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China Passenger Car Sales to Grow Nearly 13%

Nov 9, 2016

Passenger car sales in China, the world's biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year's sales trend, sales of passenger and ...

Tags: Passenger Car, Auto Market

China Fully Opens Civilian Airport Market to Private Capital

Nov 1, 2016

Chinese civilian airport market is now fully accessible to private capital as the national aviation authority issues a sweeping rights-granting guideline Sunday. The Civil Aviation Administration of China (CAAC) rolled out the red carpet ...

Tags: Civilian Airport Market

Coal Price Rise Irrational

Nov 1, 2016

The recent coal price surge in China was irrational and unsustainable, an official said Monday, predicting that prices will retreat as supplies increase. There is no basis for further rises in coal prices, as supplies, freight volume and ...

Tags: Coal, Coal Price

China Set to Hit Steel, Coal Capacity-Cut Targets Early

Oct 31, 2016

China will hopefully achieve its annual steel and coal capacity reduction goals ahead of schedule this year, the country's top economic planner said on Tuesday, as local authorities have intensified efforts in recent months due to pressure ...

Tags: Steel, Coal Capacity-Cut Targets

China to Promote Fitness, Leisure Industry

Oct 31, 2016

The General Office of the State Council has recently published a guideline to improve the fitness and leisure industry. The guideline identified the fitness industry as an area that could help boost consumption and a new engine to prompt ...

Tags: Fitness, Leisure Industry

Largest Smelter Sees Big Profits

Oct 31, 2016

Baosteel Group, the largest steel smelter in China by output, has predicted yearly profit growth of six to eight fold this year. The company registered 8.1 billion yuan ($1.2 billion) of profits in the first three quarters, up 174.6 ...

Tags: Iron, Steel, Steed Bar, Medium Plates, Cold-Rolled Sheets

Chinese Magnesium Prices Surge to New High

Oct 29, 2016

Chinese domestic magnesium prices have surged to fresh three-year highs due to tighter supply, stronger domestic demand and rising costs this year, magnesium trade platform Northeast Asia Magnesia Material Trading Center said in a report on ...

Tags: Magnesium Prices, Magnesium

China's Robot Shipments Topped 68,000 Sets in 2015

Oct 28, 2016

"Please do not stand too close or my pretty face will be too big in your photos," Jia Jia told her "fans" at the 2016 World Robot Conference in Beijing. Jia Jia is a typical oriental beauty with shiny hair, bright skin, a slender figure ...

Tags: Robot, Robotics Industry

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 retreated ...

Tags: Chinese currency, renminbi

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 this ...

Tags: tax revenue, taxes

China's Property Sector Grows 8.8% in Q3

Oct 21, 2016

The property sector saw a year-on-year growth of 8.8 percent in the third quarter of this year, according to official data released on Thursday. The National Bureau of Statistics (NBS) released the GDP figures of different industries on ...

Tags: Property Sector

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

Electric Car Development Roadmap to Be Unveiled

Oct 18, 2016

In December, China will release the first new energy vehicle industry development roadmap, possibly proposing mild hybrid cars as energy saving vehicles, as one of the moves to guide the sector's development in the world's largest electric ...

Tags: Electric Car

China Plans Mass Production of Sea-Rice

Oct 17, 2016

China's "father of hybrid rice" Yuan Longping is planning to expand its production of sea-rice at a newly founded research center in Qingdao, a port city in the eastern province of Shandong, local sources said Saturday. Within three ...

Tags: Sea-Rice

Baidu Sets up US$3b Fund to Finance Internet Projects

Oct 13, 2016

Chinese Internet giant decided to set up a new fund to invest in start-ups in their mid-and-late development stages, a company announced Wednesday. The private-equity-style fund, Baidu Capital, will allocate about 20 billion yuan (US$2.98 ...

Tags: Baidu, Finance

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