BIZ

Foreign investors drawn by safe-haven assets, easier access


The Chinese economy may be showing signs of a slowdown, but foreign investors, particularly central banks and sovereign funds, appear unconcerned as they continue to pour large sums into purchasing Chinese government bonds. And they are poised to further increase their positions as greater access to the Chinese bond market is expected.


China's foreign trade to remain steady in 2018: report

China's foreign trade will maintain steady growth in 2018, as the country's economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce.
Source: Xinhua | 2018/12/16 23:11:55

US allies may divide in containing Huawei

Voices against calls for a boycott of Chinese telecom giant Huawei have emerged in France and Germany despite Washington's alleged attempts to persuade wireless companies and internet providers in allied countries to shun equipment made by Huawei.
Source: Global Times | 2018/12/16 21:38:39

Boeing's plant in Zhejiang delivers first plane, marking new era

US planemaker Boeing and its Chinese joint venture partner Commercial Aircraft Corp of China (COMAC) announced the delivery of the first airplane, a 737 Max, to Air China from the new 737 Completion and Delivery Center in Zhoushan, East China's Zhejiang Province on Saturday.
Source: Global Times | 2018/12/16 21:29:54

Foreign investors drawn by safe-haven assets, easier access

The Chinese economy may be showing signs of a slowdown, but foreign investors, particularly central banks and sovereign funds, appear unconcerned as they continue to pour large sums into purchasing Chinese government bonds. And they are poised to further increase their positions as greater access to the Chinese bond market is expected.
Source: Global Times | 2018/12/16 21:18:39

Chinese may avoid Canadian property amid Huawei spat

Key property markets in Vancouver and Toronto, which has been struggling, could be the next casualties as the diplomatic spat between China and Canada that broke out in the wake of the arrest of a Huawei executive keeps intensifying.
Source: Global Times | 2018/12/16 21:17:12

Canada Goose delays store opening in Beijing as consumers protest Huawei arrest

The debut of the first brick-and-mortar store of Canada Goose in the Chinese mainland was delayed from Saturday amid tensions between China and Canada.
Source: Global Times | 2018/12/16 21:03:40

Making headlines

This year's China International Finance Forum (CIFF), which was held in Shanghai over the weekend, featured the theme of construction of modern financial system for the high-quality development.
Source: Global Times – Xinhua | 2018/12/16 21:03:40

Foreign automakers reduce prices on cars made in US after govt announces tariff cuts

US tech giant Tesla Inc and German automaker BMW have reduced prices in the Chinese market for their US-built luxury cars following the Chinese government's announcement that it will cut auto tariffs, marking progress in trade negotiations between China and the US.
Source: Global Times | 2018/12/16 21:03:39

Chinese firms in Kenya 'contribute to economic growth, create jobs'

Chinese firms in Kenya have contributed to the economic growth of the east African nation, creating tens of thousands of jobs in 2018 alone, the Xinhua News Agency reported over the weekend.
Source: Xinhua | 2018/12/16 20:58:39

SMEs raise funds on third board

Small- and medium-sized enterprises (SMEs) raised 5.98 billion yuan ($866 million) on China's “new third board” in November, the National Equities Exchange and Quotations said Sunday, up 46.6 percent month-on-month.
Source: Xinhua-Global Times | 2018/12/16 20:36:44

Regulator imposes penalties

China's securities regulator has penalized three individuals for illicit stock and securities trading.
Source: Xinhua-Global Times | 2018/12/16 20:36:44

Nation approves $3.5b projects in Nov

China's top economic planner approved 13 fixed-asset investment projects in November with a combined investment of 24.2 billion yuan ($3.5 billion), latest data showed. The projects were primarily in the high-tech and transportation sectors, according to the National Development and Reform Commission.
Source: Xinhua-Global Times | 2018/12/16 20:08:40

TCM maker apologizes over scandal

Beijing Tongrentang Co, Beijing's oldest traditional Chinese medicine store, reportedly apologized after media reports unveiled loopholes in its supply chain, which allegedly recycled expired honey.
Source: Xinhua-Global Times | 2018/12/16 20:08:39