 EconomyLoop where regional business news becomes global to everyone  | ||
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| Czech, Chinese officials vow cooperation on general aviation A Memorandum of Cooperation was signed here Tuesday by Czech and Chinese officials to boost bilateral cooperation in the sphere of general aviation.... read more
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| Major banks raise housing loan interest rates for first-home buyers in Beijing The Beijing branches of most major Chinese banks have raised interest rates on home-purchase loans for first-home buyers, effective from September 14.... read more
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| Bookstores open a new chapter Xinhua group is exploring ways to boost growth and improve customer service with internet-based ideas and style.... read more
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| Banks raise housing loan interest rates for first-home buyers The Beijing branches of most major Chinese banks have raised interest rates on home-purchase loans for first-home buyers, effective from September 14, reports sohu.com.... read more
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| Nestle, JD.com unveil China's first AI nutrition assistant Global food and beverage giant Nestle launched its own artificial intelligence (AI) product with Chinese e-commerce platform JD.com Tuesday, in a move to meet the demands of increasingly tech-savvy Chinese consumers.... read more
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| Leading Chinese computer scientist inducted into 2017 Internet Hall of Fame A Chinese Internet pioneer has been inducted into the Internet Hall of Fame for his contributions to Internet technology, deployment and education in China and Asia Pacific.... read more
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| London tech start-ups visit China to explore new opportunity Eight of London's fastest-growing tech companies are in China this week in a drive to forge stronger trade links, win new business opportunities and show that London is open for business, London & Partners.... read more
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| Hong Kong-ASEAN FTA to enhance cooperation under Belt and Road Initiative: expert The upcoming signing of a free trade agreement between China's Hong Kong and ASEAN will further boost cooperation between the two sides under the Belt and Road Initiative.... read more
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| UAE's biggest industry zone signs agreement with China to boost trade Dubai Multi Commodities Centre, the biggest industry free zone in the United Arab Emirates, said on Tuesday that it has signed a deal with China to boost bilateral trade and economic ties.... read more
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| Bulgaria-China business forum held in Sofia A Bulgaria-China business forum that was held here on Tuesday drew representatives from some 50 companies and aimed to deepen bilateral ties between the countries.... read more
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| Finnish authorities to help promote Alipay Chinese digital payment platform Alipay has got the endorsement by Finnish authorities to promote the use of the paying method.... read more
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| German auto parts supplier Webasto opens new China sunroof plant Work began on a new factory for car sunroof maker Webasto Group on Tuesday in central China's Hubei province.... read more
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| Nestle, JD.com unveil China's 1st AI nutrition assistant Global food and beverage giant Nestle launched its own artificial intelligence (AI) product with Chinese e-commerce platform JD.com Tuesday, in a move to meet the demands of increasingly tech-savvy Chinese consumers.... read more
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| China's asset management industry slows expansion China's asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data.... read more
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| China's C919 jumbo jet receives new orders The orders for China's large passenger jet, the C919, reached 730 on Tuesday after four customers signed purchase plans with the maker.... read more
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| Private investment from China in 2017 outpaces 2016 figures Private investment from China to Ethiopia in 2017, up to September 5, has reached more than $680 million, outpacing full 2016 figures.... read more
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| China's asset management industry slows expansion amid tightened regulation China's asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data.... read more
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| Airbus eyes bigger presence in rapidly-growing Chinese market Airbus has planned to channel more energy into tapping the potential of the Chinese market, counting on the rapidly-growing emerging economy to bring fresh opportunities.... read more
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| China expects tourism boom for week-long holiday China is expecting a tourism boom for the upcoming National Day and Mid-Autumn Festival holidays, projecting double-digit growth in tourism revenue.... read more
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| Premier Li hopes for Singapore support in high-speed railway China hopes Singapore will support Chinese enterprises who wish to participate in the Singapore-Malaysia high-speed railway project, Premier Li Keqiang said on Tuesday.... read more
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| Intel expects Chinese tech to see growth Intel Corp said on Tuesday that it will step up efforts to grow its semiconductor manufacturing business in China, as the US chip giant brings advanced technologies to the country.... read more
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| Thermo Fischer opens precision medicine customer center NYSE-listed laboratory equipment provider Thermo Fisher Scientific Inc has launched a precision medicine customer experience center in Guangzhou as it eyes significant investments in China, its second-largest market.... read more
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| US summit on cross-border e-trade A group of Chinese and US experts on cross-border e-trade and financing gathered on Sunday to talk about how technology could improve collaboration and transactions between the world's two largest economies.... read more
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| China expects tourism boom for week-long holiday China is expecting a tourism boom for the upcoming National Day and Mid-Autumn Festival holidays, projecting double-digit growth in tourism revenue.... read more
