BIZ

Financial fraud mounts in China


The rapid development of Internet finance in China in recent years has provided soil for financial fraud, which in turn forced the central government to take major steps in tightening financial supervision.


Premier Li congratulates inaugural ceremony of AFCA

Chinese Premier Li Keqiang Monday sent a congratulatory letter to the inaugural ceremony of the Asian Financial Cooperation Association (AFCA).
Source: Xinhua | 2017/7/25 7:33:03

OPEC+ meeting: Countries consider possibility of prolongation of Oil Deal

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) considers further prolongation of the Declaration of Cooperation, also known an "Oil Deal", the Russian Minister of Energy Alexander Novak said after the JMMC meeting in St.Petersburg Monday.
Source: Xinhua | 2017/7/25 6:13:04

China to continue to be key driver of global growth -- IMF chief economist

China's growth will continue to be a key driver for a firming recovery of the world economy, the chief economist of the International Monetary Fund (IMF) said Monday.
Source: Xinhua | 2017/7/24 23:48:05

Financial fraud mounts in China

The rapid development of Internet finance in China in recent years has provided soil for financial fraud, which in turn forced the central government to take major steps in tightening financial supervision.
Source: Global Times | 2017/7/24 22:58:39

Press revenue rise

China's press and publishing industry grossed 2.4 trillion yuan ($350 billion) in 2016, up 9 percent year-on-year, the press and publication regulator said Monday.
Source: Xinhua-Global Times | 2017/7/24 22:13:39

Russia top oil provider

Russia, Angola and Saudi Arabia became the top three providers of crude oil to China in June, official data showed Monday.
Source: Xinhua-Global Times | 2017/7/24 22:13:39

China will strive to build three international aviation hubs

China will strive to forge Beijing, Shanghai and Guangzhou, capital of South China's Guangdong Province, into international aviation hubs, in order to promote collaborative development among world-class city groups and airport groups, a senior official of the Civil Aviation Administration of China (CAAC) said.
Source: Global Times | 2017/7/24 22:08:39

AFCA to strengthen Asian financial cooperation

The Asian Financial Cooperation Association (AFCA) was set up in Beijing on Monday. It is a non-governmental financial organization with the mission of articulating Asian voices in the global financial markets by building a regional financial cooperation platform.
Source: Global Times | 2017/7/24 22:08:39

Chongqing leads H1 GDP growth with 10.5%

Southwest China's Chongqing Municipality took the lead in economic growth among 19 provincial-level regions that had released their GDP figures for the first half of the year as of Monday.
Source: Global Times | 2017/7/24 22:03:39

China warns India after it launches a probe into photovoltaic products

Indian authorities should take a prudent attitude and conduct probes strictly in line with related regulations to avoid abusing trade remedy measures, a senior official from China's Ministry of Commerce (MOFCOM) said on Monday.
Source: Global Times | 2017/7/24 22:03:39

Company’s security top priority: Sunac chairman

Shares of Sunac China Holdings, a Tianjin-based residential property developer, closed up 1.82 percent on Monday at HK$20.9 ($2.68) per share. In response to public concerns over Sunac’s debt and cash flow situations, Chairman Sun Hongbing said in his Weibo account on Sunday that there is no need to worry too much about Sunac.
Source: Global Times | 2017/7/24 21:58:39

Shipbuilders sink into the doldrums

The glory days seems to be over for the nation’s shipyards after a rough first half, as companies face a wave of challenges, including declining orders, rising difficulties in fundraising and weak profitability, recent industry data showed.
Source: Global Times | 2017/7/24 21:58:39

Boom times for winter sports come ahead of Olympics

China expects a boom in winter-sport tourism as local authorities rush to tap opportunities presented by the 2022 Winter Olympic Games in Beijing, the Xinhua News Agency reported on Monday.
Source: Xinhua-Global Times | 2017/7/24 21:53:39