China saw its foreign service trade deficit expand in August, according to the State Administration of Foreign Exchange (SAFE) data.Income from trade in services stood at 22.8 billion U.S. dollars last month, while expenditure was 48.2 billion dollars, resulting in ...
Profits of China's industrial firms in August rose at the fastest pace in three years due to a low base, rising sales and lower costs, statistics released yesterday showed.Industrial earnings last month surged 19.5 percent to 534.8 billion yuan (.2 billion), wit...
The first batch of homemade luxury cruise vessels will be built at the shipyard of Shanghai Waigaoqiao Shipbuilding and the first delivery is expected in 2022, the China News Service reports.China's largest shipbuilder China State Shipbuilding Corp (CSSC), China...
Metallurgical coal, or coke, contracts are set for the longest run of gains since quarterly deals were introduced in 2010 as China cuts output and raises steel production.Spot prices for hard coking coal have gained more than 80 percent since the start of June to mo...
China is considering changes to its mineral deposit classification and reporting rules to bring them in line with international standards and open up its mining sector, government officials have said.Mining is an important sector for China's opening up, said Yu ...
China announced on Friday it will launch direct trading of its currency yuan with the riyal of Saudi Arabia and the dirham of the United Arab Emirates, on its inter-bank foreign exchange market.The move will bring the number of foreign currencies that are allowed di...
Scholars and entrepreneurs in Britain are joining hands to find innovative ways to explore the huge Chinese market.The Innovation Forum, held in Cambridge from Wednesday to Thursday, attracted industry, academic and government leaders to promote innovation and facil...
China's decision to cut tariffs on a wide range of technology products would help push the country's industrial innovation, analysts pointed out.Starting Thursday, China, the world's largest IT products exporter, would cut import duties on 201 IT product...
The ongoing China-Russia naval exercise in the South China Sea should not be taken out of context by other countries since it is a regular annual drill and does not target a third party, a senior Chinese navy officer said."Some people and countries are pointing...
A large piece of airline debris found off the coast of Tanzania and examined in Australia has been determined to be from missing Malaysia Airlines flight MH370, authorities have confirmed.A statement from the Australian Transport Safety Bureau (ATSB) confirmed the p...
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