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High-tech, long-distance grid to boost renewables

[2018-01-23 07:45]

China's ultra-high-voltage direct current transmission technology has substantial potential in countries and regions participating in the Belt and Road Initiative, with related projects enabling long-distance, high-efficiency clean energy transmission.

French firm eyes more opportunities in China

[2018-01-23 07:45]

French payment processor Ingenico Group SA is gearing up for the expansion of its core business - cross-border e-commerce in China - and is set to look for more opportunities in emerging areas, including games, overseas education and the sharing economy, according to a senior executive of Ingenico ePayments.

Ice, snow firing up economy of nation's winter wonderland

[2018-01-23 07:45]

HARBIN - On a bitterly cold morning, the Songhua River flows quietly under a thick layer of ice. Suddenly, the peace is broken by the harsh sound of electric saws. Liu Changyi and his peers are cutting giant blocks of ice from the frozen river. Each block weighs hundreds of kilograms and has a uniform size of 1.6 meters long, 0.8 meter wide and 40 or 50 centimeters thick.

Domestic formula firm posts loss

[2018-01-23 07:45]

Chinese infant formula producer and distributor Beingmate Baby & Child Food's disappointing financial reports with numbers far worse than originally forecast could trigger a possible acquisition by New Zealand-based Fonterra Cooperative Group, according to industry experts.

Stocks extend rally on Shanghai, Shenzhen bourses

[2018-01-23 07:45]

BEIJING - Equities extended their rally on Monday, with the blue-chip Shanghai index scaling a 31-month high, helped by gains in defense, consumer and healthcare firms as well as a boost from technology shares. The blue-chip CSI300 index rose 1.19 percent, while the financial sector sub-index was lower by 0.15 percent. The consumer staples sector rose 3.88 percent, the real estate index by 0.85 percent and healthcare sub-index by 1.77 percent.

Wanda close to selling two luxury assets in Australia

[2018-01-23 07:45]

BEIJING - Wanda Hotel Development Co has corrected a statement that last week appeared to contradict an English-language version of an announcement by the unit of billionaire Wang Jianlin's entertainment conglomerate.

Sweet spot in economic transition

[2018-01-22 07:22]

BEIJING - With a string of encouraging data, China's economy kicked off 2018 on a positive note, adding to optimism among international financial institutions about the world's second-largest economy.

Baijiu distiller in Sichuan sees heady times ahead

[2018-01-22 07:22]

2017 was a boom year for the liquor market in China, with Chengdu, Sichuan-based baijiu distiller Shuijingfang Liquor Industry Co Ltd among the prominent gainers.

E-commerce revives China's classic brands

[2018-01-22 07:22]

Wearing costumes to look like ancient Chinese, two live-streaming artistes, armed with a microphone headset each, chat with fans in a live sales promotion on Tmall, a Chinese online marketplace.

Developers seek to borrow abroad

[2018-01-22 07:22]

China's property developers are likely to continue to borrow significantly from overseas markets as China's lending market is tight and the cost of borrowing is rising.

Yuan may rise more on weaker US dollar

[2018-01-22 07:22]

The yuan may rise further this year due to a weakening US dollar and on the back of solid fundamentals of the Chinese economy, analysts said.

Hunan strives for new models to develop its rich water resources

[2018-01-20 10:04]

Central China's Hunan province is exploring a new mode of development, with a focus on improving its ecology and water navigation conditions.

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