Airbus, China industrial cooperation

Airbus has seen sustained rapid progress in industrial cooperation with China, with deals surging to nearly 600 million U.S. dollars in 2017, said Airbus China. The European aviation giant has seen multiple milestones in its industrial cooperation with Chinese partners, such as the new completion and delivery center in Tianjin for its wide-body A330 aircraft […]

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Chinese Students Eager to Start Businesses

Twenty-six percent of Chinese students from higher education institutions are eager to start businesses, marking an eight percentage points rise from the previous year, according to a survey. The survey, jointly conducted by over 30 higher education institutions, enterprises and social organizations, covered 52 higher education institutions across the country. According to the survey, 22 […]

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China Domestic Aircraft Begins Manufacturing

Manufacturing on China’s new domestic regional MA700 plane started Thursday, according to its developer, the state-owned Aviation Industry Corporation of China (AVIC). The manufacturing of MA700’s structural wing flap and cargo door components started in two subordinate enterprises of AVIC in northwest China’s Xi’an and northeast China’s Shenyang. The MA700 project is part of China’s […]

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Longest Sea Bridge Spans Pearl Delta

The major work of the world’s longest sea bridge was completed Sunday as scheduled, after its lighting system was installed and tested, authorities said. It took six years preparation and eight years to build the 55-kilometer-long bridge linking Hong Kong, Zhuhai and Macao. Major work on the bridge consisted of a 22.9-kilometer-long main bridge, a […]

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Chinese to Launch New Space Rocket

China’s Kuaizhou-11 solid-fuelled carrier rocket is scheduled to launch for the first time, in the first half of 2018, according to the rocket’s developer and producer China Aerospace Science and Industry Corp (CASIC). The preparation work for the launch has been completed, and the rocket will send six satellites into space in its first mission, […]

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China PMI Shows Resilience

China’s manufacturing sector continued to expand in December, pointing to economic resilience in the country’s factory sector. The country’s manufacturing purchasing managers’ index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to National Bureau of Statistics (NBS) data released Sunday. A reading above 50 indicates expansion, while below reflects […]

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Expectations for China’s Economy in 2018

Once again it is time for reflections and resolutions. For China, which sailed through a difficult year safe and sound and with government promises of a more efficient and open economy, the country is ready to start a new journey. Despite some turbulence along the way, China’s economy ended 2017 stronger than expected: headline growth […]

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China Unveils Tax Exemption

China’s Ministry of Finance (MOF) said Thursday it will exempt foreign companies from paying provisional withholding income tax on profits they re-invest in the country. The news comes as the Chinese government is moving to attract foreign investors after a host of countries unveiled similar measures to lure foreign and domestic investment. Foreign companies play […]

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