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China ready for final rollout of 5G service

China is fully ready for the full rollout of fifth-generation (5G) telecommunications technology, and it's leading the world in the industry's development, experts said.
Source: Global Times | 2018/9/24 22:13:40

Chinese insurers see new boom in bond issues in 2018: ratings agency report

Chinese insurance companies will see another boom in bond issues this year in response to strict regulations in the domestic financial market, United Ratings said in a report.
Source: Global Times | 2018/9/24 22:13:40

Beijing home sales sink

Commercial home sales in Beijing slid 32.8 percent year-on-year in the first eight months, after strict curbs were put in place to cool down the housing market in the capital, official figures showed on Monday.
Source: Reuters-Global Times | 2018/9/24 22:08:41

China stocks soar on policy support hopes

Mainland stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset the effects of the escalating trade war with the US.
Source: Reuters-Global Times | 2018/9/24 16:33:40

OPEC, Russia rebuff Trump's call for prompt crude oil output boost

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate and additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market, Reuters reported on Monday.
Source: Reuters-Global Times | 2018/9/24 16:33:40

Yen up as nation cancels trade talks

The safe-haven Japanese yen blipped briefly higher on Monday as investors reacted to news that China had canceled trade talks with the US, just as the latest round of two-way tariffs kicked in.
Source: Reuters-Global Times | 2018/9/24 16:33:39

OPEC conference president says current oil outputs enough for balanced market

President of OPEC Conference Suhail Mohamed Al Mazroui on Sunday stressed that current oil outputs are enough to keep global oil market balanced.
Source: Xinhua | 2018/9/24 8:48:00

Belt and Road Initiative significant for world economic development, say experts

The Belt and Road Initiative (BRI) is significant for the world economy, as it aims to develop infrastructure which is the first step towards progress, said experts here at the weekend.
Source: Xinhua | 2018/9/23 11:36:18

Chinese mainland tourists to Thailand drop 11 percent in August

Chinese mainland tourists to Thailand dropped 11.77 percent in August compared with the same month last year, according to Thailand's Ministry of Tourism and Sports statistics.
Source: Xinhua | 2018/9/23 9:25:15

Russian minister says China-Russia trade turnover may exceed 120 bln USD in 2018

With closer ties and deepening cooperation, China and Russia have made substantial progress in bilateral trade, which is likely to top 120 billion U.S. dollars this year, Russian Economic Development Minister Maxim Oreshkin has said.
Source: Xinhua | 2018/9/23 9:11:29

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