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| Plot thickens for a 'lifestyle' chain with a difference Private investment is helping to fuel the boom in newlook Chinese bookstores.... read more
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| Shape of things to come with a distinctive twist of glamour State-owned Xinhua Bookstore Group plans to update its out-of-date shops to match a new breed of traditional outlets and online retailers.... read more
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| Students in Russia for forum on media As the 2017 China-Russia Forum: New Media-Youth Collaboration approaches, five university students are in Russia to work with 11 young partners there to prepare for the event.... read more
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| E-commerce key to BRICS nations' business ties E-commerce will become a new engine of business cooperation among BRICS countries to improve both regional and global economic growth.... read more
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| World's top 10 airlines by comprehensive competitiveness Three Chinese air carriers entered the list of the world's most competitive airlines, according to a ranking released by the World Air Stewardess Association.... read more
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| COFCO goes global to grow grain security COFCO Corp plans by 2020 to see 60 percent of its revenue contributed by overseas markets and control up to 50 million metric tons of foreign grain resources to ensure China achieves grain security.... read more
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| Project with Ukraine to bolster nation's aircraft engine capability China is working with Ukraine on an industrial park to build aircraft engines, a joint venture expected to extensively boost China's research, development and production capabilities in that area, according to project insiders.... read more
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| China eyeing fourth UK nuclear project Chinese nuclear power giant CGN said it is exploring a bid to invest in Toshiba's troubled $20 billion nuclear power station on the Cumbrian coast in northwestern England.... read more
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| Trump's China visit could result in new trade deal US President Donald Trump's forthcoming visit to China might lead to breakthroughs in trade and economic relations between the two countries and there is "a good chance" that the US will drop the 301 investigation against China.... read more
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| Bookstores open a new chapter Xinhua group explores ways to boost growth and improve customer service with internet-based ideas and style.... read more
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| Orders take off for C919 at air show The C919, China's first home developed large passenger plane, won another 130 orders from four domestic leasing companies on Tuesday, the largest number of orders since the successful debut flight of the aircraft in May.... read more
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| SAFE: US Treasury holdings up again China's holding of US Treasuries climbed to a 11-month high of $1.17 trillion in July, marking the sixth consecutive month of growth, along with the expansion of the foreign exchange reserve and a strengthened renminbi.... read more
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| Toys 'R' Us 'unaffected' by financial woes Leading US toy retailer Toys 'R' Us Inc's joint venture in China will be unaffected by the company's financial restructuring in the United States.... read more
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| Chinese investment breathes life into Welsh mining town Components for the new hybrid London black cab, designed by Chinese automaker Geely, will be manufactured at a factory in Bedwas, Wales, creating 130 jobs in the area.... read more
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| Reaching US$1t for 1st time Norway’s sovereign wealth fund, the largest in the world, yesterday reached the value of US$1 trillion for the first time, the Norwegian central bank, which manages the fund, said.... read more
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| Managed assets post slower rise China’s asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data.... read more
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| Intelligent vehicles deal inked Guangzhou Automobile Group Co Ltd and China's Tencent Holdings agreed to collaborate on intelligent and connected vehicles, according to an announcement from the automobile group last night.... read more
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| CGN eyes equity in UK’s NuGen China General Nuclear Power Corporation is bidding to make an equity investment in a planned British nuclear plant, the future of which was thrown into doubt earlier this year amid mounting financial woes... read more
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| Mid-size firms less rosy on revenue gain CHINA’S mid-sized enterprises are less confident about their revenue growth than their global peers, EY found in a survey yesterday. The EY Growth Barometer found that only 1 percent of Chinese respondents... read more
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| COMAC wins 130 orders for C919 jet ... read more
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| Bold steps called for Belt and Road Initiative As discussions continue around the Belt and Road (B&... read more
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| Regulators’ blow to virtual currency Banking regulators in Beijing and Shanghai have ordered local crypto-currency exchanges to shut down, in the latest blow to the once flourishing Chinese market for virtual money.... read more
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| Baosteel to buy rural bank stake SHANGHAI-LISTED Baoshan Iron & Steel Co will acquire a 10 percent stake in Shanghai Rural Commercial Bank Co for around 4.6 billion yuan (US$699 million) as it diversifies into banking, the steel producer... read more
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| Shares dip on weak sentiment SHANGHAI stocks slipped yesterday amid weak market sentiment as investors continued to be concerned over tightened supervision, while material, automobile and electronic components companies declined. The... read more
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| Toys ‘R’ Us files for bankruptcy ... read more
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| Apple’s iOS 11 set to revamp App Store Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.... read more
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