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May 24, 2017

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China > Business
Central SOE mixed ownership reform to get green light soon
The pilot mixed ownership reform program for China's centrally administered State-owned enterprises (SOEs) is expected to receive final approval soon, Economic Information Daily reported Tuesday.
 
Drone manufacturer DJI Innovation Technology Co and Qianxun Spatial Intelligence Inc, a company that uses China's homegrown BeiDou Navigation Satellite System for location and data analysis services ...
 
Commercial-titled apartment sales hit
In Beijing's Chaoyang district, Yue Shulin, 31, a real estate agent, has been "taking a break" for more than two weeks, the longest time he has ever been off work since starting his career in the industry in 2009.
 
Second homes, second thoughts
Homeowners who wish to upgrade to more spacious or better-located properties are among those most impacted by the recent tightening of China's home purchase rules.
 
Experts have called on companies and employees to strengthen integrity management-the emerging area that advises individuals and corporations on how to apply the highest ethical standards to every aspect of their business-in relation to China's job market.
 
Taxes, costs cut to help businesses grow
New tax cuts to spur economic dynamism were approved at the State Council's executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.
 
Shanghai notches up 6.8% GDP growth in Q1
Shanghai posted 6.8 percent GDP growth in the first quarter of 2017, a better than expected performance thanks to recovering industrial output and the continuous growth of the service sector, said the city's statistics and development and reform authorities.
 
Baidu launches Apollo, opens self-drive platform
Baidu Inc announced a new project-Apollo-to open up its autonomous driving platform to its partners, a move to promote the development of self-driving technology.
 
Facing a backlash over an incident this month involving an Asian-American passenger, United Airlines CEO Oscar Munoz is planning a visit to China.
 
Xiaomi releases Mi 6, speeds up offline expansion
A seven-year-old Chinese smartphone vendor, Xiaomi, has recently released its six-generation flagship device, Mi 6. The latest model was unveiled in Beijing on Wednesday, and will stay firm in the country's increasingly competitive market.
 
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