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China’s forex reserves dip in February

China’s forex reserves dip in February

China’s foreign currency reserves stood at US$3.2050 trillion at the end of February, down from US$3.2107 trillion registered at the end of January, the central bank said yesterday....

March 8, 2021, Monday


Active fiscal policy ensures better support

Active fiscal policy ensures better support

China’s proactive fiscal policy had been more active and fruitful in 2020 amid efforts to soften the impact of the COVID-19 epidemic, according to a report released by the Ministry of Finance on Satur...

March 8, 2021, Monday


Foreign trade up 32% in 2 months

Foreign trade up 32% in 2 months

Despite the Chinese Lunar New Year holiday and the epidemic, China’s foreign trade increased significantly in January and February, thanks to strong external demand, a recovering domestic economy and ...

March 8, 2021, Monday


Hit by digital tax, Google plans to hike ad rates in Spain, France

Hit by digital tax, Google plans to hike ad rates in Spain, France

GOOGLE has told customers that it will raise the rates for advertisements on its French and Spanish platforms by 2 percent from May to help offset the impact of a digital tax on profits. France has collected ...

March 8, 2021, Monday


Twitter founder’s 1st tweet on auction

Twitter founder’s 1st tweet on auction

Twitter boss Jack Dorsey is selling his first tweet at auction, with bidding on Saturday reaching US$2 million in a sign of the appetite for virtual objects authenticated through blockchain technology...

March 8, 2021, Monday


Report finds robust appetite for M&A

Report finds robust appetite for M&A

Business executives and merger and acquisition practitioners expect M&...

Ding Yining | March 5, 2021, Friday


China bond holdings by foreigners rise

China bond holdings by foreigners rise

Overseas investors raised their holdings of Chinese bonds for the 27th month in a row in February despite a narrowing spread between Chinese government bonds and their foreign counterparts....

March 5, 2021, Friday


UK regulator launches app probe

UK regulator launches app probe

Britain’s competition regulator said yesterday it has opened an investigation into Apple Inc after complaints that the iPhone maker’s terms and conditions for app developers are unfair and anti-compet...

March 5, 2021, Friday


Trip.com posts US$156m net profit in Q4

Trip.com posts US$156m net profit in Q4

Trip.com, formerly Ctrip, posted a net profit of 1 billion yuan (US$156 million) for last year’s fourth quarter, the second quarter of profitability since the coronavirus outbreak, China’s biggest...

Zhu Shenshen | March 5, 2021, Friday


SMIC extends ASML deal till end of year

SMIC extends ASML deal till end of year

SEMICONDUCTOR Manufacturing International Corp has extended a deal until the end of this year with ASML Holding NV to pay US$1.2 billion for equipment purchases, which will ensure the Chinese mainland’s ...

March 5, 2021, Friday


Technology steps up to the plate in efforts to save the planet

Technology steps up to the plate in efforts to save the planet

EVERYONE applauds the idea of saving the planet by creating a greener, more sustainable environment. The hard part is achieving that goal. Shanghai has set a goal of becoming a model “green city” of ...

Zhu Shenshen | March 5, 2021, Friday


CIIE to drive auto development

CIIE to drive auto development

Shanghai will use the fourth China International Import Expo as a great platform to further promote the development of new-energy, intelligent and connected vehicles, officials said yesterday....

Hu Yumo | March 4, 2021, Thursday


Coal mine numbers to fall further

Coal mine numbers to fall further

China’s annual coal output will stand at no higher than 4.1 billion tons by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tons in 2020,...

March 4, 2021, Thursday


Gasoline, diesel prices go up today

Gasoline, diesel prices go up today

China will raise the retail prices of gasoline and diesel from today, the country’s top economic planner said yesterday....

March 4, 2021, Thursday


Africa gets WB aid for vaccines

Africa gets WB aid for vaccines

The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender said, as the continent scrambles to secure doses and start immunizing vulnerable...

March 4, 2021, Thursday




 

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