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Shanghai Daily,上海日报

Economy


Greece’s neighbors protect economies

Greece’s regional neighbors took measures yesterday to protect their banks and economies from the escalating financial crisis there and the possibility of a Greek exit from the euro. Athens on Sunday ...

June 30, 2015, Tuesday


Integration of industry and IT to quicken

CHINA will accelerate the integration of information technology and industrialization to become a world manufacturing power, a senior official said yesterday. The government will advance integration in ...

June 30, 2015, Tuesday


Financial reforms to accelerate for stability

CHINA will accelerate financial reforms to better serve the real economy in order to ensure stability is sustained, top financial leaders said at the Lujiazui Forum yesterday. The forum, which began in ...

June 27, 2015, Saturday


Japan’s inflation flat in May

THE state of Japan’s economic recovery remains murky, with inflation still nearly flat in May despite unprecedented monetary stimulus, though joblessness was flat at 3.3 percent and household spending ...

June 27, 2015, Saturday


US economy falls at 0.2% annual rate in Q1

General Motors introduces the new 2016 Chevrolet Camaro Convertible at the Sound Board inside the MotorCity Casino & Hotel in Detroit, Michigan in the United States, yesterday. The Commerce Department also said yesterday that the US economy fell at a 0.2 percent annual rate in the January-March quarter instead of the 0.7 percent pace of contraction it reported last month. A fairly stronger pace of consumer spending than previously estimated accounted for much of the upward revision. Consumer spending, which accounts for more than two-thirds of US economic activity, was revised up to 2.1 percent growth pace from the 1.8 percent rate reported last month. With personal savings increasing at a robust US$720.2 billion pace, consumer spending could accelerate in the second quarter. There are signs that growth is accelerating in the second quarter as the temporary drag from unusually heavy snowfalls and the ports dispute fades. Retailers reported strong sales in May, and employers stepped up hiring. Housing is also firming. ...

June 25, 2015, Thursday


China’s factory activity still weak

CHINA’S manufacturing activity showed some stability but continued to be weak overall in June as it shrank for a fourth straight month, a survey showed yesterday. The generally weak activity may pave ...

June 24, 2015, Wednesday


China hopes Greek crisis over soon

CHINA said yesterday that it hopes Greece gets out of its debt crisis at an early date. Foreign Ministry spokesman Lu Kang said that China has noted the close communication among the relevant parties ...

June 24, 2015, Wednesday


Euro finance ministers fail to reach agreement on bailout for Greece

EUROZONE finance ministers broke off talks yesterday without an agreement on Greece’s bailout, saying they aim to reach a deal later this week that might keep the country from defaulting and falling out ...

June 23, 2015, Tuesday


E-commerce boost to grow economy

CHINA’S government is taking further measures to boost e-commerce, pinning its hopes on the sector as a new economic growth engine. Its latest policy package is aimed at encouraging entrepreneurship and ...

June 22, 2015, Monday


Economy to bottom out in Q3: report

THE Chinese economy will bottom out in the third quarter and pick up slightly in the last three months, a think tank forecast yesterday. Growth in the Chinese economy is expected to stop slowing in Q3 ...

June 21, 2015, Sunday




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