Asia Economy news, Markets and Business Trends - Made-in-China.com

China to Further Capital Market Opening

Feb 10, 2016

China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...

Tags: Capital Market, SDR basket

Record Users for Online Money Giving

Feb 9, 2016

Internet company Tencent on Monday reported record user participation in sending and receiving gift money on the eve of Spring Festival via its messaging platform. The number of digital "red envelopes" with gift money sent and received ...

Tags: Online Money Giving, Tencent

China's Forex Reserves Continue to Drop

Feb 7, 2016

China's foreign exchange reserves dropped by 99.47 billion U.S. dollars from December to 3.23 trillion U.S. dollars at the end of January, the central bank said Sunday. The decrease was milder than a month-on-month decline of 107.9 ...

Tags: Forex Reserves, foreign exchange

Shanghai 2015 GDP Grows 6.9 Pct

Jan 22, 2016

Shanghai's GDP grew at the same pace as the country with economic growth of 6.9 percent recorded in 2015, the local statistics bureau announced Wednesday. According to preliminary calculations, Shanghai's GDP stood at about 2.5 trillion ...

Tags: Shanghai's GDP, GDP

China's Economy Transitioning Not Derailing

Jan 22, 2016

China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...

Tags: Economy Transitioning, Economy

China to Reform Old, Boost New Growth Engines

Jan 22, 2016

Breakthroughs will be made in steel and coal sectors in reforms of traditional industries, along with China's efforts to cultivate new growth engines, the Chinese premier said on Wednesday. It is crucial to make a good start for the 13th ...

Tags: Growth Engines, traditional industries

Beijing Reports 6.9% GDP Growth in 2015

Jan 21, 2016

Beijing's GDP growth was 6.9 percent in 2015 and it will maintain steady growth for the next year, the statistics bureau announced Thursday. Beijing's GDP was about 2.29 trillion yuan (about 350 billion U.S. dollars) in 2015 and its ...

Tags: GDP growth, Service

China's Outbound M&A Hit US$111.9b in 2015

Jan 13, 2016

China's outbound M&A volume increased for the sixth consecutive year to a record high of $111.9 billion in 2015, breaching the $100 billion mark for the first time ever, says a recent report from Dealogic, an international information ...

Tags: Outbound M&A

China to Remain Global Economy Driver

Jan 13, 2016

China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday. "China will continue to grow economically and continue to be the main ...

Tags: global economy, sufficient investment opportunities

China's Startup Boom Continues

Jan 13, 2016

China saw a record number of firms established in 2015 despite the slowing economy, official data showed. Chinese set up a total of 4.44 million companies last year, up 21.6 percent from a year ago, which means 12,000 new companies every ...

Tags: Chinese economy, economic slowdown

China Plans More Cross-Border E-Commerce Zones

Jan 7, 2016

China will set up more cross-border e-commerce pilot zones, the State Council announced Wednesday. The zones will attract businesses, help create jobs and nurture new business models to boost foreign trade and stimulate the economy, ...

Tags: E-Commerce Zones, financial services

Foreign Investment in China Hits Record in 2015

Jan 5, 2016

Foreign investment in China reached a record 126 billion U.S. dollars in 2015, according to new official data. In the first 11 months of the year, China took in 114 billion U.S. dollars in non-financial investment, up 7.9 percent year on ...

Tags: Foreign investment, foreign capital

Central Bank Injects BLNs to Ease Liquidity Strain

Jan 4, 2016

China's central bank on Tuesday pumped the biggest amount of funds since September into the financial system in open market operations in an effort to ease a liquidity strain. The People's Bank of China (PBOC) conducted seven-day reverse ...

Tags: China's central bank, PBOC statement

China's Non-Manufacturing PMI Rises to 54.4 in Dec.

Jan 1, 2016

China's service sector activity expanded strongly in December, a monthly survey showed Friday. The purchasing managers' index (PMI) for the non-manufacturing sector came in at 54.4 in December, up from 53.6 in November and also the ...

Tags: Non-Manufacturing PMI, PMI

China Manufacturing PMI Edges up in December

Jan 1, 2016

China's factory activity picked up a bit in December but remained in contraction as downward pressure persisted in the manufacturing sector, official data showed Friday. China's manufacturing purchasing managers' index (PMI) came in at ...

Tags: Manufacturing PMI, PMI