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NW China's Xinjiang invests 10 bln yuan ...
Northwest China's Xinjiang Uygur Autonomous Region will invest 10.8 billion yuan (1.6 billion U.S. dollars) this year to construct and upgrade the power grid in the region. According to the State Gr
Weekly snapshot of China's local busines...
BEIJING, March 24 (Xinhua) -- The following are highlights of China's key local business news from the past week. -- Country Garden sees profit, revenue rise in 2018 China's leading property develope
China courier giants see steady revenue ...
SHANGHAI, Feb. 27 (Xinhua) -- Three major Chinese express delivery companies posted steady revenue growth last year on the back of booming e-commerce in the world's most populous country. SF Holding
Mexico anti-fuel theft plan to stem 2.6 ...
MEXICO CITY, Feb. 21 (Xinhua) -- Mexico's fight against rampant fuel theft is expected to save the government nearly 50 billion pesos (2.6 billion U.S. dollars) in losses this year, President Andres
Sea is raising up to $1.5B for its Shope...
Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled
China's rural policy bank supports fores...
China's rural policy bank has issued loans of 40.5 billion yuan (about six billion U.S. dollars) to help the country's forestry sector. Since the launch of such loan services in 2016, the Agricultura
China fines environment polluters hefty ...
China's environment minister said Tuesday administrative fines amounting to 15.28 billion yuan (2.28 billion U.S. dollars) were slapped on firms, organizations and individuals for environmental offe
Chinese banks post forex settlement defi...
BEIJING, March 18 (Xinhua) -- China's commercial banks saw a net forex settlement deficit of 101.3 billion yuan (around 15 billion U.S. dollars), in February, the country's forex regulator said Monda
Philippine remittances reach 2.75 bln US...
MANILA, March 15 (Xinhua) -- Personal remittances from overseas Filipinos grew by 3.4 percent year-on-year in January 2019 to reach 2.75 billion U.S. dollars from 2.66 billion U.S. dollars, the Phili
China to increase 2019 allocation on pre...
BEIJING, March 5 (Xinhua) -- China's central government will allocate 25 billion yuan (3.73 billion U.S. dollars) to prevent and control air pollution, an increase of 25 percent year on year, says a
China online food delivery market volume...
BEIJING, April 10 (Xinhua) -- The volume of China's online food ordering and delivery market hit 441.5 billion yuan (65.8 billion U.S. dollars) in 2018, up 112.5 percent year on year, according to an
Macao's forex reserves reach 20.63 bln U...
MACAO, March 14 (Xinhua) -- The preliminary estimate of the foreign exchange reserves in China's Macao Special Administrative Region (SAR) reached 166.8 billion patacas (about 20.63 billion U.S. doll
Uber to buy Middle East rival Careem for...
Uber will spend 3.1 billion U.S. dollars to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday nigh
Large petrochemical JV inaugurated to de...
SHENYANG, March 23 (Xinhua) -- A joint venture petrochemical company with a total investment of over 71 billion yuan (10.6 billion U.S. dollars) from China and Saudi Arabia was inaugurated in the cit
Air China net profits up 1.33 pct in 201...
BEIJING, March 28 (Xinhua) -- Air China, the country's flag carrier, saw its net profits edge up 1.33 percent in 2018 to 7.34 billion yuan (about 1.1 billion U.S. dollars), according to a company sta
China's service trade deficit narrows in...
BEIJING, March 28 (Xinhua) -- China's deficit in foreign service trade narrowed in February, official data showed Thursday. The deficit decreased to 20.6 billion U.S. dollars last month, down from 22
Google fined 1.49b euros for anti-trust ...
BRUSSELS, March 20 (Xinhua) -- U.S. internet giant Google on Wednesday received a new fine ticket of 1.49 billion euros (1.69 billion U.S. dollars) from the European Commission for the alleged breach
BRICS New Development Bank places bond i...
SHANGHAI, Feb. 26 (Xinhua) -- The BRICS New Development Bank (NDB) successfully placed 3 billion yuan (448 million U.S. dollars) of RMB-denominated bonds in the China Interbank Bond Market on Monday,
E-commerce giant Suning.com net profits ...
Chinese e-commerce giant Suning.com announced Thursday that the company registered a net profit increase of 216.2 percent in 2018 thanks to soaring online consumption. The net profits attributable to
China's service trade deficit further ex...
BEIJING, Feb. 28 (Xinhua) -- China's deficit in foreign service trade continued to expand in January, official data showed Thursday. The deficit grew to 22.8 billion U.S. dollars last month, up from
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