In 2014, the global CNC machine tool output value approximated USD48.1 billion, with the CNC level standing at about 60%. Particularly, the developed countries such as Japan, the United States, Germany, and South Korea enjoyed relatively ...
Tags: CNC machine, machine tool
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus. The third-quarter surplus under the current account was cut to 60.3 ...
Tongtai continues to build sales of aircraft-making machine tools. (Pictured is group chairman, R.X. Yen)The Tongtai Group of Taiwan estimates machine tools for making aircraft parts to rise to account for 10 percent of its revenue by 2016, ...
Tags: Tongtai, aircraft parts, Manufacturing
Wearable devices have been gaining momentum here in China, with the medical and healthcare sectors representing a huge share of this new tech market. Intelligent scales, thermometers, heart rate monitors, and watches account for two ...
Tags: Wearable Devices
n years past, a smog-shrouded Beijing was accepted as a fact of life in the big city. But increasingly, people are taking notice. Companies now are focusing on using the internet, smart devices and big data to help the Chinese make ...
Tags: Smart Device, Air
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...
Chinese commercial bank must verify the identify of clients when they open personal bank accounts to make sure they are using their real names, a circular showed Friday. The People's Bank of China (PBOC), the central bank, released the ...
Tags: Banks, Real-name Accounts
Shipment of 3D printers in the Chinese market is expected to reach 160,000 units in 2016, outperforming the U.S. market, market research firm IDC said on Tuesday. Mo Minyi, an analyst with IDC China, said despite sales' volume, China will ...
Tags: 3D Printers
China is going to be the third-largest contributor to UN regular budget 2016-2018, with its assessed contribution accounting for 7.9 percent, said a senior Chinese diplomat Wednesday. The Chinese contribution to the total UN membership ...
A draft amendment to the population and family planning law is being discussed by the top legislature. Along with the universal two-child policy, the amendment covers issues including illegal surrogacy and the cancellation of extended ...
Tags: Surrogacy, Late Marriage
Test Rite's CEO, T.H. Ho.Test Rite International Co., Ltd., recognized as Taiwan's biggest home improvement retailer, has contracted LED maker Unity Opto Technology Ltd. for supply of LED light bulbs to sell under its brand name, as well as ...
Tags: Test Rite, LED, Processing Machinery
Toshiba Corp. said on Saturday its group net loss for the business year ending in March will far outweigh that of the previous year's and may top its record of 398.8 billion yen (3.29 billion U.S. dollars) logged in the year through March ...
Tags: Toshiba, Record Losses
The Japanese government is set to announce a record-high budget of some 96.7 trillion yen (798 billion U.S. dollars) for the next fiscal year to cope with the nation's dire demographic circumstances and related welfare costs, government ...
Tags: Japanese Gov, Budget
Scandal-plagued Toshiba Corp. on Monday unveiled wholesale restructuring plans in an aggressive move to return the ailing electronics firm to profitability which will include some 7,800 jobs being slashed from its workforce. The firm ...