Creating more global cooperation opportunities is new development pattern By Zhang Jie | chinadaily.com.cn | Updated: 2021-05-17 16:19 Share CLOSE A container ship docks in Qingdao Port, Shandong province, for unloading.[Photo by Zhang Jingang/for China Daily]
China will further shorten the negative list for foreign investment, and promote the service sector to opening-up in an orderly manner, as well as push forward the negotiation and implementation of multilateral, bilateral and regional free trade agreements to create more cooperation opportunities for enterprises worldwide, China s Vice-Minister of Commerce Wang Shouwen said on Friday.
Wang said China s new development pattern is not an internal recycle by self-isolation and self-sufficiency, instead of a dual-circulation built on a high level of opening-up.
Market close: NZ sharemarket snaps eight-day losing streak
17 May, 2021 05:53 AM
4 minutes to read
Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell
NZ Herald
By: Graham Skellern
The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump. The S&P/NZX 50 Index raced ahead to an intraday high of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent.
There were 71 gainers and 68 decliners over the whole market on light trading of 33.9 million shares worth $105.15 million.
Greg Smith, head of research with Fat Prophets, said the market had a bit of a relief bounce after the weakness last week. The inflationary concerns aren t going away, and it s a case of the market acclimatising to the prospect of a higher inflation rate and higher interest rates down the track.
| 17 May 2021
More bad news for the worldwide pay-TV industry has emerged from Digital TV Research which is forecasting that revenues in the sector in the key territories are to track down markedly over the next five years.
The Global Pay TV Revenue Forecasts report calculates that not only did global pay-TV revenues for 138 countries peak in 2016 at $201 billion but that are also set to decline in 77 of the territories between 2020 and 2026. Despite the number of pay-TV subscribers rising by 15 million, total market revenues are forecast to fall to $143 billion in 2026 from $173 billion in 2020.
The US is set to provide the pay-TV industry with the most dramatic fall by just under $23 billion. The study noted that US pay-TV revenues peaked at $104 billion in 2015 and that its total will drop from $80 billion in 2020 to $57 billion in 2026. The US will account for 40% of global revenues by 2026, down from 52% in 2015.
SOURCE / ECONOMY
By Global Times Published: May 17, 2021 08:12 PM
A cargo ship of COSCO SHIPPING Lines transporting Italian products to Shanghai berths at the Port of Piraeus, Greece. (Photo by Lefteris Partsalis/Xinhua)
Shipping companies listed in Hong Kong and the Chinese mainland closed higher on Monday, as the industry is expected to remain promising during the second quarter due to rising global shipping rates and the country s soaring exports.
COSCO Shipping Holdings Co gained 5.95 percent to HK$17.10 ($2.20), Orient Overseas (International) was up 4.03 percent to HK$124.00 and Shanghai-listed Ningbo Marine Co rose 3.92 percent to 5.30 yuan ($0.82).
Han Jun, an analyst with Beijing-based China Securities Co, noted in a research note on Sunday that shipping rates are rising all over the world, due to the lingering effect of the Suez Canal block.