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China dairy firm Yili revenues up 16 pct in 2018

China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. has registered revenues of 79.6 billion yuan (11.9 billion

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China's Xiaomi unveils 5G smartphone in Barcelona on eve of MWC

Chinese tech giant Xiaomi on Sunday unveiled its smartphone with a 5G modem at a press conference here on the eve of the Mobi

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China's overnight Shibor interbank rate rises Thursday

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost on China's interbank market, rose 1

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Honda to close factory in Britain with potential loss of 3,500 jobs: report

Japanese automaker Honda is to announce the shutdown of its car plant in Swindon, southern Britain, in 2022, likely causing t

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Chinese shares rally Monday

Chinese stocks registered an across-the-board rally on Monday with trading in tech firms particularly robust, following a str

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Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO

Uber Technologies Inc had 50 billion U.S. dollars in total bookings for its ride-service and food-delivery businesses last ye

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Financial products keeping step with surging demand

Wang Qianqian earns 6,000 yuan ($890) a month as a high school administrator in Shanghai. But the prohibitive cost of big-tic

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Greater Bay Area creates vibrant economic engine

Authorities in Guangdong province, an economic juggernaut in South China, will accelerate a special plan to develop the Guang

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Major Apple suppliers look to diversify

Major Apple Inc suppliers Foxconn Technology Group and Pegatron Corp are reportedly accelerating efforts to build new product

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VW, Ford team up for new future

Volkswagen AG and Ford Motor Company are partnering to develop pickups and vans and explore cooperation in autonomous driving

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China's economy expands 6.6 pct in 2018

China's economy grew 6.6 percent year on year in 2018, above the official target of around 6.5 percent, data from the Nationa

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APD | Headline inflation slows to 5.9 percent in the Philippines

By APD writer Melo M. Acuña MANILA, Jan.18 (APD) – The Bangko Sentral ng Pilipinas reported that headline inflation slowed do

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McDonald's loses Big Mac EU trademark battle

Irish fast food chain Supermac's announced Tuesday it had won a European Union battle against global giant McDonald's over th

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Delta Electronics to focus on new areas like smart city tech

Delta Electronics Inc, a global provider of power and thermal management solutions, said it will continue to invest in the Ch

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China doubles QFII quota to US$300b

China's forex regulator announced Monday that the total quota of the Qualified Foreign Institutional Investors (QFII) program

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China sees 70% increase in new-energy cars

The number of new-energy cars in China totaled 2.61 million in 2018, up 70 percent or 1.07 million year on year, the Ministry

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BMW to recall 279 vehicles in China

German automaker BMW has announced a recall of 279 vehicles due to defects with drive shafts, according to China's top market