BUSINESS >> Economy

Japan's economy expands annualized 0.5 percent in October-December period

Japan's economy grew at an annualized rate of 0.5 percent in the October-December period, the government said on Wednesday.
Source: Xinhua | 2018/2/14 10:55:09

Xi highlights real economy, high-quality manufacturing

Chinese President Xi Jinping has stressed the development of the real economy and high-quality manufacturing in his recent inspections in southwest China ahead of the Chinese Lunar New Year.
Source: Xinhua | 2018/2/14 10:25:26

Dongguan, a city in South China's Guangdong Province, has been enjoying dividends of China's economic reform and opening-up. It has grown into the world's factory as a large part of products made there are shipped to the global market.
Source: Chen Qingqing in Dongguan | 2018/2/14 9:29:14

US announces trade probes into imported large diameter welded pipe

The US Commerce Department has launched anti-dumping (AD) and countervailing duty (CVD) investigations against imports of large diameter welded pipe from several countries, the latest trade protectionist move by the Donald Trump administration.
Source: Xinhua | 2018/2/14 8:41:06

HNA Group selling assets to raise cash

Domestic conglomerate HNA Group, which in recent years expanded its assets via debt-fueled acquisitions of overseas property and companies, is now selling off real estate assets to raise cash, leading observers to speculate that the company is having financial problems amid a push by the Chinese government to reduce leverage in the economy.
Source: Global Times | 2018/2/13 21:08:39

Mexican bank seeks Chinese partners for project finance

Mexican banking and financial group Interacciones is looking to work with Chinese companies on financial backing for infrastructure, energy and transport projects in Mexico, according to the group's general director Carlos Rojo.
Source: Reuters-Global Times | 2018/2/13 20:57:47

GM to shut one S.Korean plant, more restructuring could follow

General Motors Co said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing business in Asia's fourth-biggest economy.
Source: Reuters-Global Times | 2018/2/13 20:57:47

No discounts? No problem! New year drives liquor sales

With the approach of the Chinese lunar new year, which falls on Friday, baijiu or white spirits – a must-buy for most Chinese – are even more popular than last year. Experts said that the increasing demand, which has developed despite higher prices and fewer promotions, is mainly due to a shift in Chinese people's consumption patterns.
Source: Global Times | 2018/2/13 20:57:46

Didi partners with SoftBank into Japan market

China's Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services. The move into Japan underscores a recent push by Didi to expand in markets outside China, although it will face challenges in Japan, where existing taxi companies are lobbying hard against deregulation.
Source: Reuters-Global Times | 2018/2/13 20:57:46

Chinese banks bid for Germany lender

Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among the potential bidders for German transport finance lender DVB Bank, three sources familiar with the matter said.
Source: Reuters-Global Times | 2018/2/13 20:53:40

China Eastern deal

China Eastern announced on Tuesday that it had signed a strategic cooperation framework with developer Vanke Group involving sectors such as property, air transport and finance, the Securities Times reported on Tuesday.
Source: Global Times | 2018/2/13 20:53:40

Ant 'to raise $5b'

Ant Financial Services Group, the financial arm of technology company Alibaba Group, is planning to raise up to $5 billion in its latest series of fundraising, the Wall Street Journal reported on Tuesday, citing sources close to the matter.
Source: Global Times | 2018/2/13 20:53:39

Figuratively Speaking

7 Stocks included in the MSCI China A International Index such as Hangzhou Bank, effective March 1. Meanwhile, three stocks were excluded from the index.
Source: Global Times | 2018/2/13 20:48:39

Outbound tourism set to rise, more overseas trips likely during Spring Festival period

Chinese mainland tourists' enthusiasm for overseas travel is expected to reach new heights during the upcoming Spring Festival holidays, while demand for inbound tourism will be more moderate.
Source: Global Times | 2018/2/12 22:23:41

Outbound tourism set to rise, more overseas trips likely during Spring Festival period

Chinese mainland tourists' enthusiasm for overseas travel is expected to reach new heights during the upcoming Spring Festival holidays, while demand for inbound tourism will be more moderate.
Source: Global Times | 2018/2/12 22:03:40

China says firms issuing debt cannot accept guarantees from local governments

Chinese companies issuing bonds must not request or accept any type of guarantees from local governments for debt financing, the nation's top State planner said on Monday, in a notice detailing new rules for corporate bond issuance.
Source: Reuters-Global Times | 2018/2/12 21:38:39

Insurance firms told to cap offshore financing

China's insurance regulator said on Monday that insurance firms must cap their outstanding offshore financing that is backed by domestic guarantees at 20 percent of net assets as of the end of the previous quarter.
Source: Reuters – Global Times | 2018/2/12 21:33:39

Taking first step of foreign investment: Chia Tai Conti

Located in the Shekou Industrial Zone of Shenzhen, where property and financial services companies are gathered, a manufacturing company occupying 23,064 square meters stands out. That's not only because of the space it takes at such an expensive site but also because of its historic significance – the first solely foreign-funded company in the Chinese mainland.
Source: Global Times | 2018/2/12 21:08:40