Business
China-ASEAN trade volume hits record high in 2017
Trade volume between China and ASEAN countries hit a record high in 2017, according to the Ministry of Commerce. Bilateral trade totaled 514.8 billion U.S. dollars last year, up 13.8 percent year on year.
China supports non-state firms to conduct debt-to-equity swaps
China's top economic planner said Friday that it supported non-state firms to conduct debt-to-equity swaps, the country's latest move to reduce corporate leverage.
Tencent opens cashier-less pop-up store in Shanghai
Chinese Internet giant Tencent has opened its first cashier-less pop-up store in Shanghai in a move to tap into the country's promising unmanned retail industry, China Daily reported Saturday.
Xiaomi beats Samsung in Indian market
Xiaomi Corp has displaced Samsung as the top smartphone vendor in India, the world's fastest-growing major smartphone market.
Israel becomes 1st Middle Eastern country to accept Alipay
Israel has become the first country in the Middle East in which Alipay can be used for in-store payments. Several businesses in the country have begun offering in-store payments using Alipay.
Chinese railway construction firm to build three metro stations in Moscow
China Railway Construction Corporation is set to build three metro stations of the Third Interchange Circuit in Moscow by the end of 2019, deputy mayor of Moscow for urban development policy and construction says.
Reviewers get their hands on latest Chinese smartphone
A new Android smartphone with a revolutionary design is causing waves across the globe. The phone is made by ZTE, a Chinese telecommunications group with its headquarters in Shenzhen.
DiDi launches shared bike brand of its own
China's ride-hailing giant DiDi Chuxing Thursday took another city in Southwest China with a shared bike brand of its own as part of its latest market expansion moves, the Beijing News reported.
US game publisher Activision wins trademark lawsuit in China
A Chinese court ruled that Activision Publishing Co. won a trademark lawsuit over a Chinese film distributor.
Chinese SOEs see solid profit growth in 2017
Chinese state-owned enterprises (SOEs) saw 23.5 percent profit growth last year, a contrast to the 1.7 percent in 2016. SOEs in coal, oil and petrochemicals enjoyed relatively large profit increases.
China teams up with U.S. firms to build aviation navigation database
China's top aviation regulator partnered with U.S. companies Wednesday to develop the country's aviation navigation database.
Apple's smart speaker HomePod to hit stores on Feb. 9
Apple announced Tuesday that its first smart speaker HomePod, powered by Siri, Apple's voice recognition service, will arrive in stores on Feb. 9, while online pre-orders can be placed this Friday onward.
Germany to add China's yuan to currency reserves
Germany's central bank says it has decided to add the Chinese currency into its foreign exchange reserves. The Bank of France has also confirmed that it is holding the Chinese currency as part of its reserves.
Ofo kicks off operations in India to promote bicycle sharing culture
World's first dockless bicycle-sharing platform Ofo has begun its services in India, with the company signing agreements with local body governments in two cities - Pune and Coimbatore.
Solar industry on edge as Trump weighs tariffs on panels
Solar energy is booming in the United States, but companies riding the wave fear that President Donald Trump could undercut them this week if he decides to impose new tariffs on imported solar panels.
Trump applies tariffs to solar panels, washing machines
President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.
Carrefour, Tencent expected to partner in smart retail
Carrefour Tuesday announced a preliminary strategic cooperation agreement with Chinese tech giant Tencent to offer a smart retail experience in China.
China criticizes Trump tariffs on solar, washing machines
China on Tuesday criticized U.S. President Donald Trump's decision to raise import duties on solar power components and washing machines as an abuse of trade remedies.
China-Europe freight train service boosts trade ties: official
A Chinese official said Monday that progress has been made in expanding the China-Europe express freight train service.
Industrial robot plant starts production in E China
It is estimated that the new plant will have an annual production capacity of 9,000 industrial robots and pieces of equipment.