Business - NsNewsWire

China economic restructuring world’s growth momentum: economist

BEIJING, March 19 (NsNewsWire) — The ongoing Chinese economic restructuring is conducive to reducing uncertainty for the world economy and injecting fresh growth momentum into the global economic recovery, according to a Chinese economist. “China has been an active participant in and facilitator of globalization,” Wang Yiming, deputy director of the Development Research Center of […]

China’s economic structural reforms boost opportunities for global growth

BEIJING, March 15 (Xinhua) — China will build on the forward momentum and continue its economic structural reforms in 2017, in an effort to provide more opportunities for global growth. Deepening supply-side structural reforms, aimed at mid- and long-term stable growth, will remain at the center, according to this year’s government work report, which sets […]

British growth prospects upgraded by British Chambers of Commerce

LONDON, March 15 (NsNewsWire) — British economy is predicted to grow by 1.4 percent this year, according to a new forecast released on Tuesday by the British Chambers of Commerce (BCC). BCC, a major industry representative body, raised its forecast in its latest quarterly review of the UK economy from 1.1 percent, reflecting the unexpected […]

China’s growth an example for world

BEIJING, March 13 (Xinhua) — China’s growth has benefited from innovation, people-centered ideology, stability, infrastructure upgrades and globalization, which can serve as an example for other economies, experts said. “China’s economy has stabilized and showed more signs of warming, thanks to new growth policies, structural reform and policy innovations,” said Cai Jiming, professor with Tsinghua […]

IMF Staff Completes 2017 Article IV Mission to Bangladesh

Washington, D.C. March 9 (NsNewsWire) — An International Monetary Fund (IMF) mission, led by Mr. Brian Aitken, visited Dhaka during February 26-March 9 to hold discussions on the 2017 Article IV Consultation with Bangladesh. The mission met with the Finance Secretary, Bangladesh Bank Governor, Executive Chairman Bangladesh Investment Development Authority, Secretary Bank and Financial Institutions […]

China punishes NEV manufacturers for fraudulent subsidy claims

BEIJING, March 7 (Xinhua) — China has punished a number of new-energy vehicle (NEV) manufacturers for fraudulently claiming subsidies, Finance Minister Xiao Jie said Tuesday. “The combined amount of retrieved subsidies and penalties imposed on companies involved is about 2.3 billion yuan (about 333.5 million U.S. dollars),” Xiao told a press conference on the sidelines […]

Aussie agricultural exports set to surge in 2017 due to boom in nut sales

CANBERRA, March 7 (Xinhua) — Australian farm produce is predicted to boom this year as overseas markets clamour for locally grown nuts such as almonds and macadamias as well as agricultural stalwarts such as beef, lamb, wool and cotton. The value of Australian agricultural production is forecast to surge by 8.3 percent this financial year […]

Chinese shares close higher Monday as investors reassured on reform

BEIJING, March 6 (Xinhua) — Chinese shares closed higher Monday, with the key Shanghai index up 0.48 percent, after the country’s leadership reassured investors on reform. The benchmark Shanghai Composite Index rose 0.48 percent to end at 3,233.87 points. The Shenzhen Component Index closed 1.2 percent higher at 10,522.28 points. The ChiNext Index, China’s NASDAQ-style […]

World recorders created by construction equipment “made in China”

LAS VEGAS, March 6 (NsNewsWire) — As the largest manufacturing country of construction equipment in the world, China has sent a dream team to show in 2017 CONEXPO-CON/AGG, the largest international trade show for the construction industries all around world that takes place every three years. Chinese companies will prove they are all-round champion in […]