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Industrial profits up most in nearly 6 years

Industrial profits up most in nearly 6 years

PROFITS at China’s major industrial companies rallied in the first two months of this year to pass the 1 trillion yuan (US$145 billion) mark for the first time on rising commodity prices. Industrial ...

Feng Jianmin | March 28, 2017, Tuesday


Sinopec’s net profit rises for 1st time in 3 years

Sinopec’s net profit rises for 1st time in 3 years

SINOPEC’S 2016 net profit jumped 44 percent, its first annual profit rise in three years, as strong demand and better margins in its downstream refining business helped offset low oil prices. Sinopec, ...

March 28, 2017, Tuesday


Panama Canal land lures interest

Panama Canal land lures interest

CHINESE companies have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China’s outward push into infrastructure via ...

March 28, 2017, Tuesday


Vanke sets no time frame for new board

Vanke sets no time frame for new board

CHINA Vanke Co, the subject of a protracted battle for boardroom control, said yesterday that it has no time frame set to select a new board as various parties are discussing proposals, although the makeup ...

March 28, 2017, Tuesday


M&As in health care set to grow

M&As in health care set to grow

THE value of mergers and acquisitions in China’s health care industry was US$36.2 billion last year, contributing 5 percent of the total M&A value in the country, PricewaterhouseCoopers said yesterday. The ...

Ding Yining | March 28, 2017, Tuesday

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SOE earnings growth accelerates

SOE earnings growth accelerates

PROFIT growth at China’s state-owned enterprises accelerated in the first two months of the year as the economy continued to improve, official data showed yesterday. SOEs made combined profits of 301.86 ...

March 28, 2017, Tuesday


Modern coal chemical industry to be developed

Modern coal chemical industry to be developed

CHINA will spur the development of a modern coal chemical industry to reduce its reliance on overseas crude and gas and to diversify its fuel supply, the Ministry of Industry and Information Technology ...

Song Yingge | March 28, 2017, Tuesday


Southern in talks over AA tie-up

Southern in talks over AA tie-up

CHINA Southern Airlines is in talks over a tie-up with American Airlines that could involve the US carrier taking a stake in the state-owned airline, boosting routes between the world’s two largest travel ...

March 28, 2017, Tuesday


EU clears Dow-DuPont mega-merger

EU clears Dow-DuPont mega-merger

European Competition Commissioner Margrethe Vestager holds a news conference in Brussels after US agro-chemicals giants Dow Chemical and DuPont gained conditional EU antitrust approval yesterday for their US$130 billion merger by agreeing to significant asset sales, one of a trio of mega-mergers that will redraw the agro-chemicals industry. The two other big deals are ChemChina’s US$43 billion bid for Syngenta and Bayer’s acquisition of Monsanto. ...

March 28, 2017, Tuesday


Commodity price drop sees shares end down

Commodity price drop sees shares end down

SHANGHAI shares edged down yesterday after commodity prices plunged as high inventories raised concerns that demand is not picking up as much as had been expected. The Shanghai Composite Index slid 0.08 ...

Song Yingge | March 28, 2017, Tuesday


New home sales rise again in Shanghai

New home sales rise again in Shanghai

A rebound in home-buying sentiment continued in Shanghai last week but the overall momentum in the market remained lackluster, latest industry data showed. The area of new homes sold, excluding government-funded ...

Cherry Cao | March 28, 2017, Tuesday


Shanghai’s home buyers have improved sentiment

Shanghai’s home buyers have improved sentiment

REBOUND in sentiment among home buyers continued to extend in Shanghai last week but overall momentum in the market still remained lackluster, latest industry data showed. The area of new residential ...

Cherry Cao | March 27, 2017, Monday


M&A in China’s healthcare industry stays active in 2016

M&A in China’s healthcare industry stays active in 2016

CHINA’S healthcare industry, including drug, pharmaceutical facilities, and medical services sectors, has seen the size of its merge and acquisition reach US$36.2 billion, contributing 5 percent to the ...

Ding Yining | March 27, 2017, Monday


Shanghai FTZ is to unveil new reform rules

Shanghai FTZ is to unveil new reform rules

THE China (Shanghai) Pilot Free Trade Zone has had its new reform plan approved by the central government on Sunday, according to the Xinhua news agency, suggesting a set of new rules will be unveiled ...

Leng Cheng | March 27, 2017, Monday


Forum drives globalization initiative

Forum drives globalization initiative

AN initiative on economic globalization was announced at the end of the annual conference of the Boao Forum for Asia (BFA) yesterday in Hainan Province. The aim of the forum is to promote and deepen ...

March 27, 2017, Monday


 

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