A company advisor to Chinese telecommunications equipment giant Huawei denied accusations that the company has received government subsidies or dumped products in EU countries. “Huawei’s products may have a price advantage, but it was gained via technological innovation, rather than through subsidies or dumping,” company advisor Tian Tao was quoted as saying in Thursday’s 21st [...]
Chinese narrow-body aircraft manufacturers will break the market duopoly of Boeing and Airbus by grabbing at least 5 percent of the domestic market by 2020, according to an industry plan unveiled on Thursday. Officials at the Ministry of Industry and Information Technology said the plan is the country’s first national development outline for the civil [...]
Chinese Premier Li Keqiang arrived here Thursday evening for an official visit to Switzerland, his first trip to Europe since he took office in March. “The choice of Switzerland as the first destination for my first European trip since I became Chinese premier means that I hope to strengthen bilateral high-level exchanges, achieve new breakthroughs [...]
CHINA’S manufacturing activity contracted for the first time in seven months in May as demand both at home and abroad fell, a survey showed yesterday. It reinforced fears that recovery in the world’s second-largest economy has been weaker than expected, and may prompt policy changes. The HSBC Flash China Manufacturing Purchasing Managers’ Index, the earliest [...]
Several securities firms and private funds have lined up for regulatory approval to launch public funds after June 1, when a policy that permits them into the business came into effect. The most promising candidates to receive the first batch of clearance from the regulator include Guotai Junan Securities, Orient Securities, CITIC Securities, First Capital [...]
China’s price of pigs has bounced back following the government’s subsidized initiatives, the country’s top economic planning agency said Wednesday. The average hog price reached 12.79 yuan (2.1 U.S. dollars) per kilo by May 15, marking the third week of a rising trend. The hog-to-corn price ratio, a major indicator of the industry’s profitability, hit [...]
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