www.88sbc.com_www.88sbc.com-【分出胜负】:24个小时内至少5名美联储官员接连表态不会降息

www.88sbc.com_www.88sbc.com-【分出胜负】

2019-11-19 08:58:45

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  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  

  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.

  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  

  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  

  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  

  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  

  EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.

  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  U.S.stocksclosedhigheronMondayaseasingU.S.-Chinatradetensionsfueledoptimisminthemarket.TheDowrose1.21percentto25,013.29,andtheSP500rose0.74percentto2,733.01,whiletheNasdaqincreased0.54percentto7,394.04.ChinaandtheUnitedStatesissuedajointstatementovertheweekend,vowingnottolaunchatradewaragainsteachother.U.S.TreasurySecretaryStevenMnuchinsaidonSundaythattheUnitedStatesandChinahavereachedadealona"veryimportant"frameworkconcerningtheireconomicandtradeties,andthetwosideshaveagreedtoputapossibletradewaronhold.Headdedthatthetwosideswillcontinuewiththeircommunicationsontradeissues.AnalystsnotedthateasingU.S.-Chinatradetensionswilllikelyhelpchipmakers'stocksthemost.Meanwhile,thestrongdollarisastock-marketdragandmayposeathreattoearningsgrowth,expertssaid.Ontheeconomicfront,ledbyimprovementsinproduction-relatedindicators,theChicagoFedNationalActivityIndexrosefrom0.32inMarchto0.34inApril,beatingmarketconsensus.  

  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  PressurefromcapitalflighthaseasedmarkedlyastheChineseeconomyfirmsupandtheyuanstabilizesagainsttheU.S.dollar.China'sforexreservesroseforthethirdmonthinarowinApril,centralbankdatashowedSunday.Forexreservesclimbedto3.0295trillionU.S.dollarsattheendofAprilfrom3.0091trilliondollarsamonthearlier,up0.7percentmonthonmonth,accordingtostatisticsfromthePeople'sBankofChina.ThiswasthefirsttimesinceJune2014thereservesexpandedforthreeconsecutivemonths.Thecountry'sgoldreservesalsoincreasedfrom73.7billionU.S.dollarsbytheendofMarchtoover75billionU.S.dollarsbytheendofApril.TheStateAdministrationofForeignExchange(SAFE)attributedthecontinuousriseofforexreservestostablecross-bordercapitalflowandyuanappreciation.Chineseenterpriseshavebecomemorerationalinbuyingforexthankstoafirmereconomyandastableyuan,SAFEsaidinastatement,addingthatthesizeofforexreserveswouldbecomemorestableinthefutureastheeconomymaintainssteadyexpansionandtheforeignexchangeratestaysinareasonablerange.TherehadbeengrowingconcernsaboutcapitalflowingoutoftheChinesemarketinthesecondhalfof2016,whentheeconomywasfacingloomingdownwardpressureandtheChineseyuanwasinthemiddleofalosingstreakagainsttheU.S.dollar.InJanuary,China'sforexreservesdeclinedbelowthecloselywatched3-trillion-dollarmarkforthefirsttimesinceFebruary2011.However,concernsaboutcapitaloutflowshaverecededlately,withtheChineseeconomyonfirmerfooting,supportedbyastringofupbeatdataincludingindustrialprofits,factoryactivityandfixed-assetinvestment.TheChineseeconomyexpanded6.9percentinthefirstquarterofthisyear,up0.1percentcomparedwithQ42016.However,theworld'ssecond-largesteconomyshowedsignsofsofteningmomentumasthelatestPMIdatapointedtoslowerexpansionofmanufacturingandserviceactivitiesinApril,possiblyduetotighteningfinancialregulation.TheU.S.FederalReserveonWednesdayleftitsbenchmarkinterestratesunchangedasthecentralbankwaitedonmoredatatoassesstheU.S.economicoutlook.MostinvestorsexpectedaratehikeattheFed'sJune13-14meeting,whichmightaddpressureforyuanweaknessandcapitaloutflows.Chinadoesnotwantnorneedtodepreciateitscurrencytogainexportcompetitiveness,andthePBOC'smovestoinjectliquidityintotheforexmarketaimtoavoidirrationaldepreciationandmarketpanic,PanGongsheng,headofSAFE,wroteinthelatesteditionofChinaFinance,aleadingindustrymagazinemanagedbythecentralbank."China'seffortstoimproveforeignexchangerateflexibilitywhilemaintainingstabilityaregoodfortheworldastheyavoidspilloverofdisorderlyyuanfluctuationsandcompetitivedepreciationofmajorcurrencies,"Panadded.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  China'snaturalgasimports,whichcurrentlyaccountformorethan30percentofdomesticconsumption,willcontinuetoriseandboostSino-U.S.energytradewhilechangingtheglobalmarketpattern,expertssaid.Thenation'sgrowingdemandfornaturalgas,underapolicytoreplacepollutingcoalwithcleannaturalgastocombatairpollution,issettoattractmoreenergymajorsworldwidetomeetthedemand,whileamorediversifiedandflexiblenaturalgasimportchannelwillalsohelpensurenationalenergysecurity,saidLiLi,researchdirectoratenergyconsultingcompanyICISChina.Record-highoiloutputintheUSandsurgingdemandforgasinChinahavebeenamainstayforglobalenergytrade,shesaid.Ifthetwocountriescandeepencooperationinthefieldsofenergyinvestmentandtrade,itwillbeawin-winforbothsides,whichplaycomplementaryrolesasproducersandexportersofoilandgas,sheadded.WangLu,anAsia-PacificoilandgasanalystatBloombergIntelligence,echoedsimilarviewsandsaidsolutionstoreducetheU.S.deficitwithChinaexistdespitetradedisputes.Thoughitcan'tclosethegap,increasingexportsofLNGtoChinacouldreducetheUSdeficitwithChina,shesaid.AccordingtoBloombergIntelligence,theUS,whichwasChina'sfifth-largestLNGsupplierandexported1.53millionmetrictonsofLNGtothecountrylastyear,mayincreaseLNGexportstoChina,whichshouldmarginallyreducethetradedeficit.Thecountry'senergycompaniesareallrushingtomeetthedemanddrivenbyChina'srapidlygrowingthirstfornaturalgas.PetroChinasigneda25-yearpurchasecontractwithHouston,Texas-basedCheniereEnergyinFebruaryfor1.2tonsperannumofLNG.PrivatecompaniesincludingGuanghuiEnergyandENNGrouphavejoinedState-ownedCNOOC,PetroChinaandSinopecintheLNGreceivingterminalsbusiness,increasingchannelsforspotLNGimports.BloombergIntelligencefiguresshowlastyear'sLNGtradewiththeU.S.wasworthabout4million,lessthan0.2percentofthetradegapof5billion.WhileU.S.CommerceSecretaryWilburRossencouragesChinatoimportmoreLNGtoreducethedeficit,thecontributionwouldbemarginal.Inadditiontothecleanfuel,WangestimatedthatChinamaybuymoreU.S.oil,extendinglastyear'strendandmarginallyreducingthetradedeficit.FiguresofBloombergIntelligenceshowU.S.crude-oilexportstoChinatotaled.4billionin2017,calculatedbymultiplyingmonthlyaverageWITpricesandtradedbarrels.That's1.2percentoflastyear's5billiontradedeficit.TheU.S.EnergyInformationAdministrationliftedthe2018averageU.S.crudeoilproductionforecasttoarecord10.7millionbarrelsaday.Therecord-highoilproductionmayleadtomorecrudeoilexportsthisyear,shesaid.  

