Beijing’s new airport opened by President Xi
Beijing – Having taken five years and more than 80 billion yuan (US$11 billion) to complete, Daxing International Airport was declared open in a short announcement by Xi on Wednesday, six days before the October 1 National Day holiday. The … Continue reading Beijing’s new airport opened by President Xi
Huawei denies plans to buy Brazilian carrier Oi
Shenzhen – Chinese telecoms giant Huawei Technologies has denied a local media report that it plans to acquire Brazilian carrier Oi SA in partnership with China Mobile. “Huawei has no plans or interest to acquire Oi or any other Brazilian … Continue reading Huawei denies plans to buy Brazilian carrier Oi
China cancels U.S. farm visits
Washington – A U.S. – China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington. Chinese officials were … Continue reading China cancels U.S. farm visits
LG Display’s struggle against Chinese rivals
Seoul – Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept … Continue reading LG Display’s struggle against Chinese rivals
China’s car market under pressure
Beijing – Car sales have fallen in all key regions, especially in China, the world’s biggest auto market. With concerns about the economy and stricter emissions rules looming, there is no end in sight for carmakers’ troubles. The biggest fall … Continue reading China’s car market under pressure