BUSINESS >> Economy

Railway cooperation helps boost China-Malaysia ties

Yi Dai Yi Lu, or Belt and Road Initiative, is one of the few Chinese phrases 24-year-old Mohd Syamin Bin Zainol is able to speak in Chinese after taking part in a railway workshop.
Source: Xinhua | 2017/12/17 14:09:01

China to set up 50 bln yuan funds to support B&R projects in ASEAN, Guangxi

China will set up funds totaling 50 billion yuan (7.6 billion US dollars) to invest in Belt and Road (B&R) projects in southern China's Guangxi Zhuang Autonomous Region and ASEAN countries.
Source: Xinhua | 2017/12/17 14:08:29

China, Britain agree to enrich 'Golden Era' of bilateral relations

China is ready to work with Britain to provide new impetus to the development of "Golden Era" of Sino-British relations, said Vice Premier Ma Kai on Saturday.
Source: Xinhua | 2017/12/17 10:02:39

Britain to contribute 50 mln USD to AIIB project preparation fund

The British government has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) to contribute 50 million U.S. dollars to the bank's project preparation special fund.
Source: Xinhua | 2017/12/17 9:47:01

9th UK- China Economic and Financial Dialogue held in Beijing

China's Vice Premier Ma Kai and the UK Chancellor of the Exchequer Phillip Hammond concluded the ninth UK- China Economic and Financial Dialogue in December 2017. The two sides reached a number of agreements in various areas.
Source: CGTN | 2017/12/17 9:46:04

China approves three IPO applications

The Chinese securities regulator approved three IPO applications this week, which will raise up to 3.7 billion yuan (about $560 million) in the A-share market.
Source: Xinhua | 2017/12/16 16:50:08

ADB approves 499 mln USD loan to improve Beijing air quality

The Asian Development Bank (ADB) has approved a loan for 499 million US dollars to set up a regional emission-reduction and pollution-control facility as part of a support program to improve the air quality in the Beijing-Tianjin-Hebei region.
Source: Xinhua | 2017/12/15 19:13:35

Central SOEs post double-digit revenue, profit growth

China's centrally administered enterprises posted double-digit revenue and profit growth in the first 11 months of the year, data from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) showed on Friday.
Source: Global Times | 2017/12/15 16:42:32

US interest rate hike has greater impact on world energy market

The US Federal Reserve (Fed) on Wednesday raised the benchmark interest rate by 25 basis points, as it raised the forecast for the country's economic growth in 2018. Local analysts said the move has little impact on the domestic energy industry, but it makes the US dollar more competitive in the international energy market.
Source: Xinhua | 2017/12/15 14:59:12

ADB approves 380 mln USD loan to improve roads in S. Philippines

The Asian Development Bank (ADB) has approved a 380-million-US-dollar loan to help the Philippine government strengthen the road network in the southern Mindanao Island, the country's second largest island with about 20 million people, the Manila-based bank said on Friday.
Source: Xinhua | 2017/12/15 14:50:51

S.Korea posts trade surplus for 70 months

South Korea's economy posted trade surplus for 70 months in a row through November thanks to brisk exports, customs data showed Friday.
Source: Xinhua | 2017/12/15 11:21:09

China remains popular destination for foreign investment: ministry

China will remain a popular destination for foreign investment, due to economic stability, market potential and further opening up, the Ministry of Commerce (MOC) said Thursday.
Source: Xinhua | 2017/12/15 8:05:38

ECB keeps key interest rates at record low, forecasts stronger economic growth in euro area

The European Central Bank (ECB) Thursday decided to maintain the key interest rates for the euro area at present levels for an extended period of time, and well past the horizon of the net asset purchases.
Source: Xinhua | 2017/12/15 8:02:37

Largest vehicle ferry to connect China, ROK

Work on China's largest roll-on/roll-off ferry has been completed and will be put into operation soon, authorities in east China's Shandong Province said Thursday.
Source: Xinhua | 2017/12/15 8:00:53

China ready to share its major market with French companies: Chinese embassy official

China is ready to share its major market with French companies while it will import goods worth of one trillion dollars in the next five years, Gao Yuanyuan, minister counsellor of the commercial section of Chinese Embassy in France, said on Thursday at a press conference.
Source: Xinhua | 2017/12/15 7:58:41

UN report: moderate recovery for Latin America, Caribbean in 2018

The Economic projections for Latin America and the Caribbean show moderate recovery in 2018 and the following year - with favored expansions in consumption and domestic investment, according to a United Nations report Thursday.
Source: Xinhua | 2017/12/15 7:51:41

German economic boom to last until at least 2020: studies

Germany's economic boom will continue until at least 2020 according to several studies published independently by leading research institutions on Thursday.
Source: Xinhua | 2017/12/15 7:50:14

NDRC, HK agree on B&R

An agreement was reached on Thursday between the mainland's National Development and Reform Commission and Hong Kong for advancing Hong Kong's full participation in and contribution to the Belt and Road (B&R) initiative, domestic news site chinanews.com reported.
Source: Global Times | 2017/12/14 22:03:40