Business

China's CPI up 2.3 pct in March

​China's consumer price index (CPI), a main gauge of inflation, rose 2.3 percent year on year in March, the National Bureau of Statistics (NBS) said Thursday.

First Greater Bay Area Symposium held in Tokyo

A symposium for China's Guangdong-Hong Kong-Macao Greater Bay Area was held here Tuesday to introduce the Greater Bay Area and seek cooperation in developing the area between China and Japan.

David Malpass takes office as World Bank president

David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm.

IMF revises up China's growth forecast for 2019 to 6.3 pct

The International Monetary Fund on Tuesday revised up the 2019 growth projection for China to 6.3 percent, up 0.1 percentage point from its previous estimation in January.

IMF lowers global growth forecast for 2019, warns downside risks

The International Monetary Fund (IMF) on Tuesday lowered its global growth forecast for 2019 to 3.3 percent.

BMW recalls cars in China over electrical fault

German auto brand BMW has begun recalling 121,381 vehicles in China due to an electrical problem that may lead to the malfunction of the cars' electronic module.

Nissan ex-chair Ghosn says a 'conspiracy' led to his arrest

Nissan's former Chairman Carlos Ghosn is maintaining he is innocent and accuses some executives at the Japanese automaker of a "conspiracy" that led to his arrest on financial misconduct allegations.

Huawei's R&D investment in 2018 exceeds 15 billion USD

Chinese tech giant Huawei's research and development (R&D) investment in 2018 surpassed that Microsoft, Apple and Intel, ranking the 4th among the global tech companies.
 

China to hold intl forum on development of FTZs: CCPIT

China announced it will hold an international forum on free trade zone (FTZ) development in its southern island province of Hainan, according to China Council for the Promotion of International Trade (CCPIT).

China's virtual reality arcades aim for real-world success

Virtual reality gaming arcades are springing up across China attracting new gamers in a test of whether the expensive technology can go mainstream.

Beijing continues to optimize business environment

​The Beijing city government has been working to optimize the local business environment in an effort to resolve the major issues reported by companies working in the city.

China's forex reserves continue to grow in March

China's foreign exchange reserves rose to 3.0988 trillion U.S. dollars by the end of March, official data showed Sunday.
 

First flying "drone-taxi" takes off in Vienna

Chinese firm EHang has unveiled its flying "drone-taxi" in Vienna's Generali Arena football stadium in the Austrian capital on Thursday, April 4, 2019.

In a milestone, China's BYD rolls out 300th bus at North American plant

China's leading electric vehicle maker BYD said on Wednesday that it has rolled out the 300th bus at its Lancaster manufacturing plant in the U.S. state of California, marking a milestone for production.

WTO approves China's Hong Kong-Macao CEPA agreement

The World Trade Organization (WTO) has recently examined and approved the China's Hong Kong-Macao Closer Economic Partnership Arrangement.
 

Google to require benefits, minimum wage for contractors

Google said Tuesday it will require staffing companies it works with to pay workers at least $15 an hour and give them health benefits.

Global tensions to force trade slowdown in 2019: WTO

Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organization forecast on Tuesday, citing widespread "tensions" and economic uncertainty. 

Chinese duck meat producers upbeat after new low-tariff quotas from EU

Chinese duck meat producers are upbeat about the industry's export outlook after the European Union (EU) started to grant more low-tariff quotas on Monday.

BYD launches world's longest electric bus

BYD has launched what it claims is the world's longest electric bus. The 27-meter-long bus can carry up to 250 passengers. The bus will become part of a rapid transit network in Colombia.

Central bank requests police probe on reserve requirement ratio rumor

The People's Bank of China has asked the police to investigate the source of a rumor that the bank would lower the reserve requirement ratio by 0.5 percent on April 1, according to Financial News.

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