Economic review

Logistics firms gear up for Singles Day

2017-09-21 09:44:00

Debuted nine years ago, the Nov 11 campaign emerged as a marketing ploy for the celebration of singles but quickly spawned into a massive shopping extravaganza that eclipsed the scale of Black Friday in the U.S.. Full Story

Boom in e-commerce calls for online mediation services

2017-09-21 09:38:00

How to make legal documents via voice recognition technology and how to reach online settlements on e-commerce disputes were among topics discussed at a meeting on mediation held Tuesday in Hangzhou, capital of east China's Zhejiang Province. Full Story

A cradle of innovation and modern industry

2017-09-21 09:35:00

Yangpu is a place where you can not only smell the opportunities but feel the warmth of innovation and entrepreneurship. Full Story

Shanghai rises to rank as top 10 financial center

2017-09-21 09:33:00

Shanghai ranked No. 6 in the 22th Global Financial Centres Index, up from 13th last time, and a report ranked the the city's insurance industry as No. 1 in the world for the first time. Full Story

Chinese brands gain popularity in South Korea

2017-09-21 09:33:00

Despite the tension between China and South Korea caused by the deployment of the Terminal High Altitude Area Defense (THAAD) system, Chinese companies such as Tsingtao Beer and Xiaomi have still gained growth momentum in South Korea. Full Story

Courier services to deliver 1 bln items for 'Singles' Day'

2017-09-21 09:23:00

China Express Association predicted Wednesday that the industry would handle more than 1 billion packages for "Singles' Day" shopping between Nov. 11 and Nov. 16. Full Story

Alibaba-backed Chinese supply chain firm BEST debuts on NYSE

2017-09-21 08:57:00

Chinese supply chain firm BEST Inc., backed by e-commerce giant Alibaba, made its trading debut on the New York Stock Exchange (NYSE) on Wednesday. Full Story

Beijing unveils joint ownership housing scheme

2017-09-21 08:52:00

Beijing unveiled a scheme to introduce homes with property rights to be shared by the government and buyers Wednesday. Full Story

U.S. Fed announces plan of 4.5-trillion-dollar balance sheet reduction

2017-09-21 08:43:00

U.S. Federal Reserve on Wednesday kept its interest rate unchanged, but announced that it would start unwinding its 4.5-trillion-U.S.-dollar balance sheet from October, a further step to end the loose monetary policy. Full Story

OECD: GDP to increase 6.8% in 2017

2017-09-21 08:35:00

China's economic growth will reach 6.8 percent year-on-year in 2017, although it may moderate next year to 6.6 percent, according to a forecast released on Wednesday by the Organization for Economic Cooperation and Development. Full Story