Tag: China

Thursday, March 14th 2019 - 09:46 UTC
China's industrial growth output fell to a 17-year low in Jan/Feb

Growth in China’s industrial output fell to a 17-year low in the first two months of the year, pointing to further weakness in the world’s second-biggest economy that is likely to trigger more support measures from Beijing.
Thursday, March 14th 2019 - 07:53 UTC
Beijing offers to help Venezuela restore its power grid

China offered on Wednesday to help Venezuela restore its power grid after President Nicolas Maduro accused U.S. counterpart Donald Trump of cyber “sabotage” that plunged the South American country into its worst blackout on record.
Tuesday, March 12th 2019 - 11:33 UTC
FAA says Boeing 737MAX8 model is airworthy but US Transport Secretary calls for “appropriate action”

The US Federal Aviation Administration has told airlines it believes Boeing's 737 Max 8 model to be airworthy, after two fatal crashes inside six months. An Ethiopian Airlines plane en route from Addis Ababa to Nairobi crashed six minutes after take-off on Sunday, killing all 157 people on board. The incident followed Lion Air 737 Max 8 crash in October that killed 189.
Tuesday, March 12th 2019 - 08:24 UTC
Chinese tourists did 150 million outbound trips in 2018

A total of 149.72 million outbound trips were made by Chinese tourists in 2018, up 14.7% from the previous year, the Ministry of Culture and Tourism announced, Trend reported citing Xinhua.
Monday, March 11th 2019 - 08:50 UTC
China orders the grounding of all Boeing 737 MAX

China's aviation regulator said on Monday (Mar 11) it had ordered Chinese airlines to suspend their Boeing 737 MAX aircraft operations by 6pm following a deadly crash of one of the planes in Ethiopia.
Friday, March 8th 2019 - 09:05 UTC
China's exports tumble 21% during February, largest decline since 2016

China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.
Wednesday, March 6th 2019 - 08:20 UTC
China's National Congress told the economy faces a “tough struggle ahead”

China's number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world's second-largest economy. Opening the annual session of China's parliament, he forecast a slower growth of 6% - 6.5% this year, down from a target of around 6.5% in 2018.
Tuesday, March 5th 2019 - 09:55 UTC
World markets fall as China cuts its economic growth target

Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.
Saturday, March 2nd 2019 - 01:14 UTC
Uruguay’s Chancellor on Venezuela: “We have a problem and it is the attitude of Luis Almagro”

The Minister of Foreign Affairs of Uruguay, Rodolfo Nin Novoa, ratified his position on Friday on a peaceful solution to the political and institutional crisis suffered by Venezuela along with his Italian counterpart, Enzo Moavero Milanesi in Montevideo. The Uruguayan chancellor questioned the attitude of the secretary general of the Organization of American States (OAS), Luis Almagro, considering that he took sides on the Venezuelan conflict.
Thursday, February 28th 2019 - 09:10 UTC
China's manufacturing activity shrinks for a third straight month in February

China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed on Thursday. The Purchasing Managers' Index (PMI), a gauge of factory conditions, came in at 49.2 for the month, down from 49.5 in January, according to the National Bureau of Statistics (NBS).