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BEIJING - The country's high trade surplus will likely remain for the rest of the year as domestic demand continues to shrink from government attempts to curb the property bubble, Chinese analysts have said. Exports in July shot up 38.1 percent from the same period last year, bringing trade surplus to a 18-month high of $28.7 billion and beating ...
China’s exports surged in July, growing 38 percent compared to last year and again beating expectations. However, imports in the same month dropped to a below-consensus 22.7 percent year-on-year against a backdrop of moderating domestic demand and cooling prices, said HSBC’s Qu Hongbin, co-head of Asian economics research “As a res...
China will soon publish a plan for what it called "newly developing energy industries" that will involve 5 trillion yuan ($739 billion) in investment through 2020, the China Securities Journal reported on Monday. The plan has been approved by the National Development and Reform Commission and will be submitted to the State Council for approval, th...
Big Chinese steelmakers are likely to raise their product prices in September after a rebound in the steel market over the last several weeks, the China Securities Journal said on Monday. The newspaper cited traders and analysts as saying that a pickup in market steel prices that began in mid-July had prompted traders and end users to step up their orde...
China's economy will enjoy a strong, stable second half, putting it on course for full-year growth of about 10-11 percent, a leading government economist said in comments published on Monday. The forecast by Zhang Yutai, head of the Development Research Center, a think-tank under China's cabinet, is more bullish than those of many independent as well ...
BEIJING - The Chinese spent more in July as inflationary pressures have eased with a fall in the food prices, according to the latest reading of an index that gauges the consumer confidence published Monday. The Bankcard Consumer Confidence Index (BCCI), compiled by Xinhua News Agency, and China UnionPay, the national bankcard association, rose to 86.41...
China has ordered more than 2,000 companies in 18 industries including cement, coking, iron, paper and dyeing to shut outdated manufacturing capacity by the end of September, according to media reports Monday. The factories targeted for closure were either highly polluting, highly energy-wasting, or did not meet safety requirements, the Ministry of Indu...
BEIJING - Baotou Steel Rare Earth High-Tech Co and Jiangxi Copper Corp are set to launch a unified pricing mechanism on light rare earth materials nationwide, a move that is expected to give China a bigger say in international markets over the valuable resource. China supplies more than 95 percent of global rare earth oxides and contains more than half ...
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