EconomyLoop
where regional business news becomes global to everyone

Foxconn approved for IPO

CHINA has approved the Shanghai listing of an Internet and industrial-focused subsidiary of Taiwan’s Foxconn, the world’s largest contract electronics manufacturer. China Securities Regulatory Commission... read more

 Shanghai Daily48 days ago

     
Reform to share listing to invigorate capital market

China’s securities regulator is set to reform stock exchange listing to invigorate the country’s capital market and foster the new economy.... read more

 Shanghai Daily48 days ago
China’s exports surge at fastest pace in 3 years in February

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 Shanghai Daily48 days ago
AWE-inspiring robots steal limelight

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 Shanghai Daily48 days ago
Shanghai GDP expands 6.9% in 2017

SHANGHAI’S economy grew 6.9 percent in 2017, the municipal statistics bureau said yesterday. It kept pace with China’s gross domestic product growth and was slightly higher than the 6.8-percent increase... read more

 Shanghai Daily48 days ago
China Resources Beer eyes Heineken China deal

China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth over US$1 billion, as the country’s largest brewer seeks new growth from premium... read more

 Shanghai Daily48 days ago
Women becoming more visible at helm of A-share firms

Women are having more say in China’s business world as females at helm of A-share listed firms have become more visible.... read more

 Shanghai Daily48 days ago
Chinese retailers push promotions on Women’s Day

Chinese retailers were cashing in on International Women’s Day, offering discounts on sportswear, cosmetics and health care to get women to spend more, dubbing the day “Queens’ Day” and “Goddesses’ Da... read more

 Shanghai Daily48 days ago
IMF head says nobody wins a trade war

The head of the International Monetary Fund warned yesterday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth.... read more

 Shanghai Daily49 days ago
Midea goes big on AI

Electronics giant Midea Group aims to develop artificial intelligence and industrial Internet with Kuka robots and intelligent devices, the Shenzhen-listed firm said yesterday in Shanghai.... read more

 Shanghai Daily49 days ago
Battery JV created

German auto-parts supplier Continental and Chinese battery manufacturer Sichuan Chengfei Integration Technology Co agreed in Shanghai yesterday to form a joint venture to develop and produce battery s... read more

 Shanghai Daily49 days ago
Supervision over insurers to tighten

China’s insurance watchdog will enhance its supervision of the equity structure of insurers by tightening criteria on market entry for investors as well as monitoring shareholders’ behavior and scrutinizing... read more

 Shanghai Daily49 days ago
Shanghai sees merchandise sales to rise 8%

SHANGHAI’S merchandise sales are set to grow 8 percent this year, with retail sales to rise 8 percent and e-commerce to jump 20 percent, the Shanghai Commission of Commerce said yesterday. The city set... read more

 Shanghai Daily49 days ago
China leads in protest over Trump tariffs

China led a group of 18 World Trade Organization members yesterday that urged US President Donald Trump to scrap his planned tariffs on steel and aluminium.... read more

 Shanghai Daily49 days ago
Lego’s 2017 sales fall for 1st time since 2004

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 Shanghai Daily50 days ago
ICBC lists 2 bonds on Nasdaq Dubai

THE Industrial and Commercial Bank of China became the biggest bond issuer on Nasdaq Dubai after listing two new bonds yesterday, Dubai International Financial Center said. The two fixed income securities,... read more

 Shanghai Daily50 days ago
B&R bonds issued to finance initiative

Companies now have a new channel to finance their Belt and Road projects as China has introduced Belt and Road bonds to fund the massive initiative.... read more

 Shanghai Daily50 days ago
Shares rise on NDRC’s remarks

SHANGHAI stocks closed up yesterday as investors believe China’s GDP growth target will be met, and the country will continue to lure foreign investment. The Shanghai Composite Index rose 1 percent to... read more

 Shanghai Daily50 days ago
China seen to power growth in oil demand

The chief of the International Energy Agency said on Monday that China will continue to be a main driving force for the growth of global oil demand. Fatih Birol, executive director of IEA, said in a... read more

 Shanghai Daily50 days ago
WeChat passes 1b accounts mark

China’s ubiquitous WeChat social media platform has crossed the 1 billion accounts mark as its messaging, game and shopping services attract more and more users. The symbolic threshold was announced... read more

 Shanghai Daily50 days ago
Dutch company’s ambitions for high hopes with flying car

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 Shanghai Daily50 days ago
Factory goods orders see biggest fall in 6 months

New orders for US-made goods recorded their biggest decline in six months in January and business spending on equipment appeared to be slowing after strong growth in 2017. Factory goods orders dropped... read more

 Shanghai Daily50 days ago
Kobe Steel CEO to quit over data fraud scandal

Kobe Steel said yesterday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over a corporate culture mired in malfeasance and the possibility of... read more

 Shanghai Daily50 days ago
Private sector plays vital role in economy

CHINA’S private sector has made a key contribution to economic growth, the head of the country’s industry and commerce federation said yesterday. The sector now contributes to over 60 percent of China’s... read more

 Shanghai Daily50 days ago
City’s telecom firms will reduce charges

SHANGHAI telecom firms announced plans yesterday to upgrade packages to cut roaming data traffic charges and to drop rates for data consumption and broadband services to boost digital economy development. The... read more

 Shanghai Daily50 days ago
Surge in mobile payments

Chinese banks saw a surge in mobile payments last year, official data showed yesterday.... read more

