Chinese tech giant ZTE Corp.’s chairman promised no further compliance violations and apologized to customers in a letter Friday for disruptions caused by its violation of U.S. export controls, a newspaper reported. Washington’s agreement Thursday to restore ZTE’s access to U.S. components removed a prominent irritant in relations with Beijing, but the two nations still…
Chinese Online Retailer Developing One-Ton Delivery Drones
China’s biggest online retailer, JD.com Inc., announced plans Monday to develop drone aircraft capable of carrying a ton or more for long-distance deliveries. The company said it will test the drones on a network it is developing to cover the northern Chinese province of Shaanxi. It said they will carry consumer goods to remote areas…
Plunging Solar Equipment Prices Fuel Trade Complaints
Use of solar power is soaring, but Europe’s biggest solar panel manufacturer, SolarWorld, took the surprise step last month of cutting 500 jobs from its workforce of 3,000. The reason? Global sales are on track for a record year but prices are plunging due to a glut of supply. That is encouraging the spread of…
China Sets Sights on New Global Export: Nuclear Energy
On a seaside field south of Shanghai, workers are constructing a nuclear reactor that is the flagship for Beijing’s ambition to compete with the United States, France and Russia as an exporter of atomic power technology. The Hualong One, developed by two state-owned companies, is one multibillion-dollar facet of the Communist Party’s aspirations to transform…
China’s Nuclear Power Ambitions Sailing into Troubled Waters
China’s ambitions to become a pioneer in nuclear energy are sailing into troubled waters. Two state-owned companies plan to develop floating nuclear reactors, a technology engineers have been considering since the 1970s for use by oil rigs or island communities. Beijing is racing Russia, which started developing its own in 2007, to get a unit…
US Cites Chinese Internet Filters As Trade Barrier
The American government has cited Chinese Internet controls as a trade barrier in a report that comes as Beijing tries to block its public from seeing news online about the finances of leaders’ families. Chinese filters, which block access to websites including the Google search engine and social media such as Twitter, are a “significant burden” on businesses, the U.S. Trade Representative said in an annual…
China Buys Airbus Jets Worth $17B During Merkel Visit
China has committed to buying 130 Airbus jets worth $17 billion during a visit by German Chancellor Angela Merkel. Merkel and Chinese Premier Li Keqiang also attended the signing Thursday of agreements between Nokia Corp. and phone carrier China Mobile Ltd. and between Volkswagen AG and a Chinese bank, ICBC Ltd. The China Foreign Exchange…
China September Imports Plunge in New Sign of Weakness
China’s imports fell by an unexpectedly wide margin in September in a new sign of weakness in the world’s second-largest economy. Imports plunged 20.4 percent from a year earlier to $145.2 billion, customs data showed Tuesday, worse than August’s 5.5 percent decline and analysts’ expectations of about 15 percent. Exports shrank 3.7 percent, though that…
Rising Chinese Smartphone Manufacturer Takes Aim at Apple iPhone
Beijing (AP) — Rising smartphone star Xiaomi is moving upmarket and taking aim at Apple’s iPhone. The Chinese manufacturer known for ultra-low-priced handsets on Thursday unveiled a new model that chairman Jun Lei said is comparable to Apple’s iPhone 6 but thinner and lighter. The phone starts at 2,299 yuan ($375), less than half the…
Chinese Upstart Takes Lead in Fast-Growing Drone Market
An amateur photographer in Portsmouth, New Hampshire, drew crowds when he used a drone mini-helicopter made by China’s DJI Technology Co. to capture images of historic church steeples and other sights. “I get some amazing photos with it,” said Scott Richardson, a voice teacher who bought DJI’s four-rotor Phantom 2 Vision+ model in May. “With…