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

China's Industrial Profits Growth Quickens in March

Apr 28, 2016

Profits of China's major industrial firms rose 11.1 percent year on year in March, widening from a 4.8 percent growth in the Jan.-Feb. period, official data showed on Wednesday. The profits of major industrial companies with annual ...

Tags: Industrial Profits, computer communication

China State Firms' Profits Dent in Q1

Apr 28, 2016

Many of China's state-owned enterprises (SOEs) reported drops in profits in Q1, as building materials, electronics and tobacco firms reported large profit declines, Ministry of Finance data showed on Tuesday. The combined profits of ...

Tags: state-owned enterprises, electronics, building materials

Chinese Consumers Less Optimistic in April

Apr 28, 2016

Chinese consumer sentiment eased slightly in April, while a range of spending gauges improved thanks to a better outlook for retail sales and consumption expenditure in general, a latest study shows. The Westpac MNI China Consumer ...

Tags: housing market, consumer sentiment

China's Q1 Tax Revenue up 9.8%

Apr 21, 2016

China collected 2.98 trillion yuan ($458 billion) in taxes in the first quarter of 2016, up 9.8 percent year on year, data from the State Administration of Taxation (SAT) showed on Wednesday. Tax collected from tertiary industry rose 12 ...

Tags: tax revenue, high-end manufacturing

More Lock-up Shares to Become Tradable in China

Apr 5, 2016

Lock-up shares worth nearly 9 billion yuan (1.4 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming trading week. The mainland's Shanghai and Shenzhen stock markets are closed on Monday for the ...

Tags: Lock-up shares, stock markets

Yuan Widely Used to Settle Payments

Apr 5, 2016

The global transaction services organization SWIFT says the Chinese currency is increasingly being used by financial institutions worldwide to settle transactions. The organization said the yuan remained the fifth most used currency for ...

Tags: SWIFT, Chinese currency

PBC Injects More Money Into Market

Apr 3, 2016

China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...

Tags: liquidity strain, PBC

Economic Indicators Signal Recovery of Economy

Apr 3, 2016

China's economy may have just come back for a recovery, recent economic indicators signaled. Latest data showed that China's manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector ...

Tags: Economy recovery, manufacturing activity

China Cuts Its Holding of US Treasuries in January

Mar 15, 2016

China, the top buyer of U.S. Treasury securities, cut its holding for the second consecutive month in January, the latest data from the Treasury Department showed Tuesday. China reduced its holding of the treasuries by 8.2 billion U.S. ...

Tags: Treasury securities, U.S.treasuries

China's New Yuan Loans Drop in Feb.

Mar 12, 2016

China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...

Tags: China's New Yuan, new loans

China's FDI Grows in Jan.-Feb.

Mar 11, 2016

Foreign direct investment (FDI) in the Chinese mainland continued to grow steadily in the first two months of this year despite slowing overall growth. FDI, which excludes investment in the financial sector, rose 2.7 percent year on year ...

Tags: Foreign direct investment, high-tech service

China February Consumer Prices up 2.3%

Mar 10, 2016

China's consumer prices increased 2.3 percent in February from one year earlier, up from January's 1.8 percent, official data showed Thursday. The inflation rate, the highest since July 2014, beat expectations as economists from the ...

Tags: Consumer Prices, inflation rate

Overview of China-EU Bilateral Trade From Jan. to Sep. in 2015

Feb 29, 2016

From January to September in 2015, imports & exports value between China and EU was USD 426.83 billion, down 7.4%. EU’s exports to China was USD 140.33 billion, down 13.7% and imports from China was USD 286.5 billion, down 3.9%. EU ...

Tags: Bilateral Trade, optical devices

Apple Pay Launched in China

Feb 19, 2016

Apple, partnering with Chinese bankcard association UnionPay, launched its mobile payment system Apple Pay on Thursday in China, one of the world's largest mobile-payment markets -- but one already dominated by local players like Alibaba ...

Tags: Apple Pay, UnionPay

Spring Festival Tourism Revenue Rises in Beijing

Feb 14, 2016

Tourism revenue in Beijing rose 2.9 percent year on year during the week-long Spring Festival holiday, according to the municipal tourism commission. Tourism revenue reached 4.92 billion yuan (753 million U.S. dollars) during the holiday, ...

Tags: Tourism Revenue, tourism commission