Chinese steelmaking raw
materials futures advanced on Thursday, with coking coal up 5%,
fuelled by hopes of recovering steel production after stringent
curbs in the first 11 months of the year. . | December 16, 2021
China will set up new central government-owned conglomerates focussing on strategic emerging industries at an appropriate time, the State Assets Supervision and Administration Commission said on. | August 19, 2021
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SHANGHAI, June 5 (Reuters) - Foreign investors held a record
amount of Chinese yuan bonds at the end of May, official data
showed, as a strengthening yuan increased the appeal of Chinese
assets.
Holdings by offshore investors of bonds traded in China s
interbank market stood at 3.68 trillion yuan at
the end of May, according to Reuters calculations using data
released on Friday evening by China Central Depository &
Clearing Co and the Shanghai Clearing House.
That was up 1.7%, or 61.47 billion yuan, from a month
earlier.
Offshore investors held a record 2.12 trillion yuan of
Chinese government bonds at the end of May, up 1.2% from April
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SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp reported first-quarter revenue growth of 55% on Wednesday, exceeding analyst expectations as it nabbed market share from one-time sector leader Huawei Technologies Co Ltd.
Revenue rose to 76.88 billion yuan ($12 billion) in the quarter ended March 31, from 49.70 billion yuan a year earlier. Analysts expected revenue of 74.5 billion yen, according to Refinitiv data.
Adjusted net profit rose to 6.1 billion yuan, versus market estimates of 3.97 billion yuan.
Xiaomi s share of the smartphone market in China increased 75% year-on-year in the quarter ended late March, according to research firm Canalys, as Huawei retreated from the market following U.S. trade restrictions that crimped its ability to source key components for its handsets.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world s second-biggest economy planned a careful course. | March 10, 2021