Zimbabwe has announced it will soon adopt the Chinese yuan as the main currency for use. Zimbabwe is the first country apart from China to use the yuan as its currency in the domestic market; it has been the legal tender along with the US dollar and South African Rand for the last couple of […]
China to Extend Yuan’s Trading Hours, Widening Currency’s Appeal
Central bank to increase currency’s trading day by seven hours, opening it to more foreign investors By LINGLING WEI l bank to increase currency’s trading day by seven hours, opening it to more foreign investors China’s currency will gain more trading time as of Jan. 4, the central bank said. ENLARGE China’s currency will gain […]
China to Extend Yuan’s Trading Hours, Widening Currency’s AppealOil price lows prompt Chinese gas pipeline deal
Lucy Hornby High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. Chinese state-owned oil company China National Petroleum Corp has concluded a complicated asset shuffle that […]
Oil price lows prompt Chinese gas pipeline dealStart-up strikes mobile payment deal in China
Arjun Kharpal | @ArjunKharpal A British online payments start-up has a signed a 10-year deal with a division of China’s only credit card company to bring its technology to the world’s second-largest economy. Powa Technologies has formed a joint venture with UnionPay Network Payments, a division of China UnionPay, to launch PowaTag UnionPay, an app […]
Start-up strikes mobile payment deal in ChinaBoeing Lands $10 Billion Order From China Southern Airlines
Bloomberg News Boeing Co. landed a $10 billion order from China Southern Airlines Co., Asia’s largest carrier by passenger volume, after agreeing to buy back some older-vintage jets, engines and other materials. China Southern and Xiamen Airlines, a subsidiary, are purchasing 110 current-model 737 jetliners and upgraded Max variants, the companies said in statements Thursday. […]
Boeing Lands $10 Billion Order From China Southern AirlinesChina football revolution can be a financial game changer
When Chinese investors recently decided to acquire a 13% stake in Manchester City’s parent firm, it put the country’s renewed interest in football firmly in the spotlight. The world’s second largest economy has never been a football powerhouse, qualifying for just one World Cup. Meanwhile, the population seems more interested in NBA basketball than the […]
China football revolution can be a financial game changerChina to give whole nation 4G coverage by 2018
BEIJING – China aims to cover all its urban and rural areas with 4G network by 2018, according to an action plan published by the Ministry of Industry and Information Technology (MIIT) on Monday. The country also plans to install fiber optics in more than 80 percent of its villages, according to the MIIT’s three-year […]
China to give whole nation 4G coverage by 2018China putting self-driving buses on roads
China’s Baidu says it will put self-driving buses on roads in 3 years BEIJING (By Jake Spring, Reuters) – China’s top online search firm Baidu Inc said it aims to put self-driving buses on the road in three years and mass produce them within five years, after it set up a business unit to oversee […]
China putting self-driving buses on roadsChina Tops US, Japan in Patent Applications in 2014
By THE ASSOCIATED PRESS The World Intellectual Property Organization said Monday that China cranked out patent applications at a record pace last year. In a numbers- and graphs-rich survey that’s aimed at pinpointing the state of play worldwide in patents and trademarks, as well as more specific areas like industrial design and “plant variety” applications, […]
China Tops US, Japan in Patent Applications in 2014China industrial output picks up
China industrial output growth picks up in November Source: Xinhua CHINA’S value-added industrial output, an important economic indicator, grew 6.2 percent year on year in November, picking up from the 5.6-percent growth recorded in October, official data showed on Saturday. That represents the second-highest monthly growth this year, after June’s 6.8 percent, pointing to tentative […]
China industrial output picks up