Southern comforts

Delicious dishe served at the restaurant of Lujiang Harbor View Hotel. Photo: Zhao Dan/GT Just one-and-a-half hour’s flight from Shanghai, Xiamen, the island city near the southern tip of Fujian Province is a great destination…

CNPC denies closing six overseas oil projects

China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, Monday denied media reports which said that it has terminated six exploration projects in Libya and Niger due to the ongoing political turbulence….

Importers to get tax rebates

Natural gas importers will be given tax rebates, including pipeline gas from Central Asia and liquefied natural gas (LNG), in a move to ease losses of energy firms, according to a statement released by the…

Foreign automakers expand stakes in JVs

China’s home-grown auto industry will face tough times and setbacks as a number of global automakers are reportedly pushing for bigger stakes in their joint ventures, insiders and analysts warned. “Shareholding losses for Chinese auto…

Payment companies may not get licenses on time

Some companies will not get third-party online payment licenses by the deadline of September 1, an expert told the Global Times Monday. Application details of 32 companies applying for the third-party payment licenses were posted…

Train crash answers sought

Investigators looking into the train crash in Wenzhou, Zhejiang Province a month ago have once again blamed human error, despite recent media reports exposing a slew of quality problems that may have been overlooked. “We…

300 b yuan not spent on Universiade: Shenzhen

Shenzhen government has denied a report that calculated the city had splurged more than 300 billion yuan ($46.4 billion) on the 26th Summer Universiade Shenzhen that closed on Tuesday. The Beijing-based China Times published an…

Gaopeng.com strikes deal with workers

A worker phones from his nearempty office at Gaopeng in Shanghai on Monday. Gaopeng fired half its copywriters in Shanghai on Monday. Photo: Lu Yun/GT Most laid-off employees from group buying website gaopeng.com received a…