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Shanghai Daily,上海日报
Latest news:

Economy


ECB holds steady easy monetary stance

THE European Central Bank left its ultra easy monetary policy stance unchanged as expected yesterday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens. After ...

July 21, 2017, Friday


BOJ cuts annual inflation outlook

A woman walks past the logo of the Tokyo 2020 Olympic and Paralympic Games in Tokyo yesterday. The Bank of Japan yesterday slashed its annual inflation forecast and once again delayed its timetable for hitting a 2 percent target as the economy struggles to gain traction despite years of stimulus. The BOJ said in a statement that it forecasts inflation at 1.1 percent in 2017, below its 2 percent target and also its earlier outlook for a 1.4 percent rise in the consumer price index. The central bank opted yesterday to keep its lavish monetary stimulus intact. ...

July 21, 2017, Friday


US new home building climbs in June

US homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual ...

July 20, 2017, Thursday


Shanghai GDP expands faster

SHANGHAI’S economy grew by a better-than-expected 6.9 percent annually to 1.39 trillion yuan (US$205.6 billion) in the first half as the industrial sector expanded to offset weaker real estate activities, ...

July 19, 2017, Wednesday


Faster growth points to a lasting recovery

THE acceleration of China’s economic growth in the second quarter of the year exceeded market expectations, with a series of data indicating lasting recovery in the world’s second-largest economy. China’s ...

July 18, 2017, Tuesday


President urges an open economy

CHINA should improve its investment and market environment, accelerate opening up to the outside world and lower operating costs, President Xi Jinping said yesterday. The country should “create a stable, ...

July 18, 2017, Tuesday


China's industrial output picks up speed in H1

CHINA'S value-added industrial output expanded at a more rapid pace in the first half (H1) of this year, adding to signs of continued stabilization in the wider economy. The indicator grew 6.9 percent ...

July 17, 2017, Monday


China’s GDP up 6.9% in Q2

CHINA’S economy expanded 6.9 percent from a year earlier in the second quarter of this year, flat with the growth rate in the first three months, the National Bureau of Statistics said this morning. The ...

July 17, 2017, Monday


Reforms to serve the real economy

CHINA has unveiled plans to reform the financial sector to serve the real economy while guarding against systemic risks. President Xi Jinping, at a two-day National Financial Work Conference that ended ...

July 17, 2017, Monday


No change in globalization of yuan in long run

THE internationalization of the yuan, or the renminbi, remains steady in the long run, despite a temporary setback last year due to a volatile exchange rate and capital outflow, said a report published ...

July 17, 2017, Monday


 

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