Business
China Minsheng Bank to facilitate financing for private firms
China Minsheng Bank will boost capital support for private businesses to facilitate high-quality development of China's real economy.
China's resort island further relaxes duty-free shopping restrictions
The popular Chinese resort island of Hainan Province will further relax limits on offshore duty-free shopping from next month.
U.S. business groups urge White House to resolve trade dispute with China
Nearly 150 U.S. business groups on Tuesday urged the White House to resolve the ongoing trade dispute with China during an expected meeting between the two countries' leaders at the G20 summit in Argentina.
Humble emojis continue to take market by storm
As an increasing number of people turn to emojis to spice up their everyday messages, businesses are exploring new ways to turn the fun, colorful characters into some serious profits.
Chinese cabbages favored by Korean and Japanese buyers
Chinese cabbages are now a preferred choice of Korean and Japanese importers. Farmers in the city of Huaia'n in Jiangsu Province are busy harvesting cabbage that will be sold overseas.
Beijing holds International Nail Expo
The China International Nail Expo is being held in Beijing from November 26-28, 2018 at the China National Conventional Center in Beijing. The event serves as a business-to-business nail cure and eyelash trading platform.
WeChat Pay to expand in Japan
Tencent Holdings Ltd is making its WeChat Pay more accessible for Chinese travelers in Japan through a tie-up with popular messaging app Line, a move that accelerates WeChat's overseas outreach.
French insurer AXA to acquire remaining 50 pct stake in China JV
French insurance giant AXA announced that it would offer 4.6 billion yuan to acquire the remaining 50 percent stake in AXA Tianping Property & Casualty Insurance Company Ltd to accelerate its growth in China.
Hundreds in NYC protest against Amazon's HQ2
Hundreds of New Yorkers braved heavy rains and gathered in a Long Island City neighborhood on Monday evening to protest e-commerce giant Amazon's recent announcement of locating a second headquarters here.
Hong Kong tycoon donates 3.25 mln USD to Australian cancer trial
The founder of China's Hong Kong-based industry conglomerate CK Hutchison Holdings, Li Ka-shing, has donated 4.5 million Australian dollars (3.25 million U.S. dollars) to a world-first immunotherapy trial in Australia.
China's industrial profits up 13.6 pct in first ten months
Profits of China's major industrial firms grew 13.6 percent year on year in the first 10 months of 2018, down from the 14.7-percent expansion for the January-September period, the National Bureau of Statistics said on Tuesday.
Cyber Monday to test limits of retailers' websites as shoppers scour deals
Cyber Monday was on track to bring in a record 7.8 billion U.S. dollars in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
GM to slash up to 14,000 jobs in North America
General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to cut costs and focus more on autonomous and electric vehicles.
Over 60 percent of public firms upbeat about 2018 performance
More than 60 percent of China's listed companies that have released their full-year performances estimate they will post profit growth in 2018.
Hainan aims to build a free trade pilot zone by 2020
In October 2018, China rolled out a plan for establishing Hainan as a pilot free trade zone, the 12th of its kind and the largest among its peers.
BMW gains ride-hailing license in China
German carmaker BMW has obtained a ride-hailing license in Chengdu, capital of southwest China's Sichuan Province, and will launch services in the city from December, local authorities said Thursday.
Nissan board fires Ghosn as chairman following arrest
Nissan Motor Co. fired Carlos Ghosn as chairman Thursday, curtailing the powerful executive's nearly two-decade reign at the Japanese automaker after his arrest for alleged financial improprieties.
China's AVIC, COMAC to jointly develop commercial aircraft noses
Subsidiaries of Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China Ltd. (COMAC) have set up a joint design center to develop noses for China-developed commercial aircraft.
Nissan's Ghosn to be detained for longer amid widening financial scandal
Nissan Motor Co. Chairman Carlos Ghosn is now suspected of having continued to understate his earnings in the company's securities reports beyond 2015, forcing prosecutors on Wednesday to extend his detention.
Policies refined to boost cross-border e-commerce
China will expand and improve the existing policies on retail imports via cross-border e-commerce to widen opening-up and unlock the potential of consumption.