Chinese market

Chinese firm turns panda poop into toilet paper

Beijing - Muslimchronicle

When life gave one Chinese company giant panda poop, it decided to make paper -- and profits. The Qianwei Fengsheng Paper Company in southwest Sichuan province has teamed up with the China Conservation and Research Center for the Giant Panda to recycle the animal's faeces and food debris into toilet paper, napkins and other household products, state media reported Wednesday. The goods,Read more

Beijing, Shanghai shut down bitcoin exchanges: media

Beijing - Muslimchronicle

Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money. A Beijing-based regulator required all exchanges in the city to submit a plan by 6:00 pm on September 20 for winding down their operations, according to the official XinhuaRead more

Asia and the Saudi Aramco IPO

Riyadh - Arab Today

What can Asia offer the largest expected initial public offering (IPO) in history — that of Saudi Aramco? King Salman’s month-long tour of Asia ended with a more-than-successful visit to China, the largest energy consumer in Asia and the second-largest crude oil consumer in the world after the US. Wherever the king went in Asia, Saudi Aramco seemed to beRead more

China, Chile Agree to Initiate Talks on FTA Upgrade

Santiago - QNA

China and Chile agreed to start negotiation on upgrading their Free Trade Agreement (FTA). The announcement was made during Chinese President Xi Jinping's state visit to the Latin American nation, according to China's (Xinhua) News Agency. According to a joint statement issued after Xi's meeting with his Chilean counterpart Michelle Bachelet, the two heads of state spoke highlyRead more

Hyundai Production Capacity to Reach 2.7 Million Vehicles Per Year in China

Seoul - QNA

South Korea's top automotive group Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said Tuesday. The plan was announced at a ceremony, marking the construction of a new production facility in Cangzhou, Hubei Province. "As a symbolRead more

South Koreans' Trading of Foreign Shares Dips 16% in H1

Seoul - QNA

South Koreans' direct trading of foreign stocks fell considerably in the first half of the year due to a sharp drop in investment in the Chinese market, data showed Sunday. The total transaction volume of foreign shares by South Koreans came to US$6.23 billion, or around 7 trillion won, during the January-June period, state news agency (Yonhap) reported. It marksRead more