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China's Jan.-Nov. Outbound Direct Investment up 16 Pct

Dec 17, 2015

The Chinese mainland made around 104 billion U.S. dollars in non-financial investment in overseas markets in the first 11 months of 2015, up 16 percent year on year, an official of the Ministry of Commerce (MOC) said on Tuesday. Outbound ...

Tags: Outbound direct investment, manufacturing sector

S.Korea Approves China Everbright Bank's Operation in Seoul

Dec 17, 2015

South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...

Tags: Everbright Bank, foreign banks

Restructuring Puts China Growth on Dual Tracks

Dec 17, 2015

Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...

Tags: economy, service sector, manufacturing

China Central Bank Sees 2016 Growth at 6.8 Pct

Dec 17, 2015

China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...

Tags: Central Bank, economy

China's Emerging Industrial Sectors Grow Rapidly Thanks to Innovative Policies

Dec 17, 2015

China's emerging industrial sectors, inspired by technological innovation and innovative policies, have developed rapidly in 2015. The boom in telecommunication, high-tech manufacturing, e-commerce, new energy and other emerging ...

Tags: Emerging Industrial Sectors, e-commerce

China's 2016 GDP Growth Likely to Be 6.6-6.8 Pct: Think Tank

Dec 17, 2015

China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...

Tags: economic growth, GDP

Internet Finance to Make a Difference in China's Finance Development

Dec 17, 2015

Experts and insiders say with the industry booming in China, the country's plan to modernize its financial services may have just entered a golden era. [Photo: nipic.com] Internet finance has become a hot topic at the ongoing World ...

Tags: financial services, Internet finance

China Becomes The World's Largest Online Retail Market

Dec 16, 2015

A report from the Chinese Academy of Cyberspace says that China has become the world's largest online retail market. From January to October, China's online retail sales reached 2.95 trillion. Mobile shopping is rapidly growing in China. ...

Tags: Online Retail Market, online shopping

China Sees Forex Reserves Decline by US$87.2 Bln

Dec 8, 2015

China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...

Tags: Forex Reserves, foreign exchange

Uneasy Outlook Ahead for Banks

Dec 8, 2015

Listed lenders from China may see zero or negligible profit growth next year, with some likely to incur marginal losses, a new report said on Monday. The nonperforming loans ratio, which measures bad loans as a percentage of total loans, ...

Tags: Uneasy Outlook, loans ratio

China Pins Growth Hopes on Consumption, Service

Dec 6, 2015

As demand for exports continues to slip and the real estate sector cools, China expects consumption and the service sector to help pick slack. The nationwide shopping spree on Single's Day (Nov. 11) offered solid proof of the spending ...

Tags: consumption sector, online shopping

China Resumes IPOs

Dec 1, 2015

China resumed initial public offerings (IPOs) on Monday, with an industrial explosives maker becoming the first to offer shares to investors following a four-month freeze. The China Securities Regulatory Commission (CSRC) froze IPOs in ...

Tags: IPOs, industrial explosives maker

China's Online Retail Sales to Reach $1.6 Trillion in Five Years

Nov 11, 2015

China's online retail sales are expected to rise to 10 trillion yuan ($1.6 trillion) in 2020 with the penetration rate doubling from the 2014 level to 22 percent, according to a report unveiled on Monday by Bain&Company and Alibaba. ...

Tags: Online Retail Sales, Alibaba

China to Reduce Income Gap in 2016-2020

Nov 4, 2015

China will adjust its income distribution system and narrow the income gap in the next five years, a document from the Communist Party of China (CPC) said Tuesday. China's aims to "significantly" increase the wages of the low-income ...

Tags: Income Gap, income distribution system

China Eyes Investment in Stabilizing Growth

Nov 4, 2015

China's top economic planner on Wednesday stressed the importance of boosting investment in the fourth quarter of 2015. Increasing investment and stabilizing growth are priorities for the fourth quarter, according to a statement by the ...

Tags: NDRC, top economic planner