BUSINESS >> Economy

Property price growth seen picking up pace amid tighter liquidity

China’s new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment.
Source: Reuters-Global Times | 2017/11/19 21:38:39

Auto aspirations

A visitor poses with a Jaguar XEL displayed at Auto Guangzhou in Guangzhou, South China’s Guangdong Province on Friday.
Source: VCG | 2017/11/19 21:38:39

State assets to move to pension fund

China will begin a pilot program this year to transfer shares in State-owned firms to social security funds in an effort to make up for shortfalls in the nation’s pension scheme, according to a notice published by the State Council, China’s cabinet, on Saturday.
Source: Reuters | 2017/11/19 21:33:39

State-owned China State Construction Engineering Corp to build 7,000 units of public housing in the Maldives

State-owned China State Construction Engineering Corp will build 7,000 units of public housing in the Maldives, the largest public housing project there, Chinese media reported on Sunday.
Source: Global Times | 2017/11/19 21:23:40

Kweichow Moutai shares set for return to fundamental value after hype: expert

The share price of Kweichow Moutai, China’s most valuable distiller, is likely to stabilize or return to fundamental value in the coming months after a surge caused by short supplies of the liquor and market hype, experts said on Sunday.
Source: Global Times | 2017/11/19 21:23:39

China Citic, Baidu launch direct bank in fintech push

China Citic Bank Corp and search engine giant Baidu Inc on Saturday launched a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector.
Source: Reuters | 2017/11/19 21:23:39

Bluegogo’s failure ‘calls for tougher rules’on bike-sharing, authorities must address risks

The failure of several Chinese bike-sharing companies reflects problems in the fast-growing sharing economy, and more regulations are needed to curb irrational practices in the market, experts warned on Sunday.
Source: Global Times | 2017/11/19 21:18:39

China approves projects worth 10 bln USD in October

China's top economic planner approved 16 fixed-asset investment projects with total investment reaching 66.6 billion yuan (about 10 billion US dollars) in October.
Source: Xinhua | 2017/11/19 13:45:48

Record number of freight trains link China, Europe

The number of China-Europe freight trains reached a new annual record this year since starting operations in 2011, indicating closer economic ties between the two major markets.
Source: Xinhua | 2017/11/19 8:52:46

China's central bank to improve "twin pillar" policy framework

China's central bank will continue to improve its policy framework, which involves the use of both monetary tools and macro-prudential regulation to address risks while supporting growth, according to an official report.
Source: Xinhua | 2017/11/18 22:03:17

China to transfer state capital to social security funds

China will transfer some state capital including shares of state-owned companies (SOE) and financial institutions to the country's social security funds as an aging society puts pressure on pension payments, official document showed Saturday.
Source: Xinhua | 2017/11/18 11:28:34

China to maintain continuity, stability of monetary policy: PBOC

China will maintain continuity and stability of its monetary policy to help establish a modernized economic system, the country's central bank said Friday.
Source: Xinhua | 2017/11/18 8:17:05

Italian, Chinese businesses eye growth opportunities under Belt and Road

The Belt and Road Initiative would provide long-term development chances for growing industry sectors in Italy and China, according to professionals from both countries.
Source: Xinhua | 2017/11/18 7:54:26

German firms in China remain upbeat: poll

German companies in China remain optimistic despite concerns over regulations on foreign investments, according to the latest survey released by the German Chamber of Commerce in China on Friday.
Source: Global Times | 2017/11/17 19:58:39

S. Korea's exports top 500 bln USD at fastest pace

South Korea's exports topped 500 billion US dollars at the fastest pace in the country's history, a government report showed Friday.
Source: Xinhua | 2017/11/17 16:23:48

Central bank conducts highest weekly liquidity injection in 10 months

China's central bank injected a net 621 billion yuan (about 93.71 billion US dollars) into the market via open market operations this week to ease the liquidity strain, the largest amount in nearly 10 months.
Source: Xinhua | 2017/11/17 16:20:36

Singapore's non-oil domestic exports rebound 20.9 pct in October

Singapore's non-oil domestic exports (NODX) increased 20.9 percent year-on-year in October, rising at a much stronger pace than expected, official data showed on Friday.
Source: Xinhua | 2017/11/17 11:09:04

Xiongan to be tech test bed

Some high-tech products will be tested in the Xiongan New Area, North China’s Hebei Province, media reports said, citing Zhang Jun, deputy director of the Development Research Center of the State Council.
Source: Global Times | 2017/11/16 22:53:39