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China Development Bank sees funding for Africa exceed 50 bln USD

China Development Bank (CDB), the world's largest development finance institution, has so far channeled more than 50 billion US dollars of investment and financing for African nations.
Source: Xinhua | 2018/9/22 18:33:48

China's first industrial product option started trading on Shanghai Futures Exchange

China's first industrial product option, copper option, got listed on the Shanghai Futures Exchange for trading on Friday.
Source: Global Times | 2018/9/21 11:48:45

Oil prices fall after day of gains amid surprise growth in American crude stocks

Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in US crude stockpiles.
Source: Reuters-Global Times | 2018/9/19 18:23:41

China sets 10% tariff on US LNG

China has set a 10 percent tariff on US liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over American export terminals that would propel the US into the world's second-largest LNG seller position.
Source: Reuters-Global Times | 2018/9/19 18:23:40

PBC warning on ICOs

The Shanghai Head Office of the People's Bank of China (PBC), the central bank, said on Tuesday investors should be fully aware of the risks involved in initial coin offerings (ICOs) and virtual currency investment and not blindly speculate in these markets.
Source: Reuters-Global Times | 2018/9/18 21:58:41

Solid demand to underpin lithium as price slides in 2018

An oversupply of lithium has nearly halved prices this year in China, halting an unprecedented run for the key component for batteries used in electric vehicles.
Source: Reuters-Global Times | 2018/9/18 16:53:40

Green Plains to shut down two Iowa plants

Green Plains Inc, a major US ethanol producer, is to shut down two ethanol plants in Iowa and cut output at another in Minnesota due to low profit margins, three industry sources told Reuters.
Source: Reuters-Global Times | 2018/9/18 16:53:40

Chinese stocks rebound, but yuan edges down

Chinese mainland stocks sharply rebounded from a four-year low on Tuesday, supported by gains in infrastructure shares, but the yuan continued to slide down.
Source: Global Times | 2018/9/18 16:53:39

APEC economies get ready for digital disruption

Over the past week, Asia Pacific Economic Cooperation (APEC) members have been looking at new ways businesses can capitalize on changing technologies and consumers habits across the region.
Source: Xinhua | 2018/9/18 15:36:27

PBC injects liquidity

China's central bank said on Monday that it lent 265 billion yuan ($38.58 billion) to financial institutions via its one-year medium-term lending facility (MLF) with rates unchanged.
Source: Reuters-Global Times | 2018/9/17 22:48:39

Timing of China's financial reform should be chosen after yuan stabilizes: analysts

China's central bank governor said "the burden is heavy and the road is long" in China's financial sector opening-up, while experts said opening-up is the only way to let the financial markets flourish.
Source: Global Times | 2018/9/17 22:43:39

Stocks drop to near four-year low on heated dispute

Chinese mainland stock markets fell on Monday, dragged by reports that US President Donald Trump is planning to unveil a fresh set of tariffs on $200 billion worth of imported Chinese goods in the latest volley of a heated trade war.
Source: Reuters-Global Times | 2018/9/17 16:58:40

Shanghai rebar climbs over 1% after upbeat housing data

Shanghai rebar steel futures jumped more than 1 percent on Monday after weekend data showed that China's home prices accelerated in August at the quickest pace in almost two years, boding well for steel demand in the world's top consumer.
Source: Reuters-Global Times | 2018/9/17 16:58:39

Yuan wobbly amid renewed trade tensions

The yuan was largely steady against the dollar during Monday afternoon trading after recovering from early losses, but renewed trade tensions between China and the US kept investors in a state of heightened anxiety.
Source: Reuters-Global Times | 2018/9/17 16:53:40

140,000 BMW 3-series vehicles to be recalled in China

German auto brand BMW will recall more than 139,000 of its 3-series vehicles in China from Nov. 9 over a defect in the air-conditioning system, according to a statement from China's market regulator.
Source: Xinhua | 2018/9/16 16:37:07

Chinese crude oil output rises for first time in nearly 3 years

China's crude oil output rose in August for the first time in nearly three years, data showed on Friday, climbing after the Chinese central government called for a boost to national energy security amid trade tensions with the US.
Source: Reuters-Global Times | 2018/9/16 16:28:41

Stocks extend weekly losses amid mixed data

The Chinese mainland blue-chip index closed higher on Friday, following its peers in the region, on prospects of a new round of trade talks between China and the US, but extended weekly losses amid mixed economic data.
Source: Agencies-Global Times | 2018/9/16 16:28:40

China's small 'teapots' eye petrochem path to riches

Several independent Chinese refineries are drawing up plans to build petrochemical complexes in East China's Shandong Province, aiming to join an investment boom in the world's top chemicals market.
Source: Reuters-Global Times | 2018/9/16 16:28:40