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Online retail sales up by 17.8% in first half

Source:

Friday, August 16, 2019

China, the world's second-largest economy, is actively embracing the burgeoning e-commerce sector, generating 4.82 trillion yuan ($683 billion) in online retail sales during the first six months of this year. Online retail sales surged 17.8 percent year-on-year in the first half, accounting for nearly 20 percent of the overall retail sales of consumer g ...
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Oil prices decline amid recession concerns

Source:

Friday, August 16, 2019

Oil prices declined on Thursday, extending previous session's loss as investors continued to worry about possible economic recession. The U.S. Treasury yield curve temporarily inverted on Wednesday, with two-year note yields exceeding 10-year yields, signaling growing concerns over a recession in the world's biggest economy. Market participants wer ...
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Japan becomes largest foreign holder of U.S. Treasuries

Source:

Friday, August 16, 2019

Japan surpassed China to become the largest foreign holder of U.S. Treasuries in June, with its holdings at the highest level in nearly three years, U.S. Treasury Department said Thursday. Japan's holdings of U.S. Treasuries increased 21.9 billion U.S. dollars in June to reach 1.1229 trillion dollars, according to data from the department. It has been m ...
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Hong Kong tycoon on recent social unrest: 'stop anger in the name of love'

Source:

Friday, August 16, 2019

Hong Kong tycoon Li Ka-shing called all anger to stop in an advertisement with the message "Stop anger in the name of love" aimed at recent violence that's erupted during Hong Kong protests. The advertisement was published on Friday by some newspapers in China's Hong Kong Special Administrative Region, including Ta Kung Pao, Wen Wei Po, and Hong Kon ...
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Chinese new subway cars start operation in U.S. Boston

Source:

Thursday, August 15, 2019

New subway cars built by a Chinese company for Boston residents started their first run in the U.S. city of Boston on Wednesday. The first 6 of 152 cars started running on the Orange Line of Boston's subway system MBTA in the morning. For Boston residents, the new cars will increase the capacity of the line by 30,000 seats daily when all of them are fu ...
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Tencent posts 21 pct revenue growth in Q2

Source:

Thursday, August 15, 2019

China's internet giant Tencent on Wednesday reported strong second-quarter earnings, with revenue reaching 88.8 billion yuan (about 12.7 billion U.S. dollars), up 21 percent year on year. Profit attributable to equity holders for the period rose 35 percent year on year to hit 24.1 billion yuan. Total revenue and profit attributable to equity holders fo ...
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China weathers trade headwinds with greater economic resilience

Source:

Thursday, August 15, 2019

China's economic resilience again defied doom-mongers' projections as the country's steady upward momentum is well-positioned to withstand external pressure. "Facing mounting challenges home and abroad, the Chinese economy continued to operate within a reasonable range with steady upward momentum in July," Liu Aihua, spokesperson of the National ...
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US Treasury yield curve inverts as recession fears grow

Source:

Thursday, August 15, 2019

The U.S. Treasury yield curve temporarily inverted on Wednesday, with two-year note yields exceeding 10-year yields, signaling growing concerns over a recession in the world's biggest economy. The inversion, which happened for the first time since June 2007, is widely viewed as an indicator for a looming recession. In the past 50 years, the curve has in ...
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China consumer trend index remains at high level in Q2: report

Source:

Wednesday, August 14, 2019

BEIJING - An index measuring China's consumer confidence remained at a high level in the second quarter of 2019, a research report showed. The country's consumer trend index stood at 115 points in the second quarter, similar to that of the last quarter, according to the report prepared by global measurement and data analytics company Nielsen. Index ...
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More than 12.8M people affected by Typhoon Lekima

Source:

Wednesday, August 14, 2019

Some 12.88 million people in nine provincial-level regions of China had been affected by Typhoon Lekima as of 4 p.m. Tuesday, the Ministry of Emergency Management said. About 2 million people in the provinces of Zhejiang, Jiangsu, Shandong, Anhui, Fujian, Hebei, Liaoning and Jilin as well as the city of Shanghai had been relocated, the ministry said. Nearl ...
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Oil prices decline amid recession concerns

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Online retail sales up by 17.8% in first half

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BookstoreMore ..

Urbanization

Author:

Chen Gong

Publisher:

17 Days of the Disappearance of MH370

Author:

Chen Gong

Publisher:

THINK LIKE ANBOUND: UNDERSTAND CHINA AND THE WORLD

Author: Chen Gong and Others

Publication Date:November 2017

Publisher: China Financial & Economic Publishing House

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