BRICS voices disappointment with non-implementation of IMF reforms

BRICS voices disappointment with non-implementation of IMF reforms

The world’s leading emerging economies on Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms. “We remain disappointed and seriously concerned with the current non-implementation of” the IMF reforms, said a joint declaration of Brazil, Russia, India, China and South Africa, collectively known as BRICS. The failure negatively […]

China’s GDP grows 7.4 pct in H1

China’s GDP grows 7.4 pct in H1

China’s economy grew 7.4 percent year on year in the first half of 2014, the National Bureau of Statistics (NBS) announced on Wednesday. Growth in the second quarter stood at 7.5 percent, picking up from the 7.4 percent expansion in the first quarter. “The Chinese economy showed good momentum of stable and moderate growth in […]

China’s H1 fixed asset investment up 17.3 pct

China’s fixed asset investment grew 17.3 percent year on year in the first six months of 2014, the National Bureau of Statistics (NBS) announced on Wednesday. The figure was slightly down from the 17.6-percent growth registered for the January-June period last year and also the first quarter this year, according to the NBS. Xinhua

BRICS leaders hail outcome of first-day summit after 4 major deals signed

BRICS leaders hail outcome of first-day summit after 4 major deals signed

Leaders of BRICS countries hailed the outcome of their first-day summit on Tuesday, when four major agreements were signed in key economic areas. The BRICS, which groups Brazil, Russia, India, China and South Africa, is holding its sixth summit on Tuesday and Wednesday in Brazil’s northeastern coastal city of Fortaleza. The first day of the […]

The CBBC China Outbound Conference 2014

The growing tide of Chinese outbound investment is one of the most exciting trends in the UK-China commercial relationship. Some of the biggest names in Chinese business have been drawn to the UK’s open and welcoming environment in recent years, making Britain the number one destination in Europe for Chinese investment. CBBC’s China Outbound programme […]

Liangjiang New Area draws 100bln yuan in 2013

Liangjiang New Area in Chongqing signed agreements with 240 projects for 2013, with a total contracted amount surpassing 100 billion yuan. The key projects include the cold rolled steel of Anshan Iron and Steel Group Corporation, Tencent Data Centre, and the international clearing and synthesis project of Jinye Jewellery, respectively invested in with 7 billion, […]

Minsheng Wharf to morph into cultural icon

A new cultural and creative industry park, the largest in downtown Shanghai by the shore of the Huangpu River, will open next year. The 100,000-square-meter park has a 739-meter-long waterfront facing the Huangpu River. It has Yangjing Port to the east, Minsheng Road to the west, Binjiang Road to the south, and the river to […]

SCO members expected to ease Asia-Europe road transport

An agreement opening road transportation between Asia and Europe is expected to be signed at the upcoming 12th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) member states, a Chinese diplomat said on Wednesday. Vice Foreign Minister Cheng Guoping told a press conference that the agreement would create conditions for an Asia-Europe transport corridor […]

Yinchuan to build Yellow River bridge

City government of Yinchuan signed an agreement on building a bridge across the Yellow River with the Shanghai Greenland Group on Aug. 14, 2013. It is said that the project, with a total length of 20.20 kilometers, will become the longest bridge on the river. The city’s riverfront district sitting on both sides of the […]

OECD revise up British economic growth

The Organization for Economic Cooperation and Development (OECD) on Tuesday sharply upgraded its growth forecast for Britain in 2013 and 2014, while revising down global economic growth estimates by a big margin. In its latest Economic Outlook report, the OECD said the British economy would grow by 1.4 percent this year and 2.4 percent in […]