The amount of non-cash payments in China in the first quarter rose 7.1 percent year on year, according to a central bank report released on Tuesday. The amount of money involved in non-cash payments,including commercial papers, bank cards ...
The yuan edged up against a basket of currencies in May despite hopes for a stronger US dollar, according to an index released by financial services provider China Foreign Exchange Trade System. The yuan exchange rate composite index, ...
Tags: basket of currencies, US dollar
China's export growth in yuan-denominated terms slowed to 1.2 percent year on year in May from 4.1 percent in April, customs data showed Wednesday. Imports grew 5.1 percent, significantly rebounding from a 5.7-percent decline in April, ...
Tags: China's export, Imports Rebound
A May 25 Bloomberg report said that Chinese officials plan to ask their American counterparts during the upcoming eighth round of the China-U.S. Strategic and Economic Dialogue about the chance of a Federal Reserve (Fed) interest rate ...
China's robust drone industry is likely to see its market value swell to 75 billion yuan ($11.54 billion) by 2025, the consultancy iResearch estimated in a research paper. At the end of 2025, the unmanned aerial vehicles will be applied ...
Tags: Drone, robust drone industry
China will continue to offer potential for high growth to coffee beverage players, experts said. For, new consumers are being continually attracted to support the ready-to-drink or RTD coffee and coffee pod machines, they said. Hope ...
Tags: coffee beverage, coffee pod
Revenue from virtual-reality-related products and services is expected to more than triple in China this year compared with last year, but experts insist the burgeoning sector is still in need of significant improvement in terms of user ...
Tags: VR products, VR market
Maanshan Iron and Steel or Magang, the largest steelmaker in eastern China's Anhui province, on Monday announced it was cutting its ferrous scrap buying price by Yuan 30/metric ton ($5/mt), a company source said. The move followed the ...
Tags: Iron, Steel, steelmaker, ferrous scrap
China Shenhua Energy Company Limited, the nation's top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (734 million U.S. dollars) in the first quarter of 2016. Shenhua, a State-owned ...
Tags: coal producer, coal
China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday. The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below ...
Tags: manufacturing activity, sub-index measuring production
China spent big on culture in 2015, with a total of 68.3 billion yuan (10.5 billion U.S. dollars) spent on cultural undertakings, an increase of 17.1 percent from 2014, according to a report released by the Ministry of Culture on Apr 25, ...
Profits of China's major industrial firms rose 11.1 percent year on year in March, widening from a 4.8 percent growth in the Jan.-Feb. period, official data showed on Wednesday. The profits of major industrial companies with annual ...
Many of China's state-owned enterprises (SOEs) reported drops in profits in Q1, as building materials, electronics and tobacco firms reported large profit declines, Ministry of Finance data showed on Tuesday. The combined profits of ...
Tags: state-owned enterprises, electronics, building materials
China collected 2.98 trillion yuan ($458 billion) in taxes in the first quarter of 2016, up 9.8 percent year on year, data from the State Administration of Taxation (SAT) showed on Wednesday. Tax collected from tertiary industry rose 12 ...
More funds will be mobilized to protect endangered heritage that is currently outside government domain, according to a top official of the Culture Ministry. The move comes in the wake of related national guidelines released by the State ...
Tags: Private Hands, Funds