Chinese equities gained 2.1 percent to hit a 13-month high Tuesday after losses over three trading days, boosted by investors' optimism. The benchmark Shanghai Composite Index on the Shanghai bourse closed at 3,145.16 points, up 64.6 points, or 2.1 percent. The Shenzhen Component Index closed at 12,991.06 points, up 330.51 points, or 2.61 percent. Tota...
China's national government pension fund, the Social Security Fund (SSF), may cut its stock investments in the second half despite that it made a 9.99-percent return on equity investments during January to June, analysts said. SSF, which is estimated to have invested around 16 percent of its 660 billion yuan ($96.63 billlion) worth assets in stocks in th...
China and the US have significant potential to cooperate on affordable clean energy technologies and ensure its wide adoption going forward, a leading think-tank expert told China Daily yesterday. Dennis Bracy, chief executive officer of the US-China Clean Energy Forum, said: "Currently, some of the highly advanced technologies, such as CCS (Carbon Captur...
China's Baosteel will raise prices of its major steel products by 9 to 13 percent next month, more than expected, the biggest one-off increase since Baosteel moved from quarterly to monthly prices last May. Baoshan Iron and Steel Co Ltd, the listed unit of China's largest steel mill, will increase hot and cold-rolled steel products by 9 to 13 percent co...
Industrial output of China's light industry grew 10.4 percent year-on-year in May, 0.6 percentage points higher than April's growth rate, and the industry's total output in the first five months this year increased 8.8 percent year-on-year, according to the National Bureau of Statistics. The food processing related sectors remained on the rise in May, ...
China's national property climate index, which reflects overall conditions in the sector, rose 0.61 percent to 96.55 last month, the National Bureau of Statistics (NBS) said on Monday. It is the third consecutive month, since April, that the index has seen month-on-month growth, suggesting a rebound in the sector. The index had been falling since it peak...
China has enough resources to eventually overtake India in business outsourcing services, a leading think tank economist said. " China has great potential to surpass India in this regard. Our only disadvantage is a lack of English proficiency," said Wu Jinglian, a senior researcher with the Development Research Center of the Stat...
China 's power consumption rose 3.79 percent year-on-year to 305.22 billion kWh in June, the China Securities News reported, citing sources from the China Electricity Council (CEC). The country's power output reached 300.92 billion kWh in June, up 4.7 percent from a year earlier. Analysts ascribed the increases in both figures to high te...
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