China’s 13 provincial-level regions have reported double-digit growth in gross domestic product (GDP) year on year in the first half of the year, beating analyst estimates, Friday’s Shanghai Securities News reported.
Of China’s 27 provinces, autonomous regions and municipalities that have reported their first-half economic statistics as of July 31, 13 regions saw their GDP growth [...]
China’s domestic computer producers Lenovo, Haier, Founder and Tsinghua Tongfang became major beneficiaries of the country’s home appliance promotion project in rural areas, with a combined market share of 97.7 percent in the January-June period, according to the latest statistics released by the Ministry of Commerce.
Lenovo computer, the biggest winner, held 44 percent of the [...]
China’s oil imports grew marginally in the first half as the country’s economy slowed, but may see further growth in the second half as demand improves, said industry insiders.
The small growth in oil imports from January to June was largely due to the weak domestic demand. However, oil imports are set to rebound in the [...]
China’s stocks continued to post strong advances on Friday, offsetting Wednesday’s 5 percent plunge, led by metal and electricity producers.
The benchmark Shanghai Composite Index rose 2.72 percent, or 90.50 points, to finish at 3,412.06.
The Shenzhen Component Index gained 3.00 percent, or 398.19 points, to end at 13,670.72.
Combined turnover stood at 336.7 billion yuan (49.3 billion [...]
China is beefing up efforts even further in a bid to combat securities-related crimes.
In the past three years, China’s securities regulator has halted 205 people from trading on the mainland’s two stock markets over misconduct and 55 of them received life-time bans.
China Securities Regulatory Commission9(CSRC) also confiscated 191 million yuan (US$27.95 million) in illegal gains [...]
Net assets of China’s insurance industry rose 17.5 percent from the beginning of this year to 329.9 billion yuan (48.3 billion U.S. dollars) by the end of June, Yuan Li, a spokesman of the China Insurance Regulatory Commission (CIRC), told reporters Friday morning.
The CIRC would facilitate China United Property Insurance Co., Ltd. to introduce strategic [...]
