Policy

China to cut logistics costs by 40-50 bln yuan this year: MOT

China expects to slash logistics costs further by 40 billion to 50 billion yuan (5.8 billion to 7.3 billion US dollars) this year. 

Guangzhou to ban 'yellow label' cars from road

"Yellow label" vehicles will be banned from the road in southern China's Guangzhou city starting May 1.

New law to boost China's film industry takes effect

The first set of laws and regulations targeting China's cultural industry officially came into effect on March 1.

China mulls financial incentives for second child

China is considering financial incentives to encourage couples to have a second child, an official said at a social welfare conference on Saturday.

China to build 30,000 new kilometers of railway before 2020

The total mileage of China's domestic railway system is expected to grow by 30,000 kilometers before 2020, the country's transport minister Li Xiaopeng said at a press conference on Monday.

 

Market

Landscape of Chinese premium car market changes

Mercedes-Benz dethroned Audi as the king of premium cars in China in January. BMW came second with sales of 51,300 cars.

Eight new cars to hit market this week

Eight new cars will come into the market this week. Among them include the all-new BMW 1 Series Sedan, new Buick GL8, BYD Tang 100, Qin 100, new Chevrolet Camaro RS, and new Land Rover Discovery.

Beijing to switch to Beijing VI standard-compliant fuel on March 1

Beijing will start using fuel compliant with the city's VI standard on March 1.

80 pct foreign companies optimistic about China

Nearly 80 percent of foreign companies are optimistic about the Chinese economy, according to a survey released Wednesday.

Three Gorges Project generates 1 trillion kwh of electricity

The Three Gorges power plant, the world's largest hydropower project, has generated 1 trillion kilowatt-hours (kwh) of electricity following 14 years of operation.

 

Companies

OP Financial, Magsun to support conventional industries

OP Financial Investments Ltd. and Hangzhou (China) Magsun Investment Co., Ltd. announced Sunday in Shanghai the establishment of an investment fund of 3 billion yuan (436 million US dollars), to support conventional industries.

Geely, Proton likely to reach a deal by June

Zhejiang Geely Holding Group and Proton Holdings Bhd are expected to enter into a deal by June, with an agreement expected to be inked in April as the soonest.

How a small startup helps over 1,000 expats adapt to new life in China

Over the past two years, LAOWAI HERE has offered Expat Life Services to over 1,000 foreigners relocating to or already residing mainly in Chengdu, and also in Beijing, Shanghai and Guangzhou.

Foxconn's 8.8 bln USD plant breaks ground in Guangzhou

Tech giant Foxconn started construction of a liquid-crystal display (LCD) plant in south China's Guangzhou city Wednesday, with an investment of 61 billion yuan (8.8 billion US dollars) for the first phase.

CC Land to buy London's 'Cheesegrater'

Chinese firm CC Land confirmed it is in talks to buy the tallest building in City of London for 1.02 billion pounds (1.26 billion US dollars).

 

Investment

Keywords for future world economy: downturn, structural changes and inflection points

Zhu Min, Chinese economist and former Deputy Managing Director of the International Monetary Fund, shares his observations concerning the world economy development in next decade.

Chinese company to invest in coking coal project in Mozambique

The China Brazil Xinnenghuan International Investment (CBSteel) plans to invest 1.3 billion US dollars to build a plant in Nacala to transform coal into coking coal.

Highest-profile Belt and Road forum to be held in Beijing

Beijing to host a forum on the China-led Belt and Road Initiative in May, which was announced by President Xi at the World Economic Forum (WEF) in Davos.

Belt and Road helps to develop maritime ports: UAE official

Al-Shamsi said ports of Abu Dhabi have "the best developed infrastructure in the region" linking East and the West.

Rising dairy prices, China buoy up New Zealand exports

Rising dairy prices and sustained demand from China helped offset New Zealand's trade deficit last month, the government statistics agency said Tuesday.

 

Chengdu Opening-up

CR Express north route starts debut trip

41 containers carrying Geely automobile parts were sent Wednesday onboard China Railway Express from Chengdu to Minsk, marking the debut trip of a north route by China Railway Express from Chengdu to Europe.

Chengdu tribunal for intellectual property commences operation

Chengdu tribunal for intellectual property commenced operation Tuesday, in Tianfu New Area, Southwest China's Sichuan Province, an initiative expected to create sound environment for innovation and entrepreneurship in the area.

Sichuan partners with Alibaba, Ant Financial

Southwest China's Sichuan Province signed a cooperative agreement Sunday with Alibaba Group and Ant Financial.

In Madrid, paper and shadows draw Chengdu closer

Chengdu Week was held in Madrid in January as a major activity of the 2017 Happy Spring Festival in Spain, offering locals a feast of typical cultural elements from the metropolis in Southwest China.

 

Email: gaohan@nbd.com.cn