Business

Huawei unveils its homegrown HarmonyOS

China's tech giant Huawei officially launched Hongmeng or HarmonyOS, the company's own operating system, on Friday.

Huawei new smartphone on sale in Japan

Japan's telecommunications carrier KDDI has started selling the Huawei P30 Lite Premium smartphone across the country, reports Xinhua News Agency.

Chinese yuan weakens to 7.0136 against USD Friday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 97 pips to 7.0136 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

China's CPI up 2.8 pct in July

China's consumer price index, a main gauge of inflation, rose 2.8 percent year on year in July, up from 2.7 percent in June, the National Bureau of Statistics said Friday.

5G to reach over half the world's population by 2025, says Huawei

China's tech giant Huawei predicts that 5G networks will cover 58 percent of the world's population by 2025, and that intelligent domestic robots will serve 14 percent families.

MSCI to raise the share of China's A-stocks in its indexes

Index provider MSCI has said it will raise the inclusion factor of China's large-cap A-shares in its indexes from the current 10 percent up to 15 percent. The decision will take effect after the market close on August 27.

Huawei to continue to challenge constitutionality of U.S. ban in federal court

Chinese company Huawei said it will continue to challenge the constitutionality of the latest order by the Trump Administration that barred U.S. government agencies from buying Huawei equipment in federal court.

China's foreign trade up 4.2 pct in first seven months

China's foreign trade of goods rose 4.2 percent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion U.S. dollars), customs data showed Thursday.

China's gold reserves grow for 8th straight month

China's gold reserves rose for an eighth straight month in July, the central bank said Wednesday. Gold reserves stood at 62.26 million ounces in July, up 320,000 ounces month on month.

Commercial passenger operation planned in 2021 for C919 jetliner

With many test flight missions accomplished, China's homegrown C919 jumbo jet plans to get an airworthiness certificate from the country's civil aviation authorities in 2021

MOC to remove soybean oil, rapeseed oil, palm oil import quotas

China's Ministry of Commerce said on Wednesday that it plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management.
 

U.S. expert confident about China's responsible currency policy

China has been enforcing a good currency policy in the past six months, despite its difficult talks with the United States over tariffs and trade disputes, a U.S. finance expert said Tuesday.
 

China's forex reserves stand at 3.1037 trln U.S. dollars at end of July

China's foreign exchange reserves came in at 3.1037 trillion U.S. dollars at the end of July, official data showed Wednesday. The amount increased by 31 billion U.S. dollars, or 1 percent from the beginning of 2019. 

Labeling China currency manipulator damages U.S. credibility: Former U.S. official

Lawrence Summers, former U.S. treasury secretary, on Tuesday criticized U.S. Treasury Secretary Steven Mnuchin for naming China a currency manipulator, saying such a move has damaged the U.S. credibility.

Apple invites select users to apply for its credit card

Apple sent out invitations on Tuesday to some select users to apply for its credit card released in partnership with investment bank Goldman Sachs.

U.S. decision to label China currency manipulator totally wrong: PBOC

U.S. Treasury's decision to label China "a currency manipulator" is totally wrong, a deputy central bank governor said Tuesday.

China Southern launches lounge-sharing with American Airlines

China Southern Airlines said Tuesday that it had launched a program of airport lounge-sharing with American Airlines starting from August.

Experts reject U.S. decision to label China "currency manipulator"

In response to the U.S. Treasury's decision to label China "a currency manipulator" on Monday, experts said China has not met the criteria to fit the label.

China regrets U.S. decision to label China currency manipulator

China deeply regrets the U.S. Treasury's decision to label China "a currency manipulator," the People's Bank of China said Tuesday.

China issues overall plan for new area of Shanghai FTZ

China's State Council, or the cabinet, has issued an overall plan for the new Lingang area of the China (Shanghai) Pilot Free Trade Zone.

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