China's outbound M&A activities rebound in Q2: report -- China's outbound mergers and acquisitions (M&A) rebounded in the second quarter of this year with deal value increasing 148 percent quarter on quarter, according to an industrial report. Chinese investors returned to the deal table in the April-June period after a lukewarm Q1 and were the second most acquisitive cross-border nation by value with 94 deals totaling at 35.9 billion U.S. dollars, according to international law firm Baker McKenzie's Cross-Border M&A Index.
China's GDP likely to grow 6.8 pct in Q3: think tank -- China's economy is likely to grow by 6.8 percent year on year in the third quarter, thanks to steady consumption and investment, according to a Chinese government think tank report. The firming trend in the first half of 2017 will continue into the third quarter, according to the Chinese Academy of Social Sciences (CASS), citing steady consumption and robust infrastructure investment. The report forecast that consumption growth will rise around 10 percent and infrastructure investment will grow around 20 percent in the second half of the year.
China's SOEs post steady profit growth in H1 -- China's state-owned enterprises (SOEs) posted steady profit growth in the first half of the year, official data showed on July 25. Total profits of about 1.41 trillion yuan (208.9 billion U.S. dollars) were in the Jan.-June period, up 24.3 percent year on year, according to the Ministry of Finance. Centrally-administered SOEs made about 935.2 billion yuan in profit, up 18.5 percent year on year, while locally-administered SOEs profited over 472 billion yuan, up 37.5 percent compared with H1 2016.
China sees improving employment conditions in Q2: report -- China continued to see improving employment conditions in the second quarter of this year, a private survey showed. The index evaluating job market supply and demand grew from 1.91 in Q1 to 2.26 in Q2, pointing to improving employment conditions, according to a survey jointly conducted by China Institute for Employment Research (CIER) under Renmin University of China and job-hunting website Zhaopin.com.
China's press, publishing industry revenue rises in 2016 -- China's press and publishing industry grossed nearly 2.4 trillion yuan (over 349.48 billion U.S. dollars) last year, up 9 percent from the previous year, the press and publication regulator said on July 24. The profits generated in digital publication stood at 572.09 billion yuan last year, accounting for one-third of the industry's total revenue, according to a report issued by the State Administration of Press, Publication, Radio, Film and Television.
China's LNG imports jump in H1 -- China increased liquefied natural gas (LNG) imports in the first half (H1) of 2017, as part of an effort to clean up its coal-dominated energy mix. The LNG channeled into the world's biggest energy consumer rose 38.3 percent year on year to 15.89 million tonnes in the January-June period, according to data released by the General Administration of Customs on July 23. The growth rate is higher than the 21.2-percent increase registered in the same period last year, partly encouraged by the lowering policy barriers for LNG from the United States to enter the Chinese market.
China to cut power use cost by nearly 100 bln yuan this year -- China's top economic planner said on July 26 that the country's power use cost would be reduced by nearly 100 billion yuan (14.8 billion U.S. dollars) this year due to pricing reforms and fee cancellation. By the end of June, all provincial-level power grids had completed the power transmission and distribution pricing system reform, which aims to remove official interference in price determination and grant the market a decisive role, said Zhang Manying, an official with the National Development and Reform Commission (NDRC).
China's gaming sales up 26.7 pct in H1 -- China'a gaming market sales revenue hit 99.78 billion yuan (14.8 billion U.S. dollars) in the first half of 2017, up 26.7 percent year on year, according to a report released on July 26. China has 507 million gamers, up 3.6 percent year on year, said the report released at China Digital Entertainment Congress. In the first half, mobile game sales accounted for 56.3 percent of the total revenue, up 49.8 percent, it said.
China railway investment up 1.9 pct in H1 -- China's railway investment increased in the first half year and national railway investment is expected to hit a new high in 2017, authorities said on July 26. In H1, fixed asset investment on railways hit 312.5 billion yuan (about 45 billion U.S. dollars), up 1.9 percent year on year, according to the China Railway Corporation (CRC).
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