China's PMI rebounds as economy continues expansion

China's PMI rebounds as economy continues expansion

China's manufacturing and service sectors registered faster growth in their business activities in March, as production and demand increased following the Spring Festival holiday, according to data released on Wednesday.

Macro

China's first-tier cities tighten real estate policies

China's first-tier cities tighten real estate policies

Under the principle that housing is for living in, not for speculation, real estate control measures across China are gradually evolving to tackle housing problems in big cities.

Financials

Companies

China approves merger of two state-owned chemical giants

China approves merger of two state-owned chemical giants

China has approved the restructuring of Sinochem Group and ChemChina Group, according to the country's top state assets regulator.

Huawei posts steady growth in 2020

Huawei posts steady growth in 2020

Chinese hi-tech giant Huawei saw steady growth in 2020, with its global sales revenue posting a year-on-year rise of 3.8 percent to 891.4 billion yuan (about 136.1 billion U.S. dollars).

China's top liquor brand targets 10.5-pct revenue growth for 2021

China's top liquor brand targets 10.5-pct revenue growth for 2021

China's leading liquor maker Kweichow Moutai has set its revenue growth target for 2021 at around 10.5 percent compared with last year.

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