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Lenovo aims to be a ‘computing’ firm

Lenovo aims to be a ‘computing’ firm

LENOVO Group Ltd yesterday tied up with JD.com and smart carmaker Nio to tap intelligent devices on fitness and lifestyle as it aims to make artificial intelligence as a major growth engine. “Lenovo ...

Zhu Shenshen | July 21, 2017, Friday


China eyes AI leadership globally

China eyes AI leadership globally

CHINA unveiled a national artificial intelligence development plan yesterday, laying out its ambitions to build world-leading technology amid heightened international friction over applications of AI ...

July 21, 2017, Friday


ECB holds steady easy monetary stance

ECB holds steady easy monetary stance

THE European Central Bank left its ultra easy monetary policy stance unchanged as expected yesterday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens. After ...

July 21, 2017, Friday


BOJ cuts annual inflation outlook

BOJ cuts annual inflation outlook

A woman walks past the logo of the Tokyo 2020 Olympic and Paralympic Games in Tokyo yesterday. The Bank of Japan yesterday slashed its annual inflation forecast and once again delayed its timetable for hitting a 2 percent target as the economy struggles to gain traction despite years of stimulus. The BOJ said in a statement that it forecasts inflation at 1.1 percent in 2017, below its 2 percent target and also its earlier outlook for a 1.4 percent rise in the consumer price index. The central bank opted yesterday to keep its lavish monetary stimulus intact. ...

July 21, 2017, Friday


China’s forex capital flows most balanced in 3 years

China’s forex capital flows most balanced in 3 years

CHINA’S forex regulator said yesterday the country was seeing its most balanced forex market supply and demand in three years due to improving economies at home and abroad as well as an intensified crackdown ...

July 21, 2017, Friday

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Shanghai stocks drop after a three-day rebound

Shanghai stocks drop after a three-day rebound

SHANGHAI stocks dropped today as investors took profit in blue chips such as banks and securities. The Shanghai Composite Index lost 0.21 percent to 3,237.98 points after a three-day rebound. Investors ...

Song Yingge | July 21, 2017, Friday


Chery Jaguar Land Rover’s new plant to make engines locally

Chery Jaguar Land Rover’s new plant to make engines locally

CHERY Jaguar Land Rover opened its new engine plant in Changshu, Jiangsu Province today, as the company aims to localize production of its vehicle engines and better adapt to the Chinese market.  “This ...

Hu Yumo | July 21, 2017, Friday


DHL announces zero emission delivery plan

DHL announces zero emission delivery plan

LOGISTIC giant DHL yesterday announced to reduce all logistics-related emissions to zero by the year 2050. To achieve the goal, the logistic company will operate 70 percent of its first and last mile ...

Yang Jian | July 21, 2017, Friday


115 Chinese firms on Fortune Global 500 list 2017

115 Chinese firms on Fortune Global 500 list 2017

CHINESE firms filled an unprecedented 115 places on the Fortune Global 500 list for 2017, a 14th-straight-year that the country's firms have increased their presence on the list. The U.S. retail giant ...

July 21, 2017, Friday


Dialog agrees steel glut a global issue

Dialog agrees steel glut a global issue

BOTH China and the United States recognized that steel overcapacity is a global issue that requires a global solution, a senior Chinese official said in Washington on Wednesday. At a press briefing after ...

July 21, 2017, Friday


‘New car’ smell puts off Chinese

‘New car’ smell puts off Chinese

WHILE Western drivers like the ‘new car’ smell fresh off the production line, Chinese would rather their cars didn’t smell of anything — a cultural divide that’s testing carmakers seeking an edge to revive ...

July 21, 2017, Friday


Ministry seeks to satisfy desire for homes to rent

Ministry seeks to satisfy desire for homes to rent

CHINA is pushing development of the home rental market in large and medium cities to address a rising demand from urban newcomers. Measures will be taken in cities with net population inflows, including ...

July 21, 2017, Friday


Shanghai buyers’ lottery system

Shanghai buyers’ lottery system

SHANGHAI has published a guideline outlining plans for a lottery-like registration system for buyers of new homes. According to the guideline, purchasing orders must be generated by lottery software ...

July 21, 2017, Friday


Shanghai’s H2 foreign trade set to be strong

Shanghai’s H2 foreign trade set to be strong

SHANGHAI’S foreign trade is set to remain strong in the second half of the year but the pace of growth may slow amid global economic uncertainty and slower gains of commodity prices, local customs said ...

Feng Jianmin | July 21, 2017, Friday


Sales boom LED to big profit gain

Sales boom LED to big profit gain

SAN’AN Optoelectronics Co, China’s biggest LED chip vendor, posted a 57 percent jump in net profit in the first six months year on year as its sales boomed, the Shanghai-listed firm said yesterday. In ...

Zhu Shenshen | July 21, 2017, Friday


 

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