Economic review

PC, mobile woes take toll on Lenovo

2017-05-26 09:28:00

Contracting annual PC shipments and declining mobile phone sales cast a shadow over the outlook for Lenovo Group Ltd on Thursday, despite the technology giant reporting a profit turnaround in the 2016 fiscal year. Full Story

Airline alliance helps Chinese carriers extend reach around world

2017-05-26 09:22:00

Shanghai-based Juneyao Airlines announced Tuesday that it has become a Star Alliance "Connecting Partner," in a development that the airline hopes will help advance its global expansion plans. Full Story

DJI takes to skies again,with launch of new Spark drone

2017-05-26 09:19:00

Shenzhen-based group SZ DJI Technology Co, the world's biggest consumer drone maker, launched its new product, Spark, in New York on Wednesday, with key innovations it hopes will see the device take off in the burgeoning market. Full Story

Bike-sharing firms gear up for race

2017-05-26 09:18:00

Major online bike-sharing startups based in China are eagerly venturing abroad, even though challenges remain in areas such as localization and risk management, industry insiders said on Thursday. Full Story

ABC loans Volkswagen 500 mln euros

2017-05-26 09:08:00

The Agricultural Bank of China (ABC), one of the country's largest lenders, said Thursday it had issued a 500 million euro (560 million U.S. dollars) of loan to German car giant Volkswagen Group. Full Story

Chinese exports have little impact on U.S. steel industry: ministry

2017-05-26 08:59:00

The Ministry of Commerce (MOC) Thursday rejected U.S. claims that China is behind the global steel overcapacity, saying its exports have little impact on the U.S. steel industry. Full Story

China Eastern nurtures 'Aerial Silk Road' connectivity

2017-05-26 08:59:00

China Eastern Airlines, which operates 131 international routes to 45 cities in 21 countries located along the Belt and Road, plans to create an “Aerial Silk Road” to facilitate the nation’s initiative and help the carrier expand its global network. Full Story

China to further open auto sector to foreign investment

2017-05-26 08:58:00

China will further open its auto and other high-end manufacturing sectors to foreign investment, including automotive electronics and new energy vehicle batteries, an official with the commerce ministry said Thursday. Full Story

China mulling opening futures trading

2017-05-26 08:57:00

China is considering allowing foreign investors to trade domestic crude oil and iron ore futures as part of financial reforms, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said yesterday in Shanghai. Full Story

China to increase imports from U.S.

2017-05-26 08:46:00

China hopes to strengthen its economic and trade ties with the U.S. and plans to increase imports of energy, agricultural products, manufactured goods and services trade from the country. Full Story