Monthly Archives: November 2019

Xiaomi sees robust growth in European smartphone market: report

 rnBEIJING – Chinese tech firm Xiaomi saw robust smartphone sales growth in the European market in the third quarter of the year, according to a report by global technology market research firm Canalys.rnXiaomi had a market share of 10.5 percent with handset shipments reaching 5.5 million units in Q3, up from 3.2 million units in… Read More »

Stabilizing economic fundamentals a top priority

 rnThe economy still faces downward pressure from perspectives of demand and production and stabilizing economic fundamentals remains a top priority in the near-term, information provider eastmoney.com reported, quoting a research note from Huatai Securities.rn2020 is critical to securing a decisive victory building a moderately prosperous society in all respects.rnPolicy stimulus variables might be strong during… Read More »

Huawei continues growth in key sectors

 rnHuawei Technologies Co said on Monday it has posted strong growth in tablets, smart watches and smartphones this year, despite US government efforts to curb its progress.rnAt a product launch event in Shanghai, held shortly after the company outgrew Apple Inc to become the largest vendor of tablets in China, Huawei also unveiled a premium… Read More »

TaiKoo Li Sanlitun introduces Happy Hour 2.0

 rnFashion landmark TaiKoo Li Sanlitun is presenting a new concept, “Happy Hour 2.0″, to encourage more consumers to shop, dine out and enjoy their leisure time by extending operating hours, jumping on the night economy bandwagon.rnTaikoo Li Sanlitun, situated in the heart of the capital’s Chaoyang district, is an iconic, trendy shopping center with 19… Read More »

China mounts fight against illegal virtual currency trading

 rnBEIJING – China has been cracking down hard on illegal transactions related to virtual currency trading, the Economic Information Daily reported Monday.rnThe country’s financial regulator has demanded all-around inspection and solving of illegal actions involving speculation in virtual currency using the concept of blockchain, the newspaper said, quoting a source close to the Office of… Read More »

Chinese star-rated hotels generate 93.8b yuan in first half of 2019

 rnBEIJING – Chinese star-rated hotels brought in total revenue of more than 93.8 billion yuan ( $13.3 billion ) in the first half of 2019, according to a report released by the Ministry of Culture and Tourism.rnAmong the earnings, room sales totaled 42.7 billion yuan while food and beverage incomes constituted 38.2 billion yuan, accounting… Read More »

5G helps upgrade mining industry in China

 rnTAIYUAN – China’s coal mining industry is embracing an upgrade with the assistance of 5G-based technology.rnAfter inking a framework agreement with China Mobile and Huawei this September, China’s largest hard coal producer Yangquan Coal Industry Group in Shanxi has successfully deployed an underground 5G base station in one of its coal mines as part of… Read More »

China vows to make 5G breakthroughs for industrial internet

 rnBEIJING – The Ministry of Industry and Information Technology has issued a plan to promote 5G plus industrial internet, pledging to make key 5G breakthroughs to meet specific requirements of industrial internet by 2022.rnThe country will build five industrial public service platforms and form at least 20 typical industrial application scenarios by 2022 to promote… Read More »

Chinese shares close mixed Monday

 rnBEIJING – Major Chinese stock indices closed mixed on Monday, with the benchmark Shanghai Composite Index up 0.72 percent, at 2,906.17 points.rnThe Shenzhen Component Index closed 0.01 percent lower at 9,626.36 points.rnThe combined turnover of stocks covered by the two indices stood at 420.04 billion yuan ( $59.67 billion ) , shrinking from 471.05 billion… Read More »

Chinese firms sign $184m deals to purchase goods from Laos

 rnKUNMING – Chinese companies signed contracts worth 1.3 billion yuan ( $184 million ) to purchase goods, mainly agricultural products, from their Laos counterparts.rnThe deals were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, capital of Southwest China’s Yunnan province.rnA seminar was held on the same day to introduce policy advantages and… Read More »