EconomyLoop
where regional business news becomes global to everyone

6.9% GDP increase beats forecasts

CHINA'S economy expanded by a more-than-expected 6.9 percent last year, amid the deepening of supply-side reforms, the National Bureau of Statistics said yesterday. The annual growth of GDP was above... read more

 Shanghai Daily2 days ago

     
Cross-border capital flow seen balanced

China saw more balanced cross-border capital flow in 2017 as willingness to purchase the greenback waned thanks to rising confidence in the yuan and the domestic economy. Chinese banks’ net forex settlement... read more

 Shanghai Daily2 days ago
Sony bullish over business in China

Sony Corp expects its business in China to grow strongly this year amid a market of 230 million middle-class consumers who are upgrading their consumption patterns, the company’s China president said... read more

 Shanghai Daily2 days ago
PPDai to invest in research institute

PPDai, China’s first online P2P (peer-to-peer) lending platform listed in the US market, said yesterday that it will invest 1 billion yuan (US$156 million) within three years to set up... read more

 Shanghai Daily2 days ago
HNA chairman confident group will turn corner

HNA Group Chairman Chen Feng has expressed confidence that China’s aviation-to-financial service conglomerate will manage its cash crunch, and continue to receive support from banks and other financial... read more

 Shanghai Daily2 days ago
Emirates throws A380 a lifeline

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 Shanghai Daily2 days ago
Stable home markets in 15 major cities indicate policy effectiveness

Housing markets in China’s 15 major cities were generally stable for another month in December as differentiated rein-in policies to curb speculation continued to take effect, data released yesterday by... read more

 Shanghai Daily2 days ago
China cuts US debt holdings

China cuts its holdings of US Treasury securities in November, after adding US$8.4 billion in October.... read more

 Shanghai Daily2 days ago
Shanghai shares hit 2-year high, HK at new record

Shanghai shares rose to a two-year high yesterday when Hong Kong stocks climbed to a fresh record as investors tracked another milestone on Wall Street, but Asia-wide markets struggled to keep up the recent... read more

 Shanghai Daily2 days ago
Economy set for ‘stable growth’ this year

CHINA’S economy is likely to experience stable growth this year, although continuing deleveraging efforts, regulatory tightening and subsequent liquidity concerns are the key challenges, says investment... read more

 Shanghai Daily2 days ago
More money in people’s pockets

China’s per capita disposable income stood at 25,974 yuan (US$4,033) in 2017, up 7.3 percent year-on-year in real terms, official data showed yesterday. The increase was 1 percentage point faster than... read more

 Shanghai Daily2 days ago
6.9 percent GDP rise beats forecasts

China’s economy expanded by a more-than-expected 6.9 percent last year, amid the deepening of supply-side reforms, the National Bureau of Statistics said yesterday.... read more

 Shanghai Daily2 days ago
In pursuit of blue sky, carbon trading looms

China, the world’s largest emitter of greenhouse gases, wants to shed that unwelcome status by becoming the world’s largest market in carbon trading.... read more

 Shanghai Daily3 days ago
Shanghai stocks hit new high as HK breaks record

HONG Kong stocks hit an all-time high yesterday, breaking a record that had been in place for more than 10 years, while the Shanghai Composite Index ended higher for a second day, refreshing a two-month... read more

 Shanghai Daily3 days ago
Wall Street on a roll since Trump elected president

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever.... read more

 Shanghai Daily3 days ago
Luxury market to continue growth

China’s luxury market is expected to grow by low double digits in 2018 after posting the highest expansion in the past five years in 2017, with market momentum still vibrant.... read more

 Shanghai Daily3 days ago
Volkswagen sells record 10.7m vehicles

Volkswagen said yesterday that it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emission scandal.... read more

 Shanghai Daily3 days ago
Foreign banks see assets gain 13% in 2017

The assets of foreign banks in Shanghai saw year-on-year growth of 13 percent in 2017, while their bad-loan ratio stood below the industry’s average, the banking regulator said yesterday.... read more

 Shanghai Daily3 days ago
Saturation hits mobile phone sales

China’s mobile phone sales fell 27.1 percent last year as the market became saturated after several years of rapid growth.... read more

 Shanghai Daily3 days ago
Petrochemical sector gushes in profit

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 Shanghai Daily3 days ago
Smartphones get all-clear for take-off in China

China Eastern and Hainan airlines will allow passengers to use their smartphones on planes from today — but not to make actual phone calls. The two airlines announced the move yesterday after the industry... read more

 Shanghai Daily3 days ago
Regulators cast shadow over dubious loans

CHINA’S economy has steadily become more debt-ridden. Governments, households, companies and institutions borrow money to make more money, but concern is mounting that it all may be at a tipping point. The... read more

 Shanghai Daily4 days ago
Reforms over who can build homes

China will work on plans to allow non-real estate companies to build residential properties on land parcels to which they have acquired rights of use.... read more

 Shanghai Daily4 days ago
Yunnan Capital secures funds to repay trust loans

A state-owned investment company in Yunnan that defaulted last month on two trust loans has secured financing to repay those loans and is set to get 2 billion yuan (US$311 million) in additional equity... read more

