Employees at a glass fibre factory in Jiujiang, China. Associated Press
Annual profits at China’s industrial firms surged in the first two months of 2021, highlighting a rebound in the country’s manufacturing sector and a broad revival in economic activity from the coronavirus crisis early last year.
China’s factory activity grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.
China’s factory activity expanded at a slightly faster pace in August, fuelled by rising infrastructure spending and improving global demand, a Reuters survey showed on Friday, as the Chinese economy continues to recover from the coronavirus crisis.
The 100 per cent foreign ownership in the UAE is indeed a great step forward among a series of other reforms that the UAE has boldly undertaken over the years to increase cost competitiveness.
Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories.
General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two US battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it
Masdar City, the sustainable urban development in the UAE, is set to play a key role in the global green recovery from COVID-19 as it continues to add sustainability-focused innovation and technology companies. The number of companies