Economic review

China's ZTE launches foldable double-screen smartphone in Spain

2018-02-14 10:58:00

Chinese multinational telecommunications company ZTE launched its new smartphone AXON M in Spain at an event held in Madrid late Tuesday. Full Story

Chinese firms forecast to sell more dollar bonds

2018-02-14 10:57:00

Chinese companies are expected to raise more funds in the global dollar bond market this year after robust issuance in 2017, even as inflation fears trigger speculation that major central banks might raise interest rates more aggressively. Full Story

Huawei awarded tenders to distribute fiber optics service in Lebanon

2018-02-14 10:51:00

Lebanon's telecommunications service provider Ogero announced on Tuesday that China's Huawei, along with two other foreign technology firms, was awarded tenders to distribute fiber optics service in the country. Full Story

Ant Financial 'to raise $5 bln'

2018-02-14 10:47:00

Ant Financial Services Group, the financial arm of technology company Alibaba Group, is planning to raise up to $5 billion in its latest series of fundraising, the Wall Street Journal reported on Tuesday. Full Story

Mercedes-Benz to recall 20,779 cars in China

2018-02-14 10:41:00

Mercedes-Benz (China) will recall 20,779 vehicles in China over faulty seat belts, according to China's top quality regulator. Full Story

Chinese banks bid for Germany lender

2018-02-14 10:38:00

Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among the potential bidders for German transport finance lender DVB Bank, three sources familiar with the matter said. Full Story

Didi partners with SoftBank into Japan market

2018-02-14 10:31:00

China's Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services. Full Story

Mexican bank seeks Chinese partners for project finance

2018-02-14 10:29:00

Mexican banking and financial group Interacciones is looking to work with Chinese companies on financial backing for infrastructure, energy and transport projects in Mexico, according to the group's general director Carlos Rojo. Full Story

Govt tightens oversight of insurers' overseas financing

2018-02-14 10:27:00

China has tightened its regulation of the country's insurers' overseas financing activities, aiming to reduce their capital leverage and prevent the illegal transfer of onshore assets to overseas markets. Full Story

HNA Group selling assets to raise cash

2018-02-14 10:24:00

Domestic conglomerate HNA Group is now selling off real estate assets to raise cash, leading observers to speculate that the company is having financial problems amid a push by the Chinese government to reduce leverage in the economy. Full Story