Economic review

China Merchants to take over Sri Lanka port

2017-07-26 15:38:00

Chinese port operator China Merchants Port Holdings has announced it will acquire an 85 percent stake in Sri Lanka's Hambantota Port for $974 million. Full Story

Hyundai Motor's H1 profit posts double-digit fall on weak sales in China

2017-07-26 15:31:00

Hyundai Motor, South Korea's biggest automaker, posted a double-digit fall in operating profit for the first half of this year due mainly to weak demand from China, the company said Wednesday. Full Story

China to corporatize central SOEs by end of 2017

2017-07-26 14:53:00

China's State Council has recently issued an "implementation plan for China's corporatization reform of the central government-administered state-owned enterprises (SOEs)", requiring all central SOEs to complete corporatization reforms within the year Full Story

Bank resumes credit line for employees of struggling LeEco

2017-07-26 14:46:00

China Construction Bank said it has resumed the credit card line of most employees with struggling Chinese tech group LeEco after previously lowering their credit limit to just 1 yuan ($0.14). Full Story

China's game industry booms on mobile tech

2017-07-26 14:29:00

China’s game industry revenue hit almost 100 billion yuan ($14.5 billion) for the first time between January and June, thanks to booming mobile Internet development and cross-industry integration, industry officials told a summit of Chinajoy as Asia’s big Full Story

China aluminum industry: will prices continue to rise?

2017-07-26 14:08:00

The price of aluminum has been on the rise this year due to market anticipation of production cuts in the second half of the year. And that means that at least for now, aluminum production has become one of the most profitable non-ferrous metals businesse Full Story

China railway investment up 1.9 pct in H1

2017-07-26 13:42:00

China's railway investment increased in the first half year and national railway investment is expected to hit a new high in 2017, authorities said Wednesday. Full Story

BRICS trade ministers to discuss more e-commerce cooperation

2017-07-26 13:25:00

BRICS trade ministers will discuss expanding e-commerce cooperation in an upcoming annual meeting, according to the Ministry of Commerce (MOC) Tuesday. Full Story

Airbus Helicopters gears up for Chinese market

2017-07-26 13:12:00

China has surpassed the United States to become the world's largest civil aircraft market of Airbus Helicopters in terms of annual booking, say company executives. Full Story

Chengdu launches rail-sea cargo link to Southeast Asia

2017-07-26 11:16:00

A cargo train left Chengdu, capital of southwest China's Sichuan Province Tuesday, testing a new rail-sea cargo route to Southeast Asia. Full Story