NBS: China’s Jan-Aug FAI growth slows to 5.3% Sep 14, 2018
China’s fixed asset investment (excluding rural households) grew by 5.3% on year to Yuan 41.5trillion ($6.1trillion) during January to August this year, according to the latest data released by China’s National Bureau of Statistics on September14. Though FAI spending continues to increase, the NBS data show the growth rate slowing
China’s fixed asset investment (excluding rural households) grew by 5.5% on year to Yuan 35.6 trillion ($5.2 trillion) over January to July, according to the latest data released by China’s National Bureau of Statistics on August 14. Growth in the country’s FAI was off by 0.5 percentage point from the level witnessed during January-June and was also the slowest since 1999, NBS said.
POSCO changing course after turning 50 Apr 03, 2018
POSCO, South Korea's largest steel company, marked its 50th anniversary on April 1 by setting out a new vision for the future that will prioritize new business areas such as energy and new materials over its traditional business, steel.
China's lithium-ion battery output up 31.3% in 2017 Feb 27, 2018
China's lithium-ion battery production grew 31.25% on year in 2017 partly due to the country's robust development in new energy vehicles (NEVs), and the battery market is with an even brighter future in 2018 with Chinese government's promotion of NEVs in the domestic market by waiving the 10% tax on NEVs sales over 2018-2020, market sources shared.