It is the largest stock market listing since Chinese online retailer Alibaba raised $25bn in New York in 2014.PSBC is China’s fifth largest lender, but the biggest by number of branches.The majority of shares in the state-owned bank will be bought by so-called cornerstone investors, suggesting weak demand from traders.Cornerstone investors subscribe ahead of the stock market listing to buy a certain number of shares and in return agree to hold them for a minimum period of time.While initially used to draw in big investors, cornerstones are now largely seen as a way of limiting the risk that th...
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2016
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More and more factories in China are using robots on the assembly lines to replace workers who demand high salaries.Factories have struggled to keep up with overseas orders due to the rising labour cost and instead opted for machines, according to a report by China Central Television Station(CCTV).One boss, from Guangdong Province, said his factory started using robots after they realised the labour cost in China was twice as much as that of Mexico and four times as that of India.A reporter from CCTV visited two robot-equipped factories, both situated in Guangdong Province.The region, located ...
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2016
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China’s imports rose 1.5 percent in August, marking the first increase in almost two years, while exports dropped 2.8 percent, indicating the world’s second-largest economy is on the path to improvement.The rise in imports to $138.5 billion ended a steady 21-month decline. Coupled with the drop in exports to $190.6 billion, the numbers show an increased domestic demand for goods in China.Should the trends keep pace in the future, China’s increased domestic demand could bode well for global economic growth, which the IMF called “lackluster” in its most recent economic outlook update, and assuag...
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2016
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China has topped the foreign investors line-up of power sector of Myanmar for four months of this fiscal year 2016-2017, official media reported Thursday.China invested in five projects in electric sector worth with 1.3 billion US dollars, followed by Singapore with 570 million US dollars in four projects, according to an official of the Directorate of Investment and Company Administration (DICA).There are 39 hydroelectricity projects, five wind power projects and five solar energy projects in Myanmar, which are planned to be implemented under Build-operate-transfer (BOT) and joint venture (JV...
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2016
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The Bureau of Land Management faces a problem and wants to shake up the rules around wind farm approvals. The problem is straight-forward on its face, but difficult to reconcile logically: Why are so few new large-scale wind projects being built?Despite the fact that nearly everyone – environmentalists, government regulators, and business interests –wants to build more wind farms, precious few are making it over the goal line.Since 2009, the Obama Administration has approved 46 wind farm projects that would cover a proposed 216,356 acres of public land. Yet only 15 of these 46 projects have ma...
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2016
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