News

Note: This section contains information in English only.
Sun, 12 May 2019 20:05:35 GMT

China views current account surplus in first quarter

China reported on Saturday that surplus in its current account came in at $58.6B in the Q1, up from $54.6B in the prior quarter, boosted by higher external demand for the country's goods.

Sun, 12 May 2019 19:18:27 GMT

Thyssenkrupp seeks new partners for steel operations

Germany's Thyssenkrupp is planning to seek new partners for the group's steel operations after scrapping the EU merger deal with the Indian company Tata Steel, Guido Kerkhoff, the CEO, announced on Sunday.

Sun, 12 May 2019 19:09:26 GMT

Pakistan signs agreement with IMF on $6.0B bailout

On Sunday, Pakistan has reached an agreement with the IMF on a three-year $6.0B bailout package that is aimed at enhancing fragile public finances, as well as boosting the slowing economy, the country's official stated.

Sun, 12 May 2019 18:32:39 GMT

China's express delivery sector expands slower in April

The China express delivery index plummeted came in at 100.8% last month, compared to 101.5% reading in March, according to the CFLP's data report revealed on Saturday.

Sun, 12 May 2019 18:27:47 GMT

China accepts three new initial public offerings

The Chinese national securities regulator approved three new applications for initial public offering of Guangdong SongYang Recycle Resources, Sichuan Dawn Precision Technology and Shandong Yuanli Science and Technology that are set to be listed on the A-share market.

Sun, 12 May 2019 17:33:47 GMT

Washington's tariff increase affects US-Sino trade tensions

Jon Taylor, the expert on China, stated on Sunday that Washington's decision to increase extra tariffs on China imports during another round of the US-China trade talks affected tensions between the two countries, making them "worse, not better".

Sun, 12 May 2019 17:28:52 GMT

China's smartphone deliveries rise in April

China's smartphones shipments surged 6.5% year over year in April to 34.79M units, according to the CAICT report seen on Saturday, while the overall mobile phones deliveries increased 6.7% last month to 36.53M units.

Sun, 12 May 2019 15:54:09 GMT

UN chief heads to New Zealand for three-day visit

Antonio Guterres, the United Nations' Secretary-General arrived in New Zealand's Aukland on Sunday amid his three-day visit to stress the climate change issues during the scheduled meeting with the country's Prime Minister Jacinda Ardern.

Sun, 12 May 2019 15:53:50 GMT

China's Vice Premier calls for US-China cooperation

Liu He, China's Vice Premier, stated that cooperation would be the only right decision for the Asian country and the United States, but added that China would not compromise on the major questions of principle.

Sun, 12 May 2019 15:35:59 GMT

Xi to deliver speech on May 15 in Beijing

China's President Xi Jinping is set to deliver his speech during the Conference on Dialogue of Asian Civilisations' opening ceremony, scheduled to be held in Beijing for May 15, a senior official reported.

Sun, 12 May 2019 15:29:28 GMT

CMBC gets approval to issue $5.88B perpetual bond

CMBC has received an approval on Sunday to issue a $5.88B worth perpetual bond, according to the CBIRC, in a move that should boost the adequacy and quality ratio of the commercial banks' capitals.

Sun, 12 May 2019 14:31:58 GMT

UAE's Utico to invest $294M in Singapore's Hyflux

UAE's Utico FZC submitted a binding bid to make a $294M investment in the Singaporean debt-laden water treatment company Hyflux, Utico's Chief Executive Richard Menezes stated on Sunday.

Sun, 12 May 2019 14:24:12 GMT

China elec-info manufacturing industry's revenue rises in Q1

The revenue of the Chinese electronic information production industry surged 6.3% year over year in the current year's Q1, according to recent official data provided by the country's Ministry of Industry and Information Technology.

Sun, 12 May 2019 13:26:38 GMT

SAIC-GM to recall over 7.5K vehicles

The joint venture between General Motors and the Shanghai-based SAIC Motor, SAIC-GM, is set to recall as much as 7.779 vehicles amid defective electronic power steering, including such car models as Chevrolet Camaro and Cadillac ATS-L.

Sun, 12 May 2019 13:17:24 GMT

Emirates CCO resigns as profit drops

On Sunday, Emirates' spokesman announced that Thierry Antinori, the airline's Chief Commercial Officer, resigned from his position after the Gulf carrier reported a 69% fall in its full-year profit, the weakest reading in a decade, as a strong dollar and rising fuel costs hit the earnings.

Sun, 12 May 2019 12:30:48 GMT

China's export container transport falls in April

China's export container shipping index continued to drop in April amid weak demand in low seasons, according to the Shanghai Shipping Exchange report showing the CCFI to come in at 799.65 last month, down 3.8% from the prior month.

Sun, 12 May 2019 12:18:41 GMT

SGMW plans over 19K vehicle recall

Shanghai General Motors Wuling is set to recall over 19.680 vehicles starting from June 5 due to issues connected to the electronic control unit software of the car engines, the Shanghai Shipping Exchange reported on Sunday.

Sun, 12 May 2019 11:33:34 GMT

Ant Financial unveils mutual aid plans aimed at seniors

Alibaba's affiliate Ant Financial is planning to roll out its mutual aid plan aimed at seniors at 60-70 years old, which would be the extended version of the company's online healthcare platform called Xiang Hu Bao.

Sun, 12 May 2019 11:27:13 GMT

Volvo to phase out over 6K vehicles in China

Volvo Automobile Sales is set to recall 6.223 vehicles in China, including XC90 model produced in the 2014-2016 period, due to safety concerns raised over defects found in the engine cooling system that increase its fire risk.

Sun, 12 May 2019 10:26:35 GMT

CNOOC to boost tech collaboration, interchange

China National Offshore Oil Corporation is planning to boost international technology collaboration and interchange to become more competitive at the global market, China's energy industry insider reported.

Sun, 12 May 2019 10:04:04 GMT

Disney's fiscal Q2 earning top estimates

Walt Disney reported its Q2 earning results for the current year exceeded analysts' estimates with an 81% rise to $3.53 from $1.95 in the previous-year quarter.

Sun, 12 May 2019 09:15:29 GMT

Toyota to bolster China eco-vehicle production via investment

Toyota Motor considers investing over $2.2B in China to bolster the eco-friendly vehicles production in cooperation with China's GAC Group, as the Japanese carmaker seeks to meet the rising demand for eco-vehicles.

Sun, 12 May 2019 08:58:24 GMT

China's DLG ties up with Aussie lithium firm

Lithium Australia has tied up with China's battery manufacturer DLG, seeking to supply Australia's market with its lithium batteries and cooperate together on technology development.

Sun, 12 May 2019 08:37:37 GMT

China's cities become leaders in mobile payment development

Beijing, Shanghai and Hangzhou are the top three China's cities that became leaders in the mobile payment development last year, according to a recent report.

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