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US soybean futures settle at highest price since summer 2018 on trade optimism

Chicago Board of Trade (CBOT) agricultural futures settled higher for the trading week ending Dec. 27, with soybeans closing at highest price since summer 2018 on expectations for fresh Chinese purchases as a result of progress in trade deal.
Source: Xinhua | 2019/12/29 10:29:15

China approves amendment to securities law to fast track registration-based IPO reform

China approves amendment to securities law to fast track registration-based IPO reform
Source: Global Times | 2019/12/28 13:18:07

China-US phase-one trade deal brings hope to US pecan growers

The announcement of China-US phase-one trade deal came at a time when US pecan growers were struggling to make ends meet by selling pecans to domestic market at a discounted price.
Source: Xinhua | 2019/12/27 11:14:26

BlackRock, Temasek in wealth management JV with CCB: sources

US asset manager BlackRock Inc, Singapore state investor Temasek Holdings and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.
Source: Global Times - Reuters | 2019/12/26 21:33:41

Figureatively Speaking

Expected investment in railways next year, Chinanews.com reported, adding that the investment in highways and waterways will reach 1.8 trillion yuan ($260 billion).
Source: Global Times | 2019/12/26 21:03:43

Ministry increases first quotas for crude oil imports by non-state refiners next year

China's Ministry of Commerce (MOFCOM) has increased non-state refineries' quotas of crude oil imports to 103.83 million tons in the first batch of 2020, up 8 percent, according to the Shanghai Securities News on Thursday.
Source: Global Times | 2019/12/26 19:48:40

China's central bank skips reverse repos

The People's Bank of China (PBOC), the country's central bank, skipped reverse repos on Thursday.
Source: Xinhua | 2019/12/26 16:14:28

China's rare-earth shares rally after US bound export slide

Stocks of China's rare-earth companies rallied on Thursday after recent statistics showed a decrease of over one fifth in rare-earth magnets exports to the US in November.
Source: Global Times | 2019/12/26 13:56:31

Figuratively Speaking

Natural gas output at Daqing Oilfield in Northeast China's Heilongjiang Province in 2019, hitting a record high with nine consecutive years of growth, China Petroleum Daily reported.
Source: Global Times | 2019/12/25 21:18:40

Chinese small commodity sales brisk despite trade war

Flag and banner makers in Yiwu, East China's Zhejiang Province, believe that US President Donald Trump will win re-election next year. The flag makers in the world's largest small commodities production hub are getting more orders for items for Trump's campaign than for any of his rivals, just like in 2016.
Source: Global Times | 2019/12/25 20:48:41

China's central bank drains 50 bln yuan from market

China's central bank drained 50 billion yuan (about $7.14 billion) from the financial system on Wednesday.
Source: Xinhua | 2019/12/25 14:21:19

Jiangsu court sentences 10 for bitcoin-related electricity theft

A criminal case in East China's Jiangsu Province involving the use of stolen electricity to mine Bitcoins has sparked discussion online, and the sentence was publicly announced on Tuesday. Ten criminals were sentenced to 3 to 13 years in prison, according to a statement by the local court.
Source: Global Times | 2019/12/25 14:33:40

China's hog prices soften in mid-December

The price of live pigs in China fell 2.8 percent in mid-December compared with the previous 10 days, official data showed.
Source: Xinhua | 2019/12/25 14:16:42

Figuratively Speaking

China's pork imports in November reached 230,000 tons, up 151% year-on-year, according to the General Administration of Customs.
Source: Global Times | 2019/12/24 21:23:41

High quality, low prices attract growing number of buyers

India is showing increasing interest in goods from Yiwu, a commodity paradise in East China's Zhejiang Province, which offers high-quality products at low prices.
Source: Global Times | 2019/12/24 19:43:40

China vows to keep housing prices stable in 2020, declines short-term stimulus

China will strive to keep housing prices stable next year and continue to implement a long-term management mechanism to foster the healthy development of the property sector, the housing ministry said Monday.
Source: Global Times - Xinhua | 2019/12/24 19:38:40

Chinese premier: China treats all forms of enterprises equally

China is committed to creating a market-oriented, law-based and international business environment, and will treat enterprises of all ownership equally, Chinese Premier Li Keqiang said Tuesday.
Source: Xinhua | 2019/12/24 13:52:07

China to import more EU wheat, diversifying supplies: analyst

The EU will remain a solid source of wheat for China even though the phase one trade deal between China and the US is highly anticipated to be signed in the near future, experts told the Global Times on Monday.
Source: Global Times | 2019/12/23 20:53:41