EconomyLoop
where regional business news becomes global to everyone

Central bank drains 40b yuan from market via reverse repos

China's central bank refrained from injecting cash into the market, making a net cash withdrawal via open market operations for the third consecutive day on Wednesday.... read more

 China Daily3 hours ago

     
Uber's business continues to grow amid recent turmoil

US car hailing giant Uber reported on Wednesday that its gross bookings rose 17 percent to $8.7 billion in the second quarter, as the company was still under the shadow of series of scandals earlier this year.... read more

 China Daily3 hours ago
World Bank finances China's farmland pollution control

The World Bank is to lend $100 million to a program to reduce heavy metal pollution in China's largest rice-producing province.... read more

 China Daily3 hours ago
Ford to establish new company with China's Zotye to build electric vehicles

Ford Motor on Aug 22 said in a statement that it had signed a memorandum of understanding with China's Zotye Auto to establish a new joint venture for the development, manufacture, sales, and service of electric vehicles.... read more

 China Daily3 hours ago
China on rapid progress of robotization: study

China bought 90,000 robots in 2016, accounting for almost a third of the global total, and the robot revolution may raise China's economic competitiveness.... read more

 China Daily4 hours ago
Chinese listed companies report strong profits in H1

Over 70 percent of Chinese listed companies reported strong profits for the first half of the year.... read more

 China Daily4 hours ago
China softens restrictions on unregistered businesses

China on Wednesday unveiled a new regulation on unlicensed businesses in a move to ease restrictions and encourage entrepreneurship and innovation.... read more

 China Daily4 hours ago
China on rapid progress of robotization: study

China bought 90,000 robots in 2016, accounting for almost a third of the global total, and the robot revolution may raise China's economic competitiveness, according to a report released this week by Bloomberg Intelligence.... read more

 China Org4 hours ago
China starts building Internet security institute

Construction started on an Internet security training institute in central China's Hubei Province Wednesday.... read more

 China Org5 hours ago
China steps up deleveraging at central SOEs

China will further reduce leverage at central State-owned enterprises by establishing multiple channels to reduce corporate debts, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.... read more

 China Org5 hours ago
US sanctions seen as 'wrong behavior'

US sanctions imposed this week go against mutual trust and bilateral cooperation, China said on Wednesday, asking the United States to stop its "wrong behavior" immediately.... read more

 China Org5 hours ago
Approval of Unicom share sale touches rule revision

China's top securities regulator should review and reassess the current rules on private share sales by listed companies to ensure market fair play.... read more

 China Daily5 hours ago
Spacety joins race for an out of this world experience

Spacety Co Ltd will use most of them to supply data to research institutions and other business customers.... read more

 China Daily5 hours ago
Commercial sector faces slow burn

China's commercial space sector will eventually take off after a few bumpy launches.... read more

 China Daily5 hours ago
Metal futures slide on new push

Iron ore and steel products futures in China saw a big slump on Wednesday, due to regulators' determination to curb rising prices.... read more

 China Daily5 hours ago
Great Wall Motor pours cold water on deal with Fiat

Great Wall Motor Co has discounted reports of an impending deal with Fiat Chrysler Automobiles NV, saying there are no talks and it may not pursue a takeover of the Italian-American car manufacturer's Jeep division.... read more

 China Daily6 hours ago
Top 10 best cities for startups in China

Beijing is the most startup friendly city in China, according to latest ranking.... read more

 China Daily6 hours ago
Newfound profits to cut debt of SOEs

China will further reduce leverage at central State-owned enterprises by establishing multiple channels to reduce corporate debts.... read more

 China Daily6 hours ago
Siasun eyes overseas targets

Siasun Robot & Automation Co will step up efforts to acquire foreign companies, as it strives to become a global robot heavyweight in 2020.... read more

 China Daily6 hours ago
Microsoft says new chatbot is a 'friend'

Microsoft Corp has unveiled its latest generation of smart chatbot as part of its broader push to tap into internet of things opportunities in China.... read more

 China Daily6 hours ago
Excavator sales set to jump in 2017

Chinese excavator manufacturers are expected to see a 50 percent year-on-year jump in sales to 120,000 units by 2017, despite the low stocks available due to the quiet market in the past five years.... read more

 China Daily6 hours ago
Close links mean little chance of major trade war, says leading expert

The possibility of China and the US engaging in a major trade war is low given their close economic links, said a former central bank adviser.... read more

 China Daily6 hours ago
Wanda pulls out of London deal

Dalian Wanda has pulled out of plans to buy part of the Nine Elms Square site in central London, which comes hot on the heels of the Chinese government's latest rules on investment in overseas deals.... read more

 China Daily6 hours ago
Big retail should be enhanced by social media opportunities

Social media is set to become a major gateway to shopping rather than a mere communication portal, as the younger generation of buyers are inclined to make purchases while watching livestreaming shows.... read more

 China Daily6 hours ago
To boldly go where no startup has gone before

Space is the final frontier for private firms as they muscle into an area dominated by State-owned companies.... read more

 China Daily6 hours ago
Effort to marry robotics, AI will ramp up to aid manufacturing

