Business

Brilliance Auto, Renault sign agreement to accelerate growth of LCVs in China

French carmaker Renault, Brilliance China Automotive Holdings and the municipal government of Shenyang have signed an agreement to accelerate the growth of light commercial vehicles (LCVs) in the Chinese market.

Huawei unveils new flagship Mate 20 handsets

Huawei has unveiled two new models of its flagship Mate 20 series smartphone on Tuesday at a launch in London, the Mate 20 and Mate 20 Pro.

Tesla secures land for Shanghai factory, first outside US

​Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States.

Huawei and Moscow tech fund to partner on innovation center

Huawei and the Russian tech fund SKOLKOVO signed a partnership agreement on Tuesday that will see the establishment of a new tech innovation center. 

Tesla opens its car charging station in HK, the largest in Asia

​US electric car maker Tesla has officially opened its newly set-up charging station in Hong Kong, which is the largest of its kind in Asia, according to South China Morning Post report on Monday.
 

Genghis Khan Airlines set for takeoff

Genghis Khan Airlines, a newly established regional carrier in the Inner Mongolia autonomous region, will receive its first batch of domestically manufactured ARJ21 aircraft by the end of the year.

China's producer prices rise 3.6 pct in September

China's producer price index, which measures costs for goods at the factory gate, rose 3.6 percent year on year in September, the National Bureau of Statistics said Tuesday. 

China's CPI up 2.5 pct in September

China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in September, compared with 2.3 percent for August, the National Bureau of Statistics said Tuesday. 

UK-China trade opportunities vast as Brexit blooms, says Liam Fox

The Rt. Hon. Dr. Liam Fox MP, Secretary of State for International Trade, says that, "Innovative Chinese brands present greater opportunities for strengthening economic UK-China relations post-Brexit."

China-New Zealand Year of Tourism opens in February 2019

The official 2019 China-New Zealand Year of Tourism opening ceremony will be held at Museum of New Zealand in February 2019, New Zealand tourism Minister Kelvin Davis said on Monday.
 

Former leader of China Huarong Asset Management expelled from office

Lai Xiaomin, former board chairman of China Huarong Asset Management Co. Ltd., has been expelled from the Communist Party of China (CPC) and dismissed from office for multiple violations.
 

China's largest trade fair opens in Guangzhou

China's largest trade fair opened Monday in Guangzhou, capital of southern China's Guangdong Province, attracting more import-oriented companies.

Constructive solutions are better than a trade war: PBOC governor

Chinese central bank governor Yi Gang said on Sunday that the world should work together to seek constructive solutions to the trade frictions between the world's two biggest economies.

China allocates 10 bln yuan to support inclusive finance

China has allocated a special fund of 10 billion yuan (1.4 billion U.S. dollars) to develop inclusive finance this year.

China's central SOEs continue rapid revenue growth

China's central state firms continued to see strong revenue growth in the first three quarters of the year, official data showed Monday.

China releases depositary receipt rules for Shanghai-London stock connect

The China Securities Regulatory Commission on Friday issued trial rules on depositary receipt business in the Shanghai-London stock connect program after seeking public comment for more than a month.

Alibaba announces merger of Ele.me with commerce platform Koubei

China's e-commerce giant Alibaba announced on Friday the merger of its two major platforms, Ele.me, China's leading food delivery service, and Koubei, which links users with brick-and-mortar retailers.

Chinese overseas M&A activities cool in H1: report

​Chinese overseas mergers and acquisitions (M&A) activities lost steam in the first half of this year amid rising global economic uncertainties.

China most 5G-ready, to become biggest market by 2025: reports

China is leading the global race to rollout 5G technology, and is expected to be the world's biggest 5G market, according to recent reports by two leading industry associations.

China's foreign trade up 9.9 pct in first nine months

China's goods trade rose 9.9 percent year on year to 22.28 trillion yuan (about 3.23 trillion U.S. dollars) in the first nine months of the year, customs data showed Friday.

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