US sanctions imposed this week go against mutual trust and bilateral cooperation, China said on Wednesday, asking the United States to stop its "wrong behavior" immediately.The US Treasury Department announced on Tuesday the new sanctions on 16 entities and individuals, mostly in China and Russia, for alleged ties with the nuclear and ballistic missile programs in the Democratic People's Republic of Korea.The sanctions came less than two months after sanctions June 29 by the US Treasury Department on a bank, a shipping company and two individuals from China."What the US has ...
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China will further reduce leverage at central State-owned enterprises by establishing multiple channels to reduce corporate debts, those at a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.In the first seven months of this year, central SOEs registered profits of 846.9 billion yuan ($127 billion), up by 16.4 percent year-on-year, compared with a 3.7 percent drop a year earlier. Central SOEs' debt ratio was 66.5 percent in July, down by 0.2 percentage points from the start of this year, according to State-owned Assets Supervision and Administration Commis...
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Authorities have started researching feasible plans on building a high-speed railway line from Shanghai to Chengdu in Sichuan province along the Yangtze River, one of the country's eight important east-to-west high-speed railway tracks.China Railways Corp, the country's rail operator, and Anhui provincial government are likely to submit a plan to the central government on constructing the Hefei-Nanjing section of the line by the end of August.The two have agreed to jointly build the section during the 13th Five-Year Plan period (2016-2020), the official WeChat account of Chengdu Hi-Tec...
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The three Asia Pacific airlines with the highest customer expectations of high quality in-flight Wi-Fi are all from China－Air China, China Eastern Airlines and China Southern Airlines.A report released last month by Inmarsat, a London-based leading provider of global satellite communication services, said these airlines would lead the industry as they recognize the value of making in-flight broadband available to passengers, who are increasingly seeing it as a necessity and a major factor when choosing an airline.Otto Gergye, vice-president of Inmarsat Aviation Asia-Pacific, said: "In fac...
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Chinese energy company Shenergy and partners in the United Kingdom have announced plans to build a new center in Shanghai dedicated to clean energy and"smart city" technology.The Shanghai International Energy Innovation Center, which will also be known as SIEIC, is scheduled to open in mid-2018. Shenergy will partner on the project with Chinese fintech company BBD UK and Cambridge Technology Capital Partners(CTCP), a firm that specializes in UK and China cross-border transactions.Alan Barrell, CTCP's chairman, said the center will provide financial, technical, and networking reso...
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