BIZ

Criticism, regulatory tightening to weigh on share price: experts


Chinese online lender Qudian Inc is under fire in China after what observers said was a less-than-impressive interview by its CEO Luo Min Sunday that was aimed fending off criticism of the company's business practices. The critics said it could instead exacerbate the company's domestic image and hurt its share price.

China benefits from culture sector reform

China's culture industry has been developing rapidly over the last five years, especially due to its integration efforts with other sectors, enabling it to become ...

New age of recycling

After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste - piles of exhausted ...



Egypt explores BYD monorail feasibility

China's new-energy technology company BYD said that it struck a deal over the weekend on the possible expansion of its SkyRail monorail to Alexandria, Egypt's second-largest city.
Source: Global Times - Reuters | 2017/10/23 22:13:39

Natural gas imports soar

China's imports of liquefied natural gas surged 37.2 percent to 3.45 million tons in September, the second-highest level on record, just ahead of the winter heating season, according to data released by the General Administration of Customs on Monday.
Source: Xinhua-Global Times | 2017/10/23 22:08:40

CNPC imports first gas from Kazakhstan

Kazakhstan has started supplying gas to China via the Central Asia-China gas pipeline system, State-owned China National Petroleum Corp (CNPC) said on Monday.
Source: Global Times - Reuters | 2017/10/23 22:08:40

Foreign tourists to S.Korea still falling

The number of foreign tourists visiting South Korea has kept falling for seven straight months, with Chinese tourists less eager to visit the country, a report showed Monday.
Source: Xinhua | 2017/10/23 22:08:39

Sino-German trade relations still on an upward path

Economic relations between China and Germany have been successful over the past 40 years. In 2016, bilateral trade reached a record high of nearly 170 billion euros ($199.71 billion), and China became for the first time Germany's most important trading partner, surpassing the US and France.
Source: Global Times | 2017/10/23 22:08:39

Urban home prices continue easing in Sep, NBS figures show

In September, housing prices in China's first-tier cities continued to decline month-on-month while prices in many second- and third-tier cities also fell further, according to data released by the National Bureau of Statistics (NBS) on Monday.
Source: Global Times | 2017/10/23 22:03:40

Steady growth seen in PPP projects: Moody’s

China's Public-Private Partnership (PPP) projects are growing at a steady pace, with fast expansion seen in the pipeline of projects and improvements in transparency and protection for investors, said a Monday report by Moody's Investors Service.
Source: Global Times | 2017/10/23 22:03:40

Tesla reaffirms effort to build cars in China; mum on Shanghai deal report

Electric car maker Tesla Inc reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the area and expects to agree on a plan by the end of the year, but it declined to comment on a report that a deal has been reached.
Source: Reuters-Global Times | 2017/10/23 22:03:39

Basketball star Yao scores windfall in IPO

Basketball star Yao Ming reportedly reaped a windfall from a stake in a company that went public on Friday in Shanghai, domestic news site nbd.com.cn reported on Monday.
Source: Global Times | 2017/10/23 22:03:39

Beijing's commercial property sales down 49 pct

Commercial property sales in Beijing totaled 5.65 million square meters in the first nine months of this year, down 49.2 percent year on year, according to the latest data released by the local statistics authority on Monday.
Source: Xinhua | 2017/10/23 21:08:54

23 years of service

On October 19, staff of a moving company help pack the belongings of a loyal employee surnamed Cheng (alias). She has been working on the trading floor of the Hong Kong Stock Exchange (HKEX) since 1994. The historical hall where she has worked for more than two decades is currently in the process of closing down as activity on the floor has dwindled since stock dealing became fully computerized. HKEX said the hall would be remade into an exhibition and event space for the city’s financial markets.
Source: VCG | 2017/10/23 18:58:39

China’s Baowu Steel to consider other M&A opportunities

China's top steel maker Baowu Steel Group Co, formed in a mega merger last year, will consider other merger and acquisition opportunities amid a government drive to consolidate the market and cut overcapacity.
Source: Reuters-Global Times | 2017/10/23 18:53:40

Oil prices rise above $50 over supply concerns

Oil prices rose on Monday over supply concerns in the Middle East and as the US market showed further signs of tightening while demand in Asia keeps rising.
Source: Reuters-Global Times | 2017/10/23 18:53:39