The World Bank on Tuesday kept its forecast for China's economic growth rate for 2017 unchanged at 6.5 percent, saying that the economy will continue sustainable growth as it is rebalancing from manufacturing to services, despite reemerging ...
Tags: World Bank, Chinese Economy
Despite the global economic slowdown and tougher competition to attract capital, Shanghai attracted $18.5 billion in overseas investment in 2016, marking the 17th consecutive year of growth. According to official figures released by the ...
The yuan's so-called psychological threshold of 7 to the US dollar is not so important for the Chinese economy, analysts said on Thursday, after the central bank rejected an "irresponsible" media report that the yuan had fallen below that ...
Tags: US dollar, Chinese economy
Taiwan’s LED industry production value increased nearly 15% year-on-year during the first nine months of 2016, as more governments around the globe rolled out policies supporting environmental friendly businesses, said the Ministry ...
Tags: LED lighting, LED Industry
4K TV, otherwise known as Ultra HD, is becoming increasingly popular, and looks set to become even bigger in 2017 as prices come down and more consumers start to upgrade their sets. But British Gas has a word of warning for all those ...
Tags: 4k TV, Ultra HD TVs
China will continue to push for globalization, and multilateral talks and promotion of trade, as it marked the 15th anniversary of joining the World Trade Organization on Sunday, according to Chinese trade officials and experts. China ...
Tags: WTO, trade promotion
China's foreign exchange reserves shrank for a fourth straight month in October, the central bank said Monday. The world's largest currency hoard fell to 3.12 trillion U.S. dollars last month, down 45.7 billion dollars from September, ...
Tags: Forex Reserves, foreign exchange
China's exports growth narrowed from previous drops in October while imports accelerated growth, however weak global demand might weigh on future trade growth. Exports measured in yuan fell 3.2 percent year on year in October, a slower ...
Tags: trade surplus, exports growth
US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...
Tags: crude exports, crude
Volvo is gearing up for a driverless car trial involving 100 cars that will be unmarked due to fears that motorists will bully the vehicles. The trial is set to get underway in 2018 in London, and will use versions of the Swedish ...
Tags: Volvo, Driverless Cars
Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said. "China is on the ...
Tags: Consumption, economic driver
Australian business attitudes are upbeat as we head into the year-end holiday trading period. According to Dun & Bradstreet’s September Business Expectations Survey, companies are anticipating increased sales, profits, employee ...
Tags: business, Dun&Bradstreet, merry Christmas
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
The ATA has released its contract checklist, which aims to help trucking businesses ensure their contracts are fair and legal. The checklist responds to the lengthening payment terms faced by trucking businesses, as well as concerns that ...
Tags: contract checklist, ATA
According to Transport Intelligence’s (Ti) new report Global Warehousing and Logistics Networks 2016, economics’ medium- to long-term impact on supply chains can be best understood by focusing on relatively few measures. ...
Tags: Ti report, warehousing and logistics network, supply chains