China's stock market slipped on Friday, as the country reported the economic growth is in accordance with analysts prediction. While investors expected a stronger result.
China
China Returns U.S. Drone Taken In South China Sea
After the talks between China and the United States have been completed, the underwater drone seized by a Chinese naval ship in South China Sea will be returned to the U.S.
Pentagon Announces China Agrees to Return Seized Drone, Ending Standoff
China Agrees to Return Seized Drone, Ending Standoff, Pentagon Says Saturday, Pentagon said that Beijing had agreed to return an underwater drone seized by China in international waters, an indication that the two countries were moving to resolve an unusual incident that risked sharpening tensions in the run-up to the inauguration of President-elect Donald J.
Japan Has More Support Ready For Philippines Compared To China
Japan is making Philippines feel how reliable they are as it enters deal of maritime defense with Duterte's country.
China And Philiipines Opt To Set Exploration Deals
After dispute in the Scarborough Shoal, China and Philippines are opening both doors for good trade relationship.
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Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.
China Securities Finance Corp (CSF), usually called by its nickname King, has disclosed trading secrets. CSF has invested in over 600 firms, ranking among the top 10 shareholders.
Demand for steel across the globe is expected to decline 0.8% to 1,488 million tonnes in 2016, according to the World Steel Association. The association expects steel demand in China, the largest consumer, to fall 4% in 2016 tailed by a 3% decline in 2017, reaching 626.1 million tonnes in 2017.
As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.
Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.
Chinese stocks rose on Monday over the belief that lenient inflation data would promote policymakers to elevate the economic condition by additional financial easing. The benchmark Shanghai composite Index in China ended the trading session at 30333.96.
China's oil giant reported a 67% drop in profit. PetroChina reported its worst profit in 15 years which brought liability to $162 billion.
Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.
The steel industry of China is expected to shrink rapidly, stopping global price fall. The steel industry across the world is fighting the problem of over production as demand weakens in China.
