railway's capacity nearly fourfold.

China's home prices show signs of cooling on tough controls

China's home prices have shown signs of cooling as home prices faltered in major cities, after authorities implemented a string of measures to contain price hikes.

A glimpse of China's mid-year online shopping spree

Chinese Internet users splurged on the mid-year online shopping spree on Sunday.

Can Amazon persuade enough people to buy fresh food online?

Can Amazon, the company that persuaded people to buy ever more items online, win enough of them over to having their fresh groceries arrive in an Amazon box?

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