BEIJING (Aug 16): China almost quadrupled the value of fixed-asset investment projects approved in July as Beijing looks to accelerate infrastructure spending to boost the cooling economy.
China gave the greenlight to 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan ($11.24 billion), Zhao Chenxi, an official at the National Development and Reform Commision (NDRC), told reporters on Thursday.
That compared with approvals for 20.8 billion yuan of spending in June, Reuters calculated from official data.
KUALA LUMPUR (Aug 16): Carlsberg Brewery Malaysia Bhd’s (Carlsberg Malaysia) net profit in the second quarter ended June 30, 2018 (2QFY18) rose 4.9% to RM63.91 million from RM60.92 million previously, helped by better performance of its Malaysian and Sri Lankan operations.
The better performance in the two markets mitigated lower profit from the Singapore operations which experienced lower sales, it said, and the year-on-year strengthening of the ringgit against the Singapore dollar in the quarter.
Earnings per share rose to 20.9 sen from 19.93 sen in 2QFY17.
BEIJING (Aug 17): Perhaps nowhere outside America’s heartland is Donald Trump given more credit than in Beijing.
In government offices and think tanks, universities and state-run newsrooms, there is an urgent debate underway about what many here see as the hidden motive for Washington’s escalating trade war against President Xi Jinping’s government: A grand strategy, devised and led by Trump, to thwart China’s rise as a global power.