Business

U.S.-China tariff dispute hits Oregon farm products

​The tariff battle between the U.S. and China, which is poised to trigger a trade war between the two sides, will potentially impact farm products of Oregon on the U.S. west coast, an Oregon daily said Wednesday.

Utah agriculture chief calls for resolving U.S.- China trade dispute

Utah Agriculture and Food Commissioner, LuAnn Adams, who is in charge of the U.S. state's agriculture industry, called for resolving trade dispute between the United States and China quickly. 

Meituan buys Mobike for 2.7 billion USD: report

Meituan-Dianping, China's largest provider of on-demand services, has purchased bike-sharing company Mobike for a reported 2.7 billion US dollars.

US proposes tariffs on $50 billion in Chinese imports

The Trump administration is recommending 25 percent tariffs on $50 billion in Chinese imports amid strong opposition from Chinese and U.S. business groups.

In phone call, ZTE dials up 5G success

Chinese telecom company ZTE Group announced on Monday that it has succeeded in making the first phone call enabled by 5G technologies as Chinese smartphone makers scramble to work on 5G.

U.S. wine industry fears long-term damage of tariff dispute

The U.S. wine industry has expressed concerns over the long-term damage of China's 15 percent tariff on imported wines from the United States.

Credit-based rules into effect for better car fuel efficiency

All domestic and foreign auto makers that operate in China now run under a two-credit system, which consists of the index of Car Average Fuel Consumption - or CAFC - and the index of New Energy Vehicle - or NEV.

US hog farmers want to export more to China, not less: NPPC

The hog farmers and pork producers in the U.S. are said to be concerned about the tariff dispute between the United States and China. 

Alibaba, Tencent take their rivalry to online food delivery services

The duel between China's business conglomerates Alibaba and Tencent will move to online food ordering services.

China urges U.S. to revoke improper protective measures

China on Monday urged the United States to revoke protective measures that violated rules of the World Trade Organization (WTO) to bring the bilateral trade of related products back to normal.

China imposes tariffs on US meat, fruit, other products

China suspended tariff concessions on 128items of U.S. products including pork and fruits starting Monday, according to the Ministry of Finance. 

Starbucks China responds to concerns about coffee cancer risk

Starbucks China has responded to public concerns that a chemical in its coffee may cause cancer, saying that "providing quality and safe foods and beverages to consumers" is the company's highest priority.

China tightens IP transfer to secure transparent business environment

With the aim to build a more fair and transparent regulation process for technology exports and foreign investment, China has issued a guideline tightly reviewing the transfer of intellectual property rights to overseas buyers.
 

Daily limit of 500 yuan set for WeChat payments with static QR codes

From April there will be a daily limit of 500 yuan (79.7 U.S. dollars) for WeChat transactions made using static QR codes, reports thepaper.cn.

Airbnb looks to China to achieve its growth ambition

U.S.-based home-sharing service provider Airbnb is launching Airbnb Plus in cities across China in an attempt to make the country its biggest market by 2020. 

China's non-manufacturing sector expands faster in March

China's non-manufacturing sector expanded at a faster pace in March. The non-manufacturing purchasing managers' index came in at 54.6 this month, up from 54.4 in February.

China's manufacturing activity picks up in March

China's manufacturing sector expanded at a faster pace in March, official data showed Saturday. The manufacturing purchasing managers' index came in at 51.5 this month, accelerating from 50.3 in February.

U.S. high tariffs on Chinese imports to backfire, says ex-World Bank chief economist

The U.S. decision to impose high tariffs on Chinese imports to reduce its trade deficit with China will backfire, according to former World Bank chief economist Justin Yifu Lin.

China cuts tax rates for chipmakers

China announced plans to introduce tax exemptions and reductions for chip producers on Friday.

Volvo to build Chinese car in Europe

A Chinese car will be built in Europe for the first time after plans were confirmed for Volvo to manufacture a Lynk & Co SUV in the Belgian city of Ghent.

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