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Asia

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  • Yuan Tumble Unlikely Despite Weakening
    Oct 24, 2016

    Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan ...

    Tags: Chinese currency, renminbi

  • Consumption Growth Called Key
    Oct 24, 2016

    Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said. "China is on the ...

    Tags: Consumption, economic driver

  • China's Tax Revenue up 7 Pct in Nine Months
    Oct 24, 2016

    China collected 8.97 trillion yuan (1.33 trillion U.S. dollars) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said Thursday. The tax revenue growth in the first nine months ...

    Tags: tax revenue, taxes

  • China, Philippines Eye Enhanced Economic Ties
    Oct 21, 2016

    China and the Philippines on Thursday pledged to improve economic ties through cooperation. During a meeting with Philippine President Rodrigo Duterte at the Great Hall of the People, Chinese Premier Li Keqiang said China and the ...

    Tags: Economic Ties

  • China Foreign Trade Still Faces Strong Headwinds
    Oct 19, 2016

    China's foreign trade still faces strong headwinds as uncertainties mount, a commerce official said Tuesday. The difficulties will not end in the near term, with uncertain and unstable factors increasing, Shen Danyang, spokesperson for ...

    Tags: Foreign Trade

  • Optimism Among Traders as Canton Fair Opens
    Oct 17, 2016

    Chinese manufacturers and traders were optimistic about overcoming global economic headwinds as they turned up at the month-long Canton fair which opened its 120th session on Saturday at the southern city of Guangzhou. The biannual ...

    Tags: Canton Fair

  • RMB Records Weakening Streak Against USD
    Oct 13, 2016

    The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest ...

    Tags: RMB, USD

  • Brief Report of Malaysia's Trade in June 2016
    Oct 12, 2016

    According to the statistics of State Statistics Bureau in Malaysia, its volume of goods trade was USD171.95 billion from January to June in 2016, down 10.0% year-on-year (the same below). Exports fell by 10.0% to USD91.10 billion, and ...

    Tags: Malaysia, goods trade

  • NE China Port Benefited From Belt and Road Initiative
    Oct 12, 2016

    Yingkou Port, in the northeastern province of Liaoning, has seen a rise in freight volume despite the sluggish local economy, thanks to the Belt and Road Initiative. During the first nine months of this year, the port registered ...

    Tags: Belt and Road Initiative, China Port

  • Russian Ice Creams Hot in China
    Oct 11, 2016

    Ice creams made in Russia are gaining popularity in China after Russian President Vladimir Putin brought them as a gift for President Xi Jinping during the G20 summit in Hangzhou earlier this month. Xi, who turned out to be a fan of ...

    Tags: Ice Creams, Food

  • Nuclear Firm Confident Reactor Can Pass UK Test
    Oct 10, 2016

    China General Nuclear Power Corp has said it is confident that the Chinese-made Hualong One reactor will pass Britain's strict approval process in five years. The technology, also known as HPR1000, will be submitted to the UK Office ...

    Tags: Nuclear

  • Renminbi's Inclusion in SDR
    Oct 9, 2016

    "The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...

    Tags: RMB, Renminbi, SDR

  • China Promotes Sci-Tech Cooperation
    Oct 9, 2016

    The Chinese government has released a plan on scientific and technological (S&T) cooperation between China and countries along the Belt and Road. China plans to set up joint labs, research centers, tech transfer centers and S&T parks ...

    Tags: Belt and Road, Sci-Tech Cooperation, China

  • Brief Report of South Korea's Trade in August 2016
    Sep 29, 2016

    According to the statistics from South Korea’s Customs, its volume of goods trade was USD583.56 billion from January to August in 2016, down 10.1% year-on-year (the same below). Exports fell by 8.8% to USD322.30 billion, and imports fell by ...

    Tags: South Korea, goods trade

  • Mainland-Macao Trade Slumps in First 7 Months
    Sep 27, 2016

    Trade between the Chinese mainland and Macao dropped by 26 percent year on year to 1.96 billion U.S. dollars during the first seven months of 2016, according to figures from the Ministry of Commerce. The mainland's exports to Macao ...

    Tags: Macao capital, investment projects