Economic review

Tibet offers loans to encourage start-ups

2017-05-25 09:33:00

A bank in China's Tibet Autonomous Region is providing loans of up to 2 million yuan (about 290,000 U.S. dollars) to start-ups. Full Story

China's average household wealth per capita up 17.25%, driven by surging property value

2017-05-25 09:29:00

The average household wealth per capita in China reached 169,077 RMB ($24,540) in 2016, up 17.25 percent from 2015, according to a report on Chinese household wealth issued by the Economic Daily Press on May 24. Full Story

Student-focused talent development promoted

2017-05-25 09:26:00

The annual conference on Higher Education Innovation and the Wisdom Lake Internationalization Summit of Higher Education was held at Xi’an Jiaotong-Liverpool University in Suzhou between May 19 and 21. Full Story

Cooperation grows between China, B&R countries

2017-05-25 09:25:00

China's southern city of Shenzhen launched its first Europe-bound freight train on Monday, becoming the 29th Chinese city to introduce rail service to Europe. Full Story

China to accelerate shantytown redevelopment

2017-05-25 09:23:00

By the end of 2017, China will secure the full delivery of a three-year, 18-million new homes development program for rundown urban areas across the country. Full Story

Some grads decide to delay job search

2017-05-25 09:16:00

With the job market becoming increasingly competitive every year, a growing number of fresh university graduates are opting for "delayed employment". Full Story

Geely buys into Malaysia's Proton

2017-05-25 09:15:00

Chinese automaker Zhejiang Geely Holding Group Co said Wednesday that it will buy a 49.9 percent stake in Malaysia-based carmaker Proton from DRB-Hicom, and it will also take a 51 percent stake in Proton's luxury car brand, UK-based Lotus Group. Full Story

Alipay launches localized app for Hong Kong users

2017-05-25 09:15:00

Alipay, the online and mobile payment platform operated by Ant financial services group, announced on Wednesday that it would launch AlipayHK, a version dedicated to local-currency payments in Hong Kong. Full Story

Experts say Moody's downgrading of China's credit rating shows miscalculations

2017-05-25 09:12:00

Moody's Investors Service on Wednesday downgraded China's long-term local currency and foreign currency issuer ratings from Aa3 to A1 but changed the outlook from "negative" to "stable," a move experts said showed apparent miscalculations. Full Story

China to simplify cargo clearance

2017-05-25 09:12:00

China has vowed efforts to streamline cargo clearance procedures to smooth foreign trade and improve the business environment. Full Story