 EconomyLoop where regional business news becomes global to everyone  | ||
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| Prognosis for pharma: healthy times ahead Multinational drug companies are applauding China’s efforts to open its market wider and embrace global health-care standards.... read more
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| Fast growth seen in service imports CHINA has seen fast growth in service imports since it joined the World Trade Organization in 2001, according to a report released by China’s Ministry of Commerce at the China International Import Expo... read more
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| CR929 prototype debuts at show A PROTOTYPE of CR929, the first long-haul jet jointly developed by China and Russia, was unveiled in Zhuhai, south China’s Guangdong Province, yesterday.... read more
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| Model of Tianhe’s module unveiled A FULL-SIZE model of the core module of China’s space station Tianhe made its debut at the China International Aviation and Aerospace Exhibition in Zhuhai, south China’s Guangdong Province, yesterday.... read more
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| Economic challenges call for new tactics GLOBAL trade should stay on course for further opening up while international trade organizations will need to adopt new formats to deal with the changing situation, especially challenges of rising protectionism... read more
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| Science-tech board for SSE to be launched CHINESE President Xi Jinping yesterday announced the setting up of a new board on the Shanghai Stock Exchange for science and technology innovation. The board will support the city’s development as an... read more
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| Steady growth on economy into 2018 China’s manufacturing activity edged down in December, official data showed yesterday, but largely maintained momentum despite curbs on heavy industry aimed at taming the country’s chronic air polluti... read more
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| PBOC: Financial system strong China’s financial system shows resilience and stability amid mounting external uncertainties, as the country moves to resolve systemic risks, the central bank said in a report. The country’s economic... read more
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| Good growth in business for culture sector The country’s culture sector and related businesses maintained rapid growth in the first nine months of this year, according to the National Bureau of Statistics.... read more
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| Import Expo FAQs ... read more
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| A milestone in China’s reform ... read more
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| Expo’s giant innovative leap for mankind ... read more
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| Financial industry set to benefit as door to market opens wider ... read more
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| Baidu, FAW team up on driverless car strategy Chinese search engine giant Baidu unveiled a partnership with state-owned automaker FAW Group Corp to produce L4 level autonomous driving passenger vehicles using Baidu’s Apollo artificial intelligence... read more
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| City pushing future of smart vehicles SHANGHAI will further promote the development of the automotive electronics sector, a top Shanghai Commission of Economy and Informatization official said during an automotive forum in the city yesterday. Commission... read more
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| New home sales in retreat, but prices gain SHANGHAI’S new home market continued a notable retreat in sales last month despite an increase in new supply, the latest industry data showed. The area of new residential properties sold, excluding government-subsidized... read more
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| World Bank praises Shanghai’s business reforms, opening-up THE World Bank has given a strong thumbs-up on Shanghai’s progress in cutting red tape and introducing reforms to improve the business environment over the past year. The findings in the bank’s latest... read more
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| BoE cuts growth outlook over Brexit The Bank of England yesterday trimmed its growth forecasts as Brexit approaches and froze interest rates — but warned it could alter monetary policy “in either direction” after Britain leaves the European... read more
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| Manufacturing data nudges stocks higher Shanghai stocks eked out small gains yesterday, lifted by data showing modest manufacturing expansion.... read more
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| New Airbus seats made in China Airbus has delivered China Express with an A320 airplane, the first Airbus passenger plane equipped with seats manufactured by a Chinese company, Airbus China said yesterday.... read more
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| Polysilicon dumping penalties end today China will remove anti-dumping and countervailing measures on solar-grade polysilicon imports from the EU from today, the Ministry of Commerce announced yesterday.... read more
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| Unemployment rate continues falling China’s job market remained stable in the first three quarters of this year as the urban unemployment rate continued to drop, with emerging industries as the biggest employer, official data showed.... read more
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| BoJ cuts inflation forecast again, 2% target remains out of reach Japan’s central bank revised down inflation forecasts again yesterday, in the latest sign it has failed to make headway toward its 2 percent target despite years of massive monetary easing.... read more
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| Global insurance M&A bounces back Global insurance mergers and acquisitions rose to 37 billion euros (US$41.9 billion) in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial... read more
