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Coal Production Down 9.4 Pct in 2016
Feb 3, 2017Amid the country's effort to build a greener energy system, the country's raw coal production by its large-size coal companies continued to decline in 2016. Combined raw coal production from the country's designated large coal companies ...
Tags: Coal Production, Coal
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China Retail Sales Grow 10.4 Pct in 2016
Jan 26, 2017China's retail sales of consumer goods, a key indicator of consumption, grew 10.4 percent year on year in 2016, the same as the first three quarters, official data showed Friday. Retail sales grew 9.6 percent year on year after deducting ...
Tags: consumer goods, catering industry
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Taiwan's Economy to Grow 1.03 Pct in 2016
Oct 24, 2016A Taiwan think tank Chung-Hua Institution for Economic Research (CIER) raised its forecast for Taiwan's annual economic growth for 2016 to reflect improvement of demand inside the island. The island's gross domestic product (GDP) is ...
Tags: Taiwan's Economy, CIER
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China's Tax Revenue up 7 Pct in Nine Months
Oct 24, 2016China collected 8.97 trillion yuan (1.33 trillion U.S. dollars) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said Thursday. The tax revenue growth in the first nine months this ...
Tags: tax revenue, taxes
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Shanghai 2015 GDP Grows 6.9 Pct
Jan 22, 2016Shanghai's GDP grew at the same pace as the country with economic growth of 6.9 percent recorded in 2015, the local statistics bureau announced Wednesday. According to preliminary calculations, Shanghai's GDP stood at about 2.5 trillion ...
Tags: Shanghai's GDP, GDP
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China's Maritime Economy Expands by 8 Pct Annually
Dec 31, 2015A government report shows the total production value of China's maritime industry grew by an average of 8.4 percent annually from 2011 to 2014. Daily desalination capacity increased by over 330-thousand tons and the annual growth rate of ...
Tags: Maritime Economy
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Deutsche Bank to Sell 20 Pct Hua Xia Stake
Dec 29, 2015Deutsche Bank has agreed to sell its 20-percent stake in China's Hua Xia Bank to PICC Property and Casualty Co. for over 3.3 billion US dollars. Germany's biggest lender says the completion of the transaction will be subject to customary ...
Tags: Deutsche Bank, Hua Xia Stake
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UBS Forecasts China Q4 Growth at 6.9 Pct
Dec 28, 2015China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
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U.S. Economic Growth Revised Down to 2 Pct in Q3
Dec 24, 2015The 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
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China's Zoomlion Buys 57 Pct Stake in Ladurner
Dec 24, 2015Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner. Zoomlion said it had teamed-up with Mandarin Capital to ...
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Sinopec Acquires 10 Pct Share of Russia's Sibur
Dec 22, 2015China's largest oil refiner Sinopec has completed a deal to acquire a 10 percent share of Russia's largest gas processing company Sibur. Under the deal, Sinopec will have the right to nominate a representative to Sibur's board of ...
Tags: Sinopec, Russia's Sibur
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Smartphone Sales of Huawei in Europe Grow 125 Pct
Dec 22, 2015Sales of Huawei smartphones have grown 125 percent year-on-year in Central, Eastern, and Northern European regions. 3.5 million units have been delivered, an increase of over 110 percent compared with a year ago. Meantime, sales revenue ...
Tags: Smartphone, Huawei, Sales
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China's Outbound Direct Investment up 12.6 Pct
Dec 18, 2015China made 8.92 billion U.S. dollars in non-financial outbound direct investment (ODI) in November this year, up 12.6 percent year on year, the Ministry of Commerce (MOC) said on Thursday. In the first 11 months of 2015, China made 104.13 ...
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China's Retail Sales Growth Estimated at 10.7 Pct in 2015
Dec 18, 2015China's retail sales of consumer goods will see annual growth of 10.7 percent this year, the Ministry of Commerce (MOC) forecast Thursday. The domestic consumer market was stable this year and it gained momentum in recent months, said MOC ...
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China's Jan.-Nov. Outbound Direct Investment up 16 Pct
Dec 17, 2015The Chinese mainland made around 104 billion U.S. dollars in non-financial investment in overseas markets in the first 11 months of 2015, up 16 percent year on year, an official of the Ministry of Commerce (MOC) said on Tuesday. Outbound ...
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