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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.


December rise in urban home prices shows stable growth, strengthened market: analyst

More Chinese cities saw new home prices rise in December 2019 compared to the previous month, according to data released by the National Bureau of Statistics on Thursday. Analysts said the data showed stable growth and a strengthened property market. A total of 50 out of 70 Chinese cities saw new home prices rise in December, compared with 44 in the previous month. Among the 70 cities, new home prices in the four first-tier cities rose 0.2 percent month-on-month, compared with a 0.6 percent increase in November. Beijing's average new home price increased 0.4 percent and Shenzhen's was up 0.7 percent. Shanghai's price remained unchanged while prices in Guangzhou fell 0.3 percent. China's new home prices rose at an average of 0.4 percent month-on-month, the pace unchanged from November, according to calculations from the Shanghai-based E-house China R&D Institute. Compared with the same period in 2018, the 70 cities' new home prices rose 6.8 percent on average, the slowest pace since July 2018. The upward trend in new home prices in December shows a strengthened property market, said Yan Yuejin, research director at E-house China R&D Institute. He added that the market will be further stabilized as local governments release policies to contain property speculation, but that a sharp drop in prices is unlikely. New home prices in Yangzhou, East China's Jiangsu Province, jumped the highest with a 1.3 percent increase. Yan said the fast growth in Yangzhou may be due to relaxing policies and fast-developing city infrastructure. In October 2019, Yangzhou increased the cap for households applying for the housing provident fund to 500,000 yuan ($72,605), up from 350,000 yuan. A new transportation system including a railway linking Lianyungang and Zhenjiang, two cities in East China's Jiangsu Province, is expected to open in August this year, which may have pushed up local home prices, Yan said.
Source: Global Times | 2020/1/16 14:13:40

Cool minds needed for phase-1 trade deal implementation amid fluctuations: analysts

As the highly anticipated phase one trade deal between the world's two largest economies was signed in Washington on Wednesday (US time), China, the US and the world will benefit from its long-awaited outcome, Chinese analysts said.
Source: Global Times | 2020/1/16 13:49:28

China's 2019 economic growth projected to be above 6 pct, says vice premier

China's gross domestic product is estimated to record an expansion of over 6 percent in 2019, and the January data also indicates a better-than-expected economic outlook, Chinese Vice Premier Liu He said here Wednesday.
Source: Xinhua | 2020/1/16 11:57:05

China releases signed text on phase one trade deal with US

China releases signed text on phase one trade deal with US.
Source: CGTN | 2020/1/16 11:00:44

Taiwan's RMB deposits rise in December

The renminbi-denominated deposit balance of Taiwan's financial institutions increased to 261.03 billion yuan (about 37.9 billion U.S. dollars) at the end of December, according to the island's monetary authority.
Source: Xinhua | 2020/1/16 9:03:07

Chinese Vice Premier Liu He addresses media after signing phase one trade deal

After signing the phase one trade deal with US President Donald Trump, Chinese Vice Premier Liu He issued a statement at a news conference.
Source: CGTN | 2020/1/16 8:23:06

Wall Street climbs as US-China phase-one trade deal in focus

US stocks traded on an upbeat note on Wednesday as Wall Street is keeping a close eye on the long-awaited phase-one trade deal with China.
Source: Xinhua | 2020/1/16 8:02:29

US business group in China responds positively to Phase 1 trade deal signing

The signing of the phase one trade deal between China and the US indicates a return to a more stable and cooperative commercial relationship, which is essential to the global economy in 2020, the American Chamber of Commerce in China (AmCham China) said shortly after the deal was signed.
Source: Globaltimes.cn | 2020/1/16 3:30:13

It's a truce, but what's next?

The long-awaited phase one trade deal between China and the US has fully taken into account the concerns and interests of both countries, and it is expected to bring the world's two largest economies back on track to stable and sound development.
Source: Global Times | 2020/1/15 23:08:41

What's in phase one China-US trade deal?

China and the US are set to the long-awaited phase one trade deal on Wednesday (US time); the deal, which involves a nine-chapter text, has fully taken into account the concerns and interests of both countries, and it is expected to bring the world's two largest economies back on track to stable and sound development, experts close to the deal told the Global Times on Wednesday.
Source: Global Times | 2020/1/15 22:23:40

China to control rare earths as exports decline, new policy to take effect

China will tightly control rare earths as a strategic mineral resource as shown by a recently introduced policy that imposes strict controls over exploration and mining, combined with an export decline, experts noted.
Source: Global Times | 2020/1/15 22:13:40

Berlin should build competitiveness

Germany should work on its core competitiveness instead of resorting to tightening trade regulations in the face of rising global competition, Chinese experts said on Wednesday, days after a German industrial body criticized China's subsidies and unfair competition.
Source: Global Times | 2020/1/15 22:03:42

Pact paves way for increasing purchases of US soybeans, other farm products

With the signing of a landmark phase-one trade deal between China and the US, the amount of China's soybean imports from the US is expected to revert to normal and may “rise significantly,” a senior economist close to the matter told the Global Times on Wednesday.
Source: Global Times | 2020/1/15 21:28:40