This year's Spring Festival will be the first time Wu Rongrong uses China's bullet train to return home. The 2,000 km trip from Beijing, where the 27-year-old works selling sporting goods, to her home city of Guilin in Guangxi Zhuang ...
Tags: Railways, bullet train
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
As the tax authority said, China's pilot program to replace business tax with value-added tax (VAT) reduced tax revenue by 191.8 billion yuan ($30.7 billion) in 2014, the tax authority said Wednesday. The country expanded the VAT reform to ...
Tags: VAT Reform, Tax
An expert told that trade between Brazil and China in 2015 may reverse a downward trend as commodity prices are recovering and Brazil will export more manufactured goods to China. Brazil-China trade dropped significantly in 2014, with ...
Under the agreement that signed in the Swiss ski resort of Davos, China gives Switzerland an 8-billion-US-dollar investment quota under its Qualified Foreign Institutional Investor program, and the two sides plan to open a Chinese bank in ...
Tags: Financial System, banks
The government says China's e-commerce transactions totaled 2.1 trillion US dollars in 2014. The spokesman of the commerce ministry says the number represents growth of 25 percent compared to 2013. China has the world's biggest online ...
Tags: e-commerce, online population
Sales of luxury goods slowed in China during 2014, with the growth rates falling for the first time amid slowing economic growth and brand proliferation, a new study said on Tuesday. Mainland China’s luxury goods market has slowed. ...
Tags: luxury goods, Brain
The Chinese mainland market may have suffered its biggest loss on Monday, but rebounded on Wednesday. 2015 is set to be the first of what is likely to be a three-year bull run for Chinese equities. Chinese households have for the most ...
Tags: Chinese Equities, Bull Market
Due to the euro zone, Japan and some emerging economies disappointing economic prospects, offset by a drop in oil prices brought the global economy, the World Bank cut down global economic growth forecasts on January 13, 2015 and 2016. ...
Tags: Economy, Global Economy
The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, helped by a strengthening job market and lower fuel costs. The preliminary reading was the highest since January 2004, and up ...
Tags: job market, fuel costs, Sporting Goods
Taiwan recorded total export value of US$295.2 billion for 2014, increasing on year by 2.75%, and the value for 2015 is expected to increase by 3.58% on year, according to Taiwan External Trade Development Council (TAITRA), a ...
Tags: export value, economic growth, Electrical
China's 2014 economic growth edged down to a 24-year low of 7.4 percent from 7.7 percent in 2013, the first time that it missed the government's annual target in 16 years, according to data from the National Bureau of Statistics released on ...
Oil industry could ride out a further price slump to $25 a barrel since there is no sign within OPEC toward action to support oil prices. It shows that despite lobbying by Iran and Venezuela, there is little chance of collective action by ...
Tags: Oil industry, crude oil
South Africa is looking for help from China to help it move up the value chain and quicken its industrialization, says Rob Davies, minister of trade and industry of South Africa. Xi met with South African President Jacob Zuma as one of ...
Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. U.S. stocks closed lower, marking a fifth straight session of losses, as bank results disappointed and ...
Tags: Oil Prices, U.S.stocks