BUSINESS >> Markets

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

China's monetary policy to be "neither too tight nor too loose:" PBOC

China's central bank has said that the country's prudent monetary policy will be kept neutral and be neither too tight nor too loose.
Source: Xinhua | 2018/8/11 21:55:57

15 companies debut on China's "new third board"

China's National Equities Exchange and Quotations, also known as the "new third board," saw the debut of 15 small- and medium-sized enterprises this week.
Source: Xinhua | 2018/8/11 12:34:55

Soybean imports to drop by millions of tons in 2018

China's Ministry of Agriculture and Rural Affairs said Friday it expects soybean imports to be 2.07 million tons less than its July's estimate for the 2017-18 crop year due to a crop surplus and import price hikes.
Source: Global Times | 2018/8/10 22:48:41

Information products valued at 6 trillion yuan by 2020

China is planning to bring the value of online information products and services up to 6 trillion yuan ($875 billion) by 2020, according to a three-year plan released on Friday. This marks the country's determination to bolster the role of information technology (IT) in consumption.
Source: Global Times | 2018/8/10 22:48:40

China releases guideline to stimulate information consumption

China will make more efforts to bolster information consumption in the next few years as part of an effort to stimulate domestic demand and shore up economic growth.
Source: Xinhua | 2018/8/10 20:46:28

Wall Street veteran warns of possible stock market crash as early as 2019

US stocks should be close to peaking out, and probably will see a 40-50 percent plunge starting in the spring of 2019 or by 2020 at the latest, a Wall Street expert told Xinhua in a recent interview.
Source: Xinhua | 2018/8/10 14:16:07