BUSINESS >> Economy

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

Russia and China sign nuclear deal

Russia's third-generation VVER-1200 nuclear technology will soon make its way into the Chinese market, after a deal was signed between Chinese and Russian companies. The Russian advance could be at the expense of US nuclear firm Westinghouse Electric Co, depriving the latter of a contract worth an estimated 80 billion yuan ($12.5 billion).
Source: Global Times | 2018/6/10 22:58:40

May producer inflation picks up for second consecutive month, momentum strong

China's producer inflation picked up for the second month in a row to a four-month high in May, buoyed by stronger commodity prices, suggesting the world's No.2 economy has retained growth momentum despite rocky trade relations with the US.
Source: Reuters-Global Times | 2018/6/10 22:48:40

Internet firms post faster Jan-Apr growth

China's internet businesses posted faster revenue growth in the first four months of the year, official data showed.
Source: Xinhua-Global Times | 2018/6/10 22:48:39

Property financing down

China's major property firms saw their financing slump in May as costs rose and the market cooled due to tightened government regulation.
Source: Xinhua-Global Times | 2018/6/10 22:38:40

Demo zone opens for CEEC

China has officially launched a demonstration zone in East China's Zhejiang Province to boost economic and trade ties with 16 Central and Eastern European Countries (CEEC), the Xinhua News Agency reported Sunday, citing China International Trade Representative and Vice Minister of Commerce Fu Ziying.
Source: Xinhua | 2018/6/10 22:38:39

Makingheadlines

Chinese battery maker Contemporary Amperex Technology Co (CATL) is scheduled to get listed on Shenzhen's Nasdaq-style ChiNext board on Monday, domestic news site yicai.com reported over the weekend
Source: Global Times | 2018/6/10 22:38:39

Excavator sales rising

Sales for China's major excavator producers continued to expand quickly in May, adding to evidence that economic activity remains strong.
Source: Xinhua-Global Times | 2018/6/10 22:33:40

Mobile phone shipments rise

China's mobile phone shipments returned to growth in May, ending 14 straight months of decline, according to the China Academy of Information and Communications Technology, the Xinhua News Agency reported on Sunday.
Source: Xinhua | 2018/6/10 22:33:40

Singapore company to draw up plan for Chinese zone near Sri Lanka port

Sri Lanka's cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt, owned by state investor Temasek Holdings, to draw up a plan for a Chinese investment zone in the country's southern port city of Hambantota, a government spokesperson said on Wednesday.
Source: Reuters-Global Times | 2018/6/10 22:33:39

M2 increase triggers worries

China's M2, a broad measure of money supply, has recently reached a level equivalent to that of the US and the eurozone combined, which has sparked market worries about inflation. But experts said that although such risks do exist, the problem is not likely to become severe.
Source: Global Times | 2018/6/10 22:28:39

China's business travel market has huge potential for growth: report

China's stable economic growth is fueling rapid expansion of its business travel market, creating opportunities for international companies, a report showed.
Source: Xinhua | 2018/6/10 19:23:15

Official calls for more economic cooperation between China, Kazakhstan

A Chinese trade official has called for more economic and trade cooperation between China and Kazakhstan.
Source: Xinhua | 2018/6/10 19:22:04

China's Internet businesses post faster revenue growth

China's Internet businesses posted faster revenue growth in the first four months of the year, official data showed.
Source: Xinhua | 2018/6/10 17:22:34

China to set up 30-bln-yuan lending facility under SCO framework: Xi

President Xi Jinping announced on Sunday that China will set up a 30-billion-yuan (4.7 billion US dollars) equivalent special lending facility within the framework of the Inter-Bank Consortium of the Shanghai Cooperation Organization (SCO).
Source: Xinhua | 2018/6/10 14:14:34

China supports building demo area in Qingdao for trade cooperation with SCO: Xi

President Xi Jinping said Sunday that the Chinese government supports building a demonstration area in Qingdao for local economic and trade cooperation between China and the Shanghai Cooperation Organization (SCO).
Source: Xinhua | 2018/6/10 12:01:16

China's structural change a model for LatAm to follow, says UN official

China's structural reforms are paradigmatic for Latin American countries in need of similar changes, according to a senior official of the United Nations' leading economic agency for the region.
Source: Xinhua | 2018/6/10 10:52:35

President Trump asked to reconsider US tariffs imposed on Canadian steel and aluminum

Canadian Prime Minister Justin Trudeau has pressed Washington to reconsider the US tariffs imposed on Canadian steel and aluminum, and encouraged President Donald Trump to work with Canada to address unfair trade.
Source: Xinhua | 2018/6/10 6:26:29