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January, 17, 2017

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China > Business
The overheated residential property markets in 15 key cities in China "obviously cooled down" in November, said a research report from the National Bureau of Statistics on Monday, based on housing price data from 70 monitored cities.
 
Information technology-based solutions can help Chinese companies boost product quality, efficiency, innovation and counter challenges such as rising labor costs´╝Źto pursue their goals opened up by the Made in China 2025 strategy, a leading international industry executive said.
 
Industrial and Commercial Bank of China (ICBC), the country's biggest lender, said on Monday it has agreed to conduct a 5 billion yuan ($720 million) debt-for-equity swap with cement producer Jindong Development Group.
 
China has offered the Philippines guns and equipment worth US$14 million to wage its war on drugs and combat terrorism, Manila's defense minister said Tuesday, as ties improve under President Rodrigo Duterte.
 
Trade war would hurt everyone, Beijing says
China hopes there will not be a trade war with the United States, which would harm not only the interests of the world's two biggest economies, but that of the whole world, Vice-Minister of Finance Zhu Guangyao said.
 
Returns rising from manufacturing ODI
The returns earned by Chinese companies from investments in overseas manufacturing this year are estimated to have risen by 19.8 percent year-on-year, to $225 billion, according to a senior official.
 
In China and the Asia-Pacific region, inveterate wealthy fliers are fast upgrading to small- and mid-size jets for purposes as varied as tourism and business travel.
 
Meitu debut less than flashy
The mainland's selfie app developer Meitu Inc made its debut on the Hong Kong Stock Exchange on Thursday, marking the biggest technology initial public offering in HK in nearly a decade.
 
China faces a shortage of pilots and exclusive airports for business jets. Experts said the industry needs to respond to the situation soon as the business aviation segment continues to grow. The gap has already increased pressure on the growth of the segment.
 
FDI from the US rises 55.4 percent
Foreign direct investment from the United States and the European Union surged by 55.4 percent and 43.9 percent, respectively, between January and November, the Ministry of Commerce said on Thursday.
 
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