Major Chinese State-owned enterprises have launched the nation's largest private equity fund, worth 350 billion yuan ($52.5 billion), to finance SOE restructuring as part of China's efforts to advance supply-side reform. The money will be ...
Tags: Giant SOEs, nation fund
China's steel industry improved its profitability in the first seven months, due to rising steel prices, an industry insider said Saturday. Although sales revenues of 373 steel companies fell 11.91 percent to 1.5 trillion yuan (225 ...
Tags: Steel Companies, steel industry
China's value-added industrial output, an important economic indicator, increased mildly in August -- an encouraging sign for a slowing economy. Industrial output expanded 6.3 percent year on year last month, faster than the 6-percent ...
Slowdown-scarred, growth-seeking Chinese television manufacturers are shifting their focus to intelligent TVs and overseas markets. Five key reasons characterize the trend: falling sales, the rise of smartphones and personal computers as ...
Tags: intelligent TVs, computers
China's machinery sector showed signs of recovery in the first half of 2016, according to an industry association Tuesday. The China Machinery Industry Federation (CMIF) said the sector's value added in the first six months expanded 7.8 ...
Tags: machinery sector, machinery
Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...
Tags: steel production, overcapacity
For second-quarter 2016, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $75.3m, down 8.6% on $78m last quarter and 42.7% on $131.4m a year ago, consistent with ...
Tags: Veeco, LED industry
China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity. "The level of globalization will decide the future of our company", said Ma ...
Tags: high-end markets, truck
China faces two separate challenges: the long-term issue of a declining potential growth rate and the immediate problem of below-potential actual growth. Indeed, the government's supply-side reform strategy will go a long way toward doing ...
China still faces severe steel oversupply, and a recent price surge is only due to temporary market expectations, a senior official said on Thursday. Steel prices increased significantly starting in March and declined mildly in May, as ...
Tags: steel oversupply, steel
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
Chinese Vice Premier Zhang Gaoli has urged positive action to deal with pressure on the economy and to pursue steady and healthy growth. He made the remarks during a tour of central China's Hunan Province from Thursday to Friday. China ...
Tags: Healthy Growth, resilient economy
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
While there are concerns about overcapacity for metal-alloy chassis on the possibility that iPhone shipments in 2016 will slip on year, global demand, especially for aluminum-alloy chassis, will continue growing over the next 3-5 years, ...
Tags: aluminum-alloy, Alloy
China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...
Tags: oil demand, fuel oil