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Pakistan deal extended

The People's Bank of China (PBC), the country's central bank, said Thursday it had extended a currency swap agreement with the State Bank of Pakistan.
Source: Global Times - Xinhua | 2018/5/24 21:53:41

Kenyan shilling in sharp fall as dollar demand swells

The Kenyan shilling declined considerably against the US dollar on Wednesday overwhelmed by a huge demand for the greenback by importers.
Source: Xinhua | 2018/5/24 0:07:51

Mainland stocks fall as coal miners slump

Stocks on the Chinese mainland dropped on Wednesday, led by a slump in coal miners, as the Chinese authorities intervened to cool the red-hot coal market.
Source: Reuters-Global Times | 2018/5/23 17:13:40

Shanghai rebar falls to 4-week low

China's construction steel rebar futures fell on Wednesday to trade near a four-week low, as supply glut concerns continued to weigh on market sentiment, offsetting the impact of overcapacity inspections.
Source: Reuters-Global Times | 2018/5/23 17:13:40

US-listed Chinese companies traded mostly higher amid market woe

US-listed Chinese companies traded mostly higher on Tuesday, with seven of all top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a upbeat note.
Source: Xinhua | 2018/5/23 9:30:16

China to significantly cut auto import tariffs from July

China will cut import tariffs on vehicles and auto parts from July 1, the Ministry of Finance (MOF) announced Tuesday.
Source: Xinhua | 2018/5/23 1:00:10

China welcomes Brazil's anti-subsidy ruling on hot-rolled steel imports

China welcomes the decision by Brazil to refrain from anti-subsidy measures against imports of hot-rolled steel plate products, the Ministry of Commerce said in an online statement Tuesday.
Source: Xinhua | 2018/5/22 21:01:09

China extends preferential tax policy for restructured companies

China will extend an exemption on land value-added tax (VAT) for restructured firms in a bid to support corporate structure reform, the Ministry of Finance (MOF) said Tuesday.
Source: Xinhua | 2018/5/22 18:28:58

Stocks slip as banking, real estate shares weigh

Chinese mainland stocks slipped on Tuesday, weighed down by real estate and banking firms, despite renewed optimism about global growth as the US and China agreed to drop their tariff threats.
Source: Reuters-Global Times | 2018/5/22 17:08:42

Aluminum smelter to shift capacity to Yunnan

Central China's Henan Shenhuo Coal & Power Co will transfer more than 450,000 tons per year of aluminum smelting capacity to Southwest China's Yunnan Province, according to a provincial government notice.
Source: Reuters-Global Times | 2018/5/22 17:08:39

Drug producer probed for stating China has 140m impotent men

Domestic pharmaceutical manufacturer Hebei Changshan Biochemical Pharmaceutical is being investigated by the China Securities Regulatory Commission (CSRC) on suspicion of disclosing fabricated statistics.
Source: Global Times | 2018/5/22 15:33:39

China to get coffee boost

China is poised to have a say in the pricing of coffee, the world's second-most traded commodity after crude oil, in five years, an executive at a key coffee exchange in China said on Monday.
Source: Global Times | 2018/5/21 21:43:39

Equity financing to be encouraged to ease debts

China must vigorously promote equity financing to boost the long-term capital of enterprises and reduce their dependence on debt, the Securities Times newspaper reported Monday, citing a top official at China's stock market regulator.
Source: Reuters-Global Times | 2018/5/21 21:23:40

China to get coffee boost

China is poised to have a say in the pricing of coffee, the world's second-most traded commodity after crude oil, in five years, an executive at a key coffee exchange in China said on Monday.
Source: Global Times | 2018/5/21 20:53:40

Mainland stocks extend climb as disputes calm

Chinese mainland stocks extended their rally on Monday, amid easing trade tensions between China and the US.
Source: Reuters-Global Times | 2018/5/21 17:28:40

China to encourage equity financing to ease debt reliance

China must vigorously promote equity financing to boost the long-term capital of enterprises and reduce their dependence on debt, the State-run Securities Times newspaper reported Monday.
Source: Reuters-Global Times | 2018/5/21 17:28:40

Yuan sinks to 4-month low on weak midpoint fix

China's yuan eased to a near four-month low against the US dollar on Monday, dragged lower by a weaker yuan midpoint fix, but market sentiment improved as trade tensions between the world's two largest economic powers eased.
Source: Reuters-Global Times | 2018/5/21 17:28:39

Roundup: US telemedicine taps Chinese market

Physicians and companies are taking the advantage of telemedicine to reach more patients around the world, particularly in China. US researcher believe that the fast growing telemedicine market in China will surpass that in the United States and Japan to become the world largest in the near future.
Source: Xinhua | 2018/5/21 15:39:11