Economic review

China sees fast growth in new foreign-funded companies

2018-05-17 21:06:00

China witnessed fast growth in new foreign-funded companies in the first four months this year thanks to policies that have boosted the confidence of foreign investors. Full Story

China to halve time needed for starting businesses

2018-05-17 21:04:00

The Chinese government has demanded local authorities to halve the time required for starting businesses as part of efforts to improve the business environment and encourage entrepreneurship. Full Story

China hopes for positive outcome of Sino-U.S. trade talks: MOC

2018-05-17 20:49:00

China hopes for positive and constructive outcomes from the ongoing Sino-U.S. economic and trade consultations, the Ministry of Commerce (MOC) said Thursday. Full Story

Chinese retailer buys 72 Lotte Mart stores

2018-05-17 16:28:00

South Korean retail giant Lotte has sold its 72 supermarket stores and 15 properties for 1.665 billion yuan ($2.62 billion) to regional retailer Liqun Group from east China's Shandong Province, according to China.com.cn. Full Story

Property developers invest in small cities near major ones

2018-05-17 15:53:00

Real estate developers have shifted their focus to smaller nearby cities as tighter housing sales policies continue in China's large cities. Full Story

Guangzhou woos overseas financial talents for its global ambition

2018-05-17 14:50:00

China's Guangzhou city is doing all it can to attract top financial professionals and other talents to join its ambitious program of building a global financial hub, a municipal official said Wednesday. Full Story

Gaming surge sees Tencent Q1 profits up 61%

2018-05-17 14:20:00

Mobile gaming drove Tencent’s profits up by 61 percent in the first quarter, topping expectations and dispelling concerns about tighter revenue margins. Full Story

Chinese coffee startup files monopoly suit against Starbucks

2018-05-17 14:10:00

Chinese coffee shop operator luckin coffee has sued Starbucks for monopoly, according to a message by luckin coffee Vice President Guo Jinyi posted on the Chinese social media platform WeChat on Wednesday morning. Full Story

Over 100 5G base stations to be built in Shanghai this year

2018-05-17 13:58:00

China Mobile says it plans to build more than 100 5G base stations in Shanghai by the end of 2018, as a step toward its goal of achieving large-scale commercial 5G deployment by 2020, The Paper.cn reported. Full Story

Rise seen in April house prices as buyers bag better deals in smaller cities

2018-05-17 13:49:00

Home prices increased slightly in April compared with the previous month, according to a monthly report published on Wednesday by China's National Bureau of Statistics. The report tracks housing prices in 70 major cities in China. Full Story