Business
China's CPI up 1.9 pct, PPI up 0.9 pct in December
China's consumer price index (CPI), a main gauge of inflation, rose 1.9 percent year on year in December. China's producer price index (PPI), which measures costs of goods at the factory gate, rose 0.9 percent.
China to give more tax breaks to small firms
China has decided to roll out a new batch of inclusive tax-cutting measures for small and micro businesses, with the goal of saving them a total of 200 billion yuan (about 30 billion U.S. dollars) each year.
Alipay-powered blockchain-based remittance service launched in Pak
The chairman of the State Bank of Pakistan has announced in Islamabad that the country's first blockchain-based cross-border remittance service has gone into operation.
World economy needs strong performance from US, China: Apple CEO
Apple CEO Tim Cook said Tuesday that a strong U.S.-China economy is needed for the world economy to be strong and that he is optimistic about a solution to the ongoing U.S.-China trade dispute.
Global economic growth to slow to 2.9 pct in 2019: World Bank
Global economic growth is projected to slow to 2.9 percent in 2019 from a downwardly revised 3 percent in 2018 amid rising downside risks, the World Bank said on Tuesday.
China mulls incentives to support consumption, boost investment
China will introduce incentives to support consumption in key areas while increasing effective investment as part of its efforts to shore up the economy, the country's top economic planner has said.
Google to have AI-powered Assistant installed in billion devices
Google said Monday that its AI-powered Google Assistant will be installed on 1 billion devices in Android and iOS smartphones, TVs, headphones, tablets and even cars by the end of January.
World Bank President Kim to step down on Feb. 1
World Bank Group (WBG) President Jim Yong Kim announced on Monday that he will be stepping down from his position after more than six years at the international lending institution.
Chinese vice president to attend WEF annual meeting in Davos
Chinese Vice President Wang Qishan will visit Switzerland and attend the World Economic Forum (WEF) annual meeting in Davos from Jan. 21 to 24.
Tesla breaks ground on gigafactory in Shanghai
U.S. electric carmaker Tesla Inc. on Monday broke new ground with its Shanghai factory, becoming the first to benefit from a new policy allowing foreign carmakers to set up wholly-owned subsidiaries in China.
Huawei unveils Kunpeng 920 ARM server CPU
Huawei on Monday launched the Kunpeng 920, a faster ARM-based server CPU, bringing global computing power to the next level.
China's Huawei opens first flagship store in Saudi Arabia
The Chinese tech giant Huawei on Saturday announced the inauguration of its first flagship store in Saudi Arabia, which is also its largest store in the Middle East and Africa.
China to cut reserve requirement ratio by 1 percentage point
The People's Bank of China (PBOC) decided Friday to cut the reserve requirement ratio (RRR) for RMB deposits by 1 percentage point.
Luckin Coffee plans to surpass Starbucks in 2019
Domestic coffee chain Luckin Coffee has announced a plan to open 2,500 new stores in 2019 and become the market leader in China, Chinanews.com reported on Friday.
Shanghai-London stock link may launch later in January
The earliest time for the launch of the long-awaited Shanghai-London Stock Connect scheme might be the second half of this month, according to people who have the knowledge of the matter.
Baidu's 2018 business revenue tops 100 bln yuan
Chinese search engine and artificial intelligence (AI) giant Baidu raked in over 100 billion yuan (14.55 billion U.S. dollars) in 2018, the company's CEO announced Wednesday.
U.S. stocks nosedive amid Apple's revenue forecast, economic data
U.S. stocks took a heavy beating with broad losses on Thursday, in the wake of Apple's dire slash of its first-quarter revenue forecast and weaker-than-expected economic data.
Apple shares plunge after guidance cut
The U.S. tech giant Apple saw its stock price plunging more than 9 percent in early trading on Thursday after the company issued lower guidance for fiscal 2019 first quarter.
DiDi launches nationwide financial services
Chinese ride-hailing firm Didi Chuxing has ventured beyond ride-sharing and into financial services as the company is trying to diversify its businesses.
China futures market turnover up 12.2 pct in 2018
The turnover of China's futures posted double-digit growth in 2018, the China Futures Association said Wednesday.