BIZ

Era of easy money ending in China


Monetary policy will probably get tighter this year in China, but experts said that a liquidity crunch is unlikely in the world’s second-largest economy.


Airlines build more overseas connections with China

In less than a week, one of China’s largest airlines opened two direct flights from Southwest China to Los Angeles in an effort to grab a bigger piece of one of the world’s fast-growing commercial flight markets.
Source: Global Times | 2017/3/23 19:28:39

2017 World Ladies Championship ends

The 2017 World Ladies Championship was held on the Blackstone Course at Mission Hills in Haikou, Hainan Province from March 17 to 19. A total of 126 female golfers from the China Ladies Professional Golf Association (CLPGA), the Korea Ladies Professional Golf Association (KLPGA) and the Ladies European Tour participated in the competition. The total prize payout for the championship was about $600,000.
Source: Global Times | 2017/3/23 18:38:39

Pakistan National Day celebrated in China

Pakistan Day was celebrated with national spirit and fervor at the Embassy of Pakistan in Beijing in a ceremony to mark the passing of the Pakistan Resolution on March 23, 1940.
Source: Globaltimes.cn | 2017/3/23 16:26:16

China to request expert panel to investigate trade dispute with EU for a second time

China will soon submit another request that the WTO establish an expert panel to investigate trade discrimination by the EU, a spokesperson for China's Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2017/3/23 13:48:39

Vietnam sees increasing Chinese FDI in 2 months

Vietnam has seen an increasing figure of foreign direct investment (FDI) from China in the first two months of 2017, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment on Thursday.
Source: Xinhua | 2017/3/23 13:40:05

AIIB approves 13 new members

The Asian Infrastructure Investment Bank announced on Thursday that it has approved 13 new members to join the bank, including five regional and eight non-regional members.
Source: Global Times | 2017/3/23 11:38:39

AIIB approves 13 new applicants, expands membership to 70

The Asian Infrastructure Investment Bank (AIIB) announced Thursday that its Board of Governors has adopted resolutions approving 13 applicants to join the bank, bringing the bank's total approved membership to 70.
Source: Xinhua | 2017/3/23 10:53:20

China continues to top global trademark application

China filed 3.69 million trademark applications in 2016, up 28.4 percent over 2015, the the State Administration for Industry and Commerce (SAIC) said Wednesday.
Source: Xinhua | 2017/3/23 7:33:52

China's ICBC starts renminbi clearing services in Russia

Industrial and Commercial Bank of China (ICBC) officially started operating as a Chinese renminbi (CNY) clearing bank in Russia Wednesday, a move set to facilitate the use of the currency and cooperation in various fields between the two countries.
Source: Xinhua | 2017/3/23 7:33:36

China has potential to speed up capital market development: expert

China has potential to develop a deeper, more liquid capital market with greater choice of investment products, Mark Austen, the CEO of the Asia Securities Industry and Financial Markets Association (ASIFMA) said in Hong Kong on Wednesday.
Source: Xinhua | 2017/3/23 7:32:24

US auto makers at risk if Trump targets China’s industry

US carmakers such as General Motors and Ford Motors would stand to lose the most if tensions rise in automotive trade between China and the US, Chinese experts warned on Wednesday.
Source: Global Times | 2017/3/22 23:33:40

Tencent Q4 profit rises 47%, boosted by payments, cloud

Social media and online entertainment company Tencent Holdings on Wednesday reported a 47 percent rise in fourth-quarter profit, helped by strong growth in new revenue streams such as payment and cloud services.
Source: Reuters-Global Times | 2017/3/22 23:03:39

Geely says it doubles earnings during 2016

Geely Automobile Holdings on Wednesday reported its biggest profit growth in eight years, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales.
Source: Reuters-Global Times | 2017/3/22 22:58:40