 Shanghai Daily4 days ago
GAC to scrap name sounding like Trump for US market

Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the US market next year because it could be confused with US President Donald Trump’s surname.... read more

 Shanghai Daily4 days ago
Realty, brewer shares boost key index

Real estate companies and brewers boosted Shanghai shares yesterday as investors were buoyed by... read more

 Shanghai Daily4 days ago
HKEx ponders rule change

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 Shanghai Daily4 days ago
ODI falls but rational sentiment wins

China’s non-financial outbound direct investment dropped nearly 30 percent in 2017 from a year ago but the decline signaled a... read more

 Shanghai Daily4 days ago
Political pressure hits AT&T-Huawei deal

US lawmakers are urging AT&T, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei and oppose plans by telecom operator China Mobile to enter the US market over so-called national... read more

 Shanghai Daily4 days ago
Shenzhen to abolish border around SEZ

SHENZHEN will remove the barrier that was set up more than three decades ago to mark the boundary of the Shenzhen Special Economic Zone. The State Council has approved the removal of the barbed wire... read more

 Shanghai Daily4 days ago
Germany adds yuan to reserves

Germany’s central bank has said it will include the Chinese yuan in its reserves, giving another boost to China’s drive to internationalize the currency.... read more

 Shanghai Daily4 days ago
Tencent, Lego eye kids’ social network

TENCENT and Denmark’s Lego Group yesterday announced a strategic partnership that aims to create an online digital ecosystem for children in China. The collaboration includes developing a Lego video... read more

 Shanghai Daily5 days ago
Airbus may end A380 output as no new orders in 2 years

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 Shanghai Daily5 days ago
HNA faces woes as airlines delay leasing payments

Some airlines affiliated with China’s HNA Group are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financier of the group, has formed a team to handle... read more

 Shanghai Daily5 days ago
Bigger pay raise in forecast

Average salaries for professionals in Shanghai are set to rise between 5 and 8 percent this year as the digital transformation deepens amid China’s stable economic growth, recruitment agency Morgan McKinley... read more

 Shanghai Daily5 days ago
Central SOEs post rosy picture

China’s centrally administered state-owned enterprises yesterday reported double-digit growth in business revenues and profits last year. The SOEs supervised by the State-owned Assets Supervision and... read more

 Shanghai Daily5 days ago
Suburbs drive rally in new home sales

NEW home sales rebounded moderately in Shanghai last week, with suburban areas remaining the major driving force due to ample supply, market data showed yesterday. The area of new homes sold, excluding... read more

 Shanghai Daily5 days ago
UK contractor Carillion collapses, putting thousands of jobs at risk

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 Shanghai Daily5 days ago
Shanghai port sees profit rise

SHANGHAI International Port yesterday reported rapid growth in net profit last year as trade pushed up shipping demand. In an unaudited report filed with the Shanghai Stock Exchange, the company said... read more

 Shanghai Daily6 days ago
China to enhance scrutiny on banks

CHINA will step up oversight in the banking sector this year to reduce financial risks, the banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The... read more

 Shanghai Daily6 days ago
Warning about risks from IMOs

A Chinese industry association has cautioned against risks from the so-called “initial miner offerings,” saying they are disguised digital coin fundraising that has been completely halted in the count... read more

 Shanghai Daily6 days ago
Pickups and SUVs set to grow in US car market

The Detroit Auto Show opened yesterday, with pickup trucks and SUVs expected to take center stage in a sign of their growing might in the US car market.... read more

 Shanghai Daily6 days ago
China FTZs ease rules for foreign firms

A Sino-British joint venture will soon begin outbound tourism business for Chinese tourists in the Shanghai free trade zone.... read more

 Shanghai Daily6 days ago
Great expectations in uncertain times

This year, China marks the 40th anniversary of economic reforms that opened the country to foreign investment.... read more

 Shanghai Daily6 days ago
Whither the yuan? Subdued but solid

The yuan had a stellar 2017, with expectations that this year may be solid if a bit quieter for the currency.... read more

 Shanghai Daily6 days ago
Hang on for the digital ride of our lives

Technology has wrought so many stunning achievements turning science fiction into reality that we can only wonder with anticipated awe what could possibly be next.... read more

 Shanghai Daily6 days ago
Bidding farewell to the heyday of whopping returns, rampant risks

Liu Xin, an individual investor, has been twice lucky in putting money into wealth management products recommended by his banker.... read more

 Shanghai Daily6 days ago
HK stocks extend record run

Hong Kong stocks extended their record run into a 13th day yesterday, helped by inflows of cash from mainland traders, while Shanghai clocked up a 10th day of gains.... read more

 Shanghai Daily9 days ago
Shanghai shares rise for 10th day

CHINA’S benchmark Shanghai Composite Index rose for a 10th straight trading day yesterday to the highest level since November 22, 2017. Although the index mostly fluctuated under the previous closing,... read more

 Shanghai Daily9 days ago
SK eyes ban on cryptocurrency trading

SOUTH Korea’s government said yesterday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities... read more

 Shanghai Daily9 days ago