Economic review

Cargo train services launched between Hamburg, central China's Yichang

2017-11-21 11:08:00

Cargo train services have been launched between Yichang in central China's Hubei Province, and Hamburg, Germany. Full Story

Bluegogo's failure renews bike share deposit debate

2017-11-21 10:40:00

With China's third-largest bike-sharing start-up Bluegogo now going bankrupt, the company's clients are finding it difficult to retrieve their deposits, reports the Beijing Times. Full Story

Millennium BCP, UnionPay sign agreement

2017-11-21 10:33:00

Fosun-backed Portuguese Millennium BCP has signed an agreement with China's national electronic payments clearing system UnionPay to develop a mutual business, Fosun International said on Monday. Full Story

Home comfort for new buyers

2017-11-21 10:27:00

While buying a home is widely seen as a sign of providing yourself with a stable and sound living environment, the government is issuing new policies that prohibit home buyers from potential risks. Full Story

New energy investment group forms

2017-11-21 10:12:00

A new energy investment group was officially established on Monday through a merger of top coal miner Shenhua Group and utility giant China Guodian Corp. Full Story

U.S. Fed chair Yellen to step down once successor swears in

2017-11-21 10:08:00

U.S. Federal Reserve Chair Janet Yellen said on Monday she would step down as Fed governor once her successor swears in. Full Story

Coolqi's deposit refund site shifts from Beijing to Chengdu

2017-11-21 10:07:00

Bike-sharing platform Coolqi has moved its deposit refund site from Beijing to Chengdu, capital of Southwest China's Sichuan Province. Full Story

Alibaba places $2.8 bln bet on 'new retail' amid saturated markets

2017-11-21 10:01:00

Alibaba Group announced on Monday that it would invest about $2.88 billion into one of China's largest grocery operators as part of a broader drive to integrate traditional offline and online retailing and create a "new retail" environment. Full Story

China builds world's fastest wind tunnel to test weapons: report

2017-11-21 09:51:00

China is building the world's fastest wind tunnel to simulate hypersonic flight at speeds of up to 12 kilometers per second, which would enable a hypersonic flight from China to the west coast of the U.S. in less than 14 minutes. Full Story