BUSINESS >> Economy

China's foreign trade to remain steady in 2018: report

China's foreign trade will maintain steady growth in 2018, as the country's economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce.
Source: Xinhua | 2018/12/16 23:11:55

US allies may divide in containing Huawei

Voices against calls for a boycott of Chinese telecom giant Huawei have emerged in France and Germany despite Washington's alleged attempts to persuade wireless companies and internet providers in allied countries to shun equipment made by Huawei.
Source: Global Times | 2018/12/16 21:38:39

Making headlines

This year's China International Finance Forum (CIFF), which was held in Shanghai over the weekend, featured the theme of construction of modern financial system for the high-quality development.
Source: Global Times – Xinhua | 2018/12/16 21:03:40

Chinese firms in Kenya 'contribute to economic growth, create jobs'

Chinese firms in Kenya have contributed to the economic growth of the east African nation, creating tens of thousands of jobs in 2018 alone, the Xinhua News Agency reported over the weekend.
Source: Xinhua | 2018/12/16 20:58:39

SMEs raise funds on third board

Small- and medium-sized enterprises (SMEs) raised 5.98 billion yuan ($866 million) on China's “new third board” in November, the National Equities Exchange and Quotations said Sunday, up 46.6 percent month-on-month.
Source: Xinhua-Global Times | 2018/12/16 20:36:44

Regulator imposes penalties

China's securities regulator has penalized three individuals for illicit stock and securities trading.
Source: Xinhua-Global Times | 2018/12/16 20:36:44

Nation approves $3.5b projects in Nov

China's top economic planner approved 13 fixed-asset investment projects in November with a combined investment of 24.2 billion yuan ($3.5 billion), latest data showed. The projects were primarily in the high-tech and transportation sectors, according to the National Development and Reform Commission.
Source: Xinhua-Global Times | 2018/12/16 20:08:40

Chinese investment abroad totals $104.5 billion from Jan to Nov, on par with 2017

Chinese investment in foreign markets advanced in a sound and orderly way in the first 11 months, with outbound investment in non-financial sectors worth a total of $104.48 billion, which is basically unchanged from the same period last year, official data showed.
Source: Global Times | 2018/12/16 19:18:39

As Hainan's conference industry booms, more infrastructure projects are urgently needed

South China's Hainan Province has had a busy couple of weeks. At least four international events – Sanya Forum, Haitian Feast, Miss World pageant and the Hainan International Film Festival – have taken place in Hainan in December, putting the spotlight on the tropical island's growing international exhibition and conferences industry. So what are Hainan's advantages and disadvantages in further developing the industry?
Source: Global Times | 2018/12/16 17:53:39

Shop Fresh

A view of JD.com's 7Fresh, a “new retail” supermarket that combines online and offline sales, in a shopping mall in Xi'an, capital of Shaanxi Province on Sunday. The store, which opened on Sunday and also marked JD.com's first “new retail” supermarket in Northwest China, supports cutting-edge technology such as face-scanning payment. JD.com launched 7Fresh after its competitor Alibaba Group hit the market with Hema supermarket. Photo: IC
Source: IC | 2018/12/16 17:48:39

Dollar scales to 19-month peak as gloom grows

The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the US drove a strong bid for the safety of the greenback.
Source: Reuters-Global Times | 2018/12/16 17:43:40

Chinese firm halts cobalt purchases from Glencore: sources

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.
Source: Reuters-Global Times | 2018/12/16 17:43:39

Shares slump as data shows cooling economy

Chinese shares slumped on Friday after climbing up for three straight sessions, with investor worries about the state of the domestic economy rising on fresh data that showed weakening consumer sentiment.
Source: Global Times - Reuters | 2018/12/16 17:38:39

Norway's business organization worried about chaotic conditions after Brexit

Norway's major business organization expressed worry about increased risk of a chaotic British exit from the European Union (EU) and alerted Norwegian companies to be prepared for its consequences, online newspaper E24 reported Saturday.
Source: Xinhua | 2018/12/16 10:02:12

Coal-rich Shanxi continues to cut overcapacity, close mines

North China's Shanxi Province shut down 36 coal mines in 2018, cutting 23.3 million tonnes of production capacity, according to local authorities.
Source: Xinhua | 2018/12/15 13:42:21

China approves projects worth 3.5 bln USD in November

China's top economic planner approved 13 fixed-asset investment projects in November with a combined investment of 24.2 billion yuan (about 3.5 billion US dollars), latest data showed.
Source: Xinhua | 2018/12/15 10:13:32

China's commercial banks' net profits to grow 7.1 pct in 2018: report

China's commercial banks will post sound performance in 2018, with their combined net profits likely to grow 7.1 percent year on year, the Bank of Communications forecast.
Source: Xinhua | 2018/12/15 10:13:03

Chinese steelmaker to build 4.4 bln USD integrated steel plant in southern Philippines

Chinese firms Hebei Iron & Steel Group (HBIS Group) signed a memorandum of understanding (MOU) on Friday with Philippine Steel Asia Manufacturing Corporation to develop an integrated iron and steel plant costing 4.4 billion US dollars in the southern Philippines.
Source: Xinhua | 2018/12/15 9:44:18