Business

Shanghai exchange censures Zhao Wei

The Shanghai Stock Exchange publicly censured and disciplined Chinese actress Zhao Wei and her husband Huang Youlong, and denied a report related to science and technology innovation board.

Tech rout erases US market's gain for year

US stocks are closing sharply lower, erasing the market's gains for the year, as losses for big technology companies like Apple mount.

Entrepreneurs explore commercial potential of Yiwu-Madrid train line

At a forum held on Monday in the Spanish capital, Chinese and Spanish businesspeople jointly explored the export and import potential arising from the train line between Yiwu and Madrid.

Nissan chairman Ghosn arrested for allegedly violating financial law

Carlos Ghosn, chairman of the Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. alliance, was arrested Monday evening for allegedly violating a financial law.

China, Indonesia sign currency swap deal

China's central bank said Monday that it had signed a bilateral currency swap agreement with its counterpart in Indonesia.

China launches anti-dumping probe into Australian barley

China's Ministry of Commerce (MOC) has decided to start an anti-dumping investigation into imported barley from Australia.

China tightens ban on solid waste imports

The Chinese government has introduced a tightened ban on solid waste imports, according to an official document.

Chinese company collaborates with British Premier League next season

A Chinese company will be working with the Premier League to produce names, numbers, and sleeve patches from next season.

Chinese online lender Weidai makes NYSE debut

Weidai, which provides an auto-secured loan platform for small businesses in China, rang the New York Stock Exchange (NYSE) opening bell on Thursday in celebration of its initial public offering (IPO). 

Chinese automaker Zotye plans to sell vehicles in US in 2020

Chinese automaker Zotye Auto said it plans to start selling vehicles in the United States in 2020. The companies said it will work with an American partner, HAAH Automotive Holdings. 

Google's sibling Waymo to start driverless car service next month

Google's sibling company Waymo is starting the world's first commercial self-driving car service in early December, which will compete directly with Uber and Lyft.

China's retail sales up 8.6 pct in October

China's retail sales of consumer goods grew 8.6 percent year on year in October, data showed Wednesday.

China's fixed-asset investment up 5.7 pct in first 10 months

China's fixed-asset investment rose 5.7 percent in the first 10 months of the year, accelerating from 5.4 percent for Jan.-Sept. period, data showed Wednesday.

China's industrial output up 5.9 pct in October

China's value-added industrial output, an important economic indicator, expanded 5.9 percent year on year in October, the National Bureau of Statistics said Wednesday.

Double 11 shopping spree breaks record

China's e-commerce giant Alibaba set yet another record for the Double 11 shopping festival, hitting 10 billion yuan in sales just 2 minutes and 5 seconds after the annual November 11th online shopping spree began at midnight Saturday.

Alibaba Singles' Day sales hit $31 billion

Chinese e-commerce giant Alibaba cashed a record 213.5 billion yuan or 30.7 billion dollars in sales on Sunday during its 24-hour online retail frenzy Singles' Day, also known as 11.11 Global Shopping Festival.

China to improve legal services for private businesses: official

China will create a sound environment for private businesses by improving legal services and law enforcement, Minister of Justice Fu Zhenghua said Sunday.

China's Single's Day sales hit 1.4 bln USD in first 2 minutes

Online sales reached 10 billion Chinese yuan, or some 1.4 billion US dollars, in just 2-mintues-5-seconds after midnight this morning, breaking last year's record of 3-minutes-1-second.

China approves American Express JV's application for banking service

​Chinese financial authorities have approved the application by a joint venture of American Express for setting up a bank card clearing and settlement institution, a step forward in the country's financial opening up.

“Bridging the Digital Divide” ministerial forum held in Wuzhen

A ministerial forum themed, "Bridging the Digital Divide", was held in Wuzhen, East China's Zhejiang province, on Thursday, serving as a sub-forum of the fifth World Internet Conference (WIC).

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