Category: PREMIUM

Posted in DATA NEWS PREMIUM

Home mortgage rates in some Chinese cities decline after climbing for months

Home mortgage rates in some Chinese cities decline recently after climbing for months, which some believe is a…

Posted in PREMIUM

PBOC pledges more efforts to keep steady credit growth, fuelling expectations for loosening credit condition

Chinese central bank said in a recent meeting that “more efforts are needed to keep steady credit growth,”…

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Pinduoduo reports 89 per cent jump in sales, pledges $1.5 billion profits to Chinese farmers

Pinduoduo posted its first-ever quarterly net profit as a public company and pledged on Tuesday to donate those…

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China’s coke, coking coal, thermal coal futures jump amid growing market concerns over shortage

China’s benchmark futures of thermal coal, coking coal and coke futures all hit limit-up on Monday driven by…

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China’s LNG prices more than doubled on year driven by surging international prices, strong demand in traditional low season

China’s liquefied natural gas (LNG) prices hit 5,462 yuan per tonne on August 13, jumping 113.86 per cent…

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JD.com beats second-quarter estimates, adds record new users amid regulatory tightening

Chinese e-commerce giant JD.com Inc on Monday reported stronger-than-expected earnings for the second quarter through June and told…

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Crude steel output at China’s five major hubs declined amid production cut campaign, weaker demand

Crude steel output in China’s five major steelmaking hubs declined in July from a year earlier amid the…

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Auto chip crunch more severe than expected, impact on China’s auto industry to last until next spring

The global chip shortage continues to impact carmakers in China and the rest of the world, forcing some…

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China keeps benchmark lending rates unchanged for 16th consecutive month, more RRR cut expected later this year

China maintained its benchmark lending rate unchanged in August for the 16th consecutive month, in line with market…

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Chinese regulators summon Evergrande executives, urge them to keep operations stable, resolve debt risks

Chinese regulators on Thursday summoned executives of China Evergrande Group, the country’s most indebted property developer, amid market…

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China port congestion worsens as ships divert away from partially shut Ningbo port

The partial closure of the Ningbo-Zhoushan Port, the world’s largest port by cargo throughput, is worsening congestion at other Chinese…

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China’s top leaders pledge efforts to promote “common prosperity”, prevent financial risks

Chinese President Xi Jinping emphasized the need to support moderate wealth for all, or the idea of “common prosperity” and pledged…

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China home price growth slowed across large and smaller cities amid tightening property curbs

China’s home price growth slowed in July across large and smaller cities as the government stepped up regulations…

Tencent posts first quarterly profit drop in 13 years
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Tencent posted 29% growth in Q2 profit boosted by gaming and advertising business

Chinese social media and gaming giant Tencent Holdings posted a 29 per cent rise in second-quarter profit boosted by an…

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China’s crude steel output fell in July for first time this year, iron ore dropped 36% from recent high in May

China’s crude steel output declined in July for the first time this year amid weaker demand from downstream…

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China releases new rules on unfair internet competition amid tightening scrutiny on tech sector

China’s top market regulator on Tuesday released draft rules targeting unfair competition and use of data amid the…

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China’s power crunch may curb aluminium production, July output hit lowest since October 2020

China’s surging electricity consumption and resulting power crunch is expected to curb aluminum production this year and domestic…

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Second-hand home sales in Shenzhen tumbled 80% on year to hit 17-month low in July, price fell for third straight month

Second-hand home sales in China’s southern technology hub of Shenzhen tumbled by more than 80 per cent on…