Chinese Premier Li Keqiang gave a speech at the opening ceremony of the annual Boao Forum for Asia in China’s southern Hainan province on Thursday. Photo: Winson Wong

Chinese Premier Li Keqiang talks up ‘steady’ and ‘positive’ economy, as crunch US-China trade war talks kick off in Beijing

  • Speaking at Boao Forum for Asia, China’s premier remained upbeat about the Chinese economy as he promised further relaxation of foreign investment rules
  • Comments came as US and Chinese negotiators began two days of talks in Beijing in an effort to end the trade war
Topic |   Boao Forum for Asia

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Chinese Premier Li Keqiang gave a speech at the opening ceremony of the annual Boao Forum for Asia in China’s southern Hainan province on Thursday. Photo: Winson Wong
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The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters

China’s economic concerns mount as industrial profits crash to lowest since 2011

  • Industrial profits stood at 708 billion yuan (US$105.4 billion) for January and February, according to figures released by the National Bureau of Statistics
  • Manufacturing profits fell by 15.7 per cent year-on-year, with profits from oil processing companies collapsing 70.4 per cent
Topic |   China economy

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The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters
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