BY THE PEOPLE’S DAILY From Southeast Asia to Africa and Europe, a total of 125 countries and 29 international organizations have signed Belt and Road Initiative (BRI) cooperation documents with China as of March 27, 2019, accounting for over 40 percent of global GDP. The second Belt and Road Forum for International Cooperation, a leading platform for international cooperation under the framework of the BRI, … Continue reading What is the Belt and Road?
BY CHINA DAILY US auto giant Tesla said on April 22 that no one was hurt in a vehicle self-ignition accident at an underground garage in Shanghai and it has sent a team to the scene. According to the Xinmin Evening News, the self-ignition of a white Tesla sedan took place at about 8 pm on April 21 at a community garage in Shanghai’s Xuhui … Continue reading Tesla probes car self-ignition case in Shanghai
BY SILVI WRITER and GLOBAL TIMES Naval vessels from 13 countries are taking part in the upcoming Chinese maritime parade in celebration of the People’s Liberation Army (PLA) Navy’s 70th anniversary on Tuesday in Qingdao, East China’s Shandong Province, where the host will debut its new warships. China’s naval experts denied reports calling the parade China’s military muscle show, but an indication that the PLA … Continue reading Maritime parade ‘NOT a muscle show’
BY CHINA DAILY The new lawsuit against Richard Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, and his company filed by a University of Minnesota student might further shake investors’ confidence, and tarnish the image and reputation of the company, amid tougher competition from rivals such as Alibaba and Pinduoduo. The Chinese student from University of Minnesota, who claimed she was … Continue reading Lawsuit against JD’s Liu may tarnish firm
BY CHINA DAILY Four Chinese city are among the 10 costliest cities to buy a home in the world, with Hong Kong stands on the top, according to real estate consultancy CBRE’s 2019 Global Living report. Hong Kong tops the list with the average price of a home about 8.28 million yuan ($1.22 million). The other three Chinese cities — Shanghai, Shenzhen and Beijing occupy … Continue reading Hong Kong most-expensive housing market in the world
BY CHINA DAILY The 74-year-old Ren Zhengfei, founder and CEO of Huawei Technologies, is the most influential business leader in China, according to the latest ranking released by business magazine Fortune’s Chinese edition. Pony Ma Huateng, founder and CEO of tech giant Tencent, came in second followed by Chen Dongsheng, founder, chairman and CEO of Taikang Insurance Group. Alibaba chairman Jack Ma grabbed fourth … Continue reading China’s most influential business leader
BY SILVI WRITER A total of 308 imported Mercedes-Benz vehicles were found to have substandard exhaust emission control parts in China, the country official news agency Xinhua reported on Apr 8, a day before a women in Xi’an asked a local dealer for refund after she claimed her new car’s engine was defective on the day she bought it. In the Xinhua story, China’s General … Continue reading Defective airbags, substandard parts … recent problems found with Benz vehicles in China