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Demand grows for construction behemoths

Demand grows for construction behemoths

CHINA’S heavy machinery industry continues to rebound on the back of increased investment on infrastructure like railways, bridges and airports. Last year, profits in the industry rose 5.54 percent from ...

Song Yingge | February 25, 2017, Saturday


Profit in Q4 plunges 83%

Profit in Q4 plunges 83%

An employee walks past the logo of Baidu at its headquarters in Beijing. China’s largest search engine Baidu suffered a decline in fourth-quarter profit as advertising income fell after it was ordered by government agencies to tighten scrutiny over health care ads. Baidu yesterday said its profit plunged 83 percent to 4.13 billion yuan (US$602 million) in the quarter. — Reuters...

February 25, 2017, Saturday


3rd straight week up

3rd straight week up

Shanghai stocks edged up yesterday, with the main index up for the third straight week....

February 25, 2017, Saturday


More VR titles coming

More VR titles coming

Chinese media and game firms plan to produce more virtual reality titles this year to woo consumers, industry officials said yesterday....

February 25, 2017, Saturday


Shift to growth quality

Shift to growth quality

China’s greater emphasis on growth quality will ease debt pressure and accelerate the pace of supply-side reforms, helping the country move to a high-income economy by 2027, Morgan Stanley said in a report...

February 25, 2017, Saturday


Cultural services

Cultural services

The first Shanghai Pudong Public Cultural Services Procurement Conference opened yesterday as the city intensifies efforts to promote cultural services....

February 25, 2017, Saturday

More News


Chinese bankers most concerned by bad loans: report

Chinese bankers most concerned by bad loans: report

RISING bad loans were the main worry of Chinese bankers last year, according to an industry report. About 90 percent of 1,794 bankers surveyed regarded risk management from bad loan pressure as the biggest ...

February 25, 2017, Saturday


Foresea Life chief barred for 10 years

Foresea Life chief barred for 10 years

THE top insurance regulator yesterday barred Yao Zhenhua, chairman of Foresea Life Insurance, from the insurance industry for 10 years for irregular market operations. The China Insurance Regulatory ...

February 25, 2017, Saturday


Market rigger fined US$507m, banned from trading for life

Market rigger fined US$507m, banned from trading for life

CHINA’S securities regulator yesterday fined chairman of P2P Financial Information Service Co, formerly Shanghai Duolun Industry Co, nearly 3.48 billion yuan (US$507 million) for manipulating stock prices. Xian ...

February 25, 2017, Saturday


China is Germany’s top trade partner

China is Germany’s top trade partner

CHINA overtook the United States last year to become Germany’s biggest trading partner for the first time, official data showed yesterday, a shift likely to reassure Berlin as worries grow over US President ...

February 25, 2017, Saturday


Baidu reports less profit in Q4

Baidu reports less profit in Q4

CHINA'S largest search engine Baidu reported declining profit and revenue in the fourth quarter of last years due to falling advertising income after it was ordered by government authorities to tighten ...

Ding Yining | February 24, 2017, Friday


China seeks stable property development

China seeks stable property development

China is seeking to maintain stability in the property market this year after the roller-coaster ride of 2016, with measures to prevent surges in metropolises and the growing inventories in small cities. “Despite ...

February 24, 2017, Friday


Ctrip’s revenue soars 76%

Ctrip’s revenue soars 76%

SHANGHAI-BASED Ctrip said yesterday that its revenue soared 76 percent year on year in the fourth quarter following the acquisition of former rival Qunar by China’s biggest online travel platform. In ...

February 24, 2017, Friday


Weibo posts firm results

Weibo posts firm results

CHINA’S microblogging site Weibo reported better-than-expected profit and revenue in the fourth quarter of last year as it benefited from strong advertising and marketing demand. Net revenue surged 43 ...

February 24, 2017, Friday


Out of the frying pan into the fire

Out of the frying pan into the fire

Carlos Ghosn attends an interview at Nissan’s global headquarters in Yokohama yesterday. Nissan Chief Executive Ghosn said he will quit the post to focus on overhauling scandal-hit Mitsubishi Motors, but will stay on as chairman at the Japanese automaker he was credited with saving. Ghosn, 62, who also heads up French automaker Renault, will hand over the reins to Nissan veteran Hiroto Saikawa in April. Among a handful of foreign-born CEOs at Japanese firms, Ghosn earned the nickname Le Cost Killer for his aggressive restructuring at Renault and later the nearly bankrupt Nissan in the late 1990s. ...

February 24, 2017, Friday


 

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