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Jiangsu steel mills to move to coast

East China's Jiangsu Province, the country's second-largest steelmaking province, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry more efficient.
Source: Reuters-Global Times | 2018/8/15 17:48:40

China central bank injects liquidity into market via MLF

China's central bank Wednesday injected 383 billion yuan (about 55.5 billion US dollars) into the market via the medium-term lending facility (MLF) to maintain liquidity.
Source: Xinhua | 2018/8/15 14:09:54

Home price growth rates in China's first-, second-tier cities slow down in July

Growth of sales prices of new commercial residential buildings in China's first- and second- tier cities showed a slowdown in July compared with rates seen in June, an official survey showed Wednesday, as the country strives to regulate the property sector.
Source: Global Times | 2018/8/15 13:23:40

China ramps up market regulation after high-profile cases

Chinese regulators are stepping up efforts to crack down on stock market manipulation, after several high-profile cases involving celebrities in China revealed regulatory loopholes.
Source: Global Times | 2018/8/14 21:33:40

Chinese steel mills push output to 4th straight monthly high

China's steel output rose in July to a fourth straight monthly record as mills ran full tilt to cash in on strong profit margins, despite anti-smog measures imposed by local governments.
Source: Reuters-Global Times | 2018/8/14 18:13:40

Brazil's sugarcane shifted to soy on China demand

Shifting trade flows are redefining the Brazilian landscape, spurring more farmers to align their crops with Chinese appetites.
Source: Reuters-Global Times | 2018/8/14 18:13:40

MSCI increases A-share proportion in its indexes

Leading international index provider MSCI announced on Monday that it would increase the weights of A-share constituents in its indexes, which experts said still cannot drag the mainland stock market out of a bearish mood.
Source: Global Times | 2018/8/14 18:13:40

China's economic indicators post slower growth in July, but economy still steady: NBS

China's economic slowdown in the second quarter of this year is in line with the country's moves to adjust its economic structure, with the economy remaining steady and sound amid uncertainties, the National Bureau of Statistics (NBS) said on Tuesday.
Source: Global Times | 2018/8/14 13:53:39

Chinese firms to help boost travel to North Korea: envoy

Chinese Ambassador to North Korea Li Jinjun said domestic travel companies are expected to play a vital role in helping boost travel exchanges between China and North Korea, according to a press release China's CYTS Tours Holding Co sent to the Global Times on Monday.
Source: Global Times | 2018/8/13 21:53:40

US ski equipment makers to lose fast-rising China market amid trade spat

US exporters of skiing products will be hit by the China-US trade row and are likely to lose the Chinese market, which has huge growth potential driven by the upcoming Beijing 2022 Winter Olympic Games, analysts said.
Source: Global Times | 2018/8/13 21:23:39

Shanghai rebar prices hit 6-year high on output curbs

Shanghai rebar steel futures jumped to their strongest level since 2012 on Monday, as output curbs in China aimed at battling pollution kept supply tight in the world's top producer.
Source: Reuters-Global Times | 2018/8/13 17:43:48

China metal recyclers to divert, sell US cargoes

Chinese copper fabricators and importers are scrambling to divert or resell cargoes of US copper scrap en route to China, after the Asian powerhouse hit such imports with a 25 percent duty amid the deepening trade row between the world's two largest economies, sources said.
Source: Reuters-Global Times | 2018/8/13 17:43:48

Mainland stocks close mixed; tech shares gain

Chinese mainland stocks ended mixed on Monday, with A shares in Shanghai managing to recoup most of their earlier losses aided by gains in shares of tech firms.
Source: Reuters-Global Times | 2018/8/13 17:43:48

Supreme People's Court deems private lending involving fraud criminal

New measures concerning online lending have signaled that Chinese authorities are further weighing in on the aftermath of peer-to-peer (P2P) platforms going bankrupt, an industry lawyer said.
Source: Global Times | 2018/8/13 12:53:39

Asia gold: India discounts, while China buying picks up

Gold was sold at a discount in India for the first time in six weeks on subdued demand, as buyers bet that prices could still fall further after hitting near seven-month lows last week.
Source: Reuters-Global Times | 2018/8/12 17:33:41

Stocks see best week in a month as tech shares rally

Chinese mainland stocks edged up on Friday to post their best week in a month, aided by strong gains in shares of technology companies.
Source: Reuters-Global Times | 2018/8/12 17:33:40

FTSE may give A shares more weighting than MSCI

Index provider FTSE Russell could give a greater weighting to Chinese mainland stocks than rival MSCI if it decides to include them in its flagship indices next month, its chief executive told Reuters.
Source: Reuters-Global Times | 2018/8/12 17:33:39

China has no foreign exchange target to defend: former central bank adviser

China's central bank should inform the market that defending the yuan at the key level of 7 against the US dollar is not its goal and that the country has no foreign exchange target to defend, a prominent Chinese economist and former central bank adviser said Saturday, the third anniversary of the yuan's switch to a new daily fixing formula.
Source: Global Times | 2018/8/12 10:53:39