California start-up Skully Incorporation plans to ship the first orders of what it says is the smartest motorcycle helmet ever by Christmas. Marcus Weller, founder and CEO of Skully Inc says the idea started off with an accident. He was ...
China is set to become the global leader in renewable technology, aiding the rise of a moderately prosperous society following the significant reforms implemented in the five-year plans. Frederic Neumann, co-head of Asian Economic ...
China is set to stop construction of public rental houses and renovate 6 million run-down urban houses in 2016. The program is a crucial way of providing low-income urban residents with affordable housing. Minister of Housing and ...
Tags: Renovate, Run-down Houses
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
Chinese stocks posted gains on Friday as market sentiment was boosted by a strong transportation sector. The benchmark Shanghai Composite Index rose 0.43 percent to close at 3,627.91 points. The smaller Shenzhen index gained 0.37 percent ...
Tags: Shares, Transportation Sector
Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...
Tags: State Companies, Profitability
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...
The latest changes to China's forex market management will increase yuan volatility and boost trading volumes, according to a leading Chinese investment firm. From Jan. 4, closing time for China's interbank foreign exchange market will be ...
Tags: Forex, Trading Volume
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth
This year China has seen its customs undertaking reforms to facilitate trade across the border. Yu Guangzhou, head of the General Administration of Customs, said the customs clearance reform is in accordance with the annual economic work ...
Tags: China's Customs, Work Efficiency
Chinese entrepreneurs are not as confident about the macro economy as they were in the previous quarter, said a quarterly survey by China's central bank Thursday. Based on a survey of over 5,000 industrial businessmen nationwide, the ...
Tags: Entrepreneur, Confidence Index
Chinese stocks tumbled for the second straight session Thursday led by brokerages and the coal sector. The benchmark Shanghai Composite Index dropped 0.65 percent to close at 3,612.49 points. The Shenzhen index lost 0.58 percent to finish ...
Tags: Shares, Brokerages
China will continue to actively destock its massive property inventory over concerns that the ailing housing market could derail the economy. Along with cutting overcapacity and tackling debt, destocking will be a major task in 2016, ...
The U.S. Commerce Department on Tuesday revised down its estimate for the real gross domestic product(GDP) in the third quarter to a growth of 2 percent, slightly lower than its last projection of 2.1 percent. The growth was on par with ...
Tags: U.S.Economic, Down
Rating agency Fitch predicts that China's annual steel exports are likely to fall to 70 to 80 million tons in the long term. Official data shows in 2014, China's steel exports reached 94 million tons. However, more steel production ...
Tags: Chinese Steel, Exports