Economic review

New rules to rein in asset management

2017-11-20 08:58:00

China's financial regulators released a draft of new sweeping guidelines to tackle risks in the country's massive but sometimes problematic asset management market, as part of the country's broad effort to prevent systemic financial risks. Full Story

Sharing economy gets credit edge

2017-11-20 08:57:00

China's sharing economy has just been taken to a whole new level by Zhima Credit of Ant Financial, Alibaba's finance arm, making it even more citizen-friendly. Full Story

E-commerce propels Singles Day sales

2017-11-20 08:49:00

Over 168 billion yuan in 24 hours´╝Źthat translates into $1 billion per hour being spent by bargain hunters during the largest single-day shopping festival on Nov 11. Full Story

Pension fund to get State assets boost

2017-11-20 08:47:00

Pilot program to begin in several provinces and expand in 2018 China will transfer a chunk of State financial assets to its social security funds, a program experts believe will ease the pressure of pension payments as the aging population continues to gr Full Story

Committee to coordinate fiscal policies

2017-11-20 08:45:00

The newly established national financial regulatory body is designed to be the top-level executor and coordinator of the State Council's macroeconomic policies rather than to only safeguard the inflated financial sector, according to experts directly inv Full Story

Xiaomi opens two more offline stores in Taiwan

2017-11-19 16:05:00

Chinese mainland tech giant Xiaomi opened two more brick-and-mortar stores in central and southern Taiwan over the weekend. Full Story

Nearly 70 countries, organizations confirmed to join Beijing expo 2019

2017-11-19 14:35:00

Nearly 70 countries and international organizations worldwide have been confirmed to participate in the International Horticulture Exhibition 2019, to be held in Beijing. Full Story

Belt and Road Forum for Laos-China Cooperation to be held in December

2017-11-19 14:33:00

The first Belt and Road Forum for Laos-China Cooperation will be held in Vientiane, Laos from Dec.19-20, according to organizers. Full Story

Argentinean economist amazed by Chinese e-commerce boom

2017-11-19 14:23:00

Argentinean economist Maria Cecilia Peralta amazed the boom of e-commerce in China and its massive influence worldwide, after Singles' Day on Nov. 11 reached new heights in online sales. Full Story

China approves projects worth $10 bln in October

2017-11-19 14:14:00

China's top economic planner approved 16 fixed-asset investment projects with total investment reaching 66.6 billion yuan (about 10 billion U.S. dollars) in October. The projects were mainly in the energy, transportation and high tech industries, accordi Full Story