National English contest heightens affection for China

"My friend has left the west

JD plans listing of logistics business

JD Logistics, the logistics unit of China's second-largest e-commerce player JD, is raising funds for eventually going public as an independent company, said Liu Qiangdong, founder and CEO of JD.

IN BRIEF (Page 18)

Leshi seeking stakes in Jia's car ventures

Leshi Internet Information& Technology Corp, the listed arm of Chinese internet conglomerate LeEco, told an investor briefing on Tuesday that it is seeking to acquire equity stakes in the car businesses of its largest shareholder, Jia Yueting, to ensure the units repay the outstanding debt they owe it.

BAIC plans backdoor listing of EV subsidiary

SHANGHAI/HONG KONG - China's State-backed Beijing Automotive Group (BAIC) will take its electric vehicle unit public by injecting it into another listed subsidiary, boosting its financial muscle as the battle for the country's fiercely contested green energy car market heats up.

Nuclear giant ramps up mining of uranium in Namibia

The Namibian Husab Uranium Mine operated by China's State-owned China General Nuclear Power Corp had produced over 1,000 metric tons of uranium oxide in 2017.

High-tech, long-distance grid to boost renewables

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

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

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

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

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

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.