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BEIJING - Chinese commercial banks reported a net forex purchase in the first half of the year, the first of its kind in three years, the country's forex regulator said Thursday.
BEIJING - China's machinery sector reported better-than-expected performance in the first half of 2017 although high costs and financing difficulties continue to weigh on profits. Profits of machinery manufacturers amounted to 857.6 billion yuan (about 7.6 billion) during January-June, up 14.69 percent year on year, according to the China Machinery Industry Federation (CMIF). The main business revenue came in at 12.51 trillion yuan, rising 11.6 percent from the same period last year, with that in agricultural machinery, combustion engines, construction machinery and instruments all seeing double-digit growth. Chen Bin, deputy head of CMIF, attributed the improvement to business innovation and transformation, as well as a low comparison base last year. But high labor and logistics costs, and financing difficulties were still a trouble for the industry, Chen added.
BEIJING - China's stock market regulator approved 10 IPO applications in the past week.
BEIJING - China's consumer prices will continue to rise in July but the growth rate will likely slow due to tame food prices and a weakening carry-over effect, according to a research note by the Bank of Communications.
BEIJING - China has no conditions for continuous inflation or deflation as the government's macro policies are taking effect, the country's central bank said Saturday.
来源：资阳报