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Nestle, Yunnan university strive to improve coffee quality, yield

Global food giant Nestle's coffee center and Yunnan Agricultural University signed a memorandum of understanding Monday to improve coffee plants in the city of Pu'er in southwest China's Yunnan Province.
Source: Xinhua | 2018/12/17 23:40:29

Huawei launches nova 4 smartphone with hole-punch display

Chinese tech giant Huawei Technologies launched its brand-new nova 4 smartphone, its first phone with a hole punch display, in Changsha, capital of Central China's Hunan Province on Monday.
Source: Global Times | 2018/12/17 22:27:54

Russian deal with Cainiao

Russia's largest cargo airline AirBridgeCargo Airlines announced plans to cooperate with cainiao.com, Alibaba's delivery service platform, to jointly advance a smart logistics network, media reports said on Monday.
Source: Agencies | 2018/12/17 22:13:40

'Little Pink' patriotism supporting Huawei irrational; will backfire on supply chain

The recent arrest of Huawei senior executive Meng Wanzhou in Canada has ignited widespread patriotism on Chinese social networks, with some businesses showing support by giving free tickets or discounted meals. At the same time, other observers are calling for rational moves and urging Chinese consumers not to target foreign brands like Apple.
Source: Global Times | 2018/12/17 21:33:39

Chinese smartphone producers set up R&D centers to drive innovation in India

Smartphone producers from the Chinese mainland are moving to establish research and development (R&D) centers in India in a bid to offer localized products and services in the world's fastest growing phone market.
Source: Global Times | 2018/12/17 21:23:39

The 3rd China Venture Capital Forum kicks off in Beijing

The 3rd China Venture Capital Forum, sponsored by the Beijing Venture and Innovation Association, was held in Beijing on December 9. The theme of the forum was "Venture Capital and Sustainable Economic Development," which attracted much attention from all sectors of society.
Source: Global Times | 2018/12/17 18:48:39

Chinese firms seek cooperations in Europe

As China's economic relations with the US grow tense, some Chinese companies are turning their eyes to European companies for possible acquisitions to seek more cooperation with European states.
Source: Global Times | 2018/12/17 16:53:40

First shipment of Fortescue's higher grade iron ore leaves for China

The first shipment of Fortescue Metals Group's (FMG) new higher grade iron ore left Western Australia on Monday for Hunan Valin Steel Co. Ltd in China.
Source: Xinhua | 2018/12/17 14:10:44

Boeing's plant in Zhejiang delivers first plane, marking new era

US planemaker Boeing and its Chinese joint venture partner Commercial Aircraft Corp of China (COMAC) announced the delivery of the first airplane, a 737 Max, to Air China from the new 737 Completion and Delivery Center in Zhoushan, East China's Zhejiang Province on Saturday.
Source: Global Times | 2018/12/16 21:29:54

Chinese may avoid Canadian property amid Huawei spat

Key property markets in Vancouver and Toronto, which has been struggling, could be the next casualties as the diplomatic spat between China and Canada that broke out in the wake of the arrest of a Huawei executive keeps intensifying.
Source: Global Times | 2018/12/16 21:17:12

Canada Goose delays store opening in Beijing as consumers protest Huawei arrest

The debut of the first brick-and-mortar store of Canada Goose in the Chinese mainland was delayed from Saturday amid tensions between China and Canada.
Source: Global Times | 2018/12/16 21:03:40

Foreign automakers reduce prices on cars made in US after govt announces tariff cuts

US tech giant Tesla Inc and German automaker BMW have reduced prices in the Chinese market for their US-built luxury cars following the Chinese government's announcement that it will cut auto tariffs, marking progress in trade negotiations between China and the US.
Source: Global Times | 2018/12/16 21:03:39

TCM maker apologizes over scandal

Beijing Tongrentang Co, Beijing's oldest traditional Chinese medicine store, reportedly apologized after media reports unveiled loopholes in its supply chain, which allegedly recycled expired honey.
Source: Xinhua-Global Times | 2018/12/16 20:08:39

As Hainan's conference industry booms, more infrastructure projects are urgently needed

South China's Hainan Province has had a busy couple of weeks. At least four international events – Sanya Forum, Haitian Feast, Miss World pageant and the Hainan International Film Festival – have taken place in Hainan in December, putting the spotlight on the tropical island's growing international exhibition and conferences industry. So what are Hainan's advantages and disadvantages in further developing the industry?
Source: Global Times | 2018/12/16 17:53:39

Shop Fresh

A view of JD.com's 7Fresh, a “new retail” supermarket that combines online and offline sales, in a shopping mall in Xi'an, capital of Shaanxi Province on Sunday. The store, which opened on Sunday and also marked JD.com's first “new retail” supermarket in Northwest China, supports cutting-edge technology such as face-scanning payment. JD.com launched 7Fresh after its competitor Alibaba Group hit the market with Hema supermarket. Photo: IC
Source: IC | 2018/12/16 17:48:39

Dollar scales to 19-month peak as gloom grows

The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the US drove a strong bid for the safety of the greenback.
Source: Reuters-Global Times | 2018/12/16 17:43:40

Chinese firm halts cobalt purchases from Glencore: sources

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.
Source: Reuters-Global Times | 2018/12/16 17:43:39

Boeing's Chinese plant delivers first plane

US planemaker Boeing and its Chinese joint venture partner Commercial Aircraft Corporation of China(COMAC) announced the delivery of the first airplane, a 737 Max, to Air China from the new 737 Completion and Delivery Center in Zhoushan, East China's Zhejiang Province on Saturday.
Source: Global Times | 2018/12/15 19:14:30

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