China’s economic fundamentals point towards high-quality development

China’s economic fundamentals point towards high-quality development

Although China’s growth data for the first half of the year is yet to be released, a glimpse into the positive changes in economic fundamentals showed China is moving steadily towards its goal of high-quality development. With overall economic activity maintaining stable expansion and industrial and service production picking up pace, China’s sound economic fundamentals […]

APEC meeting provides enormous opportunity for regional economies

Visiting Prime Minister of Papua New Guinea Peter O’Neill said Monday that the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, which will be held in Papua New Guinea in November, provides an enormous opportunity for many economies in the region. O’Neill, who arrived here Sunday for a two-day visit to Fiji since being elected as […]

Smartphone maker Xiaomi debuts on Hong Kong stocks

Chinese smartphone maker Xiaomi debuted on the Hong Kong Stock Exchange Monday, the first company which adopts a weighted voting rights with dual-class shares after Hong Kong’s major listing regime reform in 25 years. “We would like to thank the Hong Kong Stock Exchange and the Hong Kong Securities Regulatory Commission,” Lei Jun, founder and […]

Industry-speakers talk about the development of Beijing-Tianjin-Hebei bio-pharmaceutical industry

The Beijing-Tianjin-Hebei Modern Biomedical Industry Symposium was held in Tianjin on the 8th. Participants at the conference said that the key to promoting the development of the bio-pharmaceutical industry in the three places is to focus on their respective advantages. Wu Song, a researcher at the Chinese Academy of Medical Sciences, said that Beijing has […]

China to improve management of state-owned financial capital

China will improve the management of state-owned financial capital to better serve the real economy, guard against financial risks and deepen financial reform. The state-owned financial capital is an important guarantee of promoting national modernization and maintaining national financial security, according to the guideline issued jointly by the Communist Party of China (CPC) Central Committee […]

China to upgrade transport infrastructures in Tibet

China has vowed to further promote the development of transport infrastructures in Tibet to make travels on “the roof of the world” much easier. The Ministry of Transport (MOT) said in a guideline that China aims to expand highways in the autonomous region to 110,000 kilometers by 2020. China plans to complete a primary network […]

China’s H1 industrial profits up 11.4 pct

Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data showed on Sunday. Total profits of industrial companies with annual business revenue of more than 20 million yuan (3.2 million U.S. dollars) reached 2.86 trillion yuan, the National Bureau of Statistics (NBS) said […]

Foreign investment to Shanghai up 10.9 percent in H1

Shanghai received 9.2 billion U.S. dollars of foreign investment in the first half of 2014, up 10.9 percent from a year earlier, the Shanghai municipal government said Thursday. About half of new foreign-invested projects went to the Shanghai Free Trade Zone. Twelve multinational corporations (MNCs), including Volvo, Zegna and Danone, have set up their regional […]

China to contribute to new global trade system

China to contribute to new global trade system

China will join in and contribute to the construction of a new global trade system, said Premier Li Keqiang in Beijing on Tuesday. Li also called on the United States to be more open and to create more favorable conditions for the two countries’ deeper cooperation, while meeting a delegation of U.S. business leaders and […]

China Development Bank opens office in Venezuela

The China Development Bank (CDB) opened an office here on Saturday, a move that indicates the two countries will further strengthen their economic relations. Addressing the opening ceremony, CDB President Hu Huaibang stressed the importance of the office in boosting Chinese investment in Venezuela and promoting two-way trade. “Our office in Caracas is the second […]

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