Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...
China will stabilize its property market this year, with tailored, market-based policies to guide "stable and healthy development," according to the government work report delivered by Premier Li Keqiang Thursday.[Special coverage] ...
China will accelerate price reform this year in sectors such as electric power, head of the country's top price regulator said Thursday. The National Development and Reform Commission (NDRC) will further strengthen its efforts on price ...
Tags: Price Reform, electric power
Chinese mainland stocks declined as the country's leader hints at an economic 11-year-low growth target. The benchmark Shanghai Composite Index fell by 0.95 percent or 31.06 points to 3,248.48 points on Thursday. The Shenzhen Component ...
Tags: Chinese stocks, Hang Seng Index
Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's ...
Tags: HSBC Services, PMI
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...
China's economy is likely to grow at a medium-to-high rate under the "new normal", Economic Daily reported Justin Yifu Lin, a member of China's 12th CPPCC as saying on Monday. Under the "new normal", China has both the conditions and the ...
Tags: medium-to-high rate, new normal
Forget about the upcoming Galaxy S6 and HTC One M9, Huawei has introduced a new pair of entry-level handsets. Although far from the stars of this week’s MWC 2015 gathering, the wallet-friendly Huawei Y635 and Huawei Y360 are helping ...
Tags: Consumer Electronics, MWC
UK-based whiskey and vodka producer Inver House Distillers is planning to ramp up its production capacity in order to cater to increasing demand in international markets. The company has secured £10m in loan from Bank of ...
Tags: Inver House, whiskey, vodka
Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since ...
Tags: garment exports, Textile
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
The United Arab Emirates (UAE) would like to serve as the gateway to better ties between China and the countries in the Gulf region and the Arab world, a senior UAE official said on Saturday. UAE Vice President Sheikh Mohammed Bin Rashid ...
Tags: Belt and Road initiatives, economy
China's cross-border capital flows will remain volatile this year amid uncertainties both at home and abroad, the country's forex regulator said on Sunday. As China gradually moves to make its foreign exchange mechanism more ...