China is facing a downward pressure on its economy growth according to the Purchasing Managers’ Index for the manufacturing sector. It fell to 51 percent in December, down from 51.4 percent in November. This newly released official ...
Tags: China's PMI, economy growth
A bank in Yunnan province has started to provide direct currency exchanges between Chinese yuan and Thai baht, a move aimed at further opening up Southwest China to Southeast Asia. Tourism agencies say there is an increasing demand for ...
The pace of Chinese economic reform would surprise people, and it will be faster than commonly expected, said Blu Putnam, Chief Economist at Chicago Mercantile Exchange (CME) Group, in London. China appears to be choosing to accelerate ...
Tags: Economic Reform
In the January-November period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.3338 trillion ($871.5 billion), increasing by 13.2 percent year on year, according to data ...
The number of game users in China reached 490m in 2013, a year-on-year increase of 20.6%, while sales revenue soared to RMB83.17b, with yearly incresae of 38%, according to the 2013 Report on China Game Industry published Saturday, ...
Tags: game market
China's economic growth is likely to stand at 7.6 percent this year, slightly down from 7.7 percent in 2012, said a State Council report on Wednesday. Economic growth has been higher than expected since 2011 despite a declining trend, ...
Tags: China's Growth, Mineral
China's Cabinet estimates this year's economic growth edged down to 7.6 percent and warned it faces pressure to decline further, a state news agency said Thursday. The forecast, reported by the Xinhua News Agency, is below the 2012 rate ...
Imports will account for a major chunk of China's natural gas usage this year, even as the country strives to improve clean fuel usage, experts said. Wang Xiaokun, an energy analyst with Sublime China Information Co, a Chinese commodities ...
Tags: Natural Gas, Metallurgy
Shanghai has gained initial recognition from industry players across the world, reports Wei Tian In many areas, the steps taken in carrying out reforms remain cautious and foreign investors are still waiting for detailed policies, but the ...
The South China province of Hainan, famous for its resorts, has seen a surge in offshore duty-free shopping, with total sales revenue of 6.3 billion yuan ($1.03 billion) between April 2011 and Dec 2013. In that period, Hainan saw over ...
Tags: Duty-Free Sales, resorts
China Steel Precision Materials, the subsidiary company of Taiwan's China Steel Corp., expected they can win for the positive sales profit (before tax) by about RMB 1 million in whole 2013; CSPM was listed RMB 20 million loss in 2012. ...
Tags: steel, metallurgy
The yuan is expeceted to become one of the major global settlemet, payment, trading and reserve currencies in the next 15 to 20 years. According to the presiden of the Bank of China, the total volume of yuan-denominated, cross-border trade ...
Tags: Service, Yuan, Reserve Currency
China is expected to surpass the US and become the world's largest online market this year,the deputy director of the Department of Electronic Commerce and Information of the Ministry of Commerce, said on Thursday. According to Nie, the ...
Tags: China, Online Retail Market, Economy
China's manufacturing grew at its strongest rate in 18 months in December but new exports fell from the previous month due to weak global demand, a survey showed Monday. HSBC Corp. said its monthly purchasing managers' index rose to 51.1 ...
China imported 173,100 tons of cotton in November 2013, up 32,000 tons or 22.6 percent compared to October, but a decrease of 43 percent year-on-year, according to Customs Statistics, China Cotton Association reported. The average ...
Tags: Cotton Imports, Textile