The number of newly registered companies has grown fast since a new registration rule took effect in the beginning of March, new data showed on Monday. Between March and May, some 929,000 companies were registered, soaring 74.5 percent year on year, according to State Administration for Industry and Commerce data.
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Though the Chinese soccer team is again absent from the World Cup, Chinese products, from mascot Fuleco to official instrument the caxirola and hybrid buses, stand out. "Since March, our factory has continuously received overseas orders. By the opening of the event, we had exported more than one million footballs," said Wu Xiaoming, general manager of a sports products manufacturer in Yiwu City, in East China's Zhejiang province. Many orders came from South American countries.
Updated 5 Years ago

China's export activity may maintain a steady rebound in the coming months as the country is faced with several favorable factors, an official said on Tuesday. Shen Danyang, spokesman for the Ministry of Commerce (MOC), told a press conference that factors bolstering exports include recovering global demand, domestic support policies and rising confidence among Chinese export companies.
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Apple Inc. designs revolutionary mobile phones and the best personal computers in the world. How much emphasis does Apple place on quality? A lot obviously.
Updated 5 Years ago

Iran and six world powers will try in talks in Vienna this week to narrow differences and keep alive hopes of ending a decade-old nuclear dispute by late July, despite doubts the self-imposed deadline can be met. Ahead of tomorrow's start of formal talks, US and Iranian officials separately discussed the fast-moving crisis in Iraq. Governments in Iran and Iraq share concern over the ascendancy of militant Sunni rebels there.
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The US Supreme Court today declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors or risk a potential default. Without comment, the high court left intact lower court rulings that ordered Argentina to pay. The government had previously warned it could default on its sovereign debt if required to pay in full.
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The iPhone has enabled all sorts of crazy interactions, but a new device called Cue could be the first iOS accessory that uses boogers as a primary user input. The tabletop analyzer brings the power of a medical laboratory into the home and allows people to test their levels of testosterone, inflammation, vitamin D, and fertility with small amounts of blood, saliva, or nasal swabs.
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Mexico's Minera Autlán plans to invest US$350mn in mining, energy and ferroalloy operations over the next five years, said CEO José Antonio Rivero Larrea. The company, which produces manganese and ferroalloys, is currently exploring financing options, including the possibility of issuing shares, Rivero was quoted as saying by local daily Milenio.
Updated 5 Years ago

Quitting smoking cold turkey is admirable, but also extremely hard—which is why we have all sorts of things that attempt to slowly wean us off cigarettes, from patches to gum to hypnosis. And now, here come redesigned cigarettes.
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Wealthy Russians are not pulling out nearly as much cash from the country as the media has reported, the CEO of Russian industrial giant Sistema has told CNBC. Mikhail Shamolin said the figures do not stack up under scrutiny, as the very volatile rouble has distorted data. Sistema a majority shareholder in a number of Russian telecommunications, oil, utility and consumer businesses.
Updated 5 Years ago