Economic review

Chinese vice premier meets with Kissinger, key U.S. lawmakers

2018-05-17 13:40:00

Chinese President Xi Jinping's special envoy and Vice Premier Liu He on Wednesday met with former U.S. Secretary of State Henry Kissinger and some key U.S. lawmakers to discuss China-U.S. ties. Full Story

Little-known Shenzhen phone vendor beats Samsung in Africa

2018-05-17 13:38:00

Chinese mobile phone manufacturer Transsion Holdings surpassed South Korean conglomerate Samsung to become the top vendor in Africa in the first quarter of 2018, according to an industry report on Tuesday. Full Story

Soybean trade faces good prospects if disputes settled

2018-05-17 13:32:00

Total soybean exports from the United States to China would fall at least 20 percent for the 2017-18 marketing year, compared to a historic record of 36 million metric tons last marketing year, if the trade dispute between China and US cannot be solved in Full Story

Starbucks plans to triple revenue, double number of coffee shops by 2022

2018-05-17 13:30:00

U.S. coffee giant Starbucks Corp on Wednesday announced plans to more than triple its revenue and almost double the number of its stores in China over the next five years. Full Story

FDI into Chinese mainland dips in April

2018-05-17 13:23:00

Foreign direct investment (FDI) into the Chinese mainland dipped 1.1 percent year on year to 59.24 billion yuan (about 9.3 billion U.S. dollars) in April this year, data from the Ministry of Commerce showed Thursday. Full Story

Ctrip opens services in Japan

2018-05-17 13:21:00

China's leading online travel agency Ctrip said on Tuesday that it has rolled out localized products and services for users in Japan to tap the growing Asian tourism market. Full Story

Chinese Vice Premier Liu He meets Kissinger in Washington

2018-05-17 13:17:00

Chinese Vice Premier Liu He met with former Secretary of State Henry Kissinger in Washington on Wednesday. Full Story

Commercial banks bet big on fintech

2018-05-17 13:06:00

A growing number of Chinese commercial banks are setting up their own financial technology companies to explore a market-driven mechanism for development of the sector. Full Story

Sales rush leaves Hainan showrooms bare as curbs kick in

2018-05-17 11:19:00

Car dealerships in Haikou, capital of South China's Hainan Province, saw a surge in sales on Tuesday, after regulators announced rules that suspended the registration and transfer of license plates as of midnight on that day. Full Story

Chinese coffee chain Luckin Coffee sues Starbucks for market monopoly

2018-05-17 11:10:00

Luckin Coffee, a rising Chinese coffee brand, released an open letter on Tuesday, accusing Starbucks of unfair competition and market monopoly in the Chinese market. The company also decided to file a lawsuit against the international coffee tycoon. Full Story