TOKYO, March 21 (Xinhua) — Tokyo stocks lost ground Tuesday morning as Wall Street’s losses created a weak tone, while a firm yen against the U.S. dollar dented investor sentiment and sent exporters lower. The 225-issue Nikkei Stock Average dropped 51.97 points, or 0.27 percent, from Friday to 19,469.62. The broader Topix index of all […]

HANOI, March 20 (Xinhua) — Honda Vietnam is recalling 1,355 cars to repair and replace air bag inflators of several models, according to Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade on Monday. Specifically, cars in models of Honda Civic, Honda CR-V, and Honda Accord manufactured in 2012 are applicable for the […]

BEIJING, March 20 (NsNewsWire) — Vice Premier Zhang Gaoli said Sunday that China should increase supply-side structural reform to stimulate growth and improve market vitality. He made the remarks at the opening ceremony of China Development Forum 2017 (CDF) in Beijing, reports Xinhua. Zhang highlighted the basic tone of “seeking progress while maintaining stability” and […]

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 […]

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 […]

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 […]

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 […]

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 […]