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China / Business

Climbing the high-tech ladder

[2017-04-23 15:47]

The colorful, fragrant and refreshing spring is in full bloom in Changping district, 50 kilometers from downtown Beijing, but 27-year-old precision instrument engineering student Shao Meng, sporting a white cotton T-shirt and goggles, is busy in his apartment, seemingly more fascinated by the task of debugging the operating system of a "climbing robot".

Milestone is in the pipeline

[2017-04-23 15:47]

China Offshore Oil Engineering Co's go-global strategy will accelerate and reach another milestone in July.

Global giants back evolution plan

[2017-04-23 15:47]

There's a factory in Chengdu, Sichuan province which, should you want to visit, has a one month waiting list. The attraction is a successful realization of China's ambitious industrial evolution plan, Made in China 2025.

High-tech empowers cause of globalization

[2017-04-21 07:09]

Gregory Hayes, chairman and chief executive officer of United Technologies Corp, believes that globalization will not only increase trade among countries - but will also create global supply chain networks across developed and developing countries.

Facebook CEO Zuckerberg wants to augment your reality

[2017-04-21 07:09]

SAN JOSE, Califonia - Facebook wants you to sit in your bedroom wearing a headset and take a virtual vacation with faraway friends and family. Or use your smartphone's camera to spruce up your dinky apartment, at least virtually.

Vanke builds growth with Homelink

[2017-04-21 07:09]

Vanke, China's largest residential property developer by market value, plans to spend 3 billion yuan ($441 million) on purchasing shares of Homelink, as the developer is bullish about the Beijing-headquartered real estate agency's development prospects.

China may invest in multibillion dollar Aramco IPO

[2017-04-21 07:09]

HONG KONG/RIYADH/DUBAI - China is creating a consortium, including State-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the massive multibillion dollar initial public offering of Saudi Aramco, people with knowledge of the discussions said.

Tencent sees huge advances for AI in manufacturing

[2017-04-21 07:09]

China's manufacturing sector is set to climb the adoption curve of cloud computing and artificial intelligence this year, after the service industry reaped early gains from the internet, said Pony Ma, chairman of Tencent Holdings Ltd.

Wal-Mart aims big in Guangdong

[2017-04-21 07:09]

Wal-Mart Stores Inc will continue to increase its investment in Guangdong province, as it plans to add more than 40 new stores and one fresh food distribution center in the province in the next five years.

Maglev train production on track

[2017-04-21 07:09]

China's first 160 kilometer-an-hour magnetic levitation trains will be delivered this year - a breakthrough that will help accelerate the pace of developing a medium-to-low speed series of maglev family products, a leading rail sector executive said on Thursday.

Outbound M&As decline sharply in Q1

[2017-04-21 07:09]

Outbound mergers and acquisitions by Chinese mainland companies in the current year are expected to be far less active, although a rebound in intensity of the deals may come in 2018, according to a report released by international accounting and financial services giant PricewaterhouseCoopers on Thursday.

Rising tax revenues highlight overall improved economic outlook

[2017-04-21 07:09]

China saw faster growth of tax revenue in the first quarter of this year, reflecting the stable and improving momentum of the overall economy, data from the top tax authority showed on Thursday.

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