Business

Chinese premier stresses cutting red tape, improving business environment

Chinese Premier Li Keqiang said Tuesday that the government should make continued efforts to streamline administrative approvals, delegate power to lower levels and improve regulations and services to optimize the country's business environment.

Huawei Mate 20X acquires China's first 5G licence for telecom equipment

China's tech giant Huawei has announced Tuesday that its 5G-based smartphone Mate 20X has acquired the country's first-ever 5G network access license for telecommunication equipment.

ZTE obtains 25 commercial contracts in 5G globally

Chinese telecommunications company ZTE Corporation said on Tuesday that it had obtained 25 commercial 5G contracts globally.

FedEx sues US Department of Commerce over export rules

FedEx Corp. has sued the US Department of Commerce in a district court, urging it to stop enforcing the Export Administration Regulations ("EAR").

Chinese drone maker DJI denies hacking accusation, invests more in US

Chinese drone maker DJI submitted a letter to the U.S. Senate on Monday, denying "incorrect" speculation about the company's data security practices.

China plans to introduce qualified overseas traders for cotton futures

China's Zhengzhou Commodity Exchange will promote the introduction of qualified overseas traders in the trading of cotton futures. The exchange listed the goal in a recently-issued white paper on cotton futures.

50 years later, the moon is still great for business

Fifty years after humans first visited, businesses are still trying to make a buck off the moon.

China unveils new administrative fee cuts from July

China will introduce new administrative fee cuts to implement the reform of tax and fee cuts for enterprises and individuals, reduce social burdens and support the development of real economy, according to the National Development and Reform Commission.

Suning.com buys 80% of Carrefour's business in China

Suning.com, a leading retailer in China said on Sunday it had agreed to buy 80 percent of Carrefour's business in China. 

FedEx apologizes for another bungled Huawei delivery

​FedEx has issued another apology in relation to a delivery involving Huawei, after the global logistics company returned a Huawei phone destined to New York from London because of an "operational error." 

China's pilot free trade zones attract 40,000 foreign enterprises: report

China's 12 pilot free trade zones (FTZ) have attracted nearly 40,000 foreign enterprises since the first was established in Shanghai over five years ago, a new report showed.

China CITIC Bank opens London branch

China CITIC Bank, one of China's leading commercial banks, has launched a London branch. It is the first China CITIC Bank overseas branch. 

China A-shares to join FTSE GEIS on June 24

FTSE Russell, a leading global multi-asset index, data and analytics provider, announced Friday that it will add Chinese A shares to its widely-tracked global benchmarks commencing June 24.

China's top court unveils guideline to support sci-tech innovation board

China's top court unveiled a guideline Friday to offer judicial guarantee to ensure the newly launched science and technology innovation board and the pilot registration-based IPO reform run smoothly.

Apple recalling MacBook batteries in China

U.S. tech giant Apple has begun recalling some 63,000 MacBook batteries in China for over-heating problems. 
 

US tech giants object to new computer tariffs

Leading United States tech giants are joining forces to oppose Washington's proposal to include laptops and tablet devices among around $300 billion in Chinese imports targeted for additional tariffs of up to 25 percent.

Harley, Qianjiang to launch small-engine motorcycle in China

America's motorbike manufacturing giant Harley-Davidson has teamed up with China's Qianjiang Motorcycles on a small-engine motorcycle, according to an announcement on Qianjiang's website on Wednesday.

Adidas loses EU court battle over 'three stripe' design

German sportswear giant Adidas on Wednesday lost a legal battle to trademark its "three stripe" motif in the EU, as a court ruled the design was not distinctive enough to deserve protection.

China online sellers see robust sales in mid-year shopping spree

Major Chinese online shopping platforms have posted strong sales growth in a mid-year shopping festival that underlines robust consumer spending in the world's second-largest economy.

China launches anti-dumping probe into synthetic rubber product imports

China's Ministry of Commerce (MOC) announced Wednesday it will start an anti-dumping investigation into imported ethylene propylene diene monomer (EPDM) products from the United States, the Republic of Korea and the European Union.

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