BUSINESS >> Economy

China's ODI sees rapid growth

China's non-financial outbound direct investment (ODI) continued to see double-digit growth in the first quarter of the year, official data showed Monday.
Source: Xinhua-Global Times | 2018/4/16 21:38:39

Sichuan tackles poverty

A photovoltaic (PV) project aimed at reducing poverty has gone into operation in a remote county in Southwest China's Sichuan Province, the Xinhua News Agency reported on Monday.
Source: Xinhua-Global Times | 2018/4/16 21:33:40

SOEs can handle risks in overseas deals, says SASAC

Chinese State-owned enterprises (SOEs) have encountered investment risks in overseas markets, but this is not a major problem, Peng Huagang, a spokesperson for the State-owned Assets Supervision and Administration Commission (SASAC), said on Monday.
Source: Global Times | 2018/4/16 21:33:39

Aussie wine exports up

The value of Australia's wine exports has hit the highest mark in a decade, a report released on Monday found.
Source: Xinhua-Global Times | 2018/4/16 21:23:39

Figuratively Speaking

6.9% Forecast for China's GDP growth in the first quarter of 2018, news site finance.sina.com reported on Monday, citing Zhu Baoliang, an economist at the State Information Center.
Source: Global Times | 2018/4/16 21:18:39

Ordinary people hit by trade tension

I traveled to the US last week, amid the heat of a “trade war” between China and the US. The week before, the two sides exchanged fire with a flurry of tariffs, following the US move after its Section 232 investigation into Chinese steel and aluminum products.
Source: Global Times | 2018/4/16 20:58:39

Carmakers optimistic about new opening-up measures

The nation's pledge to further open its economy will bring more opportunities than challenges, Chinese carmakers attending the country's largest trade fair said on Monday.
Source: Xinhua-Global Times | 2018/4/16 20:53:39

Chinese willing to support BeiDou navigation system instead of US GPS

People in China are eagerly looking forward to the nation's own navigation app that's expected to debut next month and improve navigation accuracy to within 1 meter. Many netizens expressed the hope of shifting from the global positioning system (GPS) to China's BeiDou navigation and positioning system.
Source: Xinhua-Global Times | 2018/4/16 20:48:40

M&A deals in ASEAN surge in 2017

Chinese mergers and acquisitions (M&As) in countries that are part of the Association of Southeast Asian Nations (ASEAN) soared in 2017 despite a slump in overall outbound investment, thanks largely to the Belt and Road initiative (B&R), according to a report.
Source: Xinhua-Global Times | 2018/4/16 20:43:40

Ex-insurance regulator charged

The former chairman of China's insurance regulator Xiang Junbo has been formally charged on suspicion of taking bribes, the country's top prosecutor said on Monday.
Source: Reuters | 2018/4/16 20:43:39

Iconic Chinese sedan brand to open 100-plus sales centers in 2018

Chinese automaker FAW Group will open more than 100 dealerships for Hongqi (Red Flag), the country's iconic sedan brand, this year, the company said in a statement on Monday.
Source: Xinhua-Global Times | 2018/4/16 20:08:39

Approval for Irish beef imports

China has approved imports of frozen boneless beef from three Irish beef processors, Ireland's national broadcaster RTE said on Monday, citing Minister for Agriculture Michael Creed.
Source: Reuters | 2018/4/16 19:58:40

Hydropower station opens in Pakistan

The Neelum-Jhelum Hydropower Station in Pakistan, built by China Gezhouba Corp (CGGC), began generating electricity on Friday, according to a statement on the WeChat account of CGGC over the weekend.
Source: Xinhua-Global Times | 2018/4/16 19:58:39

ICBC investment banking in Singapore

The Singapore branch of the Industrial and Commercial Bank of China (ICBC Singapore) on Monday launched investment banking services after receiving accreditation as an issue manager from the Singapore Exchange.
Source: Xinhua | 2018/4/16 19:53:40

Pintec, UOB to explore Southeast Asia

Pintec Technology Holdings, a Chinese fintech company, and Singapore's United Overseas Bank announced on Monday the establishment of a joint venture that aim to launch a next-generation digital credit assessment solution in Southeast Asian market.
Source: Xinhua-Global Times | 2018/4/16 19:53:40

Dada-JD daojia, CR Vanguard deal

Dada-JD daojia (JDDJ), an online-to-offline platform under e-commerce giant JD.com Inc, announced on Monday that it has signed a cooperation agreement with retailer CR Vanguard to connect supermarkets under the brand to online services, according to a statement JDDJ sent to the Global Times.
Source: Reuters-Global Times | 2018/4/16 19:53:39

Time's ripe for Pear with Tencent-led funding

The domestic short video industry will see the emergence of dozens of unicorns, supported by an inflow of private capital and guided by government regulations, experts told the Global Times on Monday.
Source: Global Times | 2018/4/16 19:43:39

China, Japan eye B&R cooperation

China and Japan are in talks to find common projects for cooperation under the Belt and Road initiative (B&R), with Japan having shown growing interest in recent months in taking part in the China-proposed massive infrastructure initiative.
Source: Global Times | 2018/4/16 19:08:39