China's economy is stabilizing, and if exports continue to see modest growth in the second half, then the pace of economic growth for the year is likely to be close to 7.5 percent, said a well known economist. Fan Gang, head of the ...
Tags: 2013 Growth
Bank of Communications (BOCOM), China's leading commercial bank, released its projections on Monday for China's economy in the second half of 2013, predicting gross domestic product growth of around 7.5 percent by the end of the year. ...
Tags: Economy
The newly-released Fortune Global 500 list of the world's 500 largest companies features 95 Chinese enterprises, with only the U.S. having more companies on the list. The facts about these 95 Chinese companies make for interesting ...
Tags: Fortune, Chinese Economy
The Chinese economy is capable of withstanding shocks, although its facing downside risks from both external and domestic uncertainties, said the International Monetary Fund (IMF) on Wednesday. China's economy "is expected to grow at ...
Today, the Centre for European Economic Research (ZEW) in Mannheim and the Fudan University in Shanghai publish the results of the first "China Economic Panel" (CEP). CEP is a panel of experts focused on China. It serves to investigate the ...
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester
China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
PayPal, the online third-party payment platform of eBay, is expected to become the first foreign firm to gain a financial payment license in the Chinese mainland. John Donahoe, CEO of the US online auction and shopping service ...
Tags: Service, PayPal, Financial Payment License
Interstoff Asia Essential, Hong Kong’s leading trade fair for fashionable, functional and eco textiles and accessories, returns from 25 – 27 September 2013. Held at the Hong Kong Convention & Exhibition Centre in halls 5B & C, ...
Tags: Interstoff, Apparel, Hong Kong
The downtrend of iron ore prices in the Chinese market is expected to continue in the third quarter this year, according to a report issued by Standard Chartered Bank on May 29. Due to earlier declines in iron ore prices than expected, ...
China International Capital Corporation Limited (CICC), one of the leading Chinese investment banks, has announced a cut in its forecast for China's GDP growth for the current year from 7.9 percent to 7.7 percent, compared to GDP growth of ...
Tags: GDP Growth Forecast, CICC, 2013
The dollar remained below parity with the greenback as speculation about a winding back of US quantitative easing buoyed the American currency. The Australian dollar fell below 100 US cents shortly after 9am AEST today, repeating its ...
Tags: Australian Dollar, US Currency
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy