Economic review

Chinese shares rally on sound fundamentals

2017-04-26 17:04:00

Chinese stocks continued to rally Wednesday as improved economic fundamentals lifted investor confidence. Full Story

Netflix to debut in China through iQiyi

2017-04-26 16:59:00

Global streaming giant Netflix Inc has struck a licensing deal in China with iQiyi, the country's major streaming video provider controlled by Baidu, according to a US film and television magazine, Variety. Full Story

Regulators gain ground tackling property frenzy

2017-04-26 16:56:00

Wang Tao, 35, spent all his savings putting downpayments on three apartments in three separate counties in Hebei Province, each more than 70 kilometers apart. Full Story

Cash withdrawals fall in China as mobile payments grow

2017-04-26 16:45:00

Cash withdrawals using bank cards fell in volume for the first time in China, as the country enters a cashless society with mobile payments growing in popularity. Full Story

China's industrial sector improves, challenges remain

2017-04-26 16:28:00

The industrial sector, which accounts for more than one-third of China's GDP, picked up steam in the first quarter of the year, but still faces challenges at home and abroad, a senior official said Wednesday. Full Story

Chinese economy firming, recovery sustainable: official

2017-04-26 16:24:00

A senior official on Wednesday reiterated confidence in the Chinese economy, saying the improving trend is strengthening and recovery should be sustainable. Full Story

Xiaomi makes official debut in Russia

2017-04-26 16:23:00

Chinese tech giant Xiaomi made its official debut in Russia Tuesday with three new products in its latest move to expand overseas. Full Story

London ranks first for offshore RMB FX transactions: SWIFT

2017-04-26 14:32:00

More than one third of all offshore Chinese renminbi foreign exchange transactions are carried out in the United Kingdom, according to the SWIFT renminbi tracker. Full Story

JD.com unveils new logistics services arm

2017-04-26 14:30:00

Chinese e-commerce giant JD.com Inc on Tuesday announced the establishment of JD Logistics, a new business group under JD.com, to provide smart supply chain and logistics services. Full Story

Chinese investment in U.S. triples in 2016: report

2017-04-26 13:15:00

Chinese direct investment in the United States tripled in 2016 with Chinese companies employing more than 140,000 Americans, according to a report released on Tuesday. Full Story