Business

287 million tourists travel around China during New Year holiday

Some 287 million tourists travelled in China during the first four days of the week-long Chinese Lunar New Year holiday.  Tourism revenue rose 11.6 percent to 352.7 billion yuan (55.61 billion U.S. dollars) in the four days, official data showed.

China says U.S. report on steel, aluminum imports "groundless"

​China's Ministry of Commerce (MOC) Saturday criticized a U.S. government report on steel and aluminum product imports, saying the findings were "groundless" and do not tally with the facts.

Tourism revenue up 9.7 pct on lunar New Year's Day

China's tourism revenue rose on the first day of lunar Chinese New Year, reaching 83.4 billion yuan (13 billion U.S. dollars).

Nasdaq special opening bell celebrates Chinese New Year

The Nasdaq stock exchange has marked the Chinese Lunar New Year on Friday with a special bell ringing ceremony to kick off the day's trading. 

Nissan could ramp-up electric car production in China

Japanese auto giant Nissan is set to increase its production of electric cars in China in partnership with local joint venture companies.

British farm turns to China over Brexit concerns

A British farmer has praised the Chinese government for having "instilled confidence and positivity" in his business.

Huawei reveals Ipswich investment

The East Anglian region is celebrating enhanced business ties with China.

Chinese apps gain billions of overseas users

Several leading Chinese mobile apps have taken the global market by storm, winning over billions of users overseas, reports People's Daily.

UnionPay expands business across the world

With nearly 20 million cards issued outside China in 2017, China UnionPay now has a much stronger presence overseas. 

China's ZTE says it follows law, remains trusted partner of U.S. clients

Chinese telecom company ZTE said Wednesday it has always adhered to laws and remains a trusted partner of U.S. suppliers and customers, a day after U.S. intelligence officials warned Americans against its products.

Xiaomi launches Redmi Note 5, Redmi Note 5 Pro, Mi TV 4 in India

Chinese tech giant Xiaomi Wednesday launched Redmi Note 5 and Redmi Note 5 Pro phones in India at an event in New Delhi.

Alibaba uses AI to get smart on pig husbandry

Chinese e-commerce giant Alibaba has decided to use AI technology to help China boost its pig-husbandry industry, which has long been plagued with poor efficiency and high labor costs.
 

Dalian Wanda Group sell shares in Atletico Madrid

Spanish Football Club, Atletico Madrid confirmed on Wednesday that the Dalian Wanda Group has sold its shares in the club to the Quantum Pacific Group.

China's ZTE launches foldable double-screen smartphone in Spain

Chinese multinational telecommunications company ZTE launched its new smartphone AXON M in Spain at an event held in Madrid late Tuesday.

China reports increase in FDI in January

Foreign direct investment (FDI) into the Chinese mainland rose 0.3 percent year on year to reach 80.36 billion yuan (12.67 billion U.S. dollars) last month, data showed Wednesday.

Volkswagen excels in 'second home' of China

Volkswagen has revealed strong sales figures, helped by extremely strong demand for its products in China. Over half of all of Volkswagen's sales in January 2018 were in the country.

Northern Irish coffee shops are coming to China

A coffee shop chain in Northern Ireland will expand its network further afield by expanding in China. The Pure Coffee signed a deal to double their workforce by opening up high-end coffee shops across China.

Huawei awarded tenders to distribute fiber optics service in Lebanon

Lebanon's telecommunications service provider Ogero announced on Tuesday that China's Huawei, along with two other foreign technology firms, was awarded tenders to distribute fiber optics service in the country.
 

China names J.P. Morgan Chase Bank as yuan clearing bank in U.S.

The People's Bank of China (PBOC), the central bank, said Tuesday that it had authorized J.P. Morgan Chase Bank to provide Renminbi clearing services in the United States.

China calls for U.S. restraint over trade restrictions

China on Tuesday called on the United States to restrain the use of trade restrictions after the latter decided to launch trade remedy investigations on imported welded pipes.

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