Chinese industrial profits dropped 4.2% in November to 676.12-billion yuan ($108.85-billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.
Australian coking coal producers have regained their competitive advantage after a Free Trade Agreement inked between China and Australia in Brisbane on the afternoon of Nov 17th saw the immediate removal of the 3% duty on coking coal imports.
Asia-Pacific leaders gather on Tuesday (Nov 11) for the climax of their annual summit with region-wide free trade the key focus as they try to narrow differing views on how to achieve it.
China and Russia signed agreements on Sunday to boost energy cooperation, including a memorandum of understanding (MOU) to develop a second route to supply China with Russian natural gas.
Activity in China's service sectors continued to moderate in October, with the purchasing managers' index (PMI) for non-manufacturing sector sliding to its lowest print since January, an official survey showed on Nov 3rd.
Workers of Commercial Aircraft Corporation of China Ltd assemble parts of a C919 aircraft in Shanghai. China's high-tech manufacturing sector is growing faster than the overall pace of manufacturing this year.
China is slowing. It grew by 7.3 percent in the third quarter, the weakest quarterly growth for 66 months, according to the National Bureau of Statistics.