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S.Korean president says dramatic change going on in Korean Peninsula

South Korean President Moon Jae-in said Thursday that a dramatic change is going on in the Korean Peninsula citing the successive summits between the two Koreas and between the United States and the Democratic People’s Republic of Korea (DPRK). Moon made the remarks during a meeting with presidents of 47 local media outlets, saying the summits would be a dramatic …

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China announces anti-dumping measures on imported chlorobutyl rubber

China’s Ministry of Commerce (MOC) announced Thursday that it will impose provisional anti-dumping measures on chlorobutyl rubber imported from the United States, the European Union, and Singapore. A preliminary ruling by the MOC found that companies from these countries had dumped chlorobutyl rubber on the Chinese market, and such imports had caused substantial damage to the domestic industry. Starting on …

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China’s housing prices continue to stabilize

Housing prices remained largely stable in major Chinese cities in March amid the government’s tough purchase restrictions, official data showed Wednesday. As the government maintained purchase restrictions aimed at containing speculative demand, new home prices softened in the country’s first-tier cities, according to the National Bureau of Statistics (NBS). New home prices in first-tier cities declined 0.6 percent year on …

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China’s Q1 GDP grows 6.8 pct year on year

The Chinese economy saw a solid start to the year with a 6.8-percent growth in the first quarter, official data showed Tuesday. GDP reached 19.88 trillion yuan (about 3.2 trillion U.S. dollars) in the first three months of 2018, up 6.8 percent year on year at comparable prices, unchanged from the growth rate in the previous quarter, according to the …

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Direct hotline between leaders of S.Korea, DPRK likely to be set up this week

The hotline of direct dialogue between the leaders of South Korea and the Democratic People’s Republic of Korea is likely to be set up later this week, a senior Blue House official said Tuesday. Im Jong-seok, chief of staff for South Korean President Moon Jae-in, told a press briefing that the hotline between Moon and top DPRK leader Kim Jong …

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China to phase out automobile share-holding limits for foreign investors

China will phase out share-holding limits for foreign investors in the automobile sector, the country’s top economic planner said Tuesday. Share-holding limits for special-purpose vehicles and new energy vehicles will be scrapped for foreign investors in 2018, while those for commercial vehicles and passenger vehicles will be lifted in 2020 and 2022 respectively, according to the National Development and Reform …

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