National Business Daily

National Business Daily
Details Huawei is reportedly to double every employee’s monthly salary for November, as well as give out 2 billion yuan worth of bonuses to those who participated in the transition to domestically made components, for the “struggle and hard work” since the U.S. sanction in May. A Huawei employee confirmed the bonuses to NBD but did not reveal the exact amount.? Details Sales of automobiles in China has declined for 16 consecutive months in October, according to China Association of Automobile Manufacturers, which also reported that sales of passenger NEV logged a 45% year-over-year decline, largely due to the cut of government subsidies. Details China’s steel giant Jingye Group is in talks to buy British Steel, which was put into compulsory liquidation in May, with about 89 million U.S. dollars. The deal, not yet finalized, could save 4,000 jobs in the U.K. (BBC) Photo/VCGAs of October 31 of 2019, Chinese high-end liquor brand Kweichow Moutai has sold 1,576.82 tons of wine in the overseas market, reaping 369 million U.S. dollars, reported Jiemian citing liquor website Jiuyejia.? Photo/VCGWang Sicong, chairman of Prometheus Capital and son of China’s former richest man Wang Jianlin, is restrained from high spending by court. In response, the investment firm issued a statement Monday, explaining the court order was enforced against its chairman due to an investment dispute caused by the bankruptcy of streaming platform Panda TV and they will try to get it fixed. (STCN) Not only about products, design festivals can shoulder social undertakings Good design brings safety and trust, stresses co-founder of Berlin Design Week Design means watching people’s behaviors and solving their problems, says CEO of iF International Forum Design AI is real next big tech wave on the way, says A Brief History of Time co-author Dr. Mlodinow Seeing limit-down Wed, chip titan Guoxin Micro challenged by parent s rising debts and widening loss Second World Cities Culture (Tianfu) Symposium kicks off in Chengdu Stay tuned! Monocle Cities Series Conference to kick off soon High living standards in cities that engage residents and promote openness, says Australia s Consul-General in Chengdu Christopher Lim Overseas craftsmanship, such as mosaic art, showcased at the 7th International Festival of the Intangible Cultural Heritage Beijing International Film Festival welcomes more U.S. entertainment industry leaders 20 hours ago Direct flight links world heritage sites in China, Cambodia 32 seconds ago China issues guideline on improving business environment for foreign investors China will accelerate the opening-up of the financial sector and optimize the foreign investment policies for automobile industry. 08, Nov, 2019 GMT+8