China Economic News, Chinese Economy & Company - Made-in-China.com

Taiwan's Economy to Grow 1.03 Pct in 2016

Oct 24, 2016

A Taiwan think tank Chung-Hua Institution for Economic Research (CIER) raised its forecast for Taiwan's annual economic growth for 2016 to reflect improvement of demand inside the island. The island's gross domestic product (GDP) is ...

Tags: Taiwan's Economy, CIER

Yuan Tumble Unlikely Despite Weakening

Oct 24, 2016

Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...

Tags: Chinese currency, renminbi

Consumption Growth Called Key

Oct 24, 2016

Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said. "China is on the ...

Tags: Consumption, economic driver

China's Tax Revenue up 7 Pct in Nine Months

Oct 24, 2016

China collected 8.97 trillion yuan (1.33 trillion U.S. dollars) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said Thursday. The tax revenue growth in the first nine months this ...

Tags: tax revenue, taxes

China, Philippines Eye Enhanced Economic Ties

Oct 21, 2016

China and the Philippines on Thursday pledged to improve economic ties through cooperation. During a meeting with Philippine President Rodrigo Duterte at the Great Hall of the People, Chinese Premier Li Keqiang said China and the ...

Tags: Economic Ties

China Foreign Trade Still Faces Strong Headwinds

Oct 19, 2016

China's foreign trade still faces strong headwinds as uncertainties mount, a commerce official said Tuesday. The difficulties will not end in the near term, with uncertain and unstable factors increasing, Shen Danyang, spokesperson for ...

Tags: Foreign Trade

Optimism Among Traders as Canton Fair Opens

Oct 17, 2016

Chinese manufacturers and traders were optimistic about overcoming global economic headwinds as they turned up at the month-long Canton fair which opened its 120th session on Saturday at the southern city of Guangzhou. The biannual event, ...

Tags: Canton Fair

RMB Records Weakening Streak Against USD

Oct 13, 2016

The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...

Tags: RMB, USD

NE China Port Benefited From Belt and Road Initiative

Oct 12, 2016

Yingkou Port, in the northeastern province of Liaoning, has seen a rise in freight volume despite the sluggish local economy, thanks to the Belt and Road Initiative. During the first nine months of this year, the port registered combined ...

Tags: Belt and Road Initiative, China Port

Russian Ice Creams Hot in China

Oct 11, 2016

Ice creams made in Russia are gaining popularity in China after Russian President Vladimir Putin brought them as a gift for President Xi Jinping during the G20 summit in Hangzhou earlier this month. Xi, who turned out to be a fan of ...

Tags: Ice Creams, Food

Nuclear Firm Confident Reactor Can Pass UK Test

Oct 10, 2016

China General Nuclear Power Corp has said it is confident that the Chinese-made Hualong One reactor will pass Britain's strict approval process in five years. The technology, also known as HPR1000, will be submitted to the UK Office for ...

Tags: Nuclear

Renminbi's Inclusion in SDR

Oct 9, 2016

"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...

Tags: RMB, Renminbi, SDR

China Promotes Sci-Tech Cooperation

Oct 9, 2016

The Chinese government has released a plan on scientific and technological (S&T) cooperation between China and countries along the Belt and Road. China plans to set up joint labs, research centers, tech transfer centers and S&T parks with ...

Tags: Belt and Road, Sci-Tech Cooperation, China

Mainland-Macao Trade Slumps in First 7 Months

Sep 27, 2016

Trade between the Chinese mainland and Macao dropped by 26 percent year on year to 1.96 billion U.S. dollars during the first seven months of 2016, according to figures from the Ministry of Commerce. The mainland's exports to Macao ...

Tags: Macao capital, investment projects

China's Service Outsourcing Continues to Grow

Sep 27, 2016

China's service outsourcing industry continued to grow in the first eight months, the Ministry of Commerce (MOC) said on Tuesday. Chinese companies agreed service outsourcing contracts worth 629 billion yuan (95 billion U.S. dollars) in ...

Tags: service outsourcing industry, green industry