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US budget deficit hits record 204.9 bln USD in November

The US federal budget deficit spiked to a record 204.9 billion US dollars in November, the second month of the government's fiscal year 2019, the Treasury Department said Thursday.
Source: Xinhua | 2018/12/14 14:07:21

China's rental market expected to see big growth by 2022

It is expected that 750,000 new rental apartments will be available by 2022 in China's six major cities, according to a report released by property consultancy JLL this week.
Source: Xinhua | 2018/12/14 10:08:00

China's FDI drops 27.6% in Nov due to high comparison base last year: MOFCOM

Foreign direct investment (FDI) in China dropped 27.6 percent year-on-year in November to $13.6 billion due to a high base during the same period last year, Gao Feng, spokesperson of the Ministry of Commerce (MOFCOM), said on Thursday.
Source: Global Times | 2018/12/13 22:28:43

PBC skips open market operations

The People's Bank of China, the country's central bank, on Thursday skipped reverse repos for the 35th consecutive trading day, the longest stretch since early 2016, citing reasonable and sufficient liquidity in the banking system.
Source: Xinhua | 2018/12/13 22:18:42

China praises poultry deal with the EU, saying agreement will benefit importers, consumers

The recent agreement between China and the EU on a Chinese poultry tariff quota shows that the multilateral trading system plays a vital role in maintaining the world trade order, and the agreement will help create a fair trade environment for the domestic industry, a senior Chinese official of the Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2018/12/13 22:18:40

ECB ends bond-buying, keeps interest rates unchanged as expected

The European Central Bank (ECB) Thursday announced to end its massive four-year asset purchase program (APP), but to keep the key interest rates for the euro area unchanged, as most analysts expected.
Source: Xinhua | 2018/12/13 21:53:50

Exxon, BHP to develop Australian natural gas project

Exxon Mobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.
Source: Reuters | 2018/12/13 18:18:43

China stocks jump on policy support hopes

Stocks in China rallied on Thursday as investors expect the Chinese government to prop up economic growth with new measures this month and ease policy further in 2019.
Source: Reuters - Global Times | 2018/12/13 18:18:43

US yield curve to invert in 2019: Reuters poll

The US Treasury yield curve will invert next year, possibly within the next six months, much earlier than forecast just three months ago, with a recession to follow as soon as a year after that, a Reuters poll showed on Thursday.
Source: Reuters | 2018/12/13 18:18:42

Easy medicine

A citizen buys medicine from a vending machine in Southwest China's Chongqing on Wednesday. Consumers can use mobile payment methods such as WeChat and Alipay to pay for drugs by scanning the QR code displayed on the machine. The medicine vending machine can be accessed 24 hours a day. Photo: VCG
Source: VCG | 2018/12/13 18:18:40

Chinese central metropolis eyes for intl futures hub

Some 75 overseas investors have participated in the purified terephthalic acid (PTA) futures trading on the Zhengzhou Commodity Exchange (ZCE) since it opened to foreign investment two weeks ago.
Source: Xinhua | 2018/12/13 15:59:14

Taiwan companies report record profit in mainland

A total of 1,192 Taiwanese listed and over-the-counter (OCT) companies in the Chinese mainland reported a record profit of 215.6 billion new Taiwan dollars (about 7.2 billion US dollars) in the first three quarters this year, according to the island's finance authority.
Source: Xinhua | 2018/12/13 9:55:24

Algerian energy giant inks 2 oil pipeline transport contracts with Russian firm

Algerian energy giant Sonatrach on Wednesday signed two contracts with the Russian transport company Transneft over security of liquid fuel transport for the Sonatrach pipeline transport, APS News Agency reported.
Source: Xinhua | 2018/12/13 9:09:42

China's Tencent Music makes NYSE debut

Tencent Music Entertainment, a Chinese music streaming giant, rang the New York Stock Exchange (NYSE) opening bell on Wednesday in celebration of its initial public offering (IPO).
Source: Xinhua | 2018/12/13 7:26:30

Innovation index rises

A barometer of innovation capability in China rose at a faster pace in 2017, indicating the bigger role of innovation in the country's economic development, official data showed on Wednesday.
Source: Xinhua | 2018/12/12 19:53:42

Residential community worth $40.65 billion

A residential community in Guangzhou, capital of South China's Guangdong Province, has recorded a total housing price of 280 billion yuan ($40.65 billion) this year, a market value that has exceeded the GDP of 581 out of the 661 cities in China, the National Business Daily reported.
Source: Global Times | 2018/12/12 19:53:41

China to pass draft amendments to patent law next year

A new draft amendment to China's patent law aimed at enhancing protection of intellectual property rights (IPR) will likely be passed in the country's legislative body next year, as part of China's broader efforts to boost IPR protection, officials revealed at a press briefing on Tuesday.
Source: Global Times | 2018/12/12 19:53:40

Stocks climb on trade hopes, Huawei relief

Chinese stocks edged higher on Wednesday after Huawei's chief financial officer was granted bail by a Canadian court, and as US President Donald trump sounded upbeat about a trade deal with China.
Source: Reuters-Global Times | 2018/12/12 18:19:51