Chinese equities rose 2.74 percent Monday on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy. The benchmark Shanghai Composite Index, which covers both A and B shares, climbed 2.74 percent to 3,275.05 points. The Shenzhen Component I...
The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capital, closed flat on Monday as 14 out of 28 stocks were up and 14 were down. The board, based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potent...
Beijing's office market saw a steady recovery in the third quarter, with the demand from large domestic firms remaining strong and that from the multinational companies picking up as the global economy revives. The recovery in the office market, which is reflected in the falling vacancy rate and stabilizing rent, is powerful evidence for the resurgent ec...
China's industrial output is expected to grow by about 16 percent year-on-year this month and in December and the full year industrial output growth could reach around 10.5 percent, Minister of Industry and Information Technology Li Yizhong said on Saturday. At the 3-day International CEO Roundtable conference, Li said the industrial output growth would ...
Chinese Vice Premier Li Keqiang on Sunday called for unswirving efforts to deepen the country's medical reform, in order to better protect people's health. Li, also head of the State Council's leading group on health care system reform, made the remarks at a work conference held in Beijing. Noting that health care reform was a tough issue worldwide, ...
The amount of foreign direct investment (FDI) China received rose for the third consecutive month in October, up 5.7 percent year-on-year to $7.1 billion, said Yao Jian, spokesman of the Ministry of Commerce said on Monday. Source: BizChina
Visiting US President Barack Obama said in Shanghai on Monday that Shanghai and Chicago can learn from each other especially on clean energy. He made the remarks during a dialogue with Chinese students at the Shanghai Science and Technology Museum. It is his first trip to China since taking office in January. "It's a terrific opportunity for us to lear...
CITIC Pacific Ltd, an arm of China's biggest State-owned investment company, signed accords to sell as much as two-thirds of the iron ore from its $4-billion Australian project to Chinese mills. "We've identified the major steel works in China who have signed up preliminary sales agreements," Barry Fitzgerald, chief executive officer of the Hong Kong-ba...
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