Imports are expected to make up more than 70 percent of China's crude oil supply in 2018 amid sound economic growth, said a research arm of State-owned energy giant China National Petroleum Corp on Tuesday.
China will accelerate mixed-ownership reforms at its centrally administered, State-owned enterprises through equity diversification and corporate governance changes, the country's State asset regulator said on Tuesday.
China's second-largest e-commerce player JD announced on Tuesday a strategic investment in Tiki.vn, Vietnam's leading business-to-consumer e-commerce platform, expanding its presence in the Southeast Asia market amid fierce competition from Alibaba Group Holding Ltd and Amazon.com Inc.
China's second-biggest e-commerce firm JD has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.
Slower growth in China's money supply will become common as the country continues its deleveraging efforts under tighter regulations, experts said.
Economists have voiced their opinions that China will keep innovation and industrial upgrading at the center of efforts to ensure sustainable and stable economic growth.
The central government will step up its efforts to stamp out inflated and falsified economic data after some local governments in the country cut their gross domestic product growth and admitted fudging key economic numbers, as part of the country's overall efforts to achieve high-quality growth, economists said on Monday.
China's GDP growth for 2017 may stay at 6.9 percent, thanks to favorable internal and external conditions despite the cool-off in the real estate sector and ongoing environmental protection measures, economists said.
Kweichow Moutai Co Ltd, China's signature high-end spirit maker, saw its share price hit a record high on Monday before edging down, even as analysts expect the firm to log further price gains due to product short supply and speculative interest.
Mining giant BHP Billiton said it expects a slightly softer iron ore market in 2018 given construction is likely to grow at a slower pace globally.
Shares of technology company Xunlei Ltd plunged 27.4 percent on Monday after the National Internet Finance Association of China said its token-based virtual currency, LinkToken, is a potentially high-risk model.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