China will ramp up efforts to integrate artificial intelligence technologies into robots as the country aims to gain a lead in the race toward a smarter, automated society and accelerate the use of industrial and service robots.... read more

 China Daily7 hours ago
Shares edge lower

SHANGHAI stocks dipped yesterday, led by decline of steel and energy companies. The Shanghai Composite Index shed 0.08 percent to close at 3,287.70 points. Iron and steel companies, non-ferrous metal... read more

 Shanghai Daily14 hours ago
BRICS an outstanding force in governance

... read more

 Shanghai Daily14 hours ago
Chinese listed firms post strong net profits in H1

OVER 70 percent of Chinese listed companies reported strong profits for the first half of the year. As of Monday, 1,004 Chinese listed companies had disclosed their first-half reports with total net profit... read more

 Shanghai Daily14 hours ago
VIPKID raises US$200m

VIPKID said yesterday it raised US$200 million from investors including Sequoia Capital and Tencent Inc — the biggest investment in the student’s online education industry so far. The firm will use the... read more

 Shanghai Daily14 hours ago
Beef imports surge in July

BEEF imports to Shanghai in July were the strongest, led by shipments from Australia and the United States, Shanghai Customs said yesterday. Beef imports surged 30 percent month on month to a record of... read more

 Shanghai Daily14 hours ago
IPR issues to be traded

More than 200 domestic and foreign intellectual property issues are expected to be traded at the annual Culture Licensing Fair of the Shanghai Pilot Free Trade Zone next month.... read more

 Shanghai Daily14 hours ago
Boost to green protection

CHINA expects the output of equipment used to protect the environment to total 1 trillion yuan (US$150 billion) by 2020, the Ministry of Industry and Information Technology said yesterday. Companies with... read more

 Shanghai Daily14 hours ago
Banks in UK to close record 762 branches in 2017

BANKS in Britain are set to close a record 762 branches this year, depriving more customers of access to in-person financial services as lenders cut costs by pushing business online. The number of branches... read more

 Shanghai Daily14 hours ago
Deleveraging set as high priority in central SOEs

CHINA will channel more energy into deleveraging in state-owned enterprises administered by the central government amid improving corporate performance. A State Council meeting presided over by Premier... read more

 Shanghai Daily14 hours ago
Repatriation of gold reserves

... read more

 Shanghai Daily14 hours ago
Wal-Mart China to expand in Jiangsu

WAL-MART China said yesterday it will open at least five new Sam's Club stores in Jiangsu Province and to increase investment in the next three years to tap the growing local economy. The Wal-Mart US... read more

 Shanghai Daily14 hours ago
Internet firms aim to drive O2O business

INTERNET companies are looking at new ways for offline merchants to tap China's smartphone users as a key part of their strategy to drive the online-to-offline business. WeChat launched Mini Apps earlier... read more

 Shanghai Daily14 hours ago
US malls eye replacements for department stores

AS the retail industry churns in the Amazon era, American shopping malls are turning to a new generation of stores, food and entertainment offerings to make up for an exodus of department stores. Prime... read more

 Shanghai Daily14 hours ago
Wal-Mart and Google tie up to battle Amazon

... read more

 Shanghai Daily14 hours ago
Beijing aims high in robotics

Beijing plans to develop into a global center for robotics by 2025 and has issued an industry blueprint at the ongoing World Robot Conference.... read more

 China Daily20 hours ago
Over 70 percent of Chinese consumers aware of sustainable consumption

More than 70 percent of Chinese consumers understood sustainable consumption, according to a report released by the China Chain Store and Franchise Association.... read more

 China Daily20 hours ago
Social media set to become main shopping channel

Social media is set to become a major gateway to shopping rather than a mere communications portal.... read more

 China Daily20 hours ago
English education startup VIPKID raises $200m

Online children English education startup VIPKID announced on Wednesday that it has finished the D round of financing and received an investment totaled totaling $200 million.... read more

 China Daily20 hours ago
Russian underwater performers' Chinese dream

Five Russian underwater performers realized their dream of performing underwater ballet in China at Zuohai Underwater World in Fuzhou, East China's Fujian province.... read more

 China Daily22 hours ago
Wanda pulls out of London project

Chinese conglomerate Dalian Wanda has pulled out of plans to buy part of the Nine Elms Square site in central London.... read more

 China DailyYesterday
Thai cabinet approves design contract of Thailand-China railway project

Thai cabinet on Tuesday approved the draft design contract of the Thailand-China railway project to pave the way for the signing early next month.... read more

 China DailyYesterday
Chinese firm to deliver Nigeria's metro rail by December

The China Civil Engineering Construction Corporation said the phase one of a rail transit project in Nigeria's Abuja will be commissioned by December.... read more

 China DailyYesterday
Chinese carmaker to build monorail in Philippines

China's leading new-energy carmaker BYD announced that it will build a monorail transit system in the Philippines.... read more

 China DailyYesterday
Supply-side reform invigorates old SOEs

Supply-side reform has been reinvigorating state-owned enterprises across the nation, but it is not all plain sailing.... read more

 China DailyYesterday