 Shanghai Daily51 days ago
Time to use cellular services

APPLE Watch users in the Chinese mainland will be able to enjoy cellular services from today, according to a China Unicom source. Apple and its partner China Unicom will debut the new eSIM service tomorrow,... read more

 Shanghai Daily51 days ago
Recovery in housing stirs hopes

HOME buyers and real estate developers’ hopes were raised last week following a recovery in the market after the Spring Festival holiday. The area of new homes sold, excluding government-subsidized affordable... read more

 Shanghai Daily51 days ago
China wants tech firms to float at home

CHINA aims to get its home-grown, overseas-listed companies to float on the domestic exchanges through the depositary receipts route, people with knowledge of the matter said, in a plan that would pit... read more

 Shanghai Daily51 days ago
Caixin service PMI eases but still ends up positive

China’s services activity eased in February amid cooling demand but an index measuring the activity level still ended in positive territory, according to a private report yesterday.... read more

 Shanghai Daily51 days ago
Venture to build hydrogen stations

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 Shanghai Daily51 days ago
Shanghai issues first road testing licenses to smart car makers

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 Shanghai Daily55 days ago
Over 4,000 firms attend trade fair

THE 28th East China Fair, the largest regional trade fair in China, opened in Shanghai yesterday. Nearly 4,000 Chinese companies and more than 460 overseas businesses are taking part in the four-day... read more

 Shanghai Daily55 days ago
Shares end higher on Caixin PMI

CHINESE stocks rebounded from earlier losses as consumer and banking firms rose, after a private survey showed the country’s factory growth rose to the highest level in six months in February. The benchmark... read more

 Shanghai Daily55 days ago
New home buying sentiment hits a low

NEW home buying sentiment dipped to its lowest level in Shanghai in six years as the weeklong Spring Festival holiday kept most buyers sitting on the sidelines. The area of new residential properties... read more

 Shanghai Daily55 days ago
Qing Dynasty bowl set for record price

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 Shanghai Daily55 days ago
Chinese executives upbeat on growth

More executives of Chinese firms believe global economic growth will improve in 2018, according to a report released by PwC yesterday.... read more

 Shanghai Daily55 days ago
Overseas tourists favor mobile payment

Chinese tourists are using mobile payment overseas far more frequently than foreign counterparts, according to a survey, which added that more than 90 percent of Chinese tourists would use mobile payment... read more

 Shanghai Daily55 days ago
Caixin PMI moves up in February

CHINA’S manufacturing sector rose modestly in February to a nine-month high, bolstered by firmer client demand and increasing prices, according to a private survey released by Caixin yesterday. The Caixin... read more

 Shanghai Daily55 days ago
Used phone market booms but far from green

THANKS to a fast-growing secondhand market, smartphones are increasingly being re-used but large-scale handset recycling is not happening as the industry struggles to go green. Thrown in the thrash or... read more

 Shanghai Daily56 days ago
HK property transaction up 171%

REAL estate investment in Asia Pacific rose 16 percent to a record US$52 billion in the last quarter of 2017, with China’s Hong Kong, Australia and Japan remaining favorite markets among investors, according... read more

 Shanghai Daily56 days ago
HK$50b budgeted for long-term tech push

Hong Kong rolled out tax cuts, relief measures and capital spending in an expansionary budget yesterday, after the city racked up a hefty budget surplus, targeting investments in high-technology industries... read more

 Shanghai Daily56 days ago
Rebound in China sales for L’Oreal

Beauty and cosmetics giant L’Oreal said its China sales rebounded from mild growth in previous years, registering double-digit growth in 2017 thanks to strong momentum in its luxury beauty brands.... read more

 Shanghai Daily56 days ago
Chinese oil executives stay upbeat

MORE than two thirds of Chinese oil and gas executives expect profit growth in the industry this year, bolstered by efficient cost management although crude prices remain low, according to DNV GL, a Norway-based... read more

 Shanghai Daily56 days ago
Investment in fintech hits record

Global investment in financial technology ventures reached another all-time high in 2017, buoyed by a surge in funding for startups in the United States, United Kingdom and India, according to a report... read more

 Shanghai Daily56 days ago
Securitization deals ‘rise in Q4 of 2017’

Moody’s Investors Service said yesterday that the issuance of Chinese securitization transactions for all asset classes rose in the 4th quarter of 2017 from a year ago, both in terms of number of deals... read more

 Shanghai Daily56 days ago
Lunar New Year leads to manufacturing slowdown

China’s manufacturing activity retreated in February with the biggest monthly fall since May 2012, the National Bureau of Statistics said on Wednesday. The official manufacturing Purchasing Managers’... read more

 Shanghai Daily56 days ago
Now, live calligraphy by robot

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 Shanghai Daily56 days ago
Best of businesswomen

Sun Yafang, chairwoman of tech giant Huawei, topped Forbes China’s list of 100 outstanding businesswomen whose firms have created a total market capitalization of more than 7 trillion yuan (US$1.1 tri... read more

 Shanghai Daily56 days ago
Chinese top list of billionaires with total net worth US$2.5t

THE number of Chinese billionaires pulling away from the United States is growing every year with as many as 819 billionaires from China, compared with 571 from the US, the Hurun Rich List showed yesterday. A... read more

 Shanghai Daily56 days ago