Tag «COMPANIES»

Chinese, US enterprises urged to foster engagement, cooperation

An employee works in Birtley Industrial Equipment, a Chinese-owned manufacturing firm based in Lexington, the U.S. state of Kentucky, Nov. 26, 2019. (Xinhua/Wang Ying) Chinese and US enterprises were urged to foster engagement and cooperation at a forum in the Bay Area, despite ongoing trade frictions between the two countries. Ken Wilcox, chair of Asia …

Apple’s data center in Guizhou develops rapidly amid trade war

Apple CEO Tim Cook hosts Apple’s Worldwide Developer Conference (WWDC) in San Jose, California, the United States, June 3, 2019. (Xinhua) US technology giant Apple Inc’s first data center in Guizhou, Southwest China, was officially powered on and entered the commissioning phase on Wednesday, progressing in a fast manner amid the prolonged trade war between …

Washington’s latest bill targeting Chinese firms ‘destined to’ weigh on US economy: expert

An electric bus, manufactured by Chinese company BYD, arrives in the port of San Antonio, in the region of Valparaiso, Chile, July 31, 2019. (Xinhua/Jorge Villegas) The latest US defense-policy bill barring the use of state funds to buy Chinese buses and rail cars has triggered strong dissatisfaction among targeted Chinese companies. Some warned that …

Postal Savings Bank of China makes muted debut in Shanghai

The trading floor of the Shanghai Stock Exchange in Shanghai Photo: CFP The IPO of Postal Savings Bank of China (PSBC), which has roughly 40,000 outlets nationwide and more than 600 million individual customers, met with a muted response when it began trading on Tuesday, underpinned by rarely used price-stabilization measures taken by the nation’s …