Distiller sets up fund to preserve cultural heritage

Sichuan-based Shuijingfang Liquor Industry Co Ltd, one of the country's major rice wine distillers, last month set up the first fund in the industry for intangible cultural heritage protection in Chengdu.

HK textile and garments supplier helps pave way out of poverty

Hong Kong-headquartered textile and garments supplier Profits Fund Global Holding Ltd donated 333 hectares of mulberry trees to a county in Sichuan province, alleviating local poverty by developing organic silkworm growing, also known as sericulture.

IN BRIEF (Page 18)

US leather sector wary about tariffs

US hide and skin processors are concerned that the trade dispute between the United States and China may hurt their ability to compete globally, as the industry largely depends on foreign markets.

IRobot to further tap domestic market

With an eye to making China one of the largest markets for its robotic home vacuums, iRobot, a US consumer robot manufacturer, says it welcomes China's fast paced robotic development and is eager to leverage that by investing more in research and development.

Car battery manufacturers see losses, cite lower subsidies

Major Chinese automobile-related electric battery firms reported annual losses in 2017, though upstream material producers made handsome profits.

EU trade official blasts US tariffs

STRASBOURG - European Union Trade Commissioner Cecilia Malmstrom told reporters recently that US tariffs imposed on steel and aluminum are distorting global trade and may undermine global economic growth.

Fed survey finds worries over restrictions' impact

WASHINGTON - The Federal Reserve's latest national survey has found that US businesses are growing increasingly concerned about the impact higher tariffs could have on their companies and the overall economy.

Chipmakers seek new edge

Artificial intelligence and the cloud-based internet of things are two major areas where China's homegrown chips have a good chance of competing with global players, industry experts said.

Insurance would boost sharing economy

The introduction of business insurance protection will allow sharing economy platforms in China to flourish, according to industry specialists.

Image-conscious young men driving beauty industry growth

China's post-95 generation, who were born between 1995 and 1999, spend more on beauty and cosmetics products than other age groups, and the consumption of masks, skin care products and face cleansers for men is expected to usher in explosive growth in the sector, according to a new report.

Grabbing profit opportunity in claw machines with both hands

Sometimes, business can be fun when fun is the business. Operators of claw doll grabber machines in China will probably agree.