Foreign firms optimistic about China market

BEIJING - Foreign-invested companies have voiced optimism about the Chinese market, stressing its irreplaceable role in their businesses and pledging further investment in the world's second-largest economy.

Colorado clothing company underscores Sino-US business cooperation

BOULDER - When Rhonda Swenson - founder and CEO of boutique women's clothing business Krimson Klover - first went to Shanghai in 1984, China's biggest city "had mostly bicycles" on its streets, and "Pudong was just a big field".

Interest rate policy on housing loans on the mainland to change from Oct 8

BEIJING - China's housing market is expected to make a smooth transition toward the use of the loan prime rate, or LPR, as the new benchmark for setting the interest rate on newly issued commercial individual housing loans.

Gulf tensions ratchet up further at UN

Iranian President Hassan Rouhani has urged the United States to "cease this policy of maximum pressure" on his nation while the US announced plans to deploy more troops to the Persian Gulf region, indicating that the battle between the two countries will be a long one, said a Chinese expert.

DPRK urges bold move to revive nuclear diplomacy

SEOUL - The Democratic People's Republic of Korea said Friday that it wants US President Donald Trump to make a "wise option and bold decision" to produce a breakthrough in stalled nuclear diplomacy, in an escalation of pressure on the United States ahead of an expected resumption of talks.

White House accused of cover-up

The whistleblower's complaint that sparked an inquiry into US President Donald Trump's phone call with his Ukrainian counterpart took center stage on Thursday during a heated congressional hearing.

GM strike talks bog down on pay

Auto dealers and customers across the United States are feeling the crunch of the continuing strike by United Auto Workers, or UAW, against General Motors, as parts for routine repairs are becoming increasingly difficult to find.

IN BRIEF (Page 9)

'One world, two systems not feasible'

Ren Zhengfei, founder of Huawei Technologies Co Ltd, on Thursday expressed strong opposition to the idea of "one world, two systems" and said the Chinese tech giant will never be a closed company despite the US government restrictions against it.

Carrier to pilot 5G trials at new airport

Shanghai-based China Eastern Airlines will become the first carrier globally to use 5G networks after it starts pilot operations for the same at the newly opened Beijing Daxing International Airport. Such a move will help the airline to provide smarter services such as facial recognition for check-ins and boarding.

Challenges abound, China still a pillar for EU firms

Higher investments in China will help European companies to offset tariff impacts arising from trade tensions and evade downside risks from global economic headwinds, said a top industry official from Europe.

Beijing proves big draw for high-end technology, manufacturing enterprises

Beijing has made significant progress in its efforts to be the center for high-end manufacturing and cutting-edge research in China, judging by the success of some leading companies in the capital city.