Business

China Unicom to start testing 5G networks in cities across China

China Unicom, one of the three major telecom service providers in China, announced on Tuesday that it will rollout test 5G networks in seven Chinese mainland cities. 
 

Starbucks' anti-plastic campaign arrives in China

Starbucks is moving forward with its campaign to reduce its use of plastic, with customers in Shanghai and Shenzhen the first in China to be offered paper straws and strawless sippy lids, rather than plastic straws. 

Tesla CEO plans to hand the car keys to robots next year

Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of a plan to create a network of robotic taxis to compete against Uber and other ride-hailing services.

Tencent expands age limit in new online game

Tencent said on Monday it will keep children under the age of 16 out of their targeted customers in a new online game.

Chinese sci-fi rise brings surprise to merchandising industry

The rise of domestic Chinese sci-fi has brought about a boom in related merchandise.

Ethiopian Airlines considers adding China's C919 planes to fleet

Ethiopian Airlines (ET) Group CEO Tewolde Gebremariam on Thursday said the air carrier is considering adding China's C919 passenger planes to its aircraft fleet.

ICBC issues first green BRI inter-bank regular cooperation bonds

China's largest lender has issued its first green bonds focusing on Belt and Road inter-bank regular cooperation (BRBR) in its latest bid to support the initiative's development.

Amazon to pull plug on China retail operations: report

Amazon is planning to close down online retail operations catering to consumers in China, in an apparent admission of defeat to local e-commerce rivals such as Alibaba, a report said on Thursday.

Chinese banks see net forex sales in March

Chinese commercial banks continued to see net foreign exchange sales last month but the volume has narrowed from that in February as cross-border capital flows remained basically stable, China's forex regulator said Thursday.

Chinese economy expands 6.4 pct in Q1

The Chinese economy expanded 6.4 percent year on year in the first quarter of this year, official data showed Wednesday.

China's fiscal revenue up 6.2 pct in Q1

China's fiscal revenue rose 6.2 percent year on year to over 5.36 trillion yuan (about 800 billion U.S. dollars) in the first quarter of the year, data showed Tuesday.
 

Final of Pitch@Palace China held in Shenzhen

Three Chinese companies have been picked as the finalists in Pitch@Place China to attend the global final in London, according to the event organizers.
 

Mercedes-Benz under pressure in China for quality problems

The German auto maker Mercedes-Benz is facing rising distrust from the public in China after a series of quality problems being exposed by the media.
 

China to create more attractive investment, business environment

China will continue to significantly relax market access, and create a more attractive investment and business environment, Chinese Finance Minister Liu Kun has said.

China's largest trade fair opens with strong Belt and Road presence

The 125th China Import and Export Fair, also known as the Canton Fair, opened Monday in Guangzhou with over half of companies attending its import fair hailing from Belt and Road countries and regions.

Facebook, Instagram, WhatsApp down across US, Europe

Facebook, Instagram and WhatsApp are down. All three social media platforms, including Facebook Messenger, were not loading as of early Sunday morning.

China sees great potential in closer cooperation with World Bank

​China is willing to deepen its cooperation with the World Bank on lending programs and knowledge sharing, Chinese Finance Minister Liu Kun said here in a meeting with World Bank President David Malpass.

China's foreign trade up 3.7 pct in Q1

China's foreign trade of goods climbed 3.7 percent year on year in the first quarter to 7.01 trillion yuan (1.04 trillion U.S. dollars), customs data showed Friday.

Bank of China issues bonds for Belt and Road Initiative: report

Bank of China has issued 3.8 billion U.S. dollars worth of multi-currency bonds to raise low-cost funding for medium and long-term projects related to the Belt and Road Initiative.

Stake sale to benefit Gree Electric

The Zhuhai government-backed Zhuhai Gree Group, the parent company of Gree Electric, is considering selling most of its 18 percent stake in the subsidiary in a deal that could be worth up to 41 billion yuan.

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