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Business

New iPhone may prove too costly

[2017-09-14 07:13]

Apple Inc unveiled its most advanced iPhone on Wednesday, whose design is impressive enough to spark enthusiasm but its high price tag may prevent Chinese consumers from opening their wallets, analysts said.

China planning nationwide use of biofuel by 2020

[2017-09-14 07:13]

China has for the first time set a targeted timeline to roll out the use of ethanol in gasoline nationwide for cars by 2020, part of its efforts to clean up pollution and optimize the country's energy mix.

Reform, mergers make Baowu bigger, stronger

[2017-09-14 07:13]

China Baowu Steel Group, the nation's largest steelmaker, plans to merge more iron and steel companies amid the central government's deepening of State-owned enterprise reform.

Samsung eyes China comeback

[2017-09-14 07:13]

Samsung Electronics Co Ltd hopes to regain consumer confidence and rejuvenate sluggish sales in China after the Note 7 debacle, with the launch of its latest premium smartphone Galaxy Note 8 on Wednesday.

Company ensures workers are smoothly transferred

[2017-09-14 07:13]

In the process of eliminating overcapacity, China Baowu Steel Group has taken steps to ensure surplus employees can smoothly exit the company either to new jobs or early retirement.

African market remains major attraction for Chinese firms

[2017-09-14 07:13]

Chinese investors remain enthusiastic about investing in the African market despite frustrations and challenges coming from unexpected restrictions, misunderstandings and cultural conflicts.

What's news

[2017-09-14 07:13]

GOVT AND POLICIES

Mix will firm up concrete industry

[2017-09-14 07:13]

The upcoming merger between two State-owned building materials manufacturers - China National Building Materials Group Corp and China National Materials Group Corp - will give the new entity a clear edge, especially in the cement business, over other global peers, experts said on Wednesday.

Closer ties with ASEAN expected

[2017-09-13 08:19]

China and ASEAN member countries expressed support on Tuesday for closer economic and trade cooperation in a wide range of sectors, ranging from traditional industrial capacity to high-tech innovation.

State Grid vows to wrap up reforms

[2017-09-13 08:19]

State Grid Corp of China, the nation's electric power giant, has pledged to complete key internal corporate reforms by November, as part of its efforts to make the utility company more streamlined, efficient and market-focused.

New pipeline to boost energy diversification

[2017-09-13 08:19]

China is expected to import 30 million metric tons of crude oil from Russia annually starting from next year through two transmission pipelines between the two countries, in the latest step to guarantee China's energy diversification.

Alipay rolls out 'Word of Mouth' software

[2017-09-13 08:19]

Koubei, a restaurant review and local services platform under Alipay, rolled out its standalone mobile app on Wednesday, as it elbowed its way into China's red hot online-to-offline commerce industry, which is now worth hundreds of billions of dollars.

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