Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...
Tags: State Companies, Profitability
Ford Motor has issued three safety recalls and one safety compliance recall for about 317,000 vehicles. The biggest recall is on the Ford Crown Victoria and Mercury Grand Marquis sedan models, manufactured between 2003 and 2005, over ...
Tags: Ford Motor, recalls, Auto
China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
China's online retail volume is expected to outperform the rest of the world by reaching four trillion yuan (618 billion U.S.dollars) this year, Commerce Minister Gao Hucheng said Sunday. China has attained key targets outlined by the ...
Tags: Online Retail, Volume
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth
Chinese lawmakers on Sunday approved a State Council proposal for stock listing reform at the end of a bimonthly legislative session which began Monday in Beijing. The decision by the National People's Congress Standing Committee will ...
Tags: Stock Listing, Registration-based
By combing its solar panel business and energy storage sector, BYD delivered a truly zero-emission ecosystem to the world in 2011. Today, BYD makes itself one of the world’s leading EV manufacturers as it topped No.1 by selling most ...
Tags: BYD, EVs, Electric Buses, Battery
Shipment of 3D printers in the Chinese market is expected to reach 160,000 units in 2016, outperforming the U.S. market, market research firm IDC said on Tuesday. Mo Minyi, an analyst with IDC China, said despite sales' volume, China will ...
Tags: 3D Printers
The General Administration of Customs (GAC) said Thursday it has intensified crackdown on smuggling of rare animals and plants through 2015. Customs authorities nationwide discovered 160 smuggling cases from January to November, seizing ...
Tags: Customs, Wildlife Smugglers
China's latest efforts to stimulate its economy by deepening structural reform will produce rich "dividends" shared within China's borders and across the world. While the effectiveness of traditional demand-side policy support lessens, ...
Tags: Structural Reform, PRO-growth
Official stats show that China's civil aviation sector has seen record profits of 55 billion yuan, or more than 8 billion U.S. dollars, during the first eleven months of this year. The number is up three quarters compared to the same ...
Tags: China's Civil Aviation
China has realized universal power access when the last remote group of 39,800 people became able to light their homes with electricity. The light came on Wednesday in Gomang and Changjiang villages in the northwestern Qinghai province, ...
Tags: Universal Power Access
China aims to lift over 10 million rural people out of poverty in 2016, so as to make a good start for the next five years, according to a poverty relief meeting on Thursday. The next year's work will integrate the central and local ...
Tags: Rural People, out of Poverty
21 Dec 2015 Tobacco giant Philip Morris has lost its fight against the plain packaging laws that it claimed would threaten the intellectual property of its brands. The company behind Marlboro, Peter Jackson and Longbeach cigarettes has ...
Tags: Philip Morris, Tobacco, Packaging