BIZ

China still attractive for foreign investors


China still remains an appealing and open destination for foreign investors, despite some challenges due to rising costs and uncertainty over Donald Trump's presidency, experts said on Wednesday.


Mainland stocks end lower as large-cap State firms drag

Chinese mainland stocks fell on Thursday, with energy and infrastructure companies weaker after a price correction this week and as investors remained cautious ahead of the Lunar New Year.
Source: Reuters-Global Times | 2017/1/19 20:08:39

Bond-trade bump shows banks on Wall Street doing more with less

Wall Street banks once earned huge profits by encouraging bond traders to swing for the fences, but their fourth-quarter results show how dramatically that model has changed.
Source: Reuters | 2017/1/19 20:03:39

SAFE confident China can handle US rate hikes

China’s currency regulator is confident the country can cope if the US raises interest rates at a faster pace than expected in 2017 due to its stable economy, the regulator’s spokesperson said on Thursday.
Source: Global Times | 2017/1/19 20:03:39

The ascent of drones

A drone sits on display on Thursday at Drone Show Korea 2017 in Busan, South Korea. The show will run until Saturday. Drones are now being used for a variety of commercial purposes, from agriculture to cinematography.
Source: CFP | 2017/1/19 19:58:39

Boeing CEO sees ‘near-term’ plane deal after Trump meeting

Boeing Co’s chief executive said on Tuesday that he and President-elect Donald Trump “made progress” on lowering the cost of the Air Force One presidential aircraft fleet and on a potential sale of Boeing fighter aircraft, and suggesting a deal could be struck soon.
Source: Reuters-Global Times | 2017/1/19 19:43:39

Cathay Pacific confirms layoffs

Cathay Pacific Airways, the aging Hong Kong-based airline, confirmed that it will lay off jobs as part of a reorganization and strategy shift to deal with competition in markets it once dominated.
Source: Global Times - Reuters | 2017/1/19 19:38:39

S.Korean prosecutors to continue probe into conglomerates after rejection of Samsung heir's arrest

South Korea's independent counsel team said Thursday that it will continue probe into conglomerates though its arrest request for Samsung Electronics Vice Chairman Lee Jae-yong was rejected earlier in the day.
Source: Xinhua | 2017/1/19 17:23:19

Closure of Seagate factory in China a "normal business decision": MOC

The recent move by American computer hardware manufacturer Seagate Technology to shut a plant in China was a "normal business decision," China's Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2017/1/19 15:01:07

Chinese banks' forex settlement deficit expands in December

China saw the deficit in its foreign exchange settlement expand in December, official data showed Thursday.
Source: Xinhua | 2017/1/19 14:10:30

Capital outflow pressure eases in 2016: SAFE

Domestic banks’ net foreign exchange sales shrank in 2016 as capital outflows eased, data from China’s currency regulator showed on Thursday.
Source: Global Times | 2017/1/19 14:03:39

US economy continues modest expansion in December, Fed survey shows

US economic activity continued to expand at a modest pace from late November through the end of last year, the latest survey result released by the Federal Reserve showed on Wednesday.
Source: Xinhua | 2017/1/19 13:28:40

Consumption to remain top engine of China's economic growth

Domestic consumption will continue to play a leading role in boosting China's economic growth this year, according to a recent report.
Source: Xinhua | 2017/1/19 13:23:41

MOFCOM warns economic strife between China, US would be damaging after Trump takes office

An economic confrontation between China and the US would hurt both countries due to their interconnected interests, a Ministry of Commerce (MOFCOM) spokesperson said on Thursday morning.
Source: Global Times | 2017/1/19 13:08:39