The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
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
In 2014, the global CNC machine tool output value approximated USD48.1 billion, with the CNC level standing at about 60%. Particularly, the developed countries such as Japan, the United States, Germany, and South Korea enjoyed relatively ...
Tags: CNC machine, machine tool
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, ...
First-tier China-based PV module makers have been setting up PERC (passivated emitter and rear cell) solar cell production lines to meet growing demand for high-efficiency PV modules in the China market, with an estimated total annual ...
Tags: Solar Cell, PV modules
Changsha, capital city of central China's Hunan Province, will offer 72-hour visa-free entry for international transit passengers starting Jan. 1, 2016. The policy covers travelers from 51 countries, including 37 in Europe, six in the ...
Tags: Visa-free Entry
Tourism authorities in Hong Kong and Guangzhou have signed agreements in Hong Kong on Wednesday to crack down on low-cost tours and forced shopping. Authorities will publish a list of some 40 travel agencies in Guangzhou who operate tours ...
Tags: Low-cost Tours
China is going to include another six destinations in its tax rebate scheme for overseas visitors, with an aim to boost its inbound tourism and consumption. Foreign tourists visiting Liaoning, Anhui, Fujian, Sichