Business
Huawei to launch mapping service for developers following Google ban
Huawei is to launch its own mapping service to offset the impact of the United States government's export restrictions that prevent the company from using Google's products and services.
Douyin and Tik Tok user spending hit record U.S. $11.7 million in July
China's short video app Douyin and its overseas version Tik Tok grossed 11.7 million U.S. dollars in user spending in July, an increase of 290 percent compared with the same time last year.
Huawei: U.S. decision against the company 'politically motivated'
Chinese tech giant Huawei urged the U.S. to put an end to unjust treatment and remove it from the "Entity List" after the U.S. Commerce Department added another 46 Huawei affiliates to the "Entity List".
U.S. Department of Commerce extends Huawei reprieve for another 90 days
U.S. Commerce Secretary Wilbur Ross said Monday that his department will grant another temporary reprieve for another 90 days to Chinese tech giant Huawei.
Chinese smartphone makers dominate global market share in Q2
The second quarter of 2019 was not the best time for smartphone makers. Only four brands among the top 10 – Samsung, Huawei, OPPO and TCL – attained year-over-year growth in Q2.
U.S. tariffs seen to push up prices, reduce profits: report
The recent increases in U.S. tariffs on imports are seen to be pushing up prices and reducing profits for American manufacturing and service firms, a report published by the Federal Reserve Bank of New York shows.
PBOC unveils LPR reform plan to cut real economy financing cost
China's central bank Saturday unveiled a plan to improve and reform the country's loan prime rate (LPR) mechanism in its latest efforts to cut financing costs for the real economy.
China to meaningfully lower real interest rates through market-oriented reform
China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.
Cathay Pacific announces personnel changes, CEO steps down
The Hong Kong-based airline Cathay Pacific announced major personnel changes in a statement. Rupert Hogg, Chief Executive Officer of Cathay Pacific, will step down and be replaced by Tang Kin Wing Augustus.
Netizens criticize Amazon for selling offensive Hong Kong T-shirts
Some netizens have revealed that the American e-commerce platform Amazon is selling T-shirts with designs and slogans in support of the violent protests in Hong Kong.
China's civil aviation sector sees steady growth in first seven months
China's civil aviation sector expanded at a steady rate in the first seven months of the year, official data showed Thursday.
China to take countermeasures if U.S. imposes additional tariffs
China will take necessary countermeasures if the Office of the United States Trade Representative imposes 10-percent tariffs on the remaining 300 billion U.S. dollars' worth of Chinese goods, warned the Customs Tariff Commission of the State Council on Thursday.
China's outbound investment up 3.3 pct in Jan-July
China's non-financial outbound direct investment (ODI) maintained steady growth in the first seven months of the year, official data showed Thursday.
Huawei begins researching 6G in Ottawa
Even before 5G is widely commercially available, Chinese telecom giant Huawei has reportedly begun researching the next generation of wireless technology – 6G.
U.S. stocks close sharply lower as Wall Street overwhelmed by recession panic
U.S. stocks closed remarkably lower on Wednesday, as persisting fears over an imminent recession struck a blow to the already-dampened investor sentiment.
Number of Chinese tourists going to the U.S. declining
The number of tourists from China who are travelling to the United States has been falling since last year, putting growing pressure on America's economy, reports Xinhua News Agency.
E-commerce giant Alibaba tops list of China's top 100 web companies
The e-commerce giant Alibaba Group has topped a list of China's top 100 Internet companies, followed by social networking giants Tencent and Baidu, The Paper reported on Wednesday.
Huawei ranks 19th in number of U.S. patents awarded in 2018
China's telecommunications giant Huawei was granted 1,680 patents in the United States last year. That puts Huawei in the 19th spot in the ranking of companies in the U.S. awarded the largest number of new patents in 2018.
China's industrial output up 4.8 percent in July
China's value-added industrial output, an important economic indicator, expanded 4.8 percent year on year in July, the National Bureau of Statistics (NBS) said Wednesday.
U.S. stocks close higher amid trade optimism
U.S. stocks closed higher on Tuesday, bouncing back from the steep losses of the previous day, as the market was supported by easing U.S.-China trade tensions.