China Industry & Market News by Made-in-China.com

China to Replace Subsidy with Reward to Underpin PPP Projects

Dec 22, 2015

In a bid to support public-private partnership projects, China will provide rewards instead of subsidies in a pilot scheme starting from next year. The Ministry of Finance said private partners in the PPP demonstration projects will be ...

Tags: PPP Projects, China

China Focuses on Innovation to Boost Economy Amid Global Innovation Trend

Dec 22, 2015

Against the backdrop of the gloomy global economy, almost all countries have taken innovation as a key to success. So does China. On top-level design, China's 13th Five-Year Plan for 2016-2020 clearly lists innovation as the number one ...

Tags: Innovation, China, Innovation Trend

Chinese Airline Buys Over 100 Jets From Boeing

Dec 22, 2015

China Southern Airlines is buying more than 100 Boeing-737 jets in a deal worth about 10 billion US dollars. The airline and its Xiamen Airlines unit will buy 30 737-Next Generation jets and 80 737-Max aircraft. The order comes after ...

Tags: Chinese Airline, Jets, Boeing

Sinopec Acquires 10 Pct Share of Russia's Sibur

Dec 22, 2015

China's largest oil refiner Sinopec has completed a deal to acquire a 10 percent share of Russia's largest gas processing company Sibur. Under the deal, Sinopec will have the right to nominate a representative to Sibur's board of ...

Tags: Sinopec, Russia's Sibur

China's Top Think Tank Forecasts 6.8 Percent Growth

Dec 22, 2015

China's top think tank predicts that China will see its economic growth post between 6.6 and 6.8 percent in the coming year. The number comes ahead of a major economic conference this week, during which authorities are to evaluate the ...

Tags: China's Top Think Tank, Growth

China-S. Korea, China-Australia Ftas to Take Effect on DEC. 20

Dec 22, 2015

The Free Trade Agreements that China signed with South Korea and Australia are set to take effect on Sunday. Under the agreements, the countries will implement the first tariff cuts on December 20, and the second cuts on January 1. ...

Tags: Free Trade Agreements

Chery 1st Chinese Automaker to Produce 5 Mln Cars

Dec 22, 2015

Chery Automobile has become the first Chinese automaker to have produced five million cars. The five millionth, Chery's best-selling model Arrizo5, rolling off a production line on Friday capped a good year for the company in defiance of ...

Tags: Chery, 5 Mln Cars

Apple Pay Comes to China in Unionpay Partnership

Dec 22, 2015

pple and China UnionPay announced a partnership to bring the digital wallet of Apple Pay to China on Friday, cashing in on the popularity of such services in the country. China UnionPay cardholders will be able to link their bank cards to ...

Tags: Apple, Unionpay

China Sets to Stress Test Securities, Futures Institutions

Dec 22, 2015

China's securities supervisor said on Friday that it plans to stress test its securities and futures institutions to assess how they perform under extreme conditions. During the tests, conditions of a wide swing in the capital market or ...

Tags: Securities, Futures Institutions

First Batch of Funds Registered for Mainland-HK Mutual Recognition

Dec 22, 2015

China's securities regulator announced on Friday that it has registered the first batch of Mainland-Hong Kong Mutual Recognition of Funds (MRF). China Securities Regulatory Commission (CSRC) has registered three Hong Kong funds under the ...

Tags: Funds Registered, Mainland-HK

China's Silk Road Fund to Buy Into Russian LNG Project

Dec 22, 2015

China's Silk Road Fund, a medium- to long-term investment fund, will buy 9.9 percent of a Russian liquefied natural gas (LNG) project. The Silk Road Fund said Friday that it entered into a set of binding agreements with Russia-based ...

Tags: China's Silk Road Fund, LNG Project

Experts Confident About China's Service Sector Growth

Dec 22, 2015

Experts believe that China's service industry will keep up high growth levels in the next few years. Liu Yuanchun, a dean at Renmin University of China, predicts an 8-percent growth rate for the sector. "There is no problem for China to ...

Tags: China's Service Sector Growth

British Marks & Spencer Opens First Store in Beijing

Dec 22, 2015

British clothing and food retailer Marks & Spencer has opened its first store in Beijing, located in the CBD area. Costas Antimissaris, International Director of the retailer, says their strategy is to focus on big cities. "Our strategy ...

Tags: Marks&Spencer, food retailer, clothing

HK Welcomes Mutual Recognition of Funds Arrangement

Dec 22, 2015

Hong Kong's Financial Secretary John Tsang on Friday expressed welcome to the mutual recognition of funds arrangement between the mainland and Hong Kong. "The mutual recognition of funds arrangement further deepens the mutual access ...

Tags: Mutual Recognition, Funds Arrangement

China Vanke Suspends Trading After Chair Opposes Shareholder's Leveraged Buying

Dec 22, 2015

China Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, saying that it's planning to issue new shares for capital restructuring and assets acquisition, according to a statement on the Shenzhen Stock Exchange. The statement ...

Tags: Vanke, trading