Huawei Technologies Co said Monday that it posted 179.7 billion yuan ($26.8 billion) in revenue in the first quarter of 2019, representing a year-on-year growth of 39 percent. The company’s quarter one net profit margin stood at about 8 percent, slightly higher than the same period last year. Huawei said in a statement that it continues to focus on communications infrastructure and smart devices, and will dev elop the efficiency and quality of its operations, which contributed to its solid first-quarter performance. This year will see large-scale 5G deployment around the world, meaning Huawei’s carrier business group, which primarily supplies telecom equipment and services toRead More →

 despite the security concerns it faces in some markets. Huawei has repeatedly said the security llegations it faces are groundless and not supported by any factual evidence. The city competition for talents in China heats up, as an incre asing number of cities offer favorable housing policies to attract residents. Ningbo in East China’s Zhejiang province is one of the most recent entrants to join in. L ast Sunday, the city published its latest policy interpretation for talent attraction. Fresh undergraduates and postgraduates moving to Ningbo for employment are given a one-off living sub sidy of 10,000 yuan ($1,490) and 30,000 yuan, respectively. The cityRead More →

or of the China Tourism Academy. “Compared to the United States, w here 48 percent of its citizens hold a passport, the figure in China is only around 10 perce nt. It’s estimated that the number of Chinese outbound travelers will reach 230 million in 2030.” A report published by major Chinese travel agency Ctrip showed th at 160 million Chinese people have travel plans during the upcoming four-day May Day hol iday. Thailand, Japan, Vietnam, Taiwan and Indonesia are the top destinations outside the mainland. Malaysia, which receives around 10 million Chinese tourists annually, began to i ssue e-visas for Chinese in 2017. “TheRead More →

tinations launch such services for Chinese, more will follow suit,” Dai said. Industry insiders said that the rapid development of internet technology in C hina and people’s heavy use of online shopping, mobile payment and banking servic es have allowed e-visa services to take root quickly in the country. “Such services, which save the time and trouble of sending passpo rts and paper documents back and forth, suit the young groups, who usually don’t plan for a trip far ahe ad of time,” said Li Ailing, founder of lvyouquan.com, which provides tourism information to agencies. Objectivity and impartiality were emphasized in the latest draft revisionsRead More →

ge signal for thunderstorms and yellow signal for heavy rain at 3:36 am. It issued yellow signals for thunderstorms and heavy rain in the districts of Tianhe, Yuexiu and Liwan at 10:16 am. Middle and primary schools and kindergartens i Sanshui district, Foshan city, were closed once the red signal for heavy rain was issued. Qingxin district of Qingyuan city received 57.9 millimeters of rainfall b etween 8:00 am and 9:00 am, according to the provincial meteorological service. China plans to introduce a compensation system for people who report adverse events l inked to preventive vaccinations, according to a draft law under review at theRead More →

nds set their home in Shanghai, by perfectly fusing with loc al culture,” said Li Mingxun, chief operating officer of Sanrio Shanghai Intern ational Trade, during the launch ceremony at the Le Royal Meridien Shanghai. One of the most popular areas so far is a 14-meter-high wall that goes throughout three floors and features cute remakes of Shan ghai’s landmarks including the Oriental Pearl TV Tower, China Art Museum and Garden Bridge. The indoor play area is one of the latest attempts by Shimao to explore theme park business oppo rtunities. The theme park industry is fast expanding in China, with Ping An Securities projectingRead More →

 technology in China and people’s heavy use of online shopping, mobile payment and banking services have allowed e-visa services to take root quickly in the country. “Such services, which save the time and trouble of sending passports and paper documents back and fort h, suit the young groups, who usually don’t plan for a trip far ahe ad of time,” said Li Ailing, founder of lvyouquan.com, which provides tourism information to agencies.  Objectivity and impartiality were emphasized in the latest draft revisions to the Jud ges Law and the Procurators Law submitted to China’s top legislature for review on Saturday. According to the drafts, judgesRead More →

y the city’s transport authorities to stop selling tickets and dispatching vehicles from 11:40 am until the first-level heavy rain emergency response has ended. The Guangzhou meteorological service issued an orange si gnal for thunderstorms and yellow signal for heavy rain at 3:36 am. It issued yellow sign als for thunderstorms and heavy rain in the districts of Tianhe, Yuexiu and Liwan at 10:16 am. Middle and primary schools and kinderga rtens in Sanshui district, Foshan city, were closed once the red signal for heavy rain was issued. Qingxin district of Qingyuan city received 57.9 millimeters of rain fall between 8:00 am and 9:00 am,Read More →

ange has resulted in lower wind speeds in the region. There h as been a downward trend for average wind speeds in the cluster si nce 1960 and especially after 1990. This is in line with the weakening trend of wind speeds made up of cold air from L ake Baikal in Russia, which penetrates into the region from the northwest A multilateral tax cooperation mechanism under the Belt and Road Initiative was establ ished on Thursday in Wuzhen, Zhejiang province. It aims to facili tate cross-border trade and investment along BRI routes by helping resolve tax disputes. The nonprofit mechanism, the Belt and RoadRead More →

ese government has launched a series of measures to continually reduce burdens for taxpayers, an d the annual plan for 2019 is to cut 2 trillion yuan ($300 billion) in taxes and fees. “Effects have been seen recently. In the first two months, 182.85 billion yuan in taxes and fees were furth er reduced,” Wang said. “The Chinese tax authority will do all it can to achieve the target.” “International tax cooperation is not and has never been easy. But we do need a multilateral approach,” said Vitor Gasp ar, director of the Fiscal Affairs Department at the International Monetary Fund. “BRITACOM has a roleRead More →