BIZ

Local GDP shows reform effects


First quarter GDP data just published by 17 areas underlines the structural reforms and optimization taking place from Chinese coastal provinces to inland areas, experts said on Monday.


Scrap metal imports reduced

China's scrap metal imports in March fell by 24.6 percent year-on-year as new curbs on foreign solid waste came into effect for the first time, while waste paper imports slid by 54.2 percent and the country imported zero plastic.
Source: Reuters-Global Times | 2018/4/23 21:53:42

Crackdown on illegal fundraising

The People's Bank of China (PBC), the central bank, said on Monday it will closely monitor interest rates charged by private lenders, securities companies and futures firms to crack down on illegal fundraising.
Source: Reuters-Global Times | 2018/4/23 21:53:41

China to push for big data development, says MIIT official

China will launch multifaceted efforts to support the development of big data technologies, as part of the country's broader push to develop a digital economy, a top official at the Ministry of Industry and Information Technology (MIIT) said on Monday.
Source: Global Times | 2018/4/23 21:53:40

FigurativelySpeaking

40.2 billion yuan The value of lottery tickets sold across the country in March, an increase of 5.9 percent year-on-year.
Source: Global Times | 2018/4/23 21:53:39

Central bank injects more funds to balance liquidity

China's central bank continued to inject funds into the financial system via open market operations on Monday.
Source: Xinhua | 2018/4/23 21:48:40

Politburo sets out priorities for economic work

The Political Bureau of the Communist Party of China (CPC) Central Committee, in a meeting on Monday, set the tone for economic work for the remainder of the year, calling for “all efforts” in the fight against financial risks, poverty and pollution, while maintaining stability in the economy.
Source: Global Times-Xinhua | 2018/4/23 21:48:39

GM Korea, union wage deal

General Motors' South Korean unit said that it reached a tentative wage deal with its labor union on Monday, meeting a key condition laid down by the US automaker to prevent it filing for bankruptcy for the loss-making operation.
Source: Reuters-Global Times | 2018/4/23 21:18:39

Good Doctor set to list in HK

Good Doctor, which is formally known as Ping An Healthcare & Technology Co, is scheduled to get listed in Hong Kong on May 4. The company has attracted investors including GIC Pte and Khazanah Nasional Bhd, Bloomberg reported on Monday.
Source: Reuters-Global Times | 2018/4/23 21:13:41

MeiG cooperates with SoftBank

Chinese Internet of Things (IoT) solution provider Shenzhen MeiG Smart Technology Co said on Monday that it is cooperating with Japan-based Softbank in the intelligent terminal product sector, the Securities Times reported.
Source: Global Times | 2018/4/23 21:13:40

NIO Capital completing offshore fund

NIO Capital, a subsidiary of Chinese electric vehicle start-up NIO, is anticipated to complete its first round of offshore funding worth $500 million, Bloomberg reported on Monday, citing people familiar with the matter.
Source: Global Times | 2018/4/23 21:13:40

Local GDP shows reform effects

First quarter GDP data just published by 17 areas underlines the structural reforms and optimization taking place from Chinese coastal provinces to inland areas, experts said on Monday.
Source: Global Times | 2018/4/23 21:13:40

Expansion of Yu'e Bao slows in Q1 after fund limits daily deposits

Purchase restrictions imposed by Alibaba's Yu'e Bao took effect as the balance of the online fund grew at a slower pace in the first quarter, data from Tianhong Fund Management, co-founder of Yu'e Bao, showed on Monday.
Source: Global Times | 2018/4/23 21:13:39

China fund managers slash ZTE valuation after US sanctions

Chinese funds have slashed valuations of ZTE Corp after the US banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatens its survival.
Source: Reuters-Global Times | 2018/4/23 21:13:39