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Tesla buys land for Shanghai plant

Tesla buys land for Shanghai plant

ELECTRIC car company Tesla signed an agreement to secure land in Shanghai’s Lingang area for its first factory outside the United States. It has bid 973 million yuan (US$140.5 million) to use the land ...

Hu Yumo | October 18, 2018, Thursday


Google to charge for apps to avoid finesTechnology

Google to charge for apps to avoid finesTechnology

Google said Tuesday it would charge manufacturers for apps in a compromise move to avoid more EU mega-fines, after Brussels accused the US tech giant of illegally abusing the dominance of its Android operating...

October 18, 2018, Thursday


Qiangsheng joins ride-sharing boom

Qiangsheng joins ride-sharing boom

Qiangsheng Taxi, one of the city’s major taxi firms, is entering the ride-sharing business in an alternative way....

Xu Lingchao | October 18, 2018, Thursday


Loans rebound on policy easing by PBOC

Loans rebound on policy easing by PBOC

China’s new yuan-denominated loans stood at 1.38 trillion yuan (US$200 billion) in September, up from 1.28 trillion yuan in August, the central bank data said yesterday....

October 18, 2018, Thursday


Stocks up as tech makes a comeback

Stocks up as tech makes a comeback

CHINA stocks rebounded yesterday on a surge in technology shares, led by chip makers and software companies. The benchmark Shanghai Composite Index rose 0.6 percent to close at 2,561.61 points. The ...

Huang Yixuan | October 18, 2018, Thursday


TMT deals fall, but value steady in H1

TMT deals fall, but value steady in H1

Private equity and venture capital investment in the telecommunications, media and technology sector over the first half in China’s mainland saw their value remain steady, despite a drop in the number...

Ding Yining | October 18, 2018, Thursday


China overseas investment grows

China overseas investment grows

China’s non-financial outbound direct investment totaled US$82.02 billion in the first nine months of this year, up 5.1 percent from a year earlier, official data showed yesterday....

Raven Huang | October 18, 2018, Thursday


Hainan FTZ to ease restrictions on foreign firms

Hainan FTZ to ease restrictions on foreign firms

China unveiled a detailed plan yesterday to establish the southern province of Hainan as a free trade zone, in its latest move to open up the economy....

October 17, 2018, Wednesday


CPI up 2.5%, highest since February

CPI up 2.5%, highest since February

China’s consumer inflation rose at a faster pace in September to extend the streak to four straight months, but experts believe inflation will remain in a benign range....

Huang Yixuan | October 17, 2018, Wednesday


Stocks hit 4-year lows, but don’t panic

Stocks hit 4-year lows, but don’t panic

CHINA’S stock markets hit four-year lows yesterday as external uncertainties weakened investor sentiment. But analysts warned against panic selling, saying government reforms — from tax cuts to a reduction ...

Yuan Luhang | October 17, 2018, Wednesday


Audi agrees to pay US$927m ‘dieselgate’ fine

Audi agrees to pay US$927m ‘dieselgate’ fine

Auto giant Volkswagen cleared a new hurdle in its “dieselgate” scandal yesterday, paying a hefty fine to close a German investigation into subsidiary Audi, but the group is not yet in the clear over its...

October 17, 2018, Wednesday


PBOC cuts RRR again to boost market liquidity

PBOC cuts RRR again to boost market liquidity

China’s central bank has lowered the level of cash that lenders must hold as reserves for the fourth time this year in its latest effort to support stable credit growth and shore up the economy....

October 17, 2018, Wednesday


Forum on the value of trade expos

Forum on the value of trade expos

The China Convention and Exhibition Industry International Trade Forum will open on November 6 as an important part of the inaugural China International Import Expo....

Raven Huang | October 17, 2018, Wednesday


Singapore largest ASEAN team at CIIE

Singapore largest ASEAN team at CIIE

The Singapore Business Federation will lead over 80 Singaporean companies as the largest and most diversified delegation from the 10-member Association of South East Asian Nations at the inaugural China...

Huang Yixuan | October 17, 2018, Wednesday


Colombian coffee chasing China

Colombian coffee chasing China

Wu Jiahang, chief representative of the Colombian Coffee Growers Federation in China, is elaborately preparing coffee beans for the first ever China International Import Expo next month....

October 17, 2018, Wednesday




 

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