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Xiaomi net profit surges and eyes more g...
Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan (about 275.59 million U.S. dollars). The company puts global expansion as a priority in 2019. For the
China's new yuan loans expand in Februar...
China's new yuan-denominated loans stood at 885.8 billion yuan (about 131 billion U.S. dollars) in February, up 46.5 billion yuan year on year, central bank data showed Sunday. In the first two month
Victoria's Secret to close 53 stores in ...
U.S. lingerie giant Victoria's Secret announced recently that it is planning to close 53 stores this year, due to declining sales. Its parent company L Brands said Wednesday that the fourth-quarter t
China-Europe freight trains make 14,000 ...
Containers are loaded onto a China-Europe freight train in Zhengzhou City, central China's Henan Province. (Xinhua/Li An) The China-Europe freight rail service network, a crucial part of the Belt a
Chinese banks post forex settlement defi...
China's commercial banks saw a net forex settlement deficit of 101.3 billion yuan (around 15 billion U.S. dollars), in February, the country's forex regulator said Monday. This reversed a surplus of
China amends regulations to promote cros...
China has amended its regulations on the capital management of transnational companies, according to the State Administration of Foreign Exchange (SAFE). The new regulation will help promote the libe
Chinese supercomputer manufacturer Sugon...
TIANJIN, March 16 (Xinhua) -- China's leading supercomputer manufacturer Dawning Information Industry Co. Ltd., or Sugon, posted a year-on-year growth of 43.89 percent in revenue last year, the compa
Duty-free sales soaring in Chinese resor...
China's popular resort island of Hainan recorded strong sales growth for its offshore duty-free shops during the week-long Spring Festival holiday that ended Sunday. The four duty-free shops in the
China welcomes MSCI decision on A-share ...
China's top securities regulator said Friday that it welcomes to significantly increase the weight of A-shares in its global indexes. The move represents the recognition of China's efforts in reformi
China forges ahead with consumption upgr...
China's consumption is expected to maintain solid growth momentum in 2019, signaling its key role in the country's economic development, according to statistics. Goods consumption has gained 9.0 perc
Intel says its 5G modem chips will not a...
Sandra Rivera, who oversees Intel's networking chip business, said at a media event in Palo Alto, California, that sample 5G modem chips will ship to customers this year but that Intel does not expec
