Business

Airbnb ‘deeply respects’ Great Wall feedback

Airbnb have cancelled a competition which would have seen four lucky winners spend the night atop the Great Wall of China.
 

Chinese airlines grow in London

A number of Chinese airlines have launched new routes to London this year, with the latest announcements from Air China and China Eastern adding further connections.

China's CPI up 2.1 pct in July

China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in July, compared with 1.9 percent for June, data from the National Bureau of Statistics (NBS) showed Thursday.

Ford to launch new SUV in China to enhance market performance

Ford Motor Company announced on Wednesday to launch an all-new midsize SUV early next year in China, in a bid to enhance the automaker's unsatisfying performance in the lucrative market.

China decides to impose additional tariffs on 16 bln USD of U.S. imports

China has decided to impose additional tariffs on imported products from the United States worth about 16 billion U.S. dollars, according to an official statement released Wednesday.

China's trade growth weathers US tariff headwinds

China's foreign trade maintained steady growth in the first seven months of this year despite escalating trade tensions with the United States, with data pointing to a more balanced trade picture.

China hits back with tariffs on $16 bln worth of US products

China has decided to impose a 25-percent tariff on 16 billion dollars’ worth of US goods, the Customs Tariff Commission of the Chinese State Council announced on Wednesday. 

Taobao, HoloLens to develop price-checking smart glasses

Taobao, Alibaba's e-commerce platform, will work with Microsoft HoloLens to develop smart glasses that can check product information at a glance, the company said Wednesday.

McDonald's MacCoin debuts in Chinese mainland

Starting on Monday, McDonald's released more than one million MacCoins at 2,500 restaurants across the Chinese mainland to celebrate the 50th anniversary of its iconic Big Mac.

China Tower lists in Hong Kong with world's biggest IPO this year

China Tower debuted on the Hong Kong stock exchange on Wednesday with an initial public offering (IPO) worth up to 53.4 billion Hong Kong dollars (around 6.9 billion U.S. dollars), reports Beijing Morning Post.

Former Malaysian PM Najib to face new charges with money-laundering

Former Malaysian Prime Minister Najib Razak has been summoned by the anti-corruption agency for a new round of questioning and will face new charges in relation to money-laundering and anti-terrorism financing.

One month of trade war: Is it possible to replace Chinese imports?

If one of Trump's goals is to replace Chinese imports with domestic production, it might not be so easy or straightforward to achieve.

China's courier companies explore air cargo market

Chinese private courier companies are increasingly investing in the air freight business to offer swifter deliveries.

Tariff fallout: Reports show trade dispute affects companies

Manufacturing companies say they're paying higher prices for raw materials and seeing longer wait times for deliveries of goods that must go through customs because of new U.S. tariffs on imports from big trading partners.

China punishes third-party payment companies for violating service rules

China's central bank confiscated the illegal gains of and levied fines on three companies for violating regulations on payment services, the People's Bank of China (PBOC) said Monday.

US food industry hit by China’s tariff strike

China on Friday unveiled the new sets of additional tariffs on 60 billion US dollars’worth of US goods in response to the US tariff threat of 200 billion US dollars' worth of Chinese imports.

Who’s having the most trade disputes with other countries?

A trade war is like a tornado, and people feel the pain. So who’s having the most trade disputes with other countries?

E-commerce spreads its cross-border wings

Official statistics show that cross-border e-commerce has become the main growth engine for the country's foreign trade, with a combined volume-both exports and imports-of 4.7 trillion yuan last year.

Pinduoduo told to fix fake goods issue

China's market regulator said on Friday that online discounter Pinduoduo should strengthen platform management and regulate business activities of third-party vendors to maintain fair competition.

China opens new freight train service to Milan

A new freight train linking east China's Shandong Province with Milan, Italy, started service Friday, making it the newest China-Europe freight train route.
 

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