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Mining mutual aid


A three-hour's drive from Myanmar's second largest city Mandalay sits the Letpadaung Copper Mine, spanning about 40,000 hectares in Monywa.


Chinese economy stabilizing on policy support, less downside risk: UBS

Chinese economy is stabilizing and would see 6 percent of growth in 2020 thanks to supportive policies and reduction of downside risk from trade tensions, according to a research note issued by Swiss investment bank UBS AG on Friday.
Source: Xinhua | 2020/1/19 12:58:01

Chinese-made trolleybuses advance Mexico City's e-mobility

Mexico City has added a fleet of 63 Chinese-made electric trolleybuses to its public transportation system, taking one more step towards electromobility.
Source: Xinhua | 2020/1/19 10:54:54

OPEC, partners to extend production cut deal to end of 2020: UBS

Organization of the Petroleum Exporting Countries (OPEC) and its partners including Russia and others are expected to further extend production cut until the end of 2020 from the end of March, 2020, according to a research note by Swiss investment bank UBS AG on Friday.
Source: Xinhua | 2020/1/19 10:40:51

Shanghai-built Tesla popular in China after new tax break

Tesla stores across Shanghai have been crowded with customers after a new tax break earlier this month, with most orders coming for the most affordable electric vehicle, the Model 3 sedan built at the city's Gigafactory.
Source: Xinhua | 2020/1/19 8:18:20

China's installed capacity of storage batteries up 9.2 pct in 2019

China's installed capacity of storage batteries to power electric vehicles saw a year-on-year increase of 9.2 percent in 2019, industry data has shown.
Source: Xinhua | 2020/1/19 8:01:58

China approves three new IPOs

China's top securities watchdog has approved the initial public offering (IPO) applications of three companies.
Source: Xinhua | 2020/1/18 21:05:05

China's steel demand expected to rise in 2020: report

China's demand for steel is expected to register an uptick in 2020, according to a guild report.
Source: Xinhua | 2020/1/18 21:01:38

Chinese apartment rental platform Phoenix Tree Holdings makes NYSE debut

Phoenix Tree Holdings, a leading Chinese apartment rental service provider, rang the New York Stock Exchange (NYSE) opening bell on Friday in celebration of its initial public offering (IPO).
Source: Xinhua | 2020/1/18 18:49:19

EU trade commissioner dismisses US threat on intelligence sharing regarding Huawei

The European Commissioner for Trade, Phil Hogan, has said that the European Union will treat Chinese tech company Huawei fairly, adding that the related threat from the United States on intelligence cooperation is a "bluff".
Source: Xinhua | 2020/1/18 18:02:56

China's GDP grows 6.1% in 2019 despite trade war sting

The Chinese economy grew 6.1 percent for 2019, in line with the 6-6.5 percent goal as the world's second-largest economy demonstrated resilience with an improved structure to cap a year marked by a US-driven trade war, official data showed.
Source: Global Times | 2020/1/17 10:00:50

France's Renault reports decline in 2019 sales

French carmaker Renault on Friday announced that its sales fell by 3.4 percent compared with 2018 result after providing world markets with 3.75 million vehicles.
Source: Xinhua | 2020/1/17 23:23:21

UK retail sales decline for 5 consecutive months

Britain's retail sales fell by 0.6 percent in December 2019 comparing with the previous month, marking the fifth consecutive month of no growth, said the Office for National Statistics (ONS) Friday.
Source: Xinhua | 2020/1/17 23:13:29

Guangdong carbon market closes higher

Carbon emissions allowances closed at 28.75 yuan (4.19 US dollars) per tonne on Friday, up 0.38 percent from Thursday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China.
Source: Xinhua | 2020/1/17 19:30:16