BIZ

Till stocks do us part


A recent divorce between Yan Jianbing, a board member of the Shenzhen-listed Shenzhen Ysstech Info-Tech Co, and his wife has resulted in a plunge in the company’s share prices. Many people have since become suspicious about the real intention behind the divorce. Yan’s divorce is a typical example of how the divorces of major shareholders from domestic listed companies are affecting the stock markets: Property split is changing the company’s ownership structure, bad reputation is causing the company’s shares to plunge in price and speculation is soaring over whether the divorcees are genuine or whether they are deceitfully separating in order to facilitate stock selling.

Till stocks do us part

A recent divorce between Yan Jianbing, a board member of the Shenzhen-listed Shenzhen Ysstech Info-Tech Co, and his wife has resulted in a plunge in ...

Less meat, more vegetables

China’s frozen dumpling makers are finding a quick route to winning new sales – increase the vegetable content and cut down on the meat.



Premier urges foreign firms to reinvest in China

Chinese Premier Li Keqiang on Tuesday urged foreign companies to reinvest their earnings in the country, encouraging them to explore growth opportunities in the reform-bound and innovation-oriented Chinese economy.
Source: Global Times | 2017/6/27 23:53:39

Reforms set to boost competitiveness

China’s financial market reforms will increase domestic institutions’ competitiveness and spur them to perform better, experts said on Tuesday at the annual Summer Davos in Dalian, Northeast China’s Liaoning Province.
Source: Global Times | 2017/6/27 22:58:40

Figuratively Speaking

1.55b Passengers carried by China’s transportation system in May, up 0.8 percent year-on-year.
Source: Global Times | 2017/6/27 22:58:39

Five ‘green finance’ pilot zones

Five pilot zones to promote “green finance” have been launched in China, which aims to help pay for a campaign on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to notices published by the central bank on Monday.
Source: Global Times - Reuters | 2017/6/27 22:53:40

India probes Chinese polyester yarn

The Indian government has launched an anti-dumping investigation into some polyester yarn from China, citing evidence for dumping, according to media reports on Tuesday.
Source: Global Times - Reuters | 2017/6/27 22:53:40

Firms launch partnership in Australia’s Santos

Two Chinese companies on Tuesday launched a strategic partnership with Santos, one of Australia’s largest natural gas producers.
Source: Xinhua | 2017/6/27 22:48:40

Fund will put $20b into Brazil infrastructure, tech

A China-sponsored $20 billion fund is accepting investment pitches, Brazil’s Planning Ministry’s foreign affairs secretary, Jorge Arbache, told journalists on Monday.
Source: Reuters | 2017/6/27 22:48:39

US beef sold at Sam’s in China as shipments resume

Sam’s Club, a membership store under US retail giant WalMart (China) Invetment Co, on Tuesday became the first physical store in China to sell beef from the US after shipments resumed for the first time since 2003.
Source: Global Times | 2017/6/27 22:48:39

Hong Kong a ‘super-connector’ between mainland, global markets: CMG

July 1 will mark the 20th anniversary of Hong Kong’s return to the motherland. As people on the island and the Chinese mainland prepare to celebrate the successes Hong Kong has achieved, the Global Times conducted a written interview with China Merchants Group (CMG) about Hong Kong’s role in bridging investment in the mainland and other countries and regions.
Source: Global Times | 2017/6/27 22:43:39

China rises in global aviation supply chain

A joint venture (JV) between Airbus and its Chinese partners reached a milestone on Tuesday as it delivered the 1,000th rudder to be used on Airbus A320 aircraft, a development that is being hailed as key step in the Chinese aviation industry’s globalization.
Source: Global Times | 2017/6/27 22:43:39

Davos Voices

“Deep reform is taking place in China’s transportation industry ... One of the most significant tasks of the reform is to achieve optimum efficiency ... the industry should also satisfy rich and personalized demand.”
Source: Global Times | 2017/6/27 20:38:39

Policies necessary to guide clean energy investment

Renewable energy technologies have matured with costs declining significantly, but national policies are still necessary in directing investment and ensuring the full use of clean energy in China, experts and senior corporate executives said Tuesday at a panel of the annual Summer Davos in Dalian, Northeast China’s Liaoning Province.
Source: Global Times | 2017/6/27 20:38:39

Industrial profit growth accelerates in May

Profits at China’s industrial companies surged 16.7 percent year-on-year in May, surpassing the 14 percent growth in April and confounding expectations of a slowdown amid higher borrowing costs and a cooling property market, the National Bureau of Statistics (NBS) said Tuesday.
Source: Reuters-Global Times | 2017/6/27 20:33:39