Business

Chinese produced airliner earns 20 more orders

The Commercial Aircraft Corporation of China, COMAC, has announced on Tuesday that it has signed a letter of intent with HNA Group to sell it 20 ARJ21 regional passenger planes.

EU, Japan to sign massive trade deal as US puts up barriers

The European Union's top officials arrive in Japan Tuesday to sign the single market's biggest trade deal ever and present a united front as Washington upends the international trade order. 

Ford’s woes in China continue

US auto manufacturer Ford has reported poor sales in the China, the world’s most important car market.

Burberry becomes latest fashion brand to lower China prices

British fashion brand Burberry has lowered its prices in China by as much as four percent. The reductions could help to further boost demand for Burberry products in China. 

Vaccine producer ordered to recall products for serious violations

A vaccine producer in Jilin Province has stopped production and been forced to launch recalls due to legal issues. 
 

China's economy expands steadily in H1: official

Statistics show China's economy extended a steady expansion in the first half of the year, well above the government's annual growth target.

China's GDP grows 6.8 pct in H1

China's gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday.

24-hour unmanned gyms gaining in popularity in Guangzhou

Unmanned gyms that are open 24 hours a day have been gaining in popularity in Guangzhou, reports Guangzhou Daily.
 

China to set up new cross-border e-commerce pilot zones for greater opening-up

China has newly identified 22 cities as venues for comprehensive cross-border e-commerce pilot zones in an effort to boost cross-border e-commerce, promote opening-up and upgrade foreign trade, the State Council announced Friday.

China records higher new yuan loans, slower M2 growth for H1

China's new yuan-denominated loans expanded to 9.03 trillion yuan (about 1.35 trillion U.S. dollars) in the first six months of this year, 1.06 trillion yuan more than the same period in 2017, central bank data showed Friday.

Apple announces 300 million U.S. dollar clean energy fund in China

On Thursday, Apple announced that it would launch a 300 million U.S. dollar renewable energy fund in China as part of its drive to clean up its supply chain, reports thepaper.cn.

J&J ordered to pay $4.69 bn damages in talc cancer case

US pharmaceutical giant Johnson & Johnson was ordered to pay out $4.69 billion in damages in a lawsuit representing 22 women who alleged a talc sold by the company contained asbestos and caused them to suffer cancer.

China's trade holds steady despite trade tensions

China's foreign trade showed strong resilience in the first half of this year with robust imports and stable exports, showing the economy has so far stood up to the impact from the escalation of trade frictions with the United States.

ZTE closer to resuming business

The U.S. said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.

China-US economic relationship is more than just trade deficit

The United States announced a new list of tariffs on Chinese products worth 200 billion US dollars. China immediately retaliated with tariffs on the same value of US goods, including soybeans and cars.

China's central SOEs see decline in debt-asset ratio in H1

China's centrally-administered state-owned enterprises (SOEs) saw a drop in their debt-asset ratio in the first half of the year due to government deleveraging efforts.

Chicago agricultural futures plunge amid renewed China-U.S. trade frictions in morning trade

Chicago Board of Trade (CBOT) agricultural commodities dropped sharply on Wednesday morning, following the news that the United States announced a list of tariffs on 200 billion U.S. dollars of Chinese goods Tuesday.
 

Chicago signs 5-year plan to boost business ties with China

America's third largest city, Chicago, signed a five-year plan Wednesday with eight Chinese cities to promote cooperation in advanced manufacturing and innovative technologies.

Suning, SAP partner over smart retail

Chinese e-commerce giant Suning has signed a memorandum of strategic cooperation with German software company SAP to conduct technology cooperation in retail, logistics and sports sectors.
 

China approves set-ups of branches of overseas banks

​China approved the establishment of branches of several overseas banks in its latest effort to open up financial sectors.

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