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China sets up VR industry alliance

China sets up VR industry alliance

China’s first government-endorsed virtual reality industry alliance was founded yesterday in Beijing, which is expected to establish industry standards and a strong VR ecosystem in the country....

Zhu Shenshen | September 30, 2016, Friday


Online grocery sales outpace FMCG market

Online grocery sales outpace FMCG market

ONLINE sales of fast moving consumer goods are outpacing overall FMCG market with the global sales of groceries through e-commerce channels reaching US$48 billion in the 12 months ending in June. That ...

Ding Yining | September 30, 2016, Friday


Ministry bid to boost foreign trade

Ministry bid to boost foreign trade

CHINA will adopt various measures to boost foreign trade as the sector is still under considerable pressure, the Ministry of Commerce said yesterday. Policy priorities will include eliminating unreasonable ...

September 30, 2016, Friday


FTZ negative list to be introduced across China

FTZ negative list to be introduced across China

A NEGATIVE list for foreign investment that was initiated by Shanghai’s pilot free trade zone, will now be rolled out nationwide three years after it debuted in the zone. The list, which specifies the ...

Vera Ye | September 30, 2016, Friday

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Chinese shares end up weak in the first three quarters

Chinese shares end up weak in the first three quarters

DESPITE a daily rise today, Shanghai stocks shrank over the past week and became the worst performer in the global markets over the first three quarters. Analysts said it was due to weak profitability ...

Song Yingge | September 30, 2016, Friday


CSRC: foreign institutional investors have more freedom in their asset allocation

CSRC: foreign institutional investors have more freedom in their asset allocation

FOREIGN institutional investors under a quota investment system have been allowed to freely decide their asset allocation in China’s securities market, the country’s top securities regulator said today. China ...

Vera Ye | September 30, 2016, Friday


More people are ready to turn into tourists

More people are ready to turn into tourists

ONLINE sales for airlines and travel agents soar in China in front of the the Golden Week Festival starting from tomorrow, as Chinese consumers take advantage of the week-long public holiday to travel ...

Zhu Shenshen | September 30, 2016, Friday


ADB: sounder financial system harbingers faster growth in Asia

ADB: sounder financial system harbingers faster growth in Asia

CHINA should accelerate its reform in the financial sector because the country can grow faster if it embraces a more inclusive and more advanced mechanism of finance, Donghyun Park, principal economist ...

Wang Yanlin | September 30, 2016, Friday


China SOE profits post milder decline

China SOE profits post milder decline

COMBINED profits of China's state-owned enterprises (SOEs) reached 1.54 trillion yuan (US$230.6 billion) in the first eight months of this year, down 1.3 percent from a year earlier, official data showed ...

September 30, 2016, Friday


Shanghai FTZ foreign trade volume up 6.5%

Shanghai FTZ foreign trade volume up 6.5%

FOREIGN trade volume in the Shanghai Pilot Free Trade Zone grew 6.5 percent in the first eight months from the previous year, local customs said. The import and export volume in the zone reached 754.6 ...

September 30, 2016, Friday


China Caixin manufacturing PMI rebounds in Sept.

China Caixin manufacturing PMI rebounds in Sept.

THE Caixin General China Manufacturing Purchasing Managers' Index (PMI), a private gauge of Chinese manufacturing activity, improved slightly in September, in the latest sign the world's second-largest ...

September 30, 2016, Friday


Yuan steadies ahead of its entry into SDR

Yuan steadies ahead of its entry into SDR

China’s currency moved slightly yesterday with banks offering ample dollars to meet demand from companies for greenback just days before the yuan is included into the International Monetary Fund reserve...

Leng Cheng | September 30, 2016, Friday


Chengdu Airlines gets 2nd ARJ21

Chengdu Airlines gets 2nd ARJ21

THE second domestically made regional passenger jet took off from Shanghai yesterday after being delivered to Chengdu Airlines. The twin-engine ARJ21-700 took off from the Dachang Airbase in Baoshan ...

Yang Jian | September 30, 2016, Friday


Investments, exports up, boosting US outlook

Investments, exports up, boosting US outlook

US economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook....

September 30, 2016, Friday


OPEC keeps differences at bay as it announces cut in oil production

OPEC keeps differences at bay as it announces cut in oil production

OPEC’S unexpected understanding to trim production shows the cartel still has the resolve — and even desperation — to try to guide energy markets higher. But don’t expect triple-digit oil prices anytime ...

September 30, 2016, Friday


 

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