BIZ

China Unicom leading SOE reform


China’s mixed-ownership reform in State-owned enterprises (SOEs) has made steady progress in recent months, illustrated by China Unicom’s plan for a 78 billion yuan ($11.69 billion) stake sale involving high-profile investors including Tencent, Baidu and Alibaba.

Real estate stabilization

Beijing authorities are mulling over new homes that will be owned jointly by the government and individuals to help first-time home buyers get onto the ...

Let’s breed

The donkey is more than just a mode of transport in some less economically developed countries. Its skin can be used to produce ejiao, a ...



Figuratively Speaking

165 The number of Public-Private Partnership projects that China will promote during the second half of 2017, the National Development and Reform Commission said Wednesday.
Source: Global Times | 2017/8/16 20:58:39

Games lift Tencent to outstanding Q2

A strong performance in online games boosted Chinese videogame and social media giant Tencent’s performance in the second quarter, as the company announced a 59 percent year-on-year increase in revenue to 56.6 billion yuan ($8.46 billion) on Wednesday.
Source: Global Times | 2017/8/16 20:53:39

London zinc reaches its highest in almost a decade on China construction spend

London zinc hit its highest in almost a decade on Wednesday as Chinese infrastructure demand that has fed a rally in steel prices for months spills into markets of steelmaking raw materials.
Source: Reuters-Global Times | 2017/8/16 17:58:39

Weak lending data hits mainland stocks

Chinese mainland stocks closed lower on Wednesday as investor sentiment was undermined by concerns over weakening economic growth, but losses were kept in check by solid gains for tech shares.
Source: Reuters-Global Times | 2017/8/16 17:53:40

Oil up on falling US crude stock

Oil prices edged up on Wednesday, lifted by declining US crude inventories, although markets were still restrained by general oversupply.
Source: Reuters-Global Times | 2017/8/16 17:53:40

Lithium trade to transform

China is a country with large lithium carbonate reserves, with the figure standing at 17 million tons in 2016. But China still imports a large amount of the material used for lithium-ion batteries in new-energy vehicles, which an expert said is due to inadequacy in lithium exploitation mainly caused by geographical difficulties. Thus, many domestic lithium resource developers like Huayou Cobalt Co and Jiangxi Ganfeng Lithium Co have begun expanding overseas by making full use of lithium resources in Australia and Africa.
Source: Global Times | 2017/8/16 17:53:39

China takes measures to promote foreign investment growth

The State Council, China's cabinet, on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.
Source: Xinhua | 2017/8/16 17:15:00

For NAFTA renegotiations to succeed, misconceptions must be addressed

On the eve of the opening round of renegotiating North American Free Trade Agreement (NAFTA), experts are urging the US government to get rid of its misconceptions about a trade imbalances and genuinely discuss the issues at hand with Canada and Mexico.
Source: Xinhua | 2017/8/16 16:51:19

Langham Hospitality Group holds Chinese culinary competition

The 2017 Langham Rising Star Chinese Culinary Competition of the Langham Hospitality Group was held in Guangzhou, Guangdong Province at the beginning of Autumn on the Chinese lunar calendar.
Source: Global Times | 2017/8/16 15:33:39

World Youth Business Conference opens in Beijing

On August 12, the 18th International Youth Day, the 1st World Youth Business Conference 2017 took place in Beijing. Li Jinhua, the vice chairman of the Chinese People’s Political Consultative Conference announced the start of the conference. Some 500 representatives from different countries and regions attended the event in which they shared ideas over the establishment of a common destiny of the World Young Businesses under the background of global economy.
Source: Global Times | 2017/8/16 15:18:39

Cargo train links Poland with China's Jiangxi

A new China-Europe freight train was launched Tuesday, linking Poland with Ganzhou in east China's Jiangxi Province.
Source: Xinhua | 2017/8/16 14:15:34

China reclaims position as world's largest holder of US treasuries

China reclaimed its position as the world's largest holder of US Treasury securities in June after nine months, the latest data from the US Treasury Department showed on Tuesday.
Source: Xinhua | 2017/8/16 14:15:13

South Korea to take action to stabilize financial markets amid rising geopolitical risks

South Korea's highest economic policymaker and top central banker agreed Wednesday to take measures, if necessary, to stabilize financial markets amid rising geopolitical risks on the Korean Peninsula.
Source: Xinhua | 2017/8/16 13:21:59