BIZ

Alibaba's Yu'e Bao becomes largest money market fund globally


Alibaba's four-year-old Yu'e Bao surpassed JPMorgan's US government money market fund to become the world's largest, according to the Financial Times.


China aims to become world auto-making powerhouse

China is aiming to become a world auto-making powerhouse in a decade, vowing to boost development of new energy vehicles (NEVs) and relax restrictions on foreign ownership.
Source: Xinhua | 2017/4/25 13:06:47

China's Hong Kong to have first Cambodian domestic helpers

China's Hong Kong Special Administrative Region (SAR) is expected to have its first batch of Cambodian domestic helpers this September, thanks to relaxation of visa restrictions in order to promote human communications with countries along the Belt and Road Initiative.
Source: Xinhua | 2017/4/25 7:45:10

China will not tolerate fake economic data

The Chinese government has zero tolerance for any fabrication of economic data as it knows the importance of authentic figures in making correct decisions and bringing tangible benefits to its people.
Source: Xinhua | 2017/4/25 7:44:52

Nasdaq posts record close after first round of French election

US stocks closed sharply higher on Monday as investors cheered the results of the first round of French election, with Nasdaq hitting all-time high.
Source: Xinhua | 2017/4/25 7:35:21

Govt steps up effort to curb water pollution

The contaminated pits recently found in North China are symptomatic of a larger problem, but the central government is stepping up efforts to curb water pollution across the country although the process is hard and time-consuming, experts said Monday.
Source: Global Times | 2017/4/24 23:18:39

Upgrades to manufacturing

China will make unwavering efforts in upgrading its manufacturing industry as the nation transitions to an economy that relies more on innovation and high value-added products, the Xinhua News Agency reported Monday.
Source: Global Times - Xinhua | 2017/4/24 22:28:39

Special tariff on sugar

The Ministry of Commerce of China plans to impose a special tariff for out-of-quota sugar on top of the current 50 percent tariff, domestic news portal jiemian.com reported on Monday, citing Bloomberg News.
Source: Global Times - Xinhua | 2017/4/24 22:28:39

Competition rising but housing outlook stable

The outlook for China's property market is stable, but the operating environment will become more challenging and competition will intensify, according to a report released by Moody's Investors Service on Monday.
Source: Global Times | 2017/4/24 22:23:39

Australia to pursue FTA with Hong Kong SAR emphasizing services sector

The Australian government has announced to pursue a free trade agreement (FTA) with Hong Kong Special Administrative Region (SAR) in an attempt to secure further services export opportunities for Australian businesses, the Xinhua News Agency reported Monday.
Source: Xinhua-Global Times | 2017/4/24 22:18:40

Hopes rise for China in MSCI

The chances of MSCI Inc adding China-listed shares to its global index have risen significantly since it proposed to cut the number of companies to include, investors said, but capital controls and market access snags may still pose a hurdle.
Source: Reuters-Global Times | 2017/4/24 22:18:39

China Mobile may invest in Singapore’s M1

Top shareholders in Singapore telecoms company M1 Ltd have approached potential buyers China Mobile and global private equity firms, among others, to sell their combined majority stake in the company, sources familiar with the matter said over the weekend.
Source: Reuters-Global Times | 2017/4/24 22:08:39

Rapeseed sector getting crushed by imports

The domestic rapeseed farming and processing industries have been pushed to the edge by imports, according to media reports, and experts said farmers’ welfare, especially their pensions, must be enhanced to improve productivity.
Source: Global Times | 2017/4/24 22:08:39

Air China’s mixed-ownership reform for freight approved

China National Aviation Group, the holding company of Air China, has been given approval by the National Development and Reform Commission (NDRC) to pursue mixed-ownership reform of its air freight logistics business, domestic news portal sina.com reported on Monday.
Source: Global Times | 2017/4/24 22:03:39