Tag «MARKETS»

Shopping spree expects high sales Increasing purchasing power, faster delivery new drivers for e-commerce

Workers sort packages at an express distribution center in Donghai county, East China, Jiansu Province in December, 2018. Photo: CNS December 12 marks the shopping spree of “Double 12,” the follow up to last month’s record-breaking Double 11 festival sequel and one of the most exhilarating shopping welcomed by China’s e-commerce players. Akin to the …

GT Source’s China market news daily wrap-up

Illustration: GT China’s foreign ministry on Tuesday blasted calls in the US for decoupling and other rhetoric promoting confrontation, and stressed the potential for cooperation. The ministry urged the US to drop its cold war mentality and to work with China to build a stable relationship.  China’s new yuan loans hit 1.39 trillion yuan ($197.66 …

Chinese customs returns containers carrying transgenic corn seeds from the US

Staff of Shantou customs in South China’s Guangdong Province quarantine corn seeds in containers. (Photo: Shantou Customs) Chinese customs on Saturday returned 46 inbound containers carrying transgenic corn seeds, originally from the US, media reported. Customs officials in Shantou, South China’s Guangdong Province, found grass, live insects and 50 kilograms of corn seeds during an …

Risk-hedging tool will also benefit traders

Cranes load iron ore at a port in Nantong, East China’s Jiangsu Province. File photo: VCG The Dalian Commodity Exchange (DCE), a major commodity bourse in China, launched iron ore options on Monday. The move comes as the world’s top steel-producing country – also the largest consumer of raw materials for steelmaking – offers more …

China launches energy transport group to improve efficiency, fairness Overhaul will mean improved market efficiency, fairness: experts

Employees monitor natural gas transmission facilities in Zibo, East China’s Shandong Province. File photo: VCG China officially separated the energy transport business from the big three state oil companies on Monday by establishing a corporation known as the China Oil & Gas Piping Network Corp.  Premier Li Keqiang stressed that the establishment of the new …