Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
More details have been revealed about a price fixing case which involves eight international ocean freight shipping companies operating in China. The companies include Japan's NYK Line and "K" Line, and Chile's CSAV. The eight companies ...
Tags: Shipping Companies, Price Fixing
Insiders are predicting an increasing in the number of Chinese tourists visiting the United States next year, partly due to the easing of restrictions on Chinese citizens acquiring tourist visas. 2016 is also the China-US tourism year, as ...
Tags: Chinese Tourists, Travel
U.S.-based General Electric has won a contract to supply turbines to the Wudongde hydropower plant located in southwest China. The company will provide six turbine-generator sets and related equipment, accounting for half of the project's ...
Tags: GE, China Hydropower
Alibaba has agreed to buy some 30 percent stake into China's food delivery service Ele.me, valued at 1.3 billion U.S. dollars. The deal is expected to be completed after the Spring Festival in Feburary of next year. After completion, it ...
Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Construction of the second unit of a pilot nuclear power project began in Fuqing, southeast China's Fujian Province on Tuesday. The project will use the domestically-developed third generation reactor Hualong One technology. Hualong One ...
The human brain is the world's most sophisticated computer, but a group of Chinese scientists have developed a computer chip that works much like the brain. Jointly developed by scientists from Hangzhou Dianzi University and Zhejiang ...
Tags: Brain-like, Computer Chip
Syria has said it's ready to take part in peace talks in Geneva and hopes that the dialogue will help the country form a national unity government. Syrian Foreign Minister Walid al-Moualem made the statement on Thursday during a visit to ...
Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
China's industrial output is likely to grow around 6 percent in the coming year. The Ministry of Industry and Information Technology also predicted the same pace for the current year. Meanwhile, the ministry also said the number of 4G ...
Tags: Industrial Output
Official stats show that China's civil aviation sector has seen record profits of 55 billion yuan, or more than 8 billion U.S. dollars, during the first eleven months of this year. The number is up three quarters compared to the same ...
Tags: China's Civil Aviation
China has realized universal power access when the last remote group of 39,800 people became able to light their homes with electricity. The light came on Wednesday in Gomang and Changjiang villages in the northwestern Qinghai province, ...
Tags: Universal Power Access
Construction on the first unit of a pilot nuclear power project using a Chinese reactor design began in south China on Thursday. Workers on Thursday morning broke ground on the unit that will use Hualong One technology, a ...
Tags: Nuclear Power Project