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| Self-driving cars to take to public roads Ford Motor Co and Baidu Inc launched a two-year project yesterday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and Internet firms to develop autonomous vehicle techn... read more
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| Early investors celebrate as bitcoin turns 10 Seven years ago, Marshall Hayner gave his grandfather 1 bitcoin, worth about US$30.... read more
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| Shanghai shares rise on profits, jobs figures SHANGHAI stocks closed higher yesterday, lifted by positive economic data and better-than-expected third-quarter earnings reports by listed companies. The Shanghai Composite Index rose 1.35 percent to... read more
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| Manufacturing grows but at a slower pace CHINA’S manufacturing sector continued to expand at a slower but more sustainable pace in October, despite external uncertainties. The country’s Manufacturing Purchasing Managers’ Index came in at 50.2... read more
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| Artificial intelligenceassists drug research Artificial intelligence is playing a key role in new drug development and smart medical treatment by capturing, analyzing and activating data.... read more
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| Stocks up as regulator moves to aid market SHANGHAI stocks closed up yesterday with market sentiment buoyed by an announcement by China’s securities regulator that it would guide more medium- and long-term capital into the market. The Shanghai... read more
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| Eurozone growth falls, Italy woes weigh Growth in the eurozone slowed significantly in the third quarter, official data showed yesterday, as Italy’s economic troubles weighed and car production in Germany was disrupted.... read more
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| Visiting Australia? Didi now there, too Didi said it plans to offer a roaming service from next month so that Chinese visitors can enjoy ride-sharing services while traveling in Australia.... read more
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| China eyes more cuts to company tax, fees The Chinese government is expected to step up tax and fee reductions for enterprises as part of efforts to bring down the burden on the real economy, according to China Securities Journal.... read more
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| China’s Cousteau? Watch this visionary! Commercial drones have shown that the sky is no longer the limit.... read more
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| Improvement in ‘speed, safety, comfort, intelligence’ of mobility German-based global leading automotive supplier Continental is a major player in the industry that has benefited from China’s reform and opening-up policies, now in their 40th year.... read more
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| Shares slide as growth in industrial profits falls SHANGHAI stocks fell yesterday after data showed industrial profit growth slowed in September from August. The Shanghai Composite index lost 2.18 percent to close at 2,542.10 points. Coal and consumer... read more
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| Manufacturers almost 50% of all stocks Chinese public manufacturing companies accounted for nearly half the country’s stock market capitalization by end-June thanks to government emphasis on innovation-driven development and the real econo... read more
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| Dumping penalties on chemicals China’s Ministry of Commerce said yesterday it will impose anti-dumping duties on ethanolamines imported from the United States, Saudi Arabia, Malaysia, and Thailand.... read more
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| City’s new home prices hit record high Shanghai new home prices hit a record high last week as market sentiment remains strong and with robust growth in the supply of medium- and high-end homes. The average cost of a new home jumped 11.1... read more
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| Increasingly open China now tops the world as destination for FDI Instead of retreating from China, foreign companies are reinvesting for the new opportunities to emerge from its further opening-up.... read more
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| City is a beacon for foreign investment SHANGHAI announced a batch of foreign investments totaling 23.4 billion yuan (US$3.36 billion) on Saturday, a reflection of foreign investors’ confidence in the city and its lasting attraction for foreign... read more
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| Listed companies highlight China’s strong economy Most companies listed on China’s A-share market reported higher net profits in the first three quarters of 2018, demonstrating the strength of the Chinese economy.... read more
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| Manufacturing Jan-Sept profits, growth sound China’s manufacturing sector registered sound growth in the first nine months of this year, with higher profits for enterprises.... read more
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| ABB in US$150m robotics expansion Shanghai’s government has signed an agreement for comprehensive and in-depth strategic cooperation with ABB, the world’s leading maker of robotics, in the fields of industry, energy, transport and inf... read more
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| Celebrating 5 years of win-win-win-win-win ... read more
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| Imposing rule of law on financial practices ... read more
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| Jinqiao, more than just business-friendly ... read more
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| Expo 2010 still a jewel in Shanghai’s crown ... read more
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| Establishing an Asian medical hub and advancing the Shanghai Brand in the new era ... read more
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| Eminent minds give city advice ... read more
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