Sinopec, China National Petroleum Corporation and China State Construction Engineering Corporation ranked as the top three enterprises respectively on the list of top 2017 Fortune China 500 companies, Sina Finance reported. Revenue from Sinopec and China National Petroleum accounted for one tenth of the total 33.54 trillion yuan (US$4.99 trillion) revenue of the 500 listed companies, which increased 9% year on year. See full story.
财富中国500强榜单发布:中石化中石油中国建筑居前三
Foreign investment dips to US$49.2 billion
Foreign Direct Investment (FDI) hit 331.1 billion yuan in the first half of 2017, a sharp 42.9% year on year decrease, Yicai reported. Qian Keming, vice minister of the Ministry of Commerce, said that “irrational” FDI faced restrictions as regulations motivated enterprises back into the real economy.
对外投资断崖式下跌，中企海外并购全面趋理性
Second Ring Road land parcels released in Beijing
Five parcels of land for either residential or commercial use in the Dongcheng District of Beijing will go up for public bid today, Sina Finance reported. It’s the first land supply located within the Second Ring Road in the past five years. A top sales price of 93,521 yuan per square meter for residential buildings was set as the limit, while home prices in the neighborhood have already hit 130,000 yuan per square meter.
北京今日开拍二环宅地 最高限价每平米9.35万元
Li tells telecoms to cut charges, boost data flow
Premier Li Keqiang called for a decrease in charges and an upgrade in speed for data flow in a meeting with China Mobile, China Unicom and China Telecom, the Paper reported. The three state-owned telecommunications giants recently announced they will remove domestic long-distance and roaming charges from September 1 onward.
李克强考察电信移动联通：要在降低流量资费上采取有力措施
GDP growth rate of 21 provinces tops average
The GDP growth rate of China’s 21 provinces outperformed the country’s average in the first half of 2017, Yicai reported. Tibet took the lead with a 10.8 measure, while Chongqing and Guizhou followed with 10.5 and 10.4, respectively, it said.
30省份晒上半年GDP成绩单，21省份增速跑赢全国
Search engine Sogou plans US IPO
Sogou, China’s second largest mobile search engine, has filed documents for a possible initial public offering in the United States, Caixin reported. Sogou’s revenue reached US$211 million in Q2, a 20% increase compared with figures last year, it said.
搜狗将赴美IPO 二季度营收2.11亿美元
Oil industry challenged by age of electric cars
The proportion of oil energy consumption used in China’s transportation sector is expected to see declines starting in 2030, due to the rise of electric vehicles, Yicai reported, citing a report by the China Petroleum and Economic Technology Research Institute. Currently at 90% of consumption, oil remains the main energy source in the sector, but that number is expected to drop to 77% by 2050, the report added.
石油产业迎战汽车电动化
Hong Kong’s second-hand property index on the rise
Hong Kong’s second-hand private residential property index rose to 336.1 in July this year, 21.6% higher than July 2016, Caixin reported, citing data from the Rating and Valuation Department. The index, which measures the price of residential properties over time, has been rising for 15 months, the report added.
香港二手楼价指数连升15个月 创历史高点
Many Rich in the Fortune 500 harbour dream of taikonault shuttle between their business in China and their homes in the West.
To Gordon and cohorts in the West, this is the clearest sign yet of its imminent collapse.
This ruling dudes must have airlight mind in their Eating Air or Makan angin dreams.
Aung San should give up the Nobel Peace prize if she wants to wrestle controls from the national ethnics by more bloodshed and fightings.
Amazon will be busy sending out more mostly China made products through its gigantic warehouse. Sorts of WinWin for everybody – US corporates, Chinese factories and Singaporean consumers.
Trump may have to force the US corporate to shutdown their operations in China. Sounds more like cutting your trumpeter nose to spite the Xi dude.
The turf wars will be raging not only in the better developed Chinese villages but also in the poorest Indian or African village etc.
India will have its all Made in India products
If this does not work, the Koreans will also donate their own gold to save Samsung.
Foxconn head is known a dude that can think like a fox whether it comes to seizing opportunities in China, Japan or US.
Chinese Drone drivers will be like their road users even when regulated.
Better spend big now before no one will buy the dirty energy.
All options will be on the table.
Most likely it will end up sounding like Market with Chinese characteristics.
As long as there is no Gold dinar seduction, the Fed can print to pay off debts with whatever interest rates.
Money printed by the Fed will inevitably find its way into the Emerging market stocks.
Sleeping with the enemy is definitely not the trumpeter wishes.
Trumpeter tax reforms will probably end up with others picking up the tax pieces after no taxes for the one tenth of one percent Americans and their corporations.
Money for the Agency alone is not enough because they must attract the best minds back to do the research.
Easier and faster if US can reverse engineered the Chinese quantum chips.
Most likely UK taxpayers will end up subsidizing the users of the likes like Telsa, Volvo etc.
Subsidies to defence companies would sound okay if their ultra expensive products can also work properly.
If it is not genuine reform, it will be more like giving the SOEs another high sounding name.
If it is too big to fail, everyone can get over enthusiatic.
Sanctions is another name for Wars.
No blood will be shed if all can talk only about the WinWin extractions.
Whatever the bonds the banksters create, they will create more cash, credits and profits for the banksters.
Intel may end up as Harvard’s One trick pony study case.
There are now more smartphones than population in this earth.
There is many ways for the Republicans to skin the Obamacare cat.
If provoked, the Mad Kim may lash out widely.
Luckily that the US did not invest more heavily on rails.
Everyone will be prospering without ends if more and more Fed printing keeps flowing into the US stock market.
The PBOC must keep on squeezing the bubbles and, not just holding on to their policy.