Economy

Economy

Shanghai needs more developed private economy to strengthen competitiveness

Shanghai is called for enhancing the development of private companies to boost competitiveness, experts said today at the Pujiang Innovation Forum 2017.
Economy

Shanghai shares retreat for the third consecutive week

Shanghai stocks closed down today with sentiment dampened by S&P's downgrading of China's sovereign credit rating by one notch.
Economy

China calls S&P downgrade a 'wrong decision'

China's Ministry of Finance (MOF) on Friday said it was a "wrong decision" for Standard & Poor's (S&P) to cut China's sovereign credit rating.
Economy

SEC reveals computer system hacked last year

The top securities regulator in the United States said Wednesday night that its computer system had been hacked last year.
Economy

Fed leaves rates flat but signals 1 more increase

The US Federal Reserve left interest rates flat on Wednesday but signaled it still expects one more rise by the end of the year despite low inflation.
Economy

China's Belt and Road Initiative shows concrete cooperation

Over 70 countries and international bodies sign deals with China under BRI, with trade hitting US$3 trillion between 2014 and 2016
Economy

Property developers and raw material firms pull Shanghai shares lower

But financial shares gained following the US Fed's signal of  one more rate hike later this year
Economy

China plans more cross-border e-commerce zones

China will set up more cross-border e-commerce pilot zones in favor of trade facilitation to boost China’s global competitiveness.
Economy

Shanghai ranks No. 6  in top 10 global financial centers for the first time

City rose from 13th spot six months ago, with the insurance industry index ranking No. 1 for the first time
Economy

Airbus inaugurates first A330 delivery center outside Europe

Airbus Wednesday inaugurated its A330 Completion and Delivery Centre (CDC) in Tianjin, north China, marking the first such center for its wide-body aircraft outside Europe.