Business

China car sales fall in May

Car sales in China continued to drop in May, with about 1.913 million vehicles sold last month, down by 16.4 percent year on year, industrial data showed Wednesday.

China's service trade up 4.1 pct in first four months

China's service trade climbed 4.1 percent year on year to 1.74 trillion yuan (about 252.84 billion U.S. dollars) in the first four months of the year, data showed Wednesday.

Huawei looks to bolster electronics ecosystem

Huawei Technologies is currently in great shape as the world's second-largest cellphone maker and stands poised to build up an ecosystem of consumer electronics, a company executive said on Tuesday.
 

China's May CPI up 2.7%, PPI up 0.6%

China's consumer price index, the main gauge of inflation, rose 2.7 percent in May year-on-year, the producer price index, which measures costs for goods at the factory gate, rose 0.6 percent year on year in May.

China to cut retail fuel prices

China will reduce the retail prices of gasoline and diesel starting Wednesday, the country's top economic planner said Tuesday.

Chinese companies fear less welcoming U.S. business environment: survey

Chinese companies doing business in the United States share an "apparent" fear that the U.S. business environment will become "less welcoming" as the trade frictions with China intensify, said a survey released by a China-U.S. business group.

Huawei's operating system in pipeline

Huawei Technologies Co seems to be moving very fast to prepare for the launch of its self-developed operating system, as the Chinese tech giant has reportedly shipped 1 million smartphones with the software onboard for testing.

Google, White House budget office seek reprieve on Huawei ban: media

Google and the budget office of the White House are among many U.S. companies and organizations seeking reprieve on bans on doing business with Chinese tech company Huawei, according to media reports.

China's imports of major commodities rise in first five months

China imported more major commodities in the first five months of the year, data from the General Administration of Customs showed Monday.

China's forex reserves expand in May

China's foreign exchange reserves expanded slightly to 3.101 trillion U.S. dollars at the end of May, up 0.2 percent from the end of April, official data showed Monday.

China's foreign trade up 4.1% in the first five months

China's foreign trade of goods rose 4.1 percent year on year in the first five months of this year to 12.1 trillion yuan (about 1.76 trillion U.S. dollars), customs data showed Monday.

Risks in China's small and medium banks controllable: regulator

China's small and medium banks have relatively ample liquidity and their risks are under control, said the China Banking and Insurance Regulatory Commission (CBIRC) Sunday.

China mulls raising caps in equity investment for insurers

China's banking and insurance regulator is considering raising the upper limit of the proportion of capital that insurance firms can hold in equities, the regulator said Sunday.

China, Central & Eastern Europe expo opens in east China

The China-Central and Eastern European Countries Expo opened Saturday in Ningbo, east China's Zhejiang Province.

IMF warns of trade tensions as it upgrades U.S. growth forecast

The International Monetary Fund upgraded the U.S. economic growth forecast in 2019 to 2.6 percent, while warning of further escalation in trade tensions and rising risks to its financial stability. 

Microsoft announces winners of 2019 Partner of the Year Award

Microsoft on Thursday announced the winners and finalists of the 2019 Microsoft Partner of the Year Award to honor their innovative solutions for global customers.

Microsoft secretly removes massive facial recognition dataset: report

U.S. tech giant Microsoft Corp. has secretly deleted an online database that contained more than 10 million images of about 100,000 people, U.S. media reported on Thursday.

Huawei and MTS to develop 5G network in Russia

Huawei has signed a contract with MTS, Russia's largest telecommunications company, to develop 5G networks in Russia next year. The two sides formally signed the agreement in Moscow on Wednesday.

China's soybean, pork imports from U.S. slump amid trade friction

Affected by the China-U.S. trade friction, China's soybean and pork imports from the United States fell heavily while those from other countries posted significant growth, the Ministry of Commerce said Thursday.

China's tech companies are 5G ready as commercial 5G licenses released

With China's government issuing the first 5G licences for commercial use on Thursday, China's tech companies are getting ready for the 5G era.

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