Alibaba Taps ‘She Power’ In Entrepreneurship
The rapid development of new technology and the widespread use of the Internet will help more Chinese women to become entrepreneurs, a conference packed with famous names was told on Wednesday.
Emerging Markets
Copper and Base Metals Falls On Strong USD and Weak Chinese Data
Copper, along with several of the other principal base metals fell sharply this week as a resurgent US dollar drove many commodities lower, with both gold and silver also selling off strongly. For the base metals market it was Nickel which saw the most dramatic price moves, falling over 5.5% with copper and zinc both falling over 2 %, with tin one of the few commodities closing higher.
More Countries Say To Join China-led AIIB
The AIIB has drawn a cool response from the United States, despite which European US allies including Britain, France, Germany and Italy have already announced they would join the bank.
CNPC’s Oil Project In Xinjiang Welcomes Investors
The resource-rich Xinjiang Uygur autonomous region in western China will become the center of state-owned energy companies’ reform this year with the launch of a pilot project by the country’s biggest oil and gas producer in the area.
Europe Likely To Send Hot Money To China
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon.
China And Asia Said To Lead ETFs
China and Asia are expected to lead the growth of exchange-traded fund markets in the next five years as the ETF markets continue to open amid an improving regulatory environment, a report said yesterday.
China Cuts RRR by 50 Basis Points
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.
China’s Economic Structure Improves In 2014
China made progress in improving its economic structure in 2014, though its annual economic growth rate came in at a 24-year low, the country’s statistics authority said Tuesday.
Crude Oil Falls Below $60 After Short Rally
This week, Russian President Vladimir Putin assured markets that the Russian economy could withstand the drop in prices despite the ruble’s recent fall.
Falling Oil Price Benefits Chinese Consumers
Mohit Jayachandran is breathing a sigh of relief. The 30-year-old engineer with Fluor Daniel, a multinational engineering and project management company in Gurgaon, near India’s capital New Delhi, says he will be having a decent end-of-year vacation this time, after a long year.