Business

JD buys Beijing Jade Palace Hotel for 2.7 billion yuan

Chinese e-commerce giant JD has acquired Beijing Jade Palace Hotel for 2.7 billion yuan.

New round of China-U.S. trade talks starts in Beijing

China and the United States started a new round of high-level economic and trade consultations in Beijing on Thursday morning.

Former PBOC governor wins UK's 2019 Central Banking lifetime achievement award

Zhou Xiaochuan, former governor of the People's Bank of China, has won the UK's 2019 Central Banking award for his life achievements, according to the official website for Central Banking.

China releases plan to stimulate consumption

China has decided to stimulate domestic consumption in automobiles, household appliances, online shopping and other sectors.

Chinese telecom companies upbeat ahead of 5G roll-out

Leading Chinese telecom companies are forging the way into the 5G era with 5G data terminals and smart phones expected to launch this year.

Suning to acquire Wanda department stores in offline retail expansion

Chinese e-commerce giant Suning.com will acquire all Wanda Department Stores to expand its offline presence and improve their shopping experience, the company announced Tuesday.

Huawei 3rd largest chip buyer in the world

A report released by market research firm Gartner says Chinese telecom giant Huawei is the third largest chip buyer in the world.

Shenzhen's tax reductions for private businesses reach 170 bln yuan in 2018

Tax reductions for private businesses in Shenzhen rose 10 percent year on year to reach 170 billion yuan last year.

Chinese shares jump on 1st trading day of Year of Pig

China's major stock indices ended notably higher Monday as investors greeted the Year of the Pig in China's lunar calendar with bullish sentiment.

China Merchants Bank reports over 100 mln saving accounts

China Merchants Bank reported over 100 million savings accounts, the first domestic joint-stock bank to reach that threshold.

China sees consumption grow in Spring Festival holiday

The total earnings of retail and catering companies in China reached 1 trillion yuan during the Spring Festival.

China solicits opinions on industry catalog for encouraging foreign investment

China has started to solicit public opinions on a new industry catalog aimed at encouraging foreign investment as part of the effort to push forward opening-up.

Chinese-made electric buses arrive in Ecuador

Ecuador has received its first fleet of Chinese-made electric buses designed to modernize urban public transit and improve sustainability in Guayaquil with some two million residents.

European Commission prohibits merger between Siemens, Alstom

The European Commission said the merger would have harmed competition in markets for railway signalling systems and very high-speed trains. 

Ski resort adds fun to village life in northeast China

​Sitting in a snow tube, speeding down slopes covered with snow and plunging into snowdrifts, though it's still early in the morning, children in Erhe have had hours of fun playing in the snow.

Foxconn again shifts Wisconsin plan after Trump intervenes

​Foxconn has shifted its stated strategy yet again on Friday for a massive Wisconsin campus, crediting a conversation with President Trump for cementing plans to proceed with building a factory.

Apple apologizes for FaceTime security bug

U.S. hi-tech giant Apple on Friday apologized for a Group FaceTime security bug that could potentially cause users' conversations to be eavesdropped without their knowledge.

Baidu plans new AI cloud computing center in north China

Chinese artificial intelligence (AI) giant Baidu has decided to set up an AI cloud computing center in the northern Chinese city Baoding in its latest efforts to build more smart cities.

Facebook says Apple is restoring a key developer tool

Facebook says Apple is restoring its access to a key development tool that the iPhone maker disabled Wednesday. Google said Thursday that Apple has also revoked its enterprise certificate.

Myanmar adds Chinese RMB as official settlement currency

The Central Bank of Myanmar has announced that it will add the Chinese renminbi, along with the Japanese yen, as official settlement currencies for international payment.

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