Business

Second half of Thai-Chinese high-speed rail project to start early next year

The construction of major parts of the Thai-Chinese high-speed rail project linking Bangkok with Nakhon Ratchasima in  Thailand is scheduled to get started early next year, said a senior Thai official on Monday.

World's cheapest car may not survive 2019

Indian automaker Tata Motors may stop selling the "world's cheapest car" Nano by 2019, local media reported.
 

Xiaomi unveils smart air conditioner

Chinese tech firm Xiaomi unveiled a new smart air conditioner Monday in its latest efforts to expand its smart product ecosystem.

Alibaba, Xiaomi among companies authorized for virtual operations

Fifteen companies have acquired a formal license for virtual operations from the country's industry regulator after nearly five years of pilot operation, reports CCTV.

Chinese high-speed train wheels exported to Germany

A shipment of 160 Chinese-manufactured wheels for high-speed trains have arrived in Germany, according to the exporter Magang (Group) Holding Co., Ltd. Monday.

China game streaming platform Douyu plans US IPO to raise around $700m

Tencent-backed Chinese entertainment company Douyu is planning a US initial public offering to raise $600m to $700m, according to Financial Times.

How does China help US economic transition?

​When Trump criticized global trade and resorted to tariff barriers, he neglected the interdependence between China and the US economy, described as “structurally complementary” by experts. 

China, UAE expect closer economic cooperation under B&R Initiative

An economic forum on the business opportunities between the United Arab Emirates (UAE) and China was held Friday evening in the UAE's capital Abu Dhabi, as part of Chinese President Xi Jinping's state visit to the Arab country.

UAE's Dubai Int'l Financial Centre signs MoU with China Everbright Group

Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with China's state-owned Everbright Group (CEG), the DIFC said on Saturday in an e-mailed statement.

China's cross-border e-commerce thrives in the Middle East

China's e-commerce players are actively working with local business in the Middle East to build a "digital Silk Road", reports Xinhua.

China has 120 companies on Fortune China's Top 500 list

A total of 120 Chinese companies have made it to the latest Fortune China list of "Top 500 Enterprises", with Sinopec, Petro China, and China State Construction Engineering Corp leading the country's rankings.
 

Europe attracts nearly ten times more Chinese investment than U.S.

Chinese companies invested a record $22 billion in European firms between January and June 2018.  Just $2.5 billion was invested by Chinese firms into American ones over the same period.

Who's winning in the US-China Trade War?

So who's winning in the US-China trade war? A short answer is…it depends.

Huawei's new nova3 its 100-millionth phone of 2018

Huawei has delivered 100 million smartphones this year with the release of its Nova3 on Wednesday. The company is on course to reach their goal of rolling out 200 million phones in 2018. 

Cargo vans used for passengers during torrential rains

Questions have been raised about the use of vehicles on the online on-demand van hiring platform Lalamove, after a Beijing resident allegedly booked a cargo van for a passenger trip during the recent torrential rains in Beijing. 
 

EU to fine Google 4.3 bln euros over Android

The European Commission is set to fine Google 4.3 billion euros (around 5 billion U.S. dollars) for monopoly with its Android operating system, alleging it violating the EU competition rules.

Chinese produced airliner earns 20 more orders

The Commercial Aircraft Corporation of China, COMAC, has announced on Tuesday that it has signed a letter of intent with HNA Group to sell it 20 ARJ21 regional passenger planes.

EU, Japan to sign massive trade deal as US puts up barriers

The European Union's top officials arrive in Japan Tuesday to sign the single market's biggest trade deal ever and present a united front as Washington upends the international trade order. 

Ford’s woes in China continue

US auto manufacturer Ford has reported poor sales in the China, the world’s most important car market.

Burberry becomes latest fashion brand to lower China prices

British fashion brand Burberry has lowered its prices in China by as much as four percent. The reductions could help to further boost demand for Burberry products in China. 

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