Posted inEconomy
HKEX drops takeover bid for London peer
Hong Kong Exchanges and Clearing Limited (HKEX) said Tuesday it would not proceed with a proposal to the London Stock Exchange Group plc (LSEG) to combine the two companies. The…
Posted inEconomy
China’s high-tech manufacturing industry sees rapid growth in Aug.
China's high-tech manufacturing industry posted rapid growth in August, said official data. The added value of high-tech manufacturing in August went up 6.1 percent year on year, 1.7 percentage points…
Posted inEconomy
China UnionPay expands services to 176 countries, regions
Merchants in countries including Bosnia and Herzegovina and Chile began to accept UnionPay cards for the first time, the company said in a statement. The Shanghai-based financial service provider, now…
Posted inEconomy
Forever 21 fashion chain files for Chapter 11 bankruptcy
Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy…
Posted inEconomy
China’s manufacturing PMI edges up in September
The purchasing managers' index (PMI) for China's manufacturing sector firmed up to 49.8 in September from 49.5 in August, the National Bureau of Statistics (NBS) said Monday. A reading above…
Posted inEconomy
Chinese delegation to visit U.S. for 13th round of high-level economic, trade consultations
Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic…
Posted inEconomy
China makes progress in promoting sustainable economic growth, employment
China has made positive progress in promoting inclusive and sustainable economic growth, full and productive employment and decent work for all, according to a report from the Ministry of Foreign…
Posted inEconomy
China’s industrial profits drop 2 pct in August
The profits of China's major industrial firms dropped 2 percent year on year in August, data from the National Bureau of Statistics (NBS) showed Friday. The decline came after a…
Posted inEconomy
China makes progress in promoting sustainable economic growth, employment
China has made positive progress in promoting inclusive and sustainable economic growth, full and productive employment and decent work for all, according to a report from the Ministry of Foreign…
Posted inEconomy
China responds positively to U.S. tariff exemption lists
China supports relevant enterprises to continue to purchase a certain amount of U.S. farm products, including soybeans and pork, in line with the rules of the market and the World…