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 ...
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
China continued to see a deficit in foreign service trade in November but the volume has narrowed, data from the State Administration of Foreign Exchange (SAFE) showed on Wednesday. The deficit came in at 15.6 billion U.S. dollars, ...
Tags: Trade Deficit
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
The world's first circular high-speed railway line has begun operation in China's southernmost province, Hainan. Locals are hoping the new rail will further promote the economy of the island, which is already a popular tourism attraction. ...
Tags: High-Speed Railway, Hainan
Eco-friendly cars and self-driving technology became the hot topics for the international automobile industry in 2015. In January at Detroit's North American International Auto Show, over 40 new vehicles were unveiled. They included a ...
Tags: Eco-friendly Cars, Self-driving
China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus. The third-quarter surplus under the current account was cut to 60.3 ...
An evaluation report on the "Double Eleven" shopping spree has been released in Beijing, offering insights into China's largest annual online shopping event. The report shows cases of dishonesty connected to e-commerce platforms and ...
Tags: Double Eleven, Credit Report
China refuted recent U.S. comments warning Europe against granting China market economy status on Wednesday, saying China has been living up to its World Trade Organization (WTO) obligations. Chinese Foreign Ministry spokesperson Lu Kang ...
Tags: Market Economy Status
Overseas visitors will be able to claim tax refunds on departure from China in the southwest city of Chengdu. The new policy will take effect from New Year's Day. Visitors can also get their tax refunded in 33 shopping malls in the ...
Tags: Chengdu, Foreign Visitors, Tax Refunds
China's outstanding foreign debt settled at 1.53 trillion U.S. dollars by the end of September, data from the country's forex regulator showed on Wednesday. Most of the debt owed to foreign creditors resulted from short-term borrowing, as ...
Tags: External Debt
Economists and insiders are calling for more effective goverment supervision as a year of wild swings in China's stock market is coming to an end. China fought an unprecedented and costly war in 2015 to contain wide stock market ...
Tongtai continues to build sales of aircraft-making machine tools. (Pictured is group chairman, R.X. Yen)The Tongtai Group of Taiwan estimates machine tools for making aircraft parts to rise to account for 10 percent of its revenue by 2016, ...
Tags: Tongtai, aircraft parts, Manufacturing
China has experienced less serious desertification over the past decade with data revealing that desertified areas have been shrinking, the forestry authority said on Tuesday. By the end of 2014, there was 2.61 million square kilometers ...
Tags: Desertification, Reversed
Beijing's Zhongguancun, one of the country's leading technology hubs, plans to upgrade its core 7.2-km-long street area into one serving innovation and business start-ups, they announced Sunday. Under the plan, the area will cover key ...
Tags: Zhongguancun, Serving Innovation, Start-UPS