Business

AIIB insists on development principle of "quality first": president

The Asian Infrastructure Investment Bank (AIIB) holds the development principle of "quality first" instead of blindly pursuing high indexes, said the head of the international bank.

AIIB pursues sustainable development, shared benefits: president

The Asian Infrastructure Investment Bank (AIIB) builds on sustainable development principle and pursues shared benefits, said the AIIB president.

AIIB "needs time to build capacity": president

The Asian Infrastructure Investment Bank (AIIB) needs time to "build capacity," and therefore it must take a cautious approach to development, said the head of the banking institution.

China's retail sales up 8.4 pct in H1

​China's retail sales of consumer goods rose 8.4 percent year on year in the first half of 2019, the National Bureau of Statistics (NBS) said Monday.
 

China's industrial output expands 6 pct in H1

China's value-added industrial output expanded 6 percent year on year in the first half of 2019.

China's GDP grows 6.3 percent in the first half of 2019

China's gross domestic product (GDP) expanded 6.3 percent year-on-year in the first half of 2019 to about 45.09 trillion yuan (about 6.55 trillion U.S. dollars).

China's "new third board" raises over 17 bln yuan in H1

​China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board", raised 17.415 billion yuan (about 2.53 billion U.S. dollars) in the first half (H1) of this year.

BYD delivers Argentina's largest fleet of electric buses

Twelve electric buses delivered by the Chinese car maker BYD to Argentina's Mendoza Province on Thursday will go into service in Mendoza's provincial capital later this year, and will become the largest fleet of its kind in the country.

AIIB approves membership of Benin, Djibouti and Rwanda

The China-initiated Asian Infrastructure Investment Bank (AIIB) on Saturday approved the membership of Benin, Djibouti and Rwanda, bringing AIIB's total approved membership to 100.

AIIB holds 2019 annual meeting in Luxembourg

The fourth annual meeting of the China-initiated Asia Infrastructure Investment Bank (AIIB) kicked off in Luxembourg on Friday, for the first time outside Asia.

China iconic brand Hongqi's luxury SUV hits the market

China's automaker FAW Group on Friday began selling the first C-Class sport utility vehicle (SUV) of its iconic Hongqi brand in a bid to capture a slice of the luxury car market.

China's new yuan loans grow in June

China's new yuan-denominated loans reached 1.66 trillion yuan (about 244 billion U.S. dollars) in June, up from 1.18 trillion yuan in May, central bank data showed Friday.

China's imports of major commodities rise in H1

China imported more major commodities in the first half of this year. The country's imports of crude oil climbed 8.8 percent year-on-year to 245 million tonnes during the period.

South Africa’s leading chemicals company opens new plant in China

The world's leading energy and chemicals company Sasol opened a new chemical plant in Nanjing, the capital city of east China's Jiangsu Province.

China's foreign trade up 3.9 pct in H1

China's foreign trade remained stable growth in the first half of this year by expanding 3.9 percent year on year, the General Administration of Customs said Friday. 

China will not discriminate against foreign firms: commerce ministry

China will not oppress foreign companies or discriminate against them, and will resolutely protect their legitimate rights and interests, the Ministry of Commerce said Thursday.

China's newly formed insurance group to take over part of Anbang Insurance

​China has set up a new insurance group to take over part of Anbang Insurance, the country's banking and insurance regulator announced Thursday.

Two drones made by DJI given U.S. security clearance

Two drones developed by the Shenzhen-based drone maker DJI have been granted a security clearance by the United States Department of the Interior after a review lasting more than two years.

ZTE opens network security lab in Brussels

The Chinese telecommunications company ZTE has opened a network security laboratory in the Belgian city of Brussels, reports Xinhua News Agency, following the opening of a similar lab by the tech giant Huawei.
 

China to introduce more measures to stabilize foreign trade

China's State Council decided Wednesday to adopt more measures to keep its foreign trade stable.

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