Economic review

China should not be blamed for unemployment in America, Europe: expert

2018-06-19 01:49:03

China should not be blamed for the unemployment in America and Europe,a geo-political expert wrote in an article published on Eurasia Future on Monday. Full Story

Number of active drilling rigs in U.S. decreases this week

2018-07-21 11:00:15

The number of active drilling rigs in the United States decreased by eight this week to 1,046, or 96 more than that this time last year, showed weekly data released by Baker Hughes on Friday. Full Story

Lao central bank faces challenges in stabilizing exchange rate

2018-07-21 10:35:10

The Bank of the Lao PDR looks set to face a big challenge in keeping the value of the kip against the U.S. dollar stable, as the local market is ignoring the official reference currency exchange rate, local daily Vientiane Times reported on Saturday. Full Story

Alphabet's self-driving car firm claims new milestone in accumulative driven mileage

2018-07-21 06:34:28

Google's sister company of autonomous car business Waymo announced Friday that its self-driving cars have hit a new milestone with a record 8 million miles (about 12.8 million kilometers) on public roads. Full Story

Boeing announces "key milestone" in U.S. Air Force's strategic missile defense contract

2018-07-21 03:43:50

U.S. aerospace giant Boeing Company said Friday that it has achieved a "key milestone" in a major contract with the U.S. Air Force after it presented the air force with design options for America's next intercontinental ballistic missile (ICBM), the Gr Full Story

China to set up financial firm in UAE's Abu Dhabi

2018-07-21 02:03:24

A state-owned financial services firm will be set up in the United Arab Emirates (UAE) Abu Dhabi's financial hub to offer lending facilities to Chinese companies operating in the emirate's industrial zone, the National newspaper reported Friday. Full Story

Regulator issues detailed rules on wealth management of banks

2018-07-20 23:42:51

The Chinese banking regulator on Friday published draft rules on wealth management services of banks to better regulate the rapidly-growing but sometimes risky business. Full Story

China's livestock production demands efficiency: study

2018-07-20 03:54:04

A study published in the latest issue of Science Advances showed demand for animal protein and increasing wealth fueled a tripling in the domestic production of livestock in China between 1980 and 2010. Full Story

China never steals other countries' technology through military-civilian integration: FM spokesperson

2018-07-20 00:48:13

The Foreign Ministry on Thursday strongly refuted allegations that China stole other countries' technology through military-civilian integration. Full Story

Japan's Kobe Steel indicted over fabricating product quality data, scandal dates back to 1970s

2018-07-19 23:47:51

Kobe Steel Ltd. was indicted by prosecutors Thursday on suspicion its instances of falsifying data regarding the quality of its products shipped domestically and overseas have violated an unfair competition law. Full Story