Business

Lenovo denies rumors that it cut off supplies to Huawei

The rumors emerged after Donald Trump issued an executive order last Wednesday that's believed to effectively ban Huawei equipment from being used in America's telecommunications networks.

China allows insurers to use credit derivatives

Chinese regulators have allowed insurance companies to use credit derivatives to hedge against risks as part of efforts to encourage insurance funds to serve the real economy.

Huawei unveils Ability Gallery open platform system at VivaTech in Paris

Chinese tech giant Huawei unveiled its open platform Huawei Ability Gallery at the ongoing Viva Technology 2019 trade fair in Paris on Friday.

America needs Huawei, says the director of Huawei's board

The executive order that could essentially ban the use of Huawei equipment in the United States won't make the country's networks more secure, according to Catherine Chen, the director Huawei's board. 
 

Huawei launches its first 5G phone in UK

Chinese telecom giant Huawei on Thursday officially brought its first commercial 5G smartphone to the UK.

Face scanning -- this app can tell one panda from another

Having trouble discerning one furry panda from another? A facial recognition app will make it easy for you.

China's Luckin raises $561 mln as it hopes to topple Starbucks

Chinese coffee chain Luckin, battling to dethrone Starbucks in the Asian giant, has raised $561 million ahead of its Wall Street listing, an IPO consulting firm said Thursday.

Microsoft opens largest AI & IoT lab in Shanghai

Microsoft Corporation has established an Artificial Intelligence and Internet of Things Insider Lab in Shanghai to aid digital transformation across industries.
 

China FDI expands 6.4 pct in January-April

Foreign direct investment (FDI) into the Chinese mainland expanded 6.4 percent year on year to reach 305.24 billion yuan in January-April period, the Ministry of Commerce (MOC) announced Thursday.

China's home prices remain stable in April

​Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

China expands soybean plantation area to cut dependence on imports

Major soybean growers in China are on an expansion mode to achieve a fast growth in domestic supply of high-quality soybean produce this year, while cutting the country's dependence on imports.

China remains largest foreign holder of U.S. Treasuries

China's holdings of U.S. Treasuries decreased to 1.121 trillion U.S. dollars in March after a three-month rising streak, according to the data released Monday by the U.S. Department of the Treasury.

China to enhance financial support for targeted poverty alleviation

China will unveil various measures to promote financial targeted poverty alleviation, the central bank has said.

China's industrial output up 5.4 pct in April

China's value-added industrial output, an important economic indicator, expanded 5.4 percent year on year in April, official data showed Wednesday.

China's fixed-asset investment growth up 6.1 pct

​China continued to see steady growth in fixed-asset investment (FAI), boosted by robust high-tech investment in the first four months of 2019.

China's retail sales up 7.2 pct in April

China's retail sales of consumer goods rose 7.2 percent year on year to over 3 trillion yuan (436 billion U.S. dollars) in April, official data showed Wednesday.

Walmart rolls out free next-day delivery service

U.S. retail giant Walmart announced Tuesday that it will provide customers with free next-day delivery covering hundreds of thousands of "most frequently purchased" items.

Huawei and Samsung China to drop lawsuits and cross-license patents

The Chinese tech giant Huawei has signed a framework agreement with Samsung China on the cross-licensing of patents related to global industry standards, bringing their lawsuits against each other to an end.
 

iMessage users in China flooded with spam

Chinese iMessage users are reporting a rise in spam messages from so-called grey industries such as gambling and lotteries.

26 China A shares to join MSCI China Index

Twenty-six China A shares (18 of which are ChiNext stocks) will be added to the MSCI China Index, while the weighting for 238 existing Chinese shares will be increased from 5% to 10%.

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