Biz Updates

Shenzhen's property market slumps 8% in July

2016-08-03

Shenzhen's average new housing price fell to 56,720 yuan ($8,555) per square meter in July, down 8.2 percent from the previous month, the sharpest month-on-month decline since 2012.
China Eastern, China Southern airlines to move base to new airport in Beijing

2016-07-29

Beijing will determine an airline's use of airports according to its membership in airline alliances, Beijing Youth Daily reported.
Gree aims to diversify for growth

2016-07-26

Dong Mingzhu, Gree's president, said the company's business will range from its backbone air conditioners and white goods to smartphones, new-energy vehicles and intelligent equipment.
China nuclear giant CGN wins French wind power contract

2016-07-26

China nuclear giant CGN said Monday that it had partnered with French new-energy firm Eolfi on a winning tender for a floating wind power project in France.
Gree aims to diversify for growth

2016-07-26

Gree Electric Appliances Inc, one of China's major air conditioner makers, has developed an ambitious plan to diversify its business to sustain its market growth in the near future, according to its president.
Chinese companies 'can adopt better business approaches' in Germany

2016-07-23

German analysts believe Chinese companies can adopt a better way of doing business with foreign investors from Germany, as directly working through a German government agency is not a very effective way to attract business.
CIMC ENRIC to deliver tanks for LNG port

2016-07-22

CIMC ENRIC Holding Ltd will deliver in 2018 two liquefied natural gas storage tanks with a capacity of 160,000 cubic meters each to its client in Zhoushan, Zhejiang province.
Chinese phone maker ZTE releases newest smartphone

2016-07-19

Chinese telecommunications company ZTE launched its newest smartphone ZMAX PRO Monday in New York.

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