BUSINESS >> Economy

NDRC, China Construction Bank to set up fund to support strategic emerging sectors

China's top economic planner has signed a memorandum with China Construction Bank to set up a fund investing in strategic emerging sectors.
Source: Xinhua | 2018/6/12 19:58:12

Chinese economy steadies with faster structural transformation

The Chinese economy remained resilient last month as advanced indicators were solid and the pace of structural transformation picked up.
Source: Xinhua | 2018/6/12 17:59:50

US trade executive says protectionism "damaging" to world trade

"Extreme protectionism" could undermine free trade and runs contrary to the advance of globalization, a veteran US trade executive said in a press release Monday.
Source: Xinhua | 2018/6/12 14:21:57

Top US economic adviser hospitalized for heart attack

Top US economic adviser Larry Kudlow has been sent to a medical center on Monday after suffering a heart attack.
Source: Xinhua | 2018/6/12 9:05:23

China to step up SCO investment

China is poised to increase investment in fellow Shanghai Cooperation Organisation (SCO) member states, offering billions of dollars in special loans that will boost infrastructure and industrial development in these countries, experts said, while also increasing economic and trade cooperation within the traditionally security-focused bloc.
Source: Global Times | 2018/6/11 22:43:39

Chinese mobile game developers gain ground in S.Korea

Chinese mobile game developers have been increasing their market share in South Korea over the last year, which indicates the growing competitiveness of the country's cultural exports, industry insiders said.
Source: Global Times | 2018/6/11 22:38:39

Boost for dairy industry

China is planning a full-scale revitalization of its dairy industry by 2025, according to guidelines issued by the State Council.
Source: Global Times | 2018/6/11 22:23:40

Auto sales up in May

China's automobile sales rose 9.6 percent year-on-year to 2.29 million units in May, with the sales of passenger cars rising 7.89 percent to 1.89 million, the China Association of Automobile Manufacturers (CAAM) said on Monday.
Source: Global Times | 2018/6/11 22:23:39

Nation's annual 35-day fishing ban starts on Heilongjiang River

China on Monday imposed a 35-day fishing ban in the main stream of the Heilongjiang River on the border with Russia.
Source: Xinhua-Global Times | 2018/6/11 22:18:40

China-funded road section opened in Cambodia

Cambodia on Monday inaugurated a 251-kilometer section of the China-funded national road No.6 from southeastern Kampong Cham province to northwestern Siem Reap province.
Source: Xinhua-Global Times | 2018/6/11 22:18:40

Home prices stabilize in China-North Korea border city, underscoring need for new economic drivers

Home prices have stabilized in Dandong, Northeast China's Liaoning Province, which borders North Korea. But experts noted that prices are still “higher than they should be,” and border business with North Korea and tourism should be further promoted to drive local economic growth.
Source: Global Times | 2018/6/11 22:08:39

Chinese refrigerator maker Frestech sells equities via online auction in liquidation process

Chinese refrigerator maker Frestech Co (Xinfei) is selling its equities via an online auction as part of a liquidation process after an April pull out by its Singaporean investor, domestic news site huanqiu.com reported on Sunday.
Source: Global Times | 2018/6/11 22:03:40

US approves Oceanwide's purchase of Genworth

A US panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group's purchase of insurer Genworth Financial, Reuters reported Monday.
Source: Reuters-Global Times | 2018/6/11 21:58:42

HSBC to invest $15-17b by 2020 in strategic pivot

HSBC will invest $15 billion to $17 billion in the next three years in areas including technology and its core Asian markets of the Chinese mainland and Hong Kong as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday.
Source: Reuters-Global Times | 2018/6/11 21:58:41

China aims to improve dairy industry

China on Monday unveiled guidelines to make a series of improvements to its dairy industry.
Source: Xinhua | 2018/6/11 21:53:24

Xiaomi files to issue CDRs, more unicorns to follow

Domestic smartphone maker Xiaomi Inc filed an application to issue Chinese Depository Receipts (CDRs), according to a Monday morning announcement posted on the official website of the China Securities Regulatory Commission (CSRC).
Source: Global Times | 2018/6/11 21:18:39

Merkel says EU ready to retaliate in escalating trade war with US

German chancellor Angela Merkel (CDU) has sent a warning to US President Donald Trump that the European Union (EU) stands ready to retaliate in an escalating trade war between the two transatlantic powers.
Source: Xinhua | 2018/6/11 20:11:30

China plans to offer incentives for positive social credit ratings

China on Sunday announced it will launch an incentive initiative for people with good social credit, chinanews.com reported on Sunday, citing Chen Hongwan, an official with the National Development and Reform Commission.
Source: Global Times | 2018/6/10 22:58:40