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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
Economists warn that declining birth rate threatens country’s development
China cuts its holdings of US Treasury securities in November, after adding US$8.4 billion in October.
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
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
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
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
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
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
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.
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
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
China’s economic growth accelerated for the first time in seven years last year, reaching 6.9% on rising demand. But the expansion’s key drivers, from investment to consumption, appear to be weakening.
LONDON (Reuters) - Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Treasury yields - the benchmark for global borrowing costs - to a 10-month high.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
DealShot: DCM China, Baidu Ventures Co-Lead $8M In Chinese Industrial Robot Maker Aqrose appeared first on China Money Network.
From infrastructure spending to big profits at firms controlled by the central government, Beijing was more assertive with the economy last year.
GDP growth accelerates, despite efforts to curb financial risk from excessive debt
National Bureau of Statistics of China
18 January, 2018
In 2017, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all regions and departments implemented the decisions and arrangements made by the CPC Central Committee and the State Council, ad...
Sales Price Indices of Newly Constructed Commercial Residential Buildings in 15 First-tier Cities and Hot Second-tier Cities
CitiesPrice Indices of Newly Constructed Commercial Residential Buildings
(Y/Y)Price Indices of Newly Constructed Commercial Residential Buildings
China’s direct investment in the United States dropped by 35% in 2017 to US$29 billion in completed deals, and the value of newly announced Chinese acquisitions in the U.S. dropped by 90% compared to 2016, due to regulatory hurdles from both countries, according to a report by Rhodium Group, a research consultancy based in New York. Rhodium Group recorded 141 Chinese direct investment transactions in the U.S. worth US$29 billion in 2017, representing a 35% drop compared to a record 2016. …
China’s Direct Investment In US Drops 35% With Value Of New Acquisitions Reduced By 90% In 2017 Due To Regulatory Hurdles appeared first on China Money Network.
Chinese state-owned semiconductor manufacturing supplier Naura Microelectronics Equipment Co., Ltd announced that it had completed a US$15 million acquisition of U.S. company Akrion Systems LLC, a supplier of surface preparation for solar and semiconductor devices. The deal is said to be the first Chinese acquisition of a U.S. company to be approved by CFIUS under the Trump administration. It is a rare case amid toughened control and a slew of cancelled Chinese acquisitions in the U.S., but the deal’s small size seems …
US Approves Chinese Acquisition Of Semiconductor Manufacturing Equipment Firm Akrion Systems appeared first on China Money Network.
January 18, 2018 1:21 PMSINGAPORE - China Everbright Water has inked a supplemental agreement with the Lingcheng District Government of Dezhou City to upgrade Shandong Dezhou Ling County Waste Water Treatment Project Plant 2.
SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
China's cross-border capital flows reached a turning point last year, the country's foreign exchange regulator said.
Singapore’s Temasek Holdings has led a new funding round in Rokid, a Chinese robotics start-up. Investors including Credit Suisse Group, CDIB Capital International, and existing investor IDG Capital also participated in the round, Rokid announced on its Wechat official account. The company did not disclose the amount it raised, but Chinese media reports put the number at US$100 million. Rokid did not immediately respond to China Money Network’s inquiry to confirm the figure. It is also unclear how Rokid is …
Singapore’s Temasek Leads $100M Round In Chinese Robotics Firm Rokid appeared first on China Money Network.
January 18, 2018 11:17 AMSHANGHAI (Bloomberg) - Chinese billionaire Wang Jianlin, faced with a quarter of his US$2 billion in Dalian Wanda Commercial Properties Co's overseas debt coming due in March, is selling off the majority of his global hotel and development projects.
Alibaba Taiwan Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., has led a RMB100 million (US$15 million) series B round in Space Cycle, a Taiwanese fitness brand. Alibaba made the investment via its Alibaba Taiwan Entrepreneurs Fund II, which is managed by WI Harper Group. Edward Liu, a partner at WI Harper, will join Space Cycle’s Board of Directors, according to a company announcement. Founded in 2005, Space Cycle operates fitness studios throughout mainland China and Taiwan that …
Alibaba Taiwan Entrepreneurs Fund Leads $15M Round In Fitness Brand Space Cycle appeared first on China Money Network.
Chinese tech giant Alibaba Group Holding Ltd. has hired Hungarian-American computer scientist Mario Szegedy (pictured) to join DAMO Academy’s quantum computing lab. Alibaba launched the global research institute DAMO last October, to support the company’s plan to broaden its technological expertise beyond e-commerce. At that time, Alibaba said it plans to invest US$15 billion in foundational and disruptive technology and looks to recruit 100 talented researchers from around the world. The appointment of Szegedy is the first appointment of a …
China’s Alibaba Hires Quantum Computer Scientist Mario Szegedy appeared first on China Money Network.
Global alternative asset manager The Carlyle Group has hired Wanlin Liu, former managing director at Goldman Sachs Principal Investment Area, as managing director. Liu will join Carlyle’s Asia private equity team, and look for buyout and growth opportunities in China. She will be based in Shanghai. “Wanlin Liu has solid experience in the private equity investment sector. She will be a strong support for our China team,” said Xiang-Dong Yang, managing director and chairman of Carlyle Asia. “We believe China …
Carlyle Hires Former Goldman Sachs’ Wanlin Liu As Managing Director appeared first on China Money Network.
China reports fourth-quarter GDP figures on Thursday at 3pm HK/SIN.
January 18, 2018 10:15 AMSHANGHAI (BLOOMBERG) - China home prices rose in the most cities in six months even as the government prolonged its campaign to curb property speculation.
DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.
Wall Street closed with substantial gains ahead of Asia's Thursday trading day.
Companies cite national security concerns after ‘decimation’ of domestic sector
Energomash-Great Wall negotiations confirm predicted ‘challenge to US air superiority’
Staff loan money back to heavily indebted city of Baotou for ‘guaranteed’ 7-12% return
Chinese conglomerate Dalian Wanda Group has agreed to sell London luxury development project One Nine Elms for 59 million pounds (US$81 million) , amid a wave of asset sales by the conglomerate to reduce debt. The news comes amid rumors that the firm is considering a Hong Kong listing for its sports unit, a move seen as a bid to rationalize its portfolio. Amid increasing government scrutiny, Chinese conglomerates have been offloaded assets. Last month, Fosun Group sold off a property project …
China’s Dalian Wanda Sells London Property Project For $81 Million appeared first on China Money Network.
WASHINGTON (Reuters) - President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China.
A former CIA officer arrested on charges of unlawfully retaining classified information has been suspended by Christie’s as its head of security in Hong Kong.
The EU and US should push for global rules on internet freedom
LONDON (Reuters) - Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which...
In recent years, many talented Chinese scientists have abandoned Silicon Valley to seek greater opportunities at home with local tech firms. Now they will have an added incentive as Chinese venture capital firm Shenzhen Green Pine Capital Partners has launched a RMB1 billion (US$155 million) fund to help overseas Chinese scientists start businesses in the southern city of Shenzhen. Together with the fund, Green Pine Capital Partners also established a start-up incubator for overseas Chinese scientists. The incubator will provide free …
VC Fund Offers $155M To Lure Chinese Scientists Away From Silicon Valley appeared first on China Money Network.
The work ethic in Chinese tech companies far outpaces their US rivals
Aggressive stance towards biggest adversaries will be top priority for Pentagon
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.
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.
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.
PetroChina’s logo is seen at its petrol station in Beijing. Profit of China’s petrochemical industry in 2017 grew at the fastest pace in six years, the China Petroleum and Chemical Industry Federation said yesterday. The sector’s 2017 profit is estimated to exceed 850 billion yuan (US$132 billion), an increase of 30 percent. Revenue from core operations totaled 14.5 trillion yuan last year, up 12.5 percent. The petrochemical industry has been hindered by overcapacity along with security and environmental constraints. A State Council guideline issued in August 2016 said China must increase the competitiveness of the industry.
China’s mobile phone sales fell 27.1 percent last year as the market became saturated after several years of rapid growth.
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
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