Business / Industries

Golden Week won't reverse HK tourist decline

[2016-09-29 07:49]

With the National Day holiday (Oct 1-7) just around the corner, tourist industry chiefs on Wednesday voiced concerns that Hong Kong would continue to suffer from shrinking mainland visitors, after a brief rebound in July, to resume the past 12 months of dwindling numbers.

Telecom, media, tech lure PE, VC investors

[2016-09-29 07:00]

Private equity and venture capital investment in the telecommunications, media and technology sectors reached a new high in the first half of 2016, and the trend will continue in the second half.

China's rail freight declines in Jan-Aug

[2016-09-28 15:58]

China's national rail freight volume, an indicator of economic activity, declined in the first eight months of the year, the country's top economic planner said Wednesday.

China imposes anti-subsidy duties on US distiller's grain

[2016-09-28 13:30]

The MOC said on Wednesday that it will impose anti-subsidy duties on distiller's dried grain from the United States by requiring importers to pay a cash deposit on purchases.

China's outbound tourists to exceed 600m in five years

[2016-09-28 10:04]

Over 600 million Chinese tourists will travel abroad in the next five years.

Ecopark boosts global standardization efforts

[2016-09-28 07:55]

Qingdao-based Sino-German Ecopark, the only strategic cooperation park in China between the Chinese and German governments, has been pushing forward the standardization of energy-saving buildings domestically and internationally.

Credit default swap trading 'no threat to property market'

[2016-09-28 07:12]

Trading in credit default swaps is unlikely to trigger a substantial correction in China's property market, economists said on Tuesday, saying that concerns that speculators would use credit default to short the market were unfounded.

Positive signs for industry emerging

[2016-09-28 03:44]

China's industrial profits show positive changes in August thanks to policy-level efforts to reduce waste and also to a low base of comparison.

China expresses concern over Thai investigation into Chinese steel

[2016-09-27 14:53]

China's Ministry of Commerce on Tuesday expressed concern over Thailand's investigation into Chinese steel products and urged the country to be cautious and restrained in using trade remedy measures.

China issues plan to lower logistics costs

[2016-09-27 13:52]

The central government asked for a concerted effort to lower logistical costs in an action plan issued by the State Council Monday.

Life of 10 drivers for web taxi-hailing services

[2016-09-27 13:39]

They may be a white-collar worker returning home, a company salesperson, a hotel staffer, a stay-at-home dad, a factory owner or a construction worker, but now they are all driving for internet taxi services.

Making insurers transparent

[2016-09-27 09:45]

China's insurance regulator is strengthening norms to prevent insurers from turning into financing platforms of their major shareholders.

Spotlight shines on outbound M&A

[2016-09-27 09:35]

Chinese insurers are making overseas investments for steady returns and to prevent exchange rate risks, experts said.

The great Chinese insurance rush

[2016-09-27 09:27]

According to CIRC data, total assets of China's insurance industry have more than doubled from 5 trillion yuan in 2010 to 12 trillion yuan in 2015.

Property giants smash sales targets as prices soar

[2016-09-27 07:19]

Sales of China's three largest property developers have exceeded $29.98 billion so far this year, fueled by a huge housing boom.

Micro home deals ruled illegal

[2016-09-27 07:03]

Four six-square meter apartments sold this weekend in Shenzhen made a splash in the media, but the sales were later declared illegal due to unauthorized modifications made to the properties.

China to build first homemade luxury cruise in Shanghai

[2016-09-26 13:19]

The first batch of homemade luxury cruise vessels will be built at the shipyard of Shanghai Waigaoqiao Shipbuilding and the first delivery is expected in 2022, the China News Service reports.

China extends anti-dumping duties on US chicken for 5 years

[2016-09-26 14:49]

China's Ministry of Commerce announced Monday that it will extend anti-dumping duties on US white-feathered broiler chickens for another five years, starting Tuesday.

China's three property giants see sales hit $30b in 2016

[2016-09-26 14:16]

Transaction volume of three large Chinese property developers reached $29.98 billion this year, fueled by a housing boom.

China's coal industry still plagued by overcapacity despite price rebound

[2016-09-26 14:01]

The supply-demand mismatch in China's coal industry has not seen a substantial change despite prices rebounding this year, an industry association said.

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