Bank of Communications Co Ltd posted 4.61 percent net profit growth year-on-year in the first half of this year, hitting a record high since 2015.
Meituan-Dianping, an online food delivery and booking platform, is said to have won approval from the Hong Kong stock exchange for its planned IPO, in what would be the second listing under the city's new dual-class share system.
Alibaba Group Holding Ltd saw its shares tumble 3.16 percent in New York on Thursday to close at $172.23, as the Chinese internet giant reported its first profit slide in several quarters despite top-line revenue growth.
The United States imposed 25 percent tariffs on $16 billion of Chinese goods on Thursday, forcing China to retaliate and impose tariffs on US goods of equal value.
THE EUROPEAN COMMISSION recently issued A European Strategy for Plastics in a Circular Economy. Beijing News comments:
ACCORDING TO OFFICIAL news, some netizens have submitted clues about websites such as Shotazone spreading pornographic pictures and videos of underage persons. An investigation is now underway. Gmw.cn comments:
POLICE IN SHAOXING, East China's Zhejiang province, recently uncovered a case in which a listed technology company based in Beijing stole more than 3 billion pieces of personal information from 96 internet enterprises nationwide, including big names such as Baidu, Alibaba and Tencent. Beijing News comments:
The Australian government's decision to ban Chinese telecom giants Huawei and ZTE from its 5G network is disappointing as well as poisonous to bilateral cooperation. The ill-advised move again casts a shadow over bilateral ties, which had been showing some signs of improvement recently.
The talks between China and the United States in Washington this week prompted sighs of relief despite the fact that they are unlikely to put an end to the trade tensions between the two countries.
Editor's note: Rapidly rising rents have become one of the hottest topics of discussion in China. According to data from realty agencies, the average rent in Beijing increased 21.89 percent in July compared with June. Two experts share their views on house rents and the property market with China Daily's Zhang Zhouxiang:
The tariff war the United States has launched against China shows no sign of abating, as the Donald Trump administration made good its threat to impose 25 percent tariff on another $16 billion worth of Chinese imports on Thursday. Instead, since the US has threatened to slap tariffs on $500 billion worth of Chinese goods, or on almost all Chinese imports, the trade conflict seems set to intensify.
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