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China's State Council Has Approve to Set up The First Cross-Border E-Commerce Pilot Zone

Mar 13, 2015

China's State Council has given approval for Hangzhou, an e-commerce hub, to set up the country's first cross-border e-commerce pilot zone, according to a statement released on Thursday. Hangzhou, capital city of East China's ...

Tags: e-commerce hub, cross-border e-commerce

Chongqing Serves an Important Role in Building China's First Inland FTZ

Mar 13, 2015

Chongqing, as the only municipality in inland of China and a metropolitan area along the Yangtze River, serves an important role in building China's first inland free trade zone (FTZ), a top municipal official said. "According to the ...

Tags: Chongqing, free trade zone

$40 Billion Silk Road Fund Will Be Operated Under a Market-Oriented Approach

Mar 13, 2015

China's $40 billion Silk Road Fund will be operated under a market-oriented approach and the projects it plans to invest in will not be limited to countries along the "One Belt, One Road" route, the fund's chairperson said on Thursday. ...

Tags: Silk Road, foreign exchange reserves

Chinese Currency The Yuan Is Enjoying Rising Acceptance

Mar 13, 2015

With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...

Tags: Service, yuan

China's CPI Grew 1.4% Year on Year in February

Mar 10, 2015

China's consumer price index (CPI), the main gauge of inflation, grew 1.4 percent year on year in February, the National Bureau of Statistics (NBS) said Tuesday. The stronger-than-expected reading quickened from the 0.8-percent gain in ...

Tags: CPI, February Inflation

China's PPI Declined a Record 4.8% in February Amid Weak Domestic Demand

Mar 10, 2015

China's producer price index (PPI), which measures inflation at the wholesale level, declined a record 4.8 percent year on year in February amid weak domestic demand, the National Bureau of Statistics (NBS) said on Tuesday. The ...

Tags: producer price index, wholesale level

Performance of China's Financial Leasing Industry Has Been Mixed

Mar 9, 2015

As China's financial environment has deteriorated, the performance of its financial leasing industry has been mixed. Financial leasing companies associated with banks have continued to receive adequate liquidity, especially because banks ...

Tags: Bank, Financial Leasing Industry

Imports Were Subdued in Another Sign of Continued Weakness

Mar 9, 2015

China's trade rebounded in February from the previous month's surprise contraction, but imports were subdued in another sign of continued weakness in the world's second-largest economy. Exports surged 48.9 percent in February from a year ...

Tags: Dipping Imports, February exports

Peer-to-Peer Lending Is Facing Its First Serious Government Regulation

Mar 9, 2015

Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...

Tags: Peer-to-peer lending, government regulation

China Must up Its Game to Boost Export Growth Against The Backdrop

Mar 8, 2015

Chinese leaders and economists have said China must up its game to boost export growth against the backdrop of an anemic global economic recovery. SIX-PERCENT GROWTH Commerce Minister Gao Hucheng said on Saturday that China is confident ...

Tags: economic growth, export growth

Big Trouble Malting and Spirits will open a new malting facility in Virginia

Mar 6, 2015

Big Trouble Malting and Spirits will open a new malting facility and craft distillery in the city of Petersburg, in the US state of Virginia. As part of its plans, the company will invest in site improvements, equipment, and new building ...

Tags: Agriculture, Food

China's Economic Growth Target for 2015: Putting an End to Months of Speculation

Mar 6, 2015

China unveiled its economic growth target for 2015 Thursday, putting an end to months of speculation.[Special coverage] The target, as expected, was lowered to "around 7 percent," a level not seen since 2004 and 0.5 percentage points ...

Tags: Consumer Electronics, Growth

Hong Kong Was Expected to Play a Bigger Role in Promoting The Country's Development

Mar 6, 2015

China's top economic planner said Thursday that Hong Kong was expected to play a bigger role in promoting the country's development. Xu Shaoshi, minister in charge of the National Development and Reform Commission, told a press conference ...

Tags: Promoting Development, 13th Five-year Plan

Chinese Mainland Stocks Declined as The Country's Leader Lower The Growth Target

Mar 6, 2015

Chinese mainland stocks declined as the country's leader hints at an economic 11-year-low growth target. The benchmark Shanghai Composite Index fell by 0.95 percent or 31.06 points to 3,248.48 points on Thursday. The Shenzhen Component ...

Tags: Chinese stocks, Hang Seng Index

Chinese Economy Scored More Achievements Than Expected

Mar 6, 2015

The Chinese economy is confronted with more difficulties than anticipated in 2014, but it has scored more achievements than expected, said Xu Shaoshi, minister in charge of the National Development and Reform Commission, China's top ...

Tags: Economic Performance, Chinese economy