BEIJING, December 19, 2017—Economic growth in China has remained strong in 2017, supported by rising household incomes and improving external demand. Growth is projected at 6.8 percent in 2017, exceeding initial expectations, according to the…
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China Maintains Strong Growth and Reform Momentum, Says World Bank
World Bank: China’s GDP growth rate to reach 6.8% this year
China has maintained strong economic growth, which is projected to reach 6.8 percent this year, supported by rising household incomes and improving external demand, the World Bank said in its latest economic update report released…
BRIEF-China Oceanwide International Financial Proposes Rights Issue
Dec 18 (Reuters) – China Oceanwide International Financial Ltd: * PROPOSES TO RAISE HK$18.25 BILLION BY WAY OF RIGHTS ISSUE OF 16.59 BILLION RIGHTS SHARES AT HK$1.10 PER RIGHTS SHARE * NET PROCEEDS FROM RIGHTS…
China’s Huawei to expand in U.S. smartphone market next year
Yu expressed confidence the smartphone business wouldn’t be affected by American government … Helped by a strong position in China, India and other developing markets, sales by its premium-priced Huawei and mid-market Honor smartphone brands…
BRIEF-People’s Insurance Group Of China Updates On Property And Casualty Units Premium Income
Dec 19 (Reuters) – People’s Insurance Group Of China Co Ltd : * 1 JAN TO 30 NOV PICC PROPERTY AND CASUALTY COMPANY LIMITED AGGREGATE PREMIUM INCOME RMB315.99 BILLION Source text for Eikon: Further company…
Vietnam Follows Beijing With South China Sea Upgrades of Its Own
While the work is vastly outweighed by what China is doing it suggests Hanoi wants to hold its ground over the contested waterway, even if it risks upsetting Beijing. In August, Philippine President Rodrigo Duterte…
Beijing Bids Goodbye to Robert Mugabe
As the line of Chinese-made armored vehicles rumbled into Harare last month, Zimbabwe’s 93-year-old dictator, Robert Mugabe, must have wondered what happened to the “all-weather friendship” Beijing always said they shared. For nearly four decades…
Russia, China react to Trump’s security strategy remarks
But the decision to label Beijing a rival in a national security strategy report reflects a “victory of hardliners” in Trump’s administration, China’s official news agency warned Tuesday. Trump’s stance “probably means Chinese-U.S. economic and…
China condemns US ‘Cold War mentality’ on national security
China has condemned the “Cold War mentality” of the White House … “Now less than one year later I am proud to report that the entire world has heard the news and has seen the…
Following Trump’s report, China urges US to accept its rise
the official Xinhua News Agency said. It warned U.S.-Chinese economic relations were likely to face “even more pressure and challenges.” “We urge the United States to stop deliberately distorting China’s strategic intentions and abandon a…
World Bank ups forecast for China growth in 2017 to 6.8 pct
BEIJING, Dec. 19 (Xinhua) — The World Bank has raised China’s growth forecast for 2017 from 6.7 percent to 6.8 percent, based on rising household income and improving external demand, according to its latest report…
World Bank raises China 2017 growth forecast, maintains 2018 out
Beijing: The World Bank on Tuesday raised its forecast for China’s economic growth in 2017 to 6.8 percent from 6.7 percent it projected in October, as personal consumption and foreign trade supported growth. But the…
World Bank approves $150mn loan for China’s farm produce distribution system
BEIJING: World Bank has approved a 150-million US dollar loan to southeastern Chinese province of Jiangxi to improve its farm produce distribution system, the bank said in a statement. The loan will benefit over 200,000…
