China’s consumer inflation continued to slow in 2015 due to lackluster domestic demand amid a slowing economy, official data showed on Saturday.The consumer price index (CPI), a main gauge of inflation, increased 1.4 percent year on year in the last year, down from a 2 percent increase in 2014 and 2.6 percent in 2013, the National Bureau of Statistics (NBS) said in a statement.The reading hit a six-year low and was far below the government’s 3-percent target set for the year, data showed.In 2015, food prices, accounting for one-third of the CPI calculation, rose 2.3 percent and non-food prices...
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Chinese drone maker Ehang Inc unveiled what it calls the world’s first drone capable of carrying a human passenger at the Consumer Electronics Show in Las Vegas on Wednesday.The company said it is anticipating large-scale commercial use of its aerial vehicle.Ehang 184 takes off and lands vertically like a helicopter but with four double-propellers spinning parallel to the ground like other drones. Having the destination input, the automatic flight control system will choose the fastest, safest route to fly the passenger, who only needs to give two commands, "take off" and "land&...
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The Chinese Ministry of Industry and Information Technology (MIIT) began to research and test 5G technology Thursday with the aim of commercializing it by 2020.The purpose of the research and test is to support the formulation of global 5G standards and boost the development of the telecom industry, said Cao Shumin, head of a 5G R&D team under the MIIT.Research and test work will be completed by 2018 and domestic telecom service providers will try to commercialize the 5G technology in the following two years.China has made progress in the research of some key areas regarding 5G technology,...
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Volvo is preparing to issue bonds for the first time as a stand-alone carmaker as the Swedish company enters the next phase of its turnround having recently developed a new manufacturing platform and launched upmarket models.A move into the capital markets by the Gothenburg-based company, which has been owned by Zhejiang Geely Holding of China since 2010, could be a prelude to a stock market debut, say people close to the carmaker.“What’s important for us is, I think, is that we have to improve the company and run it as if it was listed,” said Hakan Samuelsson, chief executive. “That is very h...
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Lending transactions via China’s peer-to-peer (P2P) platforms reached 982.3 billion yuan (about 151 bln U.S. dollars) in 2015, up 288.6 percent from 252.8 billion yuan in 2014, an Internet financial services web portal said.China’s P2P lending platforms have cumulatively brokered 1.37 trillion yuan as of the end of December, according to an annual report issued by Wangdaizhijia.com.The report counted 2,595 P2P platforms across the country, an increase of 1,020 compared with the 2014 figure.But the number of P2P platforms will not grow substantially in the coming year as China tightens regulati...
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