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Yuan-dollar formula facing change

Yuan-dollar formula facing change

CHINA plans to change a formula for forming the yuan-US dollar central parity rate, a move to ensure stable exchange rates at a time when global financial markets remain beset by instability. Under China’s ...

May 29, 2017, Monday


China Eastern nurtures ‘Aerial Silk Road’ connectivity

China Eastern nurtures ‘Aerial Silk Road’ connectivity

CHINA Eastern Airlines, which operates 131 international routes to 45 cities in 21 countries located along the Belt and Road, plans to create an “Aerial Silk Road” to facilitate the nation’s initiative ...

Yang Jian | May 26, 2017, Friday


China mulling opening futures trading

China mulling opening futures trading

CHINA is considering allowing foreign investors to trade domestic crude oil and iron ore futures as part of financial reforms, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, ...

Leng Cheng | May 26, 2017, Friday


Shorter negative list for investment

Shorter negative list for investment

WITH a shorter negative list for foreign investment, China has made a further step in opening up its vast market. A revised guidance catalog for foreign investment in China will soon come into force, ...

May 26, 2017, Friday


Lenovo sees profit, warns of price stress

Lenovo sees profit, warns of price stress

CHINA’S Lenovo Group, the world’s largest personal-computer maker, reported a return to profit yesterday but said rising component prices could pressure its bottom line this year as supply shortages extend ...

May 26, 2017, Friday

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House prices stabilize in Beijing-Tianjin-Hebei region

House prices stabilize in Beijing-Tianjin-Hebei region

THE property market in northern China's Beijing-Tianjin-Hebei region stabilized in April after authorities implemented a string of measures to contain price hikes, according to an official survey released ...

May 29, 2017, Monday


China industrial companies post strong growth in first four months

China industrial companies post strong growth in first four months

CHINA'S major industrial firms posted double-digit profit growth in the first four months of this year on the back of a firming economy, the National Bureau of Statistics (NBS) said Saturday. Industrial ...

May 27, 2017, Saturday


Alibaba buys stake in Lianhua Supermarket to expand bricks-and-mortar retail business

Alibaba buys stake in Lianhua Supermarket to expand bricks-and-mortar retail business

ALIBABA has made another major effort in the physical retail space as it announced today (May 26, Friay) it is acquiring 18 percent of stake in Lianhua Supermarket Holdings, an affiliate of local retail ...

Ding Yining | May 26, 2017, Friday


Vanguard’s vital initiative

Vanguard’s vital initiative

VANGUARD, the world's largest mutual fund company, officially launched its wholly owned subsidiary in Shanghai's free trade zone yesterday with hopes to serve Chinese consumers once the market is opened ...

Feng Jianmin | May 26, 2017, Friday


Shanghai shares gain 0.63 percent this week

Shanghai shares gain 0.63 percent this week

SHANGHAI shares edged up on Friday, calming down from the previous volatile trading. The Shanghai Composite Index added 0.07 percent to 3,110.06 points at the close, holding above the key-level of 3,000 ...

Leng Cheng | May 26, 2017, Friday


Lincoln bids on larger dealership network

Lincoln bids on larger dealership network

LINCOLN plans to accelerate the speed of opening new stores in China to meet the rising demand, the company said today in an opening ceremony of one new store in Shanghai. China is expected to home 100 ...

Hu Yumo | May 26, 2017, Friday


Huawei’s new phone for the young

Huawei’s new phone for the young

A new model of Huawei Technologies has joined the highly competitive segment of smartphone targeting young consumers. The new Nova 2 models features dual camera and specially designed photo editing software, ...

Zhu Shenshen | May 26, 2017, Friday


Ford China announces new CEO

Ford China announces new CEO

PETER Fleet has been appointed chief executive officer of Ford China and president of Ford Asia Pacific to lead the company’s operations in Asia Pacific, according to US carmaker Ford’s official statement ...

Hu Yumo | May 26, 2017, Friday


Better policies for Shanghai from China Mobile

Better policies for Shanghai from China Mobile

CHINA Mobile announced today to partner with the Shanghai government to offer favorable and customized services for small and medium-sized enterprises, as well as government bureaus in Shanghai. The ...

Zhu Shenshen | May 26, 2017, Friday


Oil prices plunge after OPEC decision

Oil prices plunge after OPEC decision

OIL prices settled sharply lower Thursday, as investors were disappointed about the Organization of the Petroleum Exporting Countries' (OPEC) decision to extend production cuts by nine months. The West ...

May 26, 2017, Friday


 

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