Business

China launches anti-dumping investigation into phenol imports

China has launched an anti-dumping investigation into imports of phenol from the US, the EU, the Republic of Korea, Japan and Thailand, Chinese Ministry of Commerce said in a statement on Monday. 

China launches crude oil futures trading

China on Monday launched trading of the yuan-denominated crude oil futures contracts at the Shanghai International Energy Exchange, which is the first futures listed on China's mainland to overseas investors. 

China expresses regret at US move to file WTO challenge

​China's commerce ministry said on Saturday that China expressed regret at the United States for filing a challenge at the World Trade Organization, adding that it has always respected WTO rules.

Apple CEO says openness is a key to a country's success

Apple CEO Tim Cook said that only countries that embrace openness, trade, and diversity can achieve success at the China Development Forum in Beijing on Saturday. 

Europe and Vietnam now rail linked via China

Europe and Vietnam now rail linked via China! The service will carry Vietnamese produce such as tropical fruit, rice, coffee and aquatics to Europe.

U.S. requests consultations with China at WTO over technology practices

The United States has requested consultations with China at the World Trade Organization (WTO) over alleged "unfair" technology practices, the Office of the U.S. Trade Representative (USTR) said on Friday.

China becomes Tesla's fastest growing market in 2017

The U.S. electric car maker Tesla saw its fastest revenue growth in China in 2017.

China delivers world's largest ore carrier

​A Chinese shipyard has delivered an ultra-large ore carrier for transporting iron ore between Brazil and China.

Starbucks commits $10M for greener coffee cup

Starbucks is making a $10 million commitment to develop a greener coffee cup that is fully recyclable and compostable.

China's express deliveries account for 40% of global market share

​Nearly 40 billion packages were delivered by express delivery services in China last year, accounting for 40% of the total number of packages delivered worldwide.

China mulls $3B tariffs on US imports

China plans tariffs on some US imports involving 128 products with a value of $3 billion to offset loss on steel and aluminum products. 

Meituan's attempt to enter car-hailing market faces another setback

Meituan, China's leading online platform for ordering food, buying movie tickets, and booking restaurants, launched its own ride-hailing service in Shanghai on Wednesday.

Presence of cloud computing growing in financial institutions

The use of cloud computing technology in China's financial institutions is growing, according to a recent report.

China opens mobile payment market to foreign companies

​The People's Bank of China has opened the country's mobile payment market to foreign companies in a move intended to encourage innovation and competition. 

Skoda launches new SUV for Chinese market

Czech auto manufacturer Skoda is launching a new SUV at the Beijing motor show next month. 

AI most promising in 2018 for Chinese startups: report

AI is considered by Chinese entrepreneurs as the most promising area in the innovation economy in 2018, followed by life science/healthcare and big data, according to a Silicon Valley Bank report.

China regulator requires more lending to small firms

China's banking regulator has announced new plans to bolster lending to small companies.

China's first online insurer Zhongan reports loss in 2017

China's first online insurer Zhongan Online P&C Insurance reported a net loss of 996 million yuan (157 million U.S. dollars) in 2017, against a gain of 9.37 million yuan in 2016.

ZTE invests over 3 billion USD on 5G products

Chinese telecommunications company ZTE has invested 20 billion yuan (3.16 billion U.S. dollars) on a 5G product base in Nanjing, in east China's Jiangsu Province.

China waives income tax for overseas investors trading yuan crude oil futures

China's finance ministry said Tuesday that the country will waive income taxes for overseas investors trading yuan-denominated crude oil futures contracts.

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