The logo of China’s tech giant Huawei. Photo: Xinhua Telefonica Deutschland, a unit of Spain’s Telefonica, chose China’s Huawei to build its 5G network in Germany, which experts said is a rational choice based on Germany’s demand of keeping an edge in the coming 5G era. More companies in the Europe are expected to follow …
Workers sort packages at an express distribution center in Donghai county, East China, Jiansu Province in December, 2018. Photo: CNS December 12 marks the shopping spree of “Double 12,” the follow up to last month’s record-breaking Double 11 festival sequel and one of the most exhilarating shopping welcomed by China’s e-commerce players. Akin to the …
A pedestrian walks outside the Hong Kong Stock Exchange on Monday. Photo: VCG An investor identification system for southbound trading under Stock Connect programs between the Chinese mainland and Hong Kong is expected to be implemented by the end of 2019, Tim Lui Tim-leung, chairman of the Securities and Futures Commission (SFC), said on Tuesday …
Illustration: GT China’s foreign ministry on Tuesday blasted calls in the US for decoupling and other rhetoric promoting confrontation, and stressed the potential for cooperation. The ministry urged the US to drop its cold war mentality and to work with China to build a stable relationship. China’s new yuan loans hit 1.39 trillion yuan ($197.66 …
A mother works at Yao Embroidery Cooperative of Youxi Town in Ruyuan, South China’s Guangdong Province, established by PepsiCo and CWDF in January 2019. “Mom Handworks” is a sustainable public welfare project initiated by CWDF in September 2016. Photo: Courtesy of PepsiCo PepsiCo, one of the world’s leading food and beverage companies, was awarded …
A model of smart car equipped with Thundersoft’s smart system being displayed at an exhibition over the weekend in Beijing. Photo: Li Xuanmin/GT China’s early 5G rollout is fueling a boom in emerging high-tech industries including edge computing, through which data is being rapidly processed closer to devices in real-time, rather than relying on a …
Shoppers buy TV sets at a supermarket during a Black Friday sale in Sao Paulo, Brazil, on Thursday. Photo: AFP Brazilian financial analysts have raised their economic growth forecast for 2019 from 0.99 to 1.1 percent, the Central Bank of Brazil said on Monday. According to the bank’s poll of analysts from the country’s …
A view of a container port in Taicang, east China’s Jiangsu Province, Oct. 30, 2019. (Xinhua/Li Bo) Year-on-year drops of China’s foreign trade halted in November in the latest sign of economic resilience. Despite external uncertainties and domestic downward economic pressure, trade volume expanded 1.8 percent year on year last month in Chinese yuan …
Two people chat outside the headquarters of the China Banking and Insurance Regulatory Commission on April 8. Photo: IC Foreign-funded banks and insurers have reported a bigger presence in the Chinese market as the country continuously increased efforts on financial opening-up and improving the business environment, said the banking and insurance regulator. By the …
St. John Moore, chairman of the British Chamber of Commerce in China, addresses media in Beijing on Tuesday. Photo: Huang Ge/GT Amid increased uncertainties in the global market and ongoing China-US trade war, British businesses remain confident about their operations in China thanks to the nation’s continuous efforts to open up and its growing market …