Business

Apple unveils a cheaper iPhone and pricing for streaming TV

Apple unveiled new iPhones that are largely unchanged from previous models and accompanied by an unexpected price cut for the cheapest model.

Google faces new multi-state anti-trust investigation

U.S. search giant Google LLC is facing a new multi-state anti-trust probe by 50 attorneys general (AG), Texas AG Ken Paxton's office said Monday.

Jack Ma steps down as Alibaba chairman

​Jack Ma, founder of China's e-commerce giant Alibaba, stepped down as the company's chairman on Tuesday.

China sees flat inflation growth in August

China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in August, the National Bureau of Statistics (NBS) said Tuesday.

China, ASEAN to further strengthen trade, economic relations

Economic ministers from the 10-member Association of Southeast Asian Nations (ASEAN) and China agreed on Monday to strengthen trade and economic relations between both sides.

Geely invests in Volocopter for flying car business

Chinese private carmaker, Zhejiang Geely Holding Group, on Monday announced to participate in a funding-raising round for shares in the German aircraft manufacturer Volocopter.

New China-Europe freight train route launched in SW China

A freight train route linking the city of Chengdu, capital of southwest China's Sichuan Province, and Wroclaw of Poland has been launched, according to local authorities.

China to issue commemorative coins for 70th anniversary of PRC founding

China will issue a set of coins, starting from September 10, to commemorate the 70th anniversary of the founding of the People's Republic of China (PRC), the central bank said.

China's exports up 2.6 pct in August, imports down 2.6 pct

​China's exports of goods rose 2.6 percent year on year in August, while imports fell 2.6 percent, customs data showed Sunday.

China's forex reserves slightly expand in August

China's foreign exchange reserves expanded slightly to 3.1072 trillion U.S. dollars at the end of August, official data showed Saturday.

China cuts financial institutions' reserve ratios to boost lending

China's central bank announced Friday to cut the cash that lenders must hold as reserves, releasing about 900 billion yuan (127.12 billion U.S. dollars) of long-term liquidity to bolster the economy.

China is not withdrawing WTO complaint over U.S. tariffs, says spokesperson

China is not considering withdrawing its complaint with the World Trade Organization against the United States over tariffs Washington has imposed on 300 billion U.S. dollars' worth of Chinese goods.

Chinese, U.S. trade negotiators agree to meet in early October

China and the U.S. agreed to hold a new round of trade talks in early October in Washington and maintain close communication before that.

Wealth creation in digital economy concentrated in U.S., China: report

Wealth creation in the digital economy is highly concentrated in the U.S. and China, according to the first-ever Digital Economy Report 2019 released by the UN Conference on Trade and Development on Wednesday.

China to take targeted measures for steady economic growth

China's State Council Wednesday called for enhanced efforts and targeted measures to keep the country's major economic indicators within an appropriate range.

Cathay Pacific chairman John Slosar steps down

Hong Kong-based airline Cathay Pacific said on Wednesday that the company's current chairman John Slosar will retire after the company concludes its board meeting on Nov. 6.

China's service trade up 3.2 pct in first 7 months

China's service trade totaled 3.09 trillion yuan (about 436 billion U.S. dollars) during the first seven months of 2019, up 3.2 percent year on year.

China's digital currency may be world's first: newspaper

China may issue the world's first central bank digital currency (CBDC).

China launches probe after knives found in FedEx package

An investigation has been launched into a case where FedEx is suspected of illegally handling a package containing controlled knives headed for China's Hong Kong Special Administrative Region.

China lodges complaint with WTO over fresh U.S. tariffs

China on Monday filed a complaint with the World Trade Organization against the United States over tariffs Washington has imposed on 300 billion U.S. dollars' worth of Chinese goods.

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