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State-owned oil firms’ profits up in H1

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An oil drilling platform seen on the South China Sea. XINHUA China’s big three State-owned oil companies reported significant increases in their net profits during the first half of the year, with analysts saying that the uptick was supported by stronger international crude prices and rising output. China National Petroleum Corp, China Petroleum and Chemical Corp…

Alibaba completes antitrust compliance overhaul

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A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY China’s top market regulator said on Friday that it has successfully guided technology giant Alibaba Group through a three-year antitrust compliance overhaul, ending the company’s monopolistic practices and boosting fair market competition in the country’s online retailing sector. The State Administration…

Пшеница за Китай през крив макарон или телена ограда

China’s service sector sees expansion while production shrinks

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Staff members work at a factory of Chint Group in Shanghai in May. [Photo/Xinhua] China’s factory activity shrank for the fourth consecutive month this August, while the service sector has expanded at a faster pace, official data showed on Saturday. Data from the National Bureau of Statistics showed that China’s official purchasing managers index for…

Sino-US talks in Sept seen creating clarity on trade policy path

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Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. [Photo/Xinhua] Senior officials from China and the United States will hold the second round of the deputy minister-level meeting of the China-US commerce and trade working group in Tianjin on Sept 7 to exchange views about…

Apple CEO champions ties to China

The universal message that East and West can work together is a fundamental component of the relationship The unstoppable rise of Apple, which hit the $1 trillion mark in market capitalization in August, as an indisputable global tech superpower has no end in sight. As fashionable as it has been for Western journalists to list…

The road to better Asia-Europe links

Opportunities are present, and should be used, for a productive dialogue on improving transportation connectivity between the two continents Since China launched the Belt and Road Initiative in 2013, the transportation links between Europe and Asia have been in the public spotlight. Eurasian connectivity has become a hot topic for businesses, policymakers and journalists. Better…

Not everyone’s over the moon about light plan

Despite its benefits, project to bathe city in artificial nighttime glow raises concerns about consequences to people, animals Call me old-fashioned but I have to admit to feeling slightly queasy about plans to launch an artificial moon into the skies above Chengdu, the capital of Sichuan province. One is even left wondering what the Chinese…

Chinese economy on solid footing

Despite the slowdown in GDP, a deeper look at the statistics may provide reason for optimism At first glance, China’s third-quarter economic performance doesn’t grab much attention. According to the National Bureau of Statistics, GDP growth slowed to 6.5 percent year-on-year, the lowest since the first quarter of 2009, early in the global financial crisis.…