equipment
chinese machinary      chinese equipment      
Main page | News | Guestbook | Contact us
Русская версия

Products:
Mini-factories
Transport
Equipment
Instruments
Food products
Building materials
Leisure and garden inventory
Medicine and public health
Gas and gas equipment
Oil equipment
Chinese Silk
Underwear, T-shirts
Various production line by Customers order
Silver coins
SERVICES
Safety
ABOUT US

Contact us
Tel: +86 13903612274
Email: mega@asia-business.biz

News from China
White sugar options start trading in Zhengzhou
20th April 2017

 CHINA’S second commodity options, white sugar options, started trading on Zhengzhou Commodity Exchange yesterday.

 
“Businesses can now use a combination of investment tools including spot contracts, futures contracts and options to manage risks more effectively,” said Ma Wensheng, chairman of Xinhu Futures, a Shanghai-based futures brokerage.
 
Unlike futures contract, options give investors the right but not the obligation to buy or sell the underlying assets at a predetermined price, effectively giving investors some insurance against future price volatility.
 
The white sugar options are China’s second commodity options after soybean meal, currently trading on Dalian Commodity Exchange.
 
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said the financial instrument will facilitate the health of the sugar industry, benefiting 40 million sugar cane farmers in remote and poor regions.
 
As demand for commodity derivatives rises, more futures and options products will be launched, Fang said.
Source: Shanghai Daily, April 20, 2017
IMF raises China’s growth forecasts
19th April 2017

 THE International Monetary Fund yesterday raised forecasts for China’s economic growth in 2017 and 2018, citing expectations of continued policy support, but warned of potential disruptions in the medium term unless the country reduces its reliance on rapid credit growth.

 
The IMF upgraded its estimate for China’s 2017 growth to 6.6 percent from 6.5 percent, which it made in January.
 
It also raised its forecast for growth next year to 6.2 percent from the previous 6 percent.
 
While higher, the IMF estimates would equate to a slowdown from current growth rates.
 
China’s economy grew by a faster-than-expected 6.9 percent in the first quarter of this year, fueled by robust bank lending, higher government infrastructure spending and a housing market that is showing signs of overheating.
 
The IMF said China has made some progress in reducing its industrial production overcapacity, but noted that the economy continues to rely on government stimulus and rapid credit expansion to maintain growth.
 
The report cited China’s “policy preference for maintaining relatively high GDP growth,” but warned of the consequences of unbalanced growth in the medium term.
 
“The resulting persistent resource misallocation, however, raises the risk of a disruptive adjustment in China in the medium term,” which could also be exacerbated by continued capital outflows, the report said.
 
Despite vows from policy-makers to rein in financial risks and pursue more sustainable growth, China continues to depend heavily on debt and public spending to drive growth.
 
Total new credit to the economy, which includes bank lending as well as other forms of credit, rose by a record 6.93 trillion yuan in the first quarter, data showed last week.
 
Coming after China’s record 17.8 trillion yuan (US$2.6 trillion) in credit last year, analysts are skeptical that policy-makers will be able to wean the economy off years of debt-fueled growth and still hit official growth targets.
 
The Bank for International Settlements in September warned excessive credit growth in China is signaling an increasing risk of a banking crisis in the next three years.
 
China’s debt-to-GDP ratio rose to 277 percent at the end of 2016 from 254 percent the previous year, with an increasing share of new credit being used to pay debt servicing costs, according to an estimate from UBS.
 
The IMF raised its forecast for global growth for 2017 to 3.5 percent from 3.4 percent but left its estimate for 2018 growth unchanged at 3.6 percent.
Source: Shanghai Daily, April 19, 2017
Output of shale and natural gas rises
18th April 2017

 CHINA’S shale gas production surged in March while natural gas output also expanded, indicating improved energy structure as the country shifts away from reliance on traditional energy sources.

 
Shale gas output jumped 50.4 percent year on year to 1.15 billion cubic meters in March, according to National Bureau of Statistics data yesterday.
 
In the first quarter, shale gas output surged 17.4 percent year on year to 2.67 billion cubic meters.
 
The fast growth was fueled by increased production by the Changning-Weiyuan national-level shale gas pilot zone in Sichuan Province, run by China National Petroleum Corp.
 
China has been trying to improve its energy structure, shifting away from traditional energy sources such as coal. Breakthroughs have been made in shale gas exploration in capacity and drilling techniques, making China one of the top shale gas suppliers in the world.
 
By 2020, the proved reserves of shale gas will surpass 1.5 trillion cubic meters, according to plans released by authorities at the beginning of the year.
Source: Shanghai Daily, April 18, 2017
CSRC urges bourses to supervise listed firms
17th April 2017

 STOCK exchanges should conduct supervision over listed firms more proactively, China’s securities watchdog said.

 
It is the responsibility of stock exchanges to be supervising IPOs, mergers and the reorganization and delisting of listed firms, said Liu Shiyu, chairman of the China Securities Regulatory Commission.
 
“All players are subject to the supervision of stock exchanges, not only members and listed firms, but also intermediary institutions such as accounting firms,” Liu told a general meeting of the Shenzhen Stock Exchange on Saturday.
 
Liu pointed out that stock exchanges have the advantages of offering more comprehensive and effective supervision on listed firms.
 
“Stock exchanges should punish market irregularities without mercy,” Liu added.
Source: Shanghai Daily, April 17, 2017

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178