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CHINA Construction Bank Corp., the nation’s second-largest lender, reported a 5% increase in profit last year, improving its buffer against a potential surge in credit losses as the coronavirus outbreak halted the world’s second-largest economy at the start of 2020.
BEIJING: China Construction Bank, one of the country's largest state-owned commercial banks, saw a 4.74% year-on-year rise in net profits in 2019.
SHANGHAI: GCL System Integration Technology Co. plans to build the world’s biggest solar-panel manufacturing plant, with capacity to meet half of global demand.
CHINA'S trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.
BEIJING (Xinhua): China's four major telecom firms are planning to spend 197.3 billion yuan (US$27.8 billion) on 5G technology in 2020 as the country seeks to deploy "new infrastructure" projects to offset the economic impact of the novel coronavirus outbreak.
REVIEW: “Relief measures” to protect the economy from the damage of Covid-19 led to the unveiling of Malaysia’s second stimulus package, and on the global stage, the passing of a mammoth US$2 trillion package by the US Congress.
BEIJING: China’s big banks posted record earnings last year, beefing up their capacity to cope with the virus outbreak that is threatening to throw the nation into the worst economic slump in four decades.