Business

​Growth in China's services sector increased in November

A recent survey showed activity in China's service sector expanded at a faster pace in November.

Oil prices slide as Trump urges OPEC not to cut supply

Oil prices extended losses on Wednesday, as U.S. President Donald Trump once again tried to dampen OPEC's efforts to tackle falling oil prices amid market expectations on further output cut.

Alibaba to open e-commerce hub in Belgium

Chinese e-commerce giant Alibaba inked an agreement with the federal government of Belgium on Wednesday to open its first Electronic World Trade Platform in Europe. 

China's MOC spokesperson talks on economic, trade consultation with U.S.

A spokesperson for the Ministry of Commerce (MOC) said Wednesday that the latest meeting between presidents of China and the United States on economic and trade issues was "very successful."

Toyota ends cooperation with German environmental group DUH

Japanese car manufacturer Toyota is ending its long-standing cooperation with German environmental group Environmental Action Germany (DUH), a Toyota spokesperson announced on Tuesday.

Google CEO to testify next Tuesday over transparency, privacy protection

Google CEO Sundar Pichai will testify before U.S. House of Representatives Judiciary Committee next Tuesday over the company's transparency and privacy policy, as well as data collection and use.

​U.S. stocks tumble amid worries over possible economic slowdown

U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown. 

Oil prices rally as U.S, China agree on no new tariffs, Qatar to quit OPEC

​Oil prices rose on Monday, as the world's two largest economies agreed not to impose new additional tariffs and Doha decided to end its 57-year membership in OPEC.

Chinese automaker Byton brings concept electric SUV to LA Auto Show

The 2018 Los Angeles Auto Show kicked off on Friday at the Los Angeles Convention Center with Chinese automaker Byton bringing its new concept sport utility vehicle (SUV) to the ten-day event.

China approves UBS to gain control of securities JV

China's securities regulator has approved UBS AG's plan to gain a majority stake in its mainland securities joint venture (JV).

China's trade volume surpasses 2017 total

China's total imports and exports between January and the middle of November this year surpassed the whole trade volume of 2017, customs data showed Saturday.

China to further reduce retail oil prices

China on Friday announced a third straight cut in retail prices of oil products in this month, the largest reduction since 2008, the top economic planner said Friday.

China to raise limit on cross-border online purchases

China's raising the limit on cross-border online purchases, as well as expanding its list of duty-free goods starting January 1, 2019, according to a statement by the Ministry of Finance on Friday.

China's manufacturing PMI edges down in November

The purchasing managers' index (PMI) for China's manufacturing sector came in at 50 this month, down from 50.2 in October, the National Bureau of Statistics (NBS) said Friday.

China's Mengniu opens dairy factory in Indonesia

China's leading dairy firm has opened a factory in Indonesia, its first in Southeast Asia.

Xiaomi ties up with IKEA to embrace smart phones

Chinese smartphone maker Xiaomi has announced partnership with Swedish furniture maker IKEA in developing smart home products.

China, EU submit proposals to promote WTO's Appellate Body

China, the European Union and other World Trade Organization members have submitted joint proposals on the reform of the WTO's dispute settlement mechanism, known as the Appellate Body.

Companies in Spain witness surging investments from China

Trade between China and Spain totaled 31 billion U.S. dollars in 2017, marking a year-on-year increase of nearly 13 percent, and making China Spain's largest trading partner outside of the European Union.

China to launch bond trading link with Bloomberg

China will launch a bond trading link with Bloomberg to provide overseas investors with easier access to its bond market.

Starbucks to block customers from watching porn using in-store Wi-Fi

Starbucks has announced that it will introduce content blocking in the United States on its in-store Wi-Fi to stop customers from watching porn and accessing other explicit content

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