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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

China to Accelerate Opening up of Capital Market

Nov 3, 2015

China will continue to support the inclusion of the RMB in the IMF Special Drawing Right (SDR) basket and push ahead with capital account liberalization and the internationalization of RMB, according to a proposal unveiled Tuesday. The ...

Tags: Capital Market, CPC

China Seeks Balanced, Sustainable Growth

Nov 3, 2015

China will coordinate different economic indicators during the next five years to make development more balanced, inclusive and sustainable than before, a latest official document showed. To ensure the realization of a "moderately ...

Tags: economic indicators, Sustainable Growth

China's GDP Expands 6.9% in Q3

Oct 19, 2015

China's economy posted a 6.9-percent growth year on year in the third quarter of 2015, lower than 7 percent in the first half of the year, the National Bureau of Statistics (NBS) announced on Monday. In the first three quarters of the ...

Tags: China's GDP, interest rate

China's Industrial Output up 5.7% in September

Oct 19, 2015

China's value-added industrial output was down in September, partly due to a slowdown in the country's mining and energy sectors, data from the National Bureau of Statistics (NBS) showed on Monday. China's value-added industrial output ...

Tags: Industrial Output, overcapacity

Retail Sales Grow Faster Than Expected

Oct 15, 2015

Sales and orders grew on the high street at a much stronger rate than had been anticipated in the year to September, with the robust pace of growth expected to continue next month, according to the CBI’s latest monthly Distributive ...

Tags: Low inflation, wage growth

China Adopts IMF Data Standard to Boost Economy

Oct 9, 2015

China has adopted International Monetary Fund rules aimed at helping to improve the transparency, reliability and international comparability of the country's statistics. The move, announced on Thursday, is being viewed by Beijing-based ...

Tags: IMF, Economic Statistics

Chinese Luxury Shoppers' Online Spend Rising

Oct 9, 2015

Chinese consumers of luxury products are spending increasingly big money online, as growing use of smartphones makes Internet shopping ever easier, according to a new industry report. The report, by auditor KPMG, Chinese e-retailer ...

Tags: luxury items, smartphones

China's Economy in Q3 Seen to Grow 6.6%

Oct 9, 2015

China's economic data for September may show a stabilizing economy but they can't prevent the third-quarter growth sliding to as low as 6.6 percent, said analysts ahead of the data's release starting next week. "We expect the upcoming ...

Tags: China's Economy, economic data

Power Use Signal Economic Restructuring

Oct 8, 2015

China's slowing power consumption and falling railway freight are signs of progress in economic restructuring, rather than evidence of failing industry, the statistics chief said on Thursday. Power use and rail freight are two major ...

Tags: power consumption, railway freight

Chinese Economy Shows "Strong Fundamentals"

Sep 21, 2015

Despite foreign and domestic challenges facing the Chinese economy, including the recent turbulence in the stock market, former Australian prime minister Kevin Rudd has full confidence in the world's second-largest economy. "I think the ...

Tags: Chinese economy, stock market