Business
Global economic growth to remain at 3 pct in 2019-2020: UN
The global economy will continue to grow at a steady pace of around 3 percent in 2019 and 2020 amid signs that global growth has peaked, the United Nations said Monday.
IMF cuts global growth forecast citing softer momentum
The International Monetary Fund on Monday revised downward its global growth forecast for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing softer momentum and weakening financial market sentiment.
China's economy grew 6.6 percent in 2018, officials say
China's gross domestic product (GDP) topped 90 trillion yuan in 2018, and the economy grew by 6.6 percent in 2018, compared to 6.9 percent a year earlier.
China's Geely to make British Lotus cars in Wuhan
Reuters reports that the automaker Geely will set up a factory to manufacture Lotus cars in Wuhan at a new 1.3 billion U.S. dollar factory.
4 former Audi managers charged in U.S. over emissions case
A federal grand jury in the U.S. city of Detroit indicted four former Audi employees for involving in the Volkswagen emissions scandal on Thursday.
China's central SOEs contribute more to society in 2018
China's centrally administered state-owned enterprises (SOEs) made greater contributions to society last year, an official with the state assets authority said Thursday.
Manila sets another test run for China trains
Test runs for another set of trains purchased from Chinese firm CRRC Dalian for the Metro Rail Transit Line 3 (MRT-3) will start from Jan. 23 to Feb. 1, 2019, the Department of Transportation-MRT 3 said Thursday.
Microsoft to launch AI & IoT Insider Lab in Shanghai
U.S. tech giant Microsoft on Wednesday signed a memorandum of strategic cooperation to locate its new artificial intelligence (AI) and Internet of Things (IoT) Insider Lab in Shanghai.
Ford to collaborate with VW in making pickups, vans, electric vehicles
U.S. auto maker Ford Motor Co. and its German counterpart, Volkswagen AG, announced they will join forces to build pickup trucks, vans and develop electric vehicles. The first batch of deliveries is expected in 2022.
U.S. food manufacturer to establish pet food plant in Tianjin
Mars Incorporated, a U.S. global manufacturer of confectionery, pet food and other food products, has recently signed an agreement to set up a pet food plant in north China's Tianjin, local authorities said Tuesday.
China's foreign trade up 9.7 pct in 2018
China's goods trade rose 9.7 percent year on year in 2018 to 30.51 trillion yuan (about 4.5 trillion U.S. dollars), customs data showed Monday.
Huawei: Detained employee acted on own behalf
Huawei has decided to terminate the employment of Mr. Wang Weijing, who was arrested on suspicion of breaking Polish law.
Hyundai unveiled its concept for a walking car at CES
South Korean industrial giant Hyundai unveils its concept for a car with robotic legs that allow it to navigate treacherous terrain at the International Consumer Electronics Show in Las Vegas on January 9, 2019.
Bell Helicopter unveils hybrid electric flying taxi at CES
The Nexus, a concept hybrid electric flying taxi designed by Bell Helicopter, has wowed crowds at the Consumer Electronics Show (CES) in Las Vegas.
China's e-commerce platforms lower iPhone prices
China's two e-commerce platforms JD.com and Suning on Friday announced price cuts on certain iPhone models, a week after Apple reported disappointing sales in China.
Ex-Nissan chairman Ghosn indicted by prosecutors on fresh charge
Tokyo prosecutors on Friday indicted ousted Nissan Motor Co. Chairman Carlos Ghosn on a fresh charge of aggravated breach of trust and under-reporting his compensation.
China capable of maintaining reasonably high growth rate in 2019: economist
China will be able to maintain a growth rate around 6.5 percent and continue to contribute about 30 percent of the growth to the global economy, said former senior vice president and chief economist of the World Bank Justin Lin Yifu Thursday.
China supports regional free trade arrangements in line with WTO principles
A spokesman for the Ministry of Commerce said Thursday that China consistently advocates for the building of regional free trade arrangements in line with the World Trade Organization (WTO) principles.
Redmi becomes independent brand, launching new product Note 7
Redmi, a smartphone brand subsidiary to tech firm Xiaomi Corp., announced its independence on Thursday afternoon and unveiled its new product Redmi Note 7.
Alipay's worldwide users exceed 1 bln
Worldwide users of Alipay, China's leading online payment platform, exceed 1 billion, according to data released by Alipay on Wednesday.