Biz China Weekly

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China Focus: Solid economic fundamentals to support yuan's strength

Despite looming depreciation pressure on the yuan, China's sound economic fundamentals are set to determine that the soon-to-be global currency remains stable in the long run.

Financials

Xinhuanet Co., Ltd. debuted on the Shanghai Stock Exchange on Friday with its shares surging to a trade suspension immediately after opening.

In-depth

  • A short-term supply shortage has buoyed up coal prices in China, but the change is not expected to disrupt the government's long-term goal of reducing overcapacity.

  • China's economy has achieved steady growth of 6.7 percent for three consecutive quarters, leading analysts to suspect that there has been a bit of data smoothing.

Industries

China's robot shipments topped 68,000 sets last year, accounting for 26.7 percent of the global market. Asia has become world's largest supplier of industrial robots, taking up 60 percent of the global market.

China is on track to fulfill its annual railway investment target as its fixed-asset investment for the sector hit 542.3 billion yuan in the first three quarters.

Fresh property curbs in China have led speculators to put property purchase plans on hold, cooling a hot housing market.