Economic review

China's SOEs move ahead on market reform

2017-07-27 09:33:00

China's major state-owned enterprises (SOE) will complete corporate governance reform by the end of 2017 in efforts to overhaul inefficient state companies. Full Story

Foreign banks get investment boost

2017-07-27 09:28:00

China has loosened up market access for foreign banks that want to invest in domestic lenders. Full Story

SOEs to convert to modern corporations

2017-07-27 08:59:00

Many centrally administered State-owned enterprises (SOEs) will be converted into limited liability firms or joint-stock firms by the end of 2017, according to a State Council document released Wednesday. Full Story

Major reform for state-owned firms

2017-07-27 08:59:00

China’s major state-owned enterprises will become corporations by the end of the year in a bid to increase their efficiency, it was announced yesterday. Full Story

Game income close to $15b for 1st time

2017-07-27 08:52:00

China’s game industry revenue surged over 20 percent to almost 100 billion yuan ($14.5 billion) for the first time between January and June amid a booming mobile Internet development and cross-industry integration, industry officials told a Chinajoy forum Full Story

Public hospitals to become nonprofit by 2020, State Council says

2017-07-27 08:47:00

Public hospitals in China will operate under a new system not driven by profits by 2020, according to a guideline the State Council, China's Cabinet, released on Tuesday. Full Story

Reform of central SOEs to be done by this year, govt says

2017-07-27 08:42:00

With some exceptions, China will include all central State-owned enterprises that have not been reformed in a modern corporate system by making them legal persons by the end of this year. Full Story

China's central SOEs to complete corporate reform by year end

2017-07-26 16:49:00

China's major state-owned enterprises (SOEs) will complete corporate system reform by the end of 2017. Full Story

U.S. rice not ready for entering Chinese market, despite recent deal, China says

2017-07-26 16:15:00

China's Ministry of Commerce (MOFCOM) said on Wednesday that U.S. rice needs to gain further approval from Chinese officials to enter the market, despite a recent agreement that would open up the Chinese market to U.S. rice for the first time. Full Story

JD to share inventory with Wal-Mart

2017-07-26 15:55:00

Chinese e-commerce giant Jingdong (JD) announced Tuesday an inventory pooling scheme with American retailer Wal-Mart. Full Story