介绍:
Railway expansion in c&w regions in high gear, exports also rosy
Anchor:
Chinese authorities are speeding up the approvals of infrastructure projects.
Three new railway projects have been given the green light by the National Development and Reform Commission.
The new projects are worth around 20 billion U.S. dollars.
Last week, the NDRC also approved three rail projects in Yunnan and Inner Mongolia, costing over 16 billion dollars.
At the same time, Chinese rail firm CSR has signed a contract with a Malaysian company to supply 30 light rail cars.
China National Railway Corporation is also bidding on projects in Mexico and the US state of California.
For more on China's high-speed rail sector, CRI's Paul James spoke earlier with Benjamin Cavender, Principal at China Market Research in Shanghai.
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Back anchor:
Benjamin Cavender, Principal at China Market Research in Shanghai.
UK released first yuan bond
The first offshore yuan-denominated bond has started trading today in London.
The bond has a maturity of three years with a 2.7-percent yield.
The offering size of the bond is 3 billion yuan, equivalent to 500 million U.S. dollars.
The Bank of England is acting as the agent in managing the sale of the bond.
Bank of China, HSBC and Standard Chartered are leading the trade.
Chinese ambassador to Britain Liu Xiaoming says that the issuance marks the first step of internationalization of the Chinese currency.
Last week, the HM Treasury said that the issuance signals the RMB's potential as a future reserve currency.
Currently, Britain only holds reserves in US dollars, euros, Japanese yen and Canadian dollars.
Chinese vice premier, Apple CEO discuss users' information protection
Chinese Vice Premier Ma Kai and Apple CEO Tim Cook have met in Beijing, discussing the protection of users' information.
They have also talked about strengthening cooperation in information and communication.
Earlier, media outlets suggested China-backed hackers had targeted iCloud users' information.
Chinese Foreign Ministry spokesperson Hua Chunying later refuted the reports, saying China is "resolutely opposed" to hacking.
When Apple's newly-released iPhone models were launched in China, authorities here stated that they approved the models after Apple addressed potential security issues.
Zuckerberg to visit Tsinghua University
Facebook founder and CEO Mark Zuckerberg, along with others, has been included in an advisory council in China's Tsinghua University School of Economics and Management.
Zuckerberg has met with the president of the university in Beijing.
He will also attend a board meeting this Friday at Tsinghua.
Facebook says its CEO will spend several days here this week, meeting business partners and Chinese experts to learn about the market.
Facebook has long stated a desire to enter China.
The company's spokesperson says entering China is something they are "always interested in and always studying".
Australia may win China coal tariff exemption
Australia says its coal might be exempt from the new import tariffs imposed by China, after the two sides sign a free trade deal.
Australian Treasurer Joe Hockey says the two countries are close to sealing a free trade agreement after nearly 10 years of negotiation.
But the timing of the deal has not been finalized.
China's tariff committee reintroduced coal tariffs varying from 3 to 6 percent earlier this month, amid losses seen in Chinese coal enterprises.
Australia's key rival Indonesia is said to be exempt from the tariffs through the Associaition of Southeast Asian Nation's free trade agreement with China.
Japan's trade deficit edges up in Sept.
Japan logged a trade deficit of about 9 billion U.S. dollars last month, up 1.6 percent from a year earlier.
According to Japan's finance ministry, exports jumped some 7 percent. Imports rose 6 percent.
The figures demonstrate the mixed impact of a weaker currency on the nation's trade balance.
Last month, the Japanese currency fell to a six-year low, potentially helping to make Japanese products cheaper abroad. Meanwhile, it also pushed up import prices.
Japan depends on imports for around 90 percent of its energy needs and about 60 percent of its food supplies.
The country also saw a record trade deficit in the April to September period, which expanded almost 9 percent on a yearly basis, the highest reading in history.
Yahoo reports slight growth in Q3 revenue
Yahoo has reported a modest increase in revenue through the third quarter, as the company's online display advertising business continued to struggle.
Its display advertising revenue now accounts for about 40 percent of its total revenue, dropping 5 percent.
Yahoo's revenue grew 1 percent in the third quarter from a year ago, recording 1 billion U.S. dollars.
This is also the company's first earnings release after selling part of its stake at Alibaba.
The company also displayed its mobile revenue for the first time, with more than 200 million dollars this quarter.
The gross mobile revenues of this year are expected to exceed 1 billion dollars.
Yahoo's revenue has stalled in recent years as its web portal and email service lagged behind rivals like Google and Facebook.
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