The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...
Tags: Economy Transitioning, Economy
Breakthroughs will be made in steel and coal sectors in reforms of traditional industries, along with China's efforts to cultivate new growth engines, the Chinese premier said on Wednesday. It is crucial to make a good start for the 13th ...
Beijing's GDP growth was 6.9 percent in 2015 and it will maintain steady growth for the next year, the statistics bureau announced Thursday. Beijing's GDP was about 2.29 trillion yuan (about 350 billion U.S. dollars) in 2015 and its ...
Tags: GDP growth, Service
China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday. "China will continue to grow economically and continue to be the main ...
China saw a record number of firms established in 2015 despite the slowing economy, official data showed. Chinese set up a total of 4.44 million companies last year, up 21.6 percent from a year ago, which means 12,000 new companies every ...
Tags: Chinese economy, economic slowdown
China will set up more cross-border e-commerce pilot zones, the State Council announced Wednesday. The zones will attract businesses, help create jobs and nurture new business models to boost foreign trade and stimulate the economy, ...
One change will certainly be deeply felt in China's economy in 2016 and more time come: supply-side structural reform. "Supply-side structural reform is an urgent task that cannot afford any delay, otherwise the 'sickness' will become ...
The supply-side structural reform to improve all-factor productivity will help China gather future growth steam, according to the country's finance minister. Despite heavy downward economic pressure, the Chinese economy is still resilient ...
Tags: Structural Reform, capital inputs
Thanks to tireless promotion by top Chinese leaders, the country's railway industry has seen another year of good harvest in overseas markets in 2015, culminating in the launch of a railway project in Asia and the start of another in Europe ...
China highlights the role of reform in addressing difficulties facing the northeast region and revitalizing the old industrial base, according to a meeting presided over by President Xi Jinping. By 2020, the northeast region in China ...
The world's first circular high-speed railway line has begun operation in China's southernmost province, Hainan. Locals are hoping the new rail will further promote the economy of the island, which is already a popular tourism attraction. ...
Tags: High-Speed Railway, Hainan
A government report shows the total production value of China's maritime industry grew by an average of 8.4 percent annually from 2011 to 2014. Daily desalination capacity increased by over 330-thousand tons and the annual growth rate of ...
Tags: Maritime Economy
China refuted recent U.S. comments warning Europe against granting China market economy status on Wednesday, saying China has been living up to its World Trade Organization (WTO) obligations. Chinese Foreign Ministry spokesperson Lu Kang ...
Tags: Market Economy Status
Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western ...
Tags: Six-Company, Implementing SEZ