Japan and China plan global cooperation
Tokyo – Japan and China are considering signing a “fifth political document” during Chinese President Xi Jinping’s planned visit to Japan next spring, sources familiar with the matter. They will become countries that can cooperate on important global issues such … Continue reading Japan and China plan global cooperation
Alibaba beats quarterly revenue estimates
Beijing – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses. The results come as the company gears up for its annual … Continue reading Alibaba beats quarterly revenue estimates
China’s state telecoms launch 5G services
Beijing – China’s three state telecoms on Thursday announced the roll-out 5G mobile phone services, marking a key step in Beijing’s ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China … Continue reading China’s state telecoms launch 5G services
Forum underscores green Belt and Road development
Beijing – Officials and experts agreed that green development is essential to the Belt and Road Initiative, and they are calling for more concrete and coordinated efforts among countries involved in the initiative at the 4th Annual Forum of the … Continue reading Forum underscores green Belt and Road development
Tesla starts selling China-made Model 3
Beijing/Shanghai – U.S. electric vehicle maker Tesla (TSLA.O) started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended … Continue reading Tesla starts selling China-made Model 3
China has plans for aerospace plane
Beijing – China announced that it has taken an important step forward in its plans to develop a two-part aerospace plane that could one day deliver much heavier payloads into space than the space shuttle. The wind tunnel experiment successfully … Continue reading China has plans for aerospace plane
EU: No fast trade deal with China
Beijing – The European Union is in no rush to seal a major trade deal with China despite Beijing saying good progress had been in the talks, an EU spokesman said after a meeting between top officials on Thursday. The … Continue reading EU: No fast trade deal with China
U.S. suspends first phase of China Tariff hike
Washington – U.S. President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before … Continue reading U.S. suspends first phase of China Tariff hike
Timetable set for high-speed rail-connected cities
Beijing – Twelve provinces and autonomous regions have set a timetable to connect all their cities with high-speed rail after East China’s Fujian province became the first to achieve that in September, Economic View reported. Jiangsu province, also in East … Continue reading Timetable set for high-speed rail-connected cities
Chinese increasingly use WeChat Pay when traveling
Shenzhen – Leading Chinese social media and mobile payment platform WeChat reported robust overseas payment transactions during the National Day holiday as more and more Chinese users travel abroad. Japan posted the largest number of WeChat payment transactions during the … Continue reading Chinese increasingly use WeChat Pay when traveling