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Surge in production of green vehicles

CHINESE automakers produced more than 25,000 new-energy vehicles in June, four times as many as they did in the same month of last year, as the government promotes use of less polluting vehicles, new ...

July 8, 2015, Wednesday


Platts reports gloomy outlook for steel

THE outlook for steel prices in China in July has slumped to a six-month low, while expectations for domestic orders have also deteriorated, according to the latest analysis from global commodity information ...

Ji Xiang | July 8, 2015, Wednesday


Temasek’s portfolio value up 19%

Singapore’s state investor Temasek Holdings said the value of its portfolio jumped by almost a fifth to a record S$266 billion (US$196 billion) in the year to March on the back of a surge in Chinese bank ...

July 8, 2015, Wednesday


Bets with borrowed money

CHINESE shares took another tumble yesterday, defying government efforts to arrest a precipitous fall that has wiped an estimated US$3.2 trillion off markets and threatens the world’s second-largest economy. ...

July 8, 2015, Wednesday


Plunging market a hard lesson for stock investors

THREE weeks of falls on Shanghai’s stock market have cost veteran investor Gu Yongbiao an estimated 5 million yuan (US$805,000), over two-thirds of the value of his portfolio. “The companies and institutions ...

July 8, 2015, Wednesday


US deficit widens on faster fall in exports

THE US trade deficit widened slightly in May, reflecting declines in sales of American-made aircraft and machinery as exports continued to suffer from a strong dollar. The deficit increased 2.9 percent ...

July 8, 2015, Wednesday


Software and Internet drive Shanghai IT

SOFTWARE and the Internet have become dual engines powering Shanghai’s information technology industry whose revenue surged 18 percent in the first half of this year, government officials said yesterday. ...

Zhu Shenshen | July 8, 2015, Wednesday

More News


Shanghai stocks plunge 6.97% at open, extending losses

Chinese stocks opened sharply lower on Wednesday, with the benchmark Shanghai Composite Index sinking 6.97 percent to open at 3,467.4. The Shenzhen Component Index opened 4.44 percent lower at 10,870.14. ...

July 8, 2015, Wednesday


Belt and Road trade ties deeper cooperation

CHINA is deepening cooperation with countries along the “One Belt, One Road” region as trade with them took up more than a quarter of the country’s total, the Ministry of Commerce said yesterday. China’s ...

Feng Jianmin | July 8, 2015, Wednesday


3 new FTZs attract US$3.6b in overseas investments

CHINA’S newly established free trade zones in Guangdong, Tianjin and Fujian have shown promise in attracting overseas investment, the Ministry of Commerce said yesterday. At the end of May, over a month ...

July 8, 2015, Wednesday


Samsung flags drop in operating profit in Q2

SAMSUNG Electronics yesterday flagged a second-quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations. The earnings forecast ...

July 8, 2015, Wednesday


Swiss Post tests mail by drone

A drone carrying a mail box of Swiss Post flies past yesterday above the Bellechasse airport during a press conference. Swiss Post started a series of test for parcel delivery by drone in Switzerland that has many isolated villages in valleys surrounded by mountains. ...

July 8, 2015, Wednesday


Business flourishes between Houston and Beijing

DESPITE a distance of 11,623 kilometers, Beijing and Houston have been getting closer these days, with more and more business being done between the two big cities. Local people have seen an escalating ...

July 8, 2015, Wednesday


German industrial output in May flat

GERMAN industrial output stagnated in May, data from the Economy Ministry showed yesterday, with increases in consumer and capital goods helping to offset weakness in construction. Production in Europe’s ...

July 8, 2015, Wednesday




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