South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...
Tags: Everbright Bank, foreign banks
Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...
Tags: economy, service sector, manufacturing
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's emerging industrial sectors, inspired by technological innovation and innovative policies, have developed rapidly in 2015. The boom in telecommunication, high-tech manufacturing, e-commerce, new energy and other emerging ...
China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP
China's power use, a key barometer of economic activity, ended a two-month falling streak in November by edging up 0.6 percent from one year earlier as the economy showed signs of stabilization, according to data released Wednesday. ...
Tags: Electricity, Power, economy
Experts and insiders say with the industry booming in China, the country's plan to modernize its financial services may have just entered a golden era. [Photo: nipic.com] Internet finance has become a hot topic at the ongoing World ...
File photo of Jin Liqun, the president-designate of the Asian Infrastructure Investment Bank. [Photo: p-along.com] The president-designate of the Asian Infrastructure Investment Bank says the lender has earned trust on the international ...
A participant writes Chinese character "biang" during a Writing "Biang" event held in Xi'an, capital of Northwest China's Shaanxi province, April 13, 2014. Voting for The Chinese Character and Chinese Word of the Year 2015 launched on Nov ...
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...
Tags: crude, oil prices, wells
On December 3 2015, the High-level Dialogue between Chinese-African Leaders and Business Communities and the 5th Conference of the Chinese and African Entrepreneurs, jointly held by the Chinese Ministry of Commerce, China Council for the ...
China Petroleum and Chemical Corp., or Sinopec, has reduced its North China toluene ex-factory offers by Yuan 200/mt ($30.97/mt), or about 4%, Tuesday, amid weakness in demand and the yuan, an industry source said. Its North China ...
Certain LED manufacturers have turned their attention to niche lighting market applications in the wake of declining LED profits, but MLS is ambitiously vying the IC semiconductor industry and emerging markets to boost its profitability in ...
Tags: MLS, IC Semiconductor, LED display