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IMF Slashes Global Outlook, Remains Cautious About Chinese Economy

Oct 05, 2016 05:37 PM EDT

The International Monetary Fund (IMF) has expressed concerns about the global economy, slashing its outlook by 0.1 percent for the year.

Goldman Sachs has raised concerns about China's housing market.

Goldman Sachs Expresses Concern About Chinese Housing Market and Metals

S. Rina |

Oct 05, 2016 05:16 PM EDT

Goldman Sachs, in its latest report, has raised apprehensions about the future course of China's housing market. The report discussed the impact of a downturn on the country's housing market on its metals sector. The bank cited possible overcapacity in China's housing market as a cause of concern.

China has deployed ten robots as custom officers at three ports.

China Deploys Robot Customs Officers in South Ports

S. Rina |

Oct 02, 2016 11:27 AM EDT

China has deployed 10 robots as custom officers at three ports, particularly in the cities of Zhongshan and Zhuhai in Guangdong Province.

The People’s Bank of China stated that the country will retain its prudent monetary policy in the near future.

Chinese Central Bank to Retain Prudent Monetary Policy

S. Rina |

Oct 02, 2016 10:49 AM EDT

The People's Bank of China said the country will retain its prudent monetary policy in the future.

China is opening up its legal system by streaming its trials online.

China Brings Transparency to Legal System, Streams Trials

S. Rina |

Oct 01, 2016 08:59 AM EDT

In a bid to bring transparency into its legal system, China is streaming its trials online.

Beijing now has a giant tower to help clean the city air.

China Builds Tower to Vacuum Smog, Address Air Pollution

S. Rina |

Oct 01, 2016 08:51 AM EDT

Beijing now has a giant tower to help address its problem on air pollution, particularly smog.

China observed Martyr’s Day across the country to commemorate the memory of its deceased national heroes.

Chinese People Celebrate Martyr’s Day Across the Country

S. Rina |

Sep 30, 2016 05:05 PM EDT

Chinese people observed Martyr's Day across the country to commemorate the memory of deceased national heroes.

The Markit/Caixin manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August.

China Caixin Manufacturing PMI Shows Marginal Increase in September

S. Rina |

Sep 30, 2016 12:49 PM EDT

The Markit/Caixin Manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August.

China’s real estate tycoon Wang Jianlin has expressed his concern over real estate market in the country.

Chinese Billionaire Wang Jianlin Warns About Real Estate Bubble

S. Rina |

Sep 29, 2016 12:31 PM EDT

China's real estate tycoon Wang Jianlin has expressed concern over the real estate market in the country.

China plans to generate 10 gigawatts of electricity from solar energy by 2020.

China Inks Deals With BrightSource Energy to Build new Solar Farms

S. Rina |

Sep 29, 2016 12:20 PM EDT

China is looking to increase the user of clean energy in the country. To this end, Shanghai Electric Group Co Ltd. has signed a deal with BrightSource Energy, a California-based company, to build a solar farm.

The station will be located at Badaling, which is the most visited section of the Great Wall.

China’s Great Wall to get the World’s Deepest High-Speed Rail Station

S. Rina |

Sep 29, 2016 12:11 PM EDT

China will construct the world's deepest high-speed railway station under its Great Wall.

Eastern China is bettered by Typhoon Megi, which made its landfall in central Fujian, early Wednesday morning.

Typhoon Megi Causes Devastation in Eastern China, Taiwan

S. Rina |

Sep 28, 2016 01:21 PM EDT

Eastern China is being battered by Typhoon Megi, which made landfall in central Fujian on Wednesday morning. Megi is believed to have killed five people, including one in China and left over 600 injured. Before hitting Eastern China, the typhoon caused widespread damage in Taiwan. The typhoon is likely to lose its strength on Thursday. However, it would still pose a danger to life and property.

China is believed to have built up massive stockpile of oil under its government-managed strategic petroleum reserve

China’s Oil Reserve may Subvert any OPEC Move to Push up Petroleum Prices

S. Rina |

Sep 28, 2016 12:53 PM EDT

Members of the Organization of Petroleum Exporting Countries (OPEC) are scheduled to hold an informal meeting in Algiers later this week. The continuous decline in oil prices is likely to be the main agenda at the meeting. However, experts believe that China's oil reserves may subvert any decision taken by OPEC members to push up petroleum prices.

China launched a $52.5 billion fund for boosting its ‘supply-side’ reforms.

China Floats $52.5B State Enterprises Restructure Fund

S. Rina |

Sep 28, 2016 07:03 AM EDT

China launched a $52.5 billion fund for boosting its ‘supply-side’ reforms. The fund is intended to restructure and redesign its state-owned enterprises.

Philippine president Rodrigo Duterte said that he is working towards open trade alliances with Russia and China.

Philippines’ Duterte Wants ‘Open Alliances’ with China and Russia

S. Rina |

Sep 28, 2016 06:45 AM EDT

Philippine President Rodrigo Duterte said he is working towards open trade alliances with China and Russia. Philippines may also offer long-term land leases to these countries.

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