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BEIJING Cheap New York Jets Jerseys , Aug. 21 (Xinhua) -- Chinese shares closed higher on Monday, led by the strong performance of recently listed companies, while the announcement of ownership reform plans by China Unicom also boosted market sentiment.


The benchmark Shanghai Composite Index went up 0.56 percent to 3,286.91 points while the Shenzhen Component Index closed 0.71 percent higher at 10,689.77 points.


Trading remained subdued with combined turnover on the two bourses reaching 455.6 billion yuan (68.3 billion U.S. dollars).


Recently listed companies were among the biggest winners Monday, with more than 20 such shares surging by the daily upper limit.


BGI Genomics Cheap Jets Jerseys , a gene sequencing firm that was listed on the Shenzhen Stock Exchange in mid-July, saw its shares up 10 percent to reach 131.63 yuan. The company's initial offering price was 13.64 yuan.


Investors were also bullish on the promise of the country's ongoing state-owned enterprise reform, with related stocks outperforming the benchmark.


China Unicom, the country's second-largest telecom company, saw its shares surge by the daily limit of 10 percent on the Shanghai Stock Exchange Monday after it confirmed plans to bring in strategic investors including Alibaba and Tencent.


The rise came after a trading suspension of more than four months, during which the company contemplated and advanced the so-called "mixed-ownership reform Joe Namath Jets Jersey ," which includes private placement of its shares.


During Monday morning trading, companies related to the mixed-ownership reform saw their shares surge. Suning Commerce Group, one of China Unicom's investors, jumped more than 4 percent at one point before trending down slightly.


Guangdong Eastone Century Technology Company, another firm related to the reform, saw its shares surge by the daily limit of 10 percent.


The ChiNext Index ArDarius Stewart Jets Jersey , which tracks China's NASDAQ-style enterprises, gained 0.41 percent to close at 1,829.22.


China's new-generation bullet trains put into operation on Beijing-Tianjin Intercity Railway


Video: Aerial view of Xiamen, host city of BRICS summit


14th China-ASEAN Expo to be held in Nanning


Children have fun at bubble fair


At least 2 died, 8 injured in knife attack in Turku, Finland


13 killed Marcus Maye Jets Jersey , over 100 others injured in Barcelona attack: official


Over 400 killed in mudslides in Sierra Leone


Qiandaohu Lake in China's Zhejiang under stricter protection

China Cuts Aluminium Output as Markets Slide Continues

Posted by tjdetai on July 20th, 2015




With renewed worries about the Chinese economy, here's some news that will add to those concerns.




Around 10% of China's annual aluminium output is being idled, thanks to high costs, sluggish demand and low prices.




The news, contained in a small news story on the Xinhua official news website Leonard Williams Jets Jersey , said that a group of smelters in Henan province （China's largest, in the centre of the country） have agreed to idle 20% of their capacity, or around 700,000 tonnes.




The news came yesterday as the Chinese stockmarket again fell on fears about the health of the economy and especially the property sector.




The Shanghai market fell 4.3% on Tuesday and yesterday dropped another 1%.




The story said the 13 smelters involved account for a fifth of China's annual 6.8 million tonnes of aluminium output.




It is the first cut in output and capacity by a major Chinese metal processing industry since the crunch in 2008.




Xinhua reported that Liu Libin, vice chairman of the Henan Nonferrous Metals Industry Association, said the smelters had been cutting production since the middle of this month.




"The move would reduce aluminium production in Henan this year Darron Lee Jets Jersey , now estimated below 4 million tons," Liu said.




"The province produced more than 1.5 million tons of primary aluminium in the first five months of this year, more than 20 percent of China's production of 6.8 million tons."




China is the world's biggest producer of the metal and news of the cutbacks has surfaced slowly in provincial and then national media.




So far the news hasn't gotten much play, but if it is followed by news of other cuts, then it will be a very definite sign that the pace of growth in the economy has slowed （but not slumped）。




Metal processors, such as Jiangxi Copper and Zhuzhou Smelter have weakened in recent days （falls of around 4% or more each）， while property groups like China Vanke and Poly Real estate have also continued their six month long fall.




Chalco （Aluminium Company of China） also has seen its share price fall in recent weeks Jamal Adams Jets Jersey , with another 4% lost this week.




All up, China's market is off around 23% this quarter and 27% since the start of the year, the world's third worst performer.




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Business > Marketing > Digital MarketingGrow and Expand Your Business with E-Marketing

Posted by internetmisr in Business on September 1st, 2014


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