Business

British investors flock to China

Increasing numbers of British financiers are investing in Chinese businesses and funds. That's according to expert analysis, which suggests that more and more British investors are considering placing their money in China.

China says S&P's downgrade a "wrong decision"

China's Ministry of Finance on Friday called it a "wrong decision" for the Standard & Poor's to cut China's sovereign credit rating.

Alipay, Norway's tourism agency forge mutual promotion partnership

China's leading mobile and online payment service Alipay and Norway's tourism promotion agency on Thursday announced a mutual promotion partnership to provide better services to Chinese tourists in the Nordic country.

Boeing 747s to be auctioned on Chinese e-commerce platform

3 Boeing 747-400 Freighters are to be auctioned on Taobao, the shopping platform of China's e-commerce giant Alibaba.

China promotes blue partnership with island countries

China and 12 island countries agreed on Thursday to strengthen cooperation in the blue economy and protect the environment of islands for sustainable development.

WTO sharply upgrades forecast for trade growth in 2017

The World Trade Organization has revised sharply upward its forecast for world trade growth this year to 3.6 percent, citing "resurgence in Asian trade flows" and a rebound in North American import demand.

Chinese bike sharing company Ofo enters Phuket, Thailand

​China's dock-less bike-sharing company ofo on Thursday told Xinhua that they have launched their bike-sharing service in the Thai tourist resort island of Phuket with 1,000 Smart Lock bikes.
 

UK and China team up for medical science

'Biologically-inspired robots' and 'high-intensity ultrasound' might sound like inventions out of a sci-fi, rather than something you'd find at your local hospital. 

Chinese buyer for British hotels

​A partnership including Cindat Capital Management of Beijing looks set to bid for the UK's QHotels chain.

Home mortgage rates in China rise again

China has recently raised interest rates for home mortgages. In August, the average interest rate for first-home mortgages was 5.12%, up 2.47% month-on-month.

China's expects 1 billion express packages for Double 11 sales

It's been predicted that China's courier services will handle over 1 billion packages for the "Singles' Day" shopping spree in November.

Alibaba-backed Chinese supply chain firm BEST debuts on NYSE

Chinese supply chain firm BEST Inc., backed by e-commerce giant Alibaba, made its trading debut on the New York Stock Exchange (NYSE) on Wednesday.

Mobike enters US market in DC

Mobike, one of China's largest bike sharing companies, has launched services in Washington, DC, becoming the third Chinese bike sharing company to enter the US market following Ofo and Bluegogo.

Leshi Holding repays $15m debt to suppliers

Leshi Holding (Beijing) Co, the company controlled by LeEco founder Jia Yueting, has repaid debt of more than 100 million yuan ($15 million) to its suppliers. 

Airbus inaugurates A330 completion, delivery center in China

Airbus Wednesday inaugurated its A330 Completion and Delivery Center (CDC) in Tianjin, north China, marking the first such center for its wide-body aircraft outside Europe.

Welsh factory revival thanks to Chinese investment in London cabs

Geely's ownership of The London Taxi Company has been credited with reviving a Welsh metal supplier.

Chinese firm to the rescue for British power station

A troubled British power station could receive a lifeline from China General Nuclear Power Corporation.

China's newest plane is taking off with airlines across the globe

Earlier this week the Commercial Aircraft Corp of China Ltd (COMAC) signed 130 orders for the C919 passenger jet.

UK enterprises look to Chinese market for chances

A new survey suggests small and medium-sized enterprises in the UK are increasingly looking to China for opportunities.

Fipronil-tainted eggs found in Bulgaria

A batch of 215,000 fipronil-tainted eggs has been found in a warehouse and in shops in Plovdiv, the second largest city in Bulgaria, an official said Tuesday.

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