Huawei opens flagship store in Kuala Lumpur Twin Towers oil

Huawei opens flagship store in Kuala Lumpur Twin Towers oil

Chinese Huawei Technologies Co. Ltd opened a flagship store in Kuala Lumpur Twin Towers oil in the city center (KLCC) Wednesday. It is a symbol of improvement of Huawei products in the Malaysian market. This is Huawei’s third flagship store in Malaysia and also the first Chinese store in KLCC, landmark of the city. China […]

BMW, China’s Brilliance extend contract term

BMW, China’s Brilliance extend contract term

German car maker BMW Group and its Chinese partner Brilliance Auto have agreed to extend the term of their joint venture contract to 2028. The contract extension will lay a solid foundation for BMW’s further development in China, Friedrich Eichiner, chief financial officer and group board member, said in Beijing on Wednesday. The group also […]

China’s SOEs more profitable in 1H

Profits of China’s state-owned enterprises (SOEs) grew faster in the first half of this year from a year earlier. Combined profits of SOEs administered by both central and local authorities increased 8.9 percent year on year to 1.22 trillion yuan (198 billion U.S. dollars) in the year half, the Ministry of Finance (MOF) said on […]

China breaking Latin alphabet’s domain name monopoly

Chinese-speaking Internet users are increasingly able to type the address of a website into a browser using Chinese characters rather than the Latin alphabet. On Thursday, the China Internet Network Information Center (CNNIC)formally launched two top-level domain names using Chinese characters, the Chinese parallels to “.com” and “.net.” The Chinese domain names were approved in […]

China’s LED industry brightens up

China’s growing demand for greener illumination gave the country’s light emitting diode (LED) makers an easy time this year with good profits in the first half of 2014. Of 38 listed LED makers to publish semiannual financial results, 31 reported improved performance. The net profits of 12 companies grew by more than 50 percent. HC […]

China’s industrial production recovers in H1

China’s industrial production recovers in H1

China’s industrial production growth quickened in the first half of 2014, showing signs that the world’s largest “workshop” is warming up. The National Bureau of Statistics (NBS) said on Wednesday that value-added industrial output in the country expanded 8.8 percent year on year in the January-June period, accelerating from an 8.7-percent increase in the first […]

China strengthens IPR cooperation

China and the World Intellectual Property Organization (WIPO) vowed on Friday to improve cooperation on protection of intellectual property rights (IPR). The pledge was made during a meeting between Chinese Premier Li Keqiang and WIPO Director-General Francis Gurry. Gurry is here for Thursday’s opening of a Beijing WIPO office, one of only four globally. China […]

OECD revise up British economic growth

The Organization for Economic Cooperation and Development (OECD) on Tuesday sharply upgraded its growth forecast for Britain in 2013 and 2014, while revising down global economic growth estimates by a big margin. In its latest Economic Outlook report, the OECD said the British economy would grow by 1.4 percent this year and 2.4 percent in […]

Xi stresses innovation in revitalizing old industrial bases

Chinese President Xi Jinping recently stressed innovation-powered development in the revitalization of old industrial bases in northeast China and other regions. Xi, who is also general secretary of the Communist Party of China Central Committee, took an inspection tour to northeast China’s Liaoning Province from August 28 to August 31. During the tour, Xi underlined […]

China’s manufacturing sees hefty rebound in Aug.

China’s manufacturing sees hefty rebound in Aug.

China’s manufacturing sector saw a strong recovery in August, offering further signs that the world’s second-largest economy is moving out of the shadows of a protracted slowdown. The Purchasing Managers’ Index (PMI) for the manufacturing sector rose to 51.0 percent in August from 50.3 percent in July, marking the second monthly expansion in a row, […]