Economic review

China to build 3 world-class airport clusters

2017-05-27 09:15:00

China is planning to construct three world-class airport clusters in the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta. Full Story

China central bank denies measures on dollar deposit

2017-05-27 09:00:00

The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their U.S. dollars into the central bank. Full Story

Alibaba buys stake in Lianhua Supermarket to expand bricks-and-mortar retail business

2017-05-27 08:53:00

Alibaba has made another major effort in the physical retail space as it announced today (May 26, Friay) it is acquiring 18 percent of stake in Lianhua Supermarket Holdings, an affiliate of local retail conglomerate Bailian Group. Full Story

Trains to better support Belt, Road

2017-05-27 08:48:00

A committee to coordinate freight rail services between China and Europe was launched in Beijing on Friday. Full Story

Dagong maintains the Sovereign Credit Ratings of China at AA+ and AAA with Stable Outlook

2017-05-27 08:44:00

Beijing-based credit rating agency Dagong Global Credit Rating Co Ltd on Friday announced its decision to maintain its local and foreign currency sovereign credit ratings of China at AA+ and AAA respectively, both with stable outlooks. Full Story

China's growth outlook positive despite uncertainties

2017-05-27 08:15:00

Many economists believe that despite downward pressure and uncertainties, China's economic outlook remains bright. Full Story

Chinese premier underlines development of digital economy

2017-05-27 07:40:00

Chinese Premier Li Keqiang said Friday that China is willing to strengthen cooperation with other countries to promote the development of digital economy. Full Story

China mulls adjusting yuan-dollar pricing model

2017-05-27 07:31:00

Chinese authorities are considering introducing a "counter-cyclical factor" to the existing pricing model of yuan's central parity rate against the U.S. dollar, the China Foreign Exchange Trade System (CFETS) said Friday. Full Story

New Zealand keen to understand more of Belt and Road Initiative: minister

2017-05-26 17:23:00

New Zealand is "curious and interested" about the China-proposed Belt and Road Initiative, and "is keen to get more understanding of it," its senior official Paul Goldsmith said Friday. Full Story

China mulls adding 'counter-cyclical factor' to yuan-dollar pricing

2017-05-26 16:00:00

Chinese authorities are considering introducing a "counter-cyclical factor" to the pricing mechanism of yuan's central parity rate against the U.S. dollar, according to the China Foreign Exchange Trade System on Friday. Full Story