By: Celia Chen Meng is the daughter of Huawei founder Ren Zhengfei – one of China’s leading businessmen, an ex-PLA officer and an elected member of the 12th NCCP Chinese telecom equipment giant Huawei’s Chief Financial Officer Sabrina Meng Wanzhou has been detained by Canadian authorities at the request of the US government, a move […] Read more
By REN XIAOJIN and ZHONG NAN Chinese Vice Premier Liu He. Vice-Premier Liu He will visit the United States on Jan 30 and 31 for further consultations on Sino-US trade and economic issues, the Ministry of Commerce said on Thursday. Economists said the two major powers should opt for cooperation instead of confrontation against a […] Read more
By: Xinhua The booth of Xuzhou Construction Machinery Group at the Bauma China International Trade Fair in Shanghai. Sales of major heavy equipment including digging machines and loaders witnessed double-digit growth in China last year, pointing to improving vitality in the broader economy. Lyu Ying, deputy secretary general of the China Construction Machinery Association, said the […] Read more
By HENG WEILI Ren Zhengfei, founder and CEO of Huawei, gestures during a round table meeting with the media in Shenzhen city, South China’s Guangdong province, Tuesday, Jan 15, 2019. The founder and CEO of Huawei Technologies Co has dismissed spying accusations that have vexed the company in its overseas expansion. Ren Zhengfei said the telecom-equipment […] Read more
A heavy-duty truck transports containers at a foreign trade container terminal in Qingdao, East China’s Shandong province By: EDITH MUTETHYA Panelists say they want to follow the country’s lead to build digital economy China, whose digital economy has experienced massive growth over the last decade, stands as a good model for Africa as the continent moves toward […] Read more
By Charles Riley China is taking new steps to encourage bank lending and stimulate the country’s flagging economy. The People’s Bank of China is slashing the amount of money that banks are required to hold in reserve, the latest in a series of policy changes the government has taken to support growth. The central bank said […] Read more
Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year at 2,493.90, while the benchmark […] Read more
US pressure on Chinese telecommunications equipment providers was ratcheted up on Thursday after Reuters reported that President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar US companies from using network gear made by Huawei Technologies and ZTE Corp, according to three sources familiar with […] Read more
Skycom Tech, the Hong Kong company at the centre of Huawei Technologies’ alleged violation of US sanctions on Iran, shared the same email domain as the Chinese telecoms equipment giant, public records show. The contact email address listed for Skycom’s website, Skycom.com.hk, is domain@huawei.com, the same domain as Huawei’s official website, according to records available […] Read more
The much bigger threat to U.S. economic primacy. Photographer: Wang Zhao/AFP/Getty Images By Noah Smith If you only scan the headlines, you could be forgiven for thinking that the U.S.-China trade war is mainly about tariffs. After all, the president and trade-warrior-in-chief has called himself “Tariff Man.” And the tentative trade deal between U.S. President Donald Trump and Chinese President […] Read more
