Economic review

40 years on, the rising power of Chinese consumers

2018-02-16 10:29:00

Decades ago, China was basically a self-sufficient country, and the products on its marketplace were largely dull and limited. But the reform and opening up initiated in 1978 has dramatically changed the country's economic landscape Full Story

China to have more industrial heritage

2018-02-16 09:29:00

China plans to put more old factories and workshops under state protection as industrial heritage sites, official sources said. Full Story

Central bank to rein in risky State businesses

2018-02-15 11:48:00

China's monetary authority set up its multitasking goals this year to better balance economic growth, financial deleveraging and risk prevention while maintaining a tough regulatory stance. Full Story

China reports increase in FDI in January

2018-02-14 16:56:00

Foreign direct investment (FDI) into the Chinese mainland rose 0.3 percent year on year to reach 80.36 billion yuan (12.67 billion U.S. dollars) last month, data showed Wednesday. Full Story

Electric vehicle revolution to slash travel costs in global cities: report

2018-02-14 16:56:00

Electrified autonomous vehicles will revolutionize urban mobility by reducing travel costs by up to 40 percent and cut down CO2 marginal emissions to zero, a World Economic Forum (WEF) report said Tuesday. Full Story

Asia-Pacific, big driver of global aviation

2018-02-14 16:24:00

The Asia-Pacific region has become a big driver of the global aviation industry, corporate executives and industry organizations said. Full Story

China names J.P. Morgan Chase Bank as yuan clearing bank in U.S.

2018-02-14 14:18:00

The People's Bank of China (PBOC), the central bank, said Tuesday that it had authorized J.P. Morgan Chase Bank to provide Renminbi clearing services in the United States. Full Story

Digital tech reshaping ad industry

2018-02-14 13:39:00

Head of Paris-based advertising firm Havas Group vows to invest more in China, especially in talents. Full Story

NDRC starts crackdown on debt issuance

2018-02-14 13:28:00

The nation's top economic regulator this week further tightened regulation for debt issuance as regulatory authorities pledged to prevent further accumulation of hidden debt by local governments. Full Story

Shandong Ruyi furthers global dreams with Bally buy

2018-02-14 13:25:00

Textile manufacturer Shandong Ruyi International Fashion Industry Investment Holding Co, the LVMH of China, has stepped up its global acquisitions with the purchase of Swiss luxury clothing brand Bally International AG. Full Story