Macro Economy

Canada Aims to Double the Number of Chinese Tourists, Minister Says

Canada Aims to Double the Number of Chinese Tourists, Minister Says

China has become the largest tourism source market after the US for Canada, which shows the success of eased visa…

Jun 28, 2018
Feng Difan
China's Raw Material Firms Drove Five-Month Profit Growth; Deleveraging Continues

China's Raw Material Firms Drove Five-Month Profit Growth; Deleveraging Continues

The profits of China's industrial firms grew in the first five months this year while rallying on a strong demand…

Jun 28, 2018
Zhu Yanran
Offshore Yuan Slides to Six-Month Low on PBOC's Midpoint Rate, Strong US Dollar

Offshore Yuan Slides to Six-Month Low on PBOC's Midpoint Rate, Strong US Dollar

The Chinese yuan has continued weakening against the US dollar, while dropping to a new low since last December, caused by the central bank's deflated midpoint rate and the strong greenback.

Jun 27, 2018
Liao Shumin
Asian Infrastructure Investment Bank Welcomes Lebanon as the 87th to Join

Asian Infrastructure Investment Bank Welcomes Lebanon as the 87th to Join

The Middle Eastern country of Lebanon got the green light to join the member countries of the Asian Infrastructure Investment Bank.

Jun 27, 2018
Liao Shumin
EU Firms Admit China Is on par With Them in Innovation, a Survey Says

EU Firms Admit China Is on par With Them in Innovation, a Survey Says

Most European firms operating in China think that their local counterparts are on the same level or even better in…

Jun 26, 2018
Xu Wei
July Looks Uncertain for Steelmakers as Inventories Rise, Insiders Say

July Looks Uncertain for Steelmakers as Inventories Rise, Insiders Say

July Looks Uncertain for Steelmakers as Inventories Rise, Insiders Say

Jun 25, 2018
Shifeng Wang
China Aims to Grow High-Speed Rail Network by One-Fifth by 2020

China Aims to Grow High-Speed Rail Network by One-Fifth by 2020

China’s transport ministry aims to expand its high-speed railway network by one-fifth to 30,000 kilometers by 2020, up from 25,000 km as of the turn of the year.

Jun 25, 2018
Xu Wei
AI Business Ecosystem Takes Shape in Guangzhou After 37 Chinese Firms Join Its AI Institute

AI Business Ecosystem Takes Shape in Guangzhou After 37 Chinese Firms Join Its AI Institute

The Guangzhou International Artificial Intelligence Conference convened in the southeastern Chinese city’s Nansha district on June 23 and 24, and…

Jun 25, 2018
Xu Wei
China-Germany Smart Manufacturing Forum Sparks 10 Overseas Cooperation Plans

China-Germany Smart Manufacturing Forum Sparks 10 Overseas Cooperation Plans

Leading foreign firms, government agencies, and business associations signed investment projects worth CNY3.6 billion (USD551 million) at the China-Germany Intelligent…

Jun 25, 2018
Dou Shicong
Malaysia Regards China Good Neighbor, Partner, Says Malaysian PM Mahathir

Malaysia Regards China Good Neighbor, Partner, Says Malaysian PM Mahathir

Malaysia’s Pakatan Harapan coalition, a political alliance ruling the Southeast Asian country, is not hostile to China, and Kuala Lumpur…

Jun 21, 2018
Xu Wei
Dollar, Central Bank Funds Push Onshore Yuan to Five-Month Low

Dollar, Central Bank Funds Push Onshore Yuan to Five-Month Low

The onshore yuan weakened to its lowest in more than five months because of a strong US dollar and after China’s central bank unexpectedly added money into the financial system earlier this week.

Jun 21, 2018
Liao Shumin
China's Vice Premier Liu to Meet EU Trade Delegation Amid US Tensions

China's Vice Premier Liu to Meet EU Trade Delegation Amid US Tensions

China's Vice Premier Liu He will meet with a senior European Union delegation in Beijing on Monday to support globalization amid a brewing US-China trade tiff.

Jun 21, 2018
Xu Wei

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