Saudi Aramco shifts strategy to boost oil sale
Dubai/Beijing – Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.It reflects a new strategy for the Saudi Arabian oil … Continue reading Saudi Aramco shifts strategy to boost oil sale
Audi considering China joint venture stake increase
Ingolstadt – Volkswagen’s premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand’s China chief Alexander Seitz said on Thursday. “At the end of this year or beginning next year … Continue reading Audi considering China joint venture stake increase
China, Indonesia ground Boeing 737 MAX 8
Beijing – China, Ethiopia and Indonesia have grounded all Boeing 737 MAX 8 aircraft while a number of airlines across the world are carrying out safety measures on the jets following the Ethiopian Airlines crash on Sunday that killed all 157 people on board. On … Continue reading China, Indonesia ground Boeing 737 MAX 8
Huawei at MWC: 5G Live Networks and Foldable Phones
Barcelona – Huawei kicked off this year’s Mobile World Congress with its Day0 Forum in Barcelona. With the theme of building a fully connected intelligent world, the forum included industry insights of the latest trends. At the 5G is ON … Continue reading Huawei at MWC: 5G Live Networks and Foldable Phones
Nokia: 5G will not be delayed by ban on Chinese suppliers
Barcelona – Nokia does not expect the possible exclusion of Chinese companies on security grounds to delay the rollout of next-generation 5G services in European markets, CEO Rajeev Suri told Reuters. Debate is raging in Europe over whether to heed … Continue reading Nokia: 5G will not be delayed by ban on Chinese suppliers
China-U.S. trade talks ‘making a final sprint’
Shanghai – Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress. Xi made the comments at a … Continue reading China-U.S. trade talks ‘making a final sprint’
Xinjiang foreign trade with B&R countries rises
Urumqi – The foreign trade volume between northwest China’s Xinjiang Uygur Autonomous Region and countries along the Belt and Road (B&R) totaled about 291.5 billion yuan (43 billion U.S. dollars) in 2018, up 13.5 percent year on year. The figure … Continue reading Xinjiang foreign trade with B&R countries rises
Northern China: Pollution up 16 percent
Shanghai – Air pollution in 39 major northern Chinese cities rose 16 percent on the year in January, official data showed, with surging industrial activity making it increasingly unlikely they will meet their winter emissions targets. Average concentrations of small, … Continue reading Northern China: Pollution up 16 percent
China remains export hub for Volvo Cars
Beijing – “China is still an export hub for Volvo Cars. Currently, the majority of cars sold in China were built in China, it’s a very good degree of localization,” Hakan Samuelsson, the company’s president and chief executive told Chinese … Continue reading China remains export hub for Volvo Cars
Emirates Codeshare with China Southern Airlines
Dubai/Guangzhou – Emirates and China Southern Airlines (IATA code: CZ) have signed a Memorandum of Understanding (MoU) to progress a comprehensive reciprocal codeshare agreement, which is set to open up new destinations for passengers travelling between China and the Middle East … Continue reading Emirates Codeshare with China Southern Airlines