  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  Thisyearhasseen10newcompaniesfromChina,includingthetwotechgiantsAlibabaandTencent,entertheFortuneGlobal500list.Alibabaranks462andTencent478onthisyear'srankingandtheothernewChinesecompaniesareAnbangInsuranceGroup,HengliGroup,YangoFinancialHolding,CountryGardenHoldings,SuningCommerceGroup,XiamenCD,XiamenITGHoldingGroup,andXinjiangGuanghuiIndustryInvestment.CompaniesarerankedbytotalrevenuesfortheirrespectivefiscalyearsendedonorbeforeMarch31,2017.Allcompaniesonthelistmustpublishfinancialdataandreportpartoralloftheirfigurestoagovernmentagency.Figuresareasreported,andcomparisonsarewiththeprioryear'sfiguresasoriginallyreportedforthatyear,accordingtoFortunemagazinewebsite.About115Chinesecompaniesintotalfigureonworld'slargestFortune500companiesfor2017,coveringawiderangeoffieldsincludingenergy,oilrefining,miningcompanies,realestateandconstruction.ThenumberofChinesecompaniesfeaturedonFortuneGlobal500listhasincreasedforthe14thconsecutiveyear.  

  AboutusEcns.cnistheofficialEnglish-languagewebsiteofChinaNewsService(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,1952.ThewebsiteisnotjusttheEnglishversionofChinanews(www.chinanews.com.cn),theofficialChinese-languagewebsiteofCNSlaunchedin1999.ItservesthepurposeofprovidingfirsthanddataandinsightintolifeinChina.AsanEnglish-languagewebsite,Ecns.cnaimstoprovideallaspectsofonlinenews,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,peopleandtravel.BackgroundChinaNewsService(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,aswellasoverseasChineseandforeigners.LiaoChengzhi,formervicechairmanoftheStandingCommitteeoftheNationalPeople'sCongress,wasthefounderandleaderofCNS.Inadditiontohim,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,andHongSisi.JinZhonghua,awell-knownexpertoninternationalissues,wasthefirstpresidentofCNS.Initspreviousform,CNSwastheInternationalNewsService,establishedbyFanChangjiangandHuYuzhiin1938.CNSfunctionsasastate-levelnewsagencyspreadingnewsworldwide,adatabaseofinformationfromglobalChinese-languagemediaandaninternationalnewsagency.Itfulfillsitsresponsibilitythroughtraditionalstylereports(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverseasChinese-languagenewspapersandindependentnewspapersandjournals.Therearepresentlymorethan1000employeesatCNS,whichisheadquarteredinBeijing.Ithas28branchesinChina,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,SydneyandMoscow.ItalsohasreportersinTaiwan,andnewsreleasecentershavebeenestablishedinBeijing,NewYorkandHongKong.Basedonamulti-channel,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,24hoursaday.CNS’sclientsandcooperativepartnersarespreadthroughouttheworld.AsaChinese-languagemediasource,CNSwasanAsianpioneerwhenitfirstsetupitsinternetportal.Thewebsitewww.chinanews.comwaslaunchedinHongKongin1995.OnJanuary1,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews(www.chinanews.com.cn).ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.EconomicfundamentalsandastableyuanwillkeepChina'sforeignexchangereservesbasicallystable,acentralbankofficialsaid.Forexreserveshadbeenontherisefor12monthsbeforeFebruary'sdecline,PanGongsheng,deputygovernorofthePeople'sBankofChina(PBOC),toldapressconferenceonthesidelinesoftheongoingannuallegislativesession.TheslightdeclineinFebruarywascausedbyboththeriseoftheU.S.dollarexchangerateindexandthefallingbondpriceindexintheinternationalmarket,Pansaid.TheU.S.dollarexchangerateindexrose1.7percentlastmonthwhilestockmarketsintheUnitedStates,eurozoneandJapanalldroppedby4-5percent.China'sforexreservesstoodat3.1trillionU.S.dollarsinFebruary,downnearly27billionU.S.dollarsfromJanuary.TheforexstockpilehasincreasedsteadilysinceFebruary2017afterdippingbelow3trilliondollarsinJanuarylastyear.  ThenumberofChinesecompaniesontheFortune500listhasreached115withtheadditionof10first-timersthisyear.Thenumberhasbeenrisingforthelast14years.AccordingtothelatestFortune500listreleasedonThursday,amongthe10newentrantsarelocallywell-knownnamessuchasAnbangInsuranceGroup,AlibabaGroupandTencentHoldings.Mostofthenewentrantsarefromtradeandtechnologysectors.Guangdong-basedCountryGardenistheonlyChinesepropertycompanyonthelist.Theworld's500largestcompaniesgenerated.7trillioninrevenuesin2016,or37percentoftheglobalGDP.Theirtotalprofitswere.5trillion.Forthefourthyearinarow,retailgiantWalmarttoppedthelistwithamassive5billioninrevenuein2016.ItisfollowedbythreeChinesecompanies:StateGrid,SinopecGroupandChinaNationalPetroleum.AppleIncisthemostprofitablecompanyamongthe500,withits2016fiscalyearprofitcominginat.7billion(whichwasdown14.4percentyear-on-year).Itisexpectedtobethefirstcompanywithamarketcapofovertrillion-itsmarketcaponThursdaywas9.3billion.SecondtoAppleontheprofitabilitylistarefourmajorChinesecommercialbanks:IndustrialandCommercialBankofChina,ChinaConstructionBank,AgriculturalBankofChinaandBankofChina.ItalianbankUniCreditreportedthebiggestloss-billion-amongallthefinalists.JD,China'ssecond-largeste-commerceplatform,incurredalossof0millionlastyear,thebiggestamongalltheChinesecompaniesontheFortune500list.AccordingtoBrianO'Keefe,assistantmanagingdirectorofFortunemagazine,amajortrendinthisyear'slististhecontinuedweaknessintheenergysector.CompanieslikeRoyalDutchShellandExxonMobilslidafewspotsthisyear,hesaid.Thereare33newcompaniesonthelistthisyear,mostofthemtechenterprises,saidAnneVandermey,associateeditorofFortune."Intermsofprofitandrevenuegrowth,thetechnologysectorleadsbothofthesenumbers,"shesaid.Intermsofindustryandownership,however,therehasnotbeenasubstantialchangeintheChinesecompaniesenteringthisyear'slist,saidLiuQiao,directoroftheGuanghuaSchoolofManagementatPekingUniversity."MostofthesecompaniesareState-ownedcompaniescomingfromthefinancial,energyandrawmaterialsectors,"hesaid."AlthoughChinaisundergoingatransformationfromaninvestment-driveneconomytoaninnovation-andefficiency-driveneconomy,therearen'tmanyChineseinnovation-ledcompaniesontheFortunelistyet."Buthealsosaidthatthelistdoesreflecttheriseofprivately-ownedcompaniessuchasAlibabaand,byextension,thepowerofthemarketinthewakeofChina'seconomictransformation."CreatingvalueratherthanpursuingalargerscalehasbecometheNo1targetofmostChinesecompanies,"hesaid.  

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