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China economy grows 6.8% in first 6 months

China economy grows 6.8% in first 6 months

China’s economy extended its steady growth, expanding higher than expected by 6.8 percent year on year in the first half of 2018, data released by the National Bureau of Statistics showed yesterday....

Huang Yixuan | July 17, 2018, Tuesday


Chinese carmaker BYD acts over ‘fake executive’ advertising deals

Chinese carmaker BYD acts over ‘fake executive’ advertising deals

Chinese carmaker BYD Company Limited said yesterday police were investigating a woman who it said had falsely claimed to work for BYD and who signed contracts for advertising on its behalf but had not ...

Hu Yumo | July 17, 2018, Tuesday


Laying down rules for crypto currencies

Laying down rules for crypto currencies

A financial regulator yesterday unveiled a strategy to monitor whether crypto currencies such as Bitcoin pose a threat to world economic stability. In a statement, the Financial Stability Board, which ...

July 17, 2018, Tuesday


Jetmakers kick off air show with rich sales

Jetmakers kick off air show with rich sales

Planemakers racked up more than US$20 billion of deals on the opening day of the Farnborough Airshow yesterday, suggesting demand for new passenger jets remains in good health despite worries over trade...

July 17, 2018, Tuesday


China’s June crude oil output down 2.3%

China’s June crude oil output down 2.3%

China’s crude oil output fell 2.3 percent year on year in June, data from the National Bureau of Statistics showed yesterday. Crude oil output came in at 15 million tons last month. And 48 million tons ...

July 17, 2018, Tuesday


New home sales booming, up 14.8% in H1

New home sales booming, up 14.8% in H1

Sales of new homes continued to pick up in the first half of this year, data released yesterday by the National Bureau of Statistics showed.About 5.66 trillion yuan (US$842.2 billion) worth of new homes, ...

Cao Qian | July 17, 2018, Tuesday


Shanghai housing market down after 3-week rally

Shanghai housing market down after 3-week rally

NEW home sales in Shanghai retreated last week despite a surge in fresh supply, ending a three-week rally and dragging the transaction volume below the 100,000-square-meter threshold again. The area ...

Cherry Cao | July 17, 2018, Tuesday


Pharma firm in Canadian ginseng deal

Pharma firm in Canadian ginseng deal

SHANGHAI Pharmaceutical Holdings Shenxiang Health Medicine Co said yesterday it has entered into a strategic partnership with Northland Ginseng Farms in Ontario, Canada, to set up a planting site for ...

Ding Yining | July 17, 2018, Tuesday


Vatti shares surge despite Cup payout

Vatti shares surge despite Cup payout

SHENZHEN-LISTED Vatti surged 4 percent today, despite the Chinese home appliance firm preparing to pay 79 million yuan (US$12 million) in refunds after France won the World Cup. Vatti promised in June ...

Zhu Shenshen | July 17, 2018, Tuesday


China, EU to safeguard free trade

China, EU to safeguard free trade

CHINA and the European Union yesterday agreed in Beijing to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was reached during ...

July 17, 2018, Tuesday


Planemakers plotting course through trade, Brexit worries

Planemakers plotting course through trade, Brexit worries

Aerospace firms are setting out products from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical...

July 16, 2018, Monday


Flying taxis getting set for takeoff

Flying taxis getting set for takeoff

BRITISH jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early ...

July 16, 2018, Monday


Central bank acts to protect paying in cash

Central bank acts to protect paying in cash

China’s central bank is taking measures to ban businesses refusing or discriminating against cash payments to deal with the over-hype of a cashless society....

July 16, 2018, Monday


Malta, Huawei sign deal on 5G technology

Malta, Huawei sign deal on 5G technology

MALTA and Chinese technology giant Huawei signed a memorandum of understand on Saturday that will improve Maltese businesses via 5G, especially digital infrastructure for smart cities. The agreement, ...

July 16, 2018, Monday


AmCham says nearly 70% of US firms in China oppose tariffs

AmCham says nearly 70% of US firms in China oppose tariffs

CLOSE to 70 percent of US companies doing business in China opposed tariffs, according to a survey by the American Chamber of Commerce in Shanghai. The survey also pointed out that most US companies ...

Huang Yixuan | July 13, 2018, Friday




 

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