Business

Geely, CATL to set up lithium battery JV

Chinese carmaker Geely Automobile Holdings Limited has reached an agreement to set up a battery joint venture with the country's leading lithium battery producer Contemporary Amperex Technology Co. Limited (CATL).

China's Baidu, Paramount Pictures unveil AR-featured Transformers' Bumblebee emoji

China's top Internet search engine firm Baidu Inc. and Paramount Pictures said Friday that they are rolling out new emoji features in Baidu's IME keyboard apps that are built from the theme of Bumblebee, the latest film of the "Transformers" series.

China's digital economy contributes more to GDP: report

China's digital economy accounted for a bigger share of gross domestic product in the first half of this year, with more room for further improvement, a report showed.

China's imports to surpass 2 trln USD in 2018: official

China's total imports will likely exceed 2 trillion U.S. dollars this year, setting a new record, a trade official said.

China's LNG imports hit new high in November

China's imports of liquefied natural gas (LNG) in November surged to a new record as the country briskly promotes the green fuel to clean its energy mix.

China unveils special individual income tax deductions

The State Council, China's cabinet, announced special individual income tax deductions on Saturday, in order to lower the tax burden for those who have certain expenditures.

China unveils changes to income tax rules for individuals

Chinese Premier Li Keqiang has signed a decree of the State Council to unveil the amended regulations for the implementation of the individual income tax law.

China's ICBC branch named "International Bank of the Year" in Turkey

ICBC Turkey, a branch of the Industrial and Commercial Bank of China (ICBC), on Thursday was named the "International Bank of the Year" for its "distinguished contributions" to Turkey's economy.

Japan's central bank chief signals room to boost stimulus as economic risks rise

Bank of Japan Governor Haruhiko Kuroda warned of heightening risks to the economic outlook and signalled the central bank's readiness to ramp up stimulus if needed, brushing aside concerns it lacks policy ammunition to stave off another recession.

China plans further trade talks with U.S. in January

China's Ministry of Commerce said on Thursday that there are plans to hold further trade talks with the U.S. in January 2019, adding that both sides have been closely communicating on details of the future meetings.

China's capital market has long-term investment value: financial regulators

China's capital market has long-term investment value and its risks have been understood and mitigated, according to a meeting Thursday by the office of China's financial stability and development committee under the State Council.

Elon Musk unveils LA underground tunnel plan

​Elon Musk unveiled his underground transportation tunnel in Los Angeles and invited guests to take some of the first rides.

China confirms purchase of soybeans from U.S.

China recently bought soybeans in batches from the United States, according to a statement published on the Sinograin official website.

U.S. Fed raises rates, but signals slower pace of hikes next year

The U.S. Federal Reserve on Wednesday raised short-term interest rates by a quarter of a percentage point, but signaled a slower pace of rate hikes next year as the U.S. economy is expected to cool down. 

AIIB approves applications of six more countries

The Asian Infrastructure Investment Bank (AIIB) announced on Wednesday that its Board of Governors has approved the membership applications of six more countries, bringing AIIB's total approved members to 93.

China simplifies approval rules for new auto joint ventures

China's top economic planner has decided to streamline the rules regarding the procedure of getting new Sino-foreign auto joint ventures approved. 

U.S. dollar rallies as caution remains about Fed's interest rate policy

The U.S. dollar rebounded slightly in late trading on Tuesday, as investors remained cautious about how the Federal Reserve would shape its interest rate policy during a two-day meeting which started on Tuesday.

Airbus delivers 400th A320 family aircraft assembled in China's Tianjin

Airbus has delivered the 400th A320 Family aircraft from its Final Assembly Line Asia (FALA) in northern China's Tianjin Municipality.

​Tsingtao, Yanjing named official beer sponsors of 2022 Beijing Winter Olympics

Tsingtao and Yanjing have been named the official beers of the 2022 Beijing Olympic and Paralympic Winter Games.

Google to spend $1 billion on new campus in New York

Google is investing more than 1 billion U.S. dollars on a new campus in New York, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs.

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