MARKET

China GDP forecast to grow 6.5%-6.7% in 2017

China's economic growth will continue to advance steadily in 2017, and the country isexpected to deepen reforms to tackle remaining challenges, experts said. 

China industrial profit growth rises 9.8 pct

China's combined industrial profits rose 9.8 percent year on year in October, up from 7.7 percent in September, official data showed Sunday.

Shenzhen-Hong Kong Stock Connect launches Dec. 5

China's stock connect between Hong Kong and Shenzhen will commence on December 5, allowing investors to buy and sell shares on each other's bourse, as part of the latest move to improve connectivity between the two capital markets.

RMB depreciation helps curbing asset bubbles: expert

A Chinese expert said on Wednesday (Nov. 23) the slips of the central parity rate of Chinese yuan, or RMB, against the U.S. dollar in the past days would help curbing asset bubble in China.

Sinograin combines cotton SOE after year-long plan

China National Cotton Reserves Corporation (CNCRC) has become a wholly-owned subsidiary of China Grain Reserves Corporation (Sinograin), China's state-asset watchdog said in a statement on Wednesday (Nov. 23).

China Hushen 300 index futures open higher Wednesday

China's key Hushen 300 index futures opened higher on Wednesday, as the contract for settlement in December opened 0.4 percent higher at 3,456.6 points.

Chinese yuan breaks 12-day losing streak

As of Monday (Nov. 21), the central parity of the yuan against the dollar weakened for the 12th day in a row, to 6.8985, the lowest in more than eight years, according to the China Foreign Exchange Trading System.

COMPANIES

Chinese train manufacturer wins contract for Australian metro

A metro project in Melbourne, Australia worth 2 billion AUD (about 1.5 billion USD) has been given in part to CRRC Changchun Railway Vehicles, a subsidiary of Beijing-based CRRC Corporation.

Three smartphone vendors increasing sales in Q3

Chinese smartphone makers were the only vendors in the global top five to increase sales in the third quarter of this year, said an American advisory company. They are Huawei, Oppo and BBK Communication Equipment.

Chinese travel service provider to buy Skyscanner

China's leading online travel service provider Ctrip.com declared on Wednesday that it has struck an acquisition agreement with major shareholders of Edinburgh-based Skyscanner Holdings Limited. The value of Skyscanner is estimated to be 1.4 billion pounds (approximately 12 billion Yuan).

Chinese private enterprises' young heirs debut

Chinese private enterprises are gradually entering leadership transfer phase as it’s been over 30 years since China’s reform and opening-up in 1978.

Post-1985 daughter inherits Metersbonwe leadership

30-year-old Hu Jiajia started serving as the chairwoman and president of Metersbonwe, China's leading casual wear apparel company, according to a notice published by the company on Monday evening.

POLICY

China’s airports to introduce one-pass check in

China’s airports will adopt the “one-pass” check in and boarding as from the beginning of next year, officer from International Air Transport Association (IATA) revealed on Tuesday (Nov. 22).

China's cities produce 185 mln tonnes of household garbage in 2015

China's 246 big- and medium-sized cities produced 185.64 million tonnes of household garbage last year, a report said on Tuesday (Nov. 22). Beijing was the largest producer of household garbage, followed by Shanghai, Chongqing, Shenzhen and Chengdu, according to the report issued by the Ministry of Environmental Protection.

Beijing takes stricter measures to tackle air pollution

According to the newly revised “Beijing Heavy Air Pollution Emergency Response Plan”, starting from Dec. 15th, 2016, when air pollution hits orange or red alert, light gasoline vehicles of China I and II Emission Standards shall be banned throughout the city.

Shijiazhuang takes rigid measures to curb air pollution

According to a notice issued by the capital city of north China's Hebei Province, all the pharmaceutical companies in the city had been halted from production and shouldn’t been resumed without a government’s approval.

INVERSTMENT

China to embrace commercialized 5G service by 2020

Commercialization of 5G is to boost relevant emerging sectors, such as bigdata, cloud computing, artificial intelligence and more.

Trading volume of CSC exceeds 10 billion Yuan

The trading volume of China State Construction (CSC) (601668.SH) amounts to 12.5 billion Yuan and 15.9 billion Yuan on Monday and Tuesday, respectively.

China upholds open environment for digital economy, Vice Premier

China is committed to creating an open environment for digital economy and is willing to work with international community to discuss rules for digital economy-related issues, said Chinese Vice Premier Wang Yang on Tuesday.

Nestle to source more coffee from Yunnan

Nestle will buy 13,500 tons of coffee beans from south China's Yunnan province this year as the global food giant seeks to develop ties with the coffee-growing region.

New policy to benefit investment

China's central bank will allow qualified international employees working in China (Shanghai) Pilot Free Trade Zone to open overseas personal free trade accounts, as part of a series of reforms encouraging innovation and cross-border investment.

CHENGDU OPENING UP

Chengdu to host 2016 China Listed Company Leaders Summit

The annual grandeur event in the financial sector- “2016 China Listed Company Leaders Summit” will be held in Chengdu from the coming Thursday to Saturday. At such peak moment of this year, hundreds of leaders from China’s financial fields and capital circles will gather together to forecast China’s economic trends in 2017 and inspect the development and innovation in special fields in 2017.

Will Chengdu China’s next first-tier city?

The most possible prophecy for the next first-tier city in China is – Chengd

The Sichuan province’s capital city tops the 2016 China’s emerging first tier-cities list which was published by Yicai Media Group.

Chengdu to host Creativity and Design Week

The 2016 Chengdu Creativity and Design Week(CCDW), with a theme of "Inspiration Chengdu, Wonderful Life", will kick off on Friday.

Int'l ties fuel up Chengdu’s opening up

Backed by the central government's strategy to continue the opening-up of western China, Chengdu, a hub city in western China, is expanding its ties with the world.

Sichuan unveils new Airport Economic Zone

According to the Outline published on the local government's website, the airport economic zone consists of parts of Chengdu city and parts of Ziyang city，covering a gross area of 298 square kilometers as designed.