China: Shipbuilder closing down yards to combat overcapacity
COSCO Shipping Heavy Industry Co Ltd, China’s third largest shipbuilder by output, plans to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, its senior executive said on Friday.
China: Bankers see growth slowing, innovation rising
Chinese bankers forecast the nation’s economic growth will be slower in the next three years. Technological innovation will be their new focus, according to a report co-released by the China Banking Association and PricewaterhouseCoopers on Friday.
China: Economy on a strong footing in 2017
Economy-trackers are highlighting facts and figures to indicate that the Chinese economy is entering 2017 on a strong footing, eclipsing last year’s tepid data that roiled financial markets.
China: Growth around 6.5 percent seen for 2017
China’s economy will expand by around 6.5 percent year-on-year in 2017, and consumer inflation will moderately rise to 2.2 percent, according to forecasts in a book released by a top think tank on Dec 19.
China: Steel industry needs market exit mechanism to cut overcapacity
A market exit mechanism must be put in place as the steel industry strives to cut excess capacity, China Iron and Steel Association said.
Marintec China: Slowdown not in evidence as show grows 14%
Shanghai: The final big shipping show of the year launches tomorrow in Shanghai, and by big, we mean...
China: iron ore shortage claims
Iron ore cargo shortage claim dismissed : Chinese court holds carrier only responsible for B/L wet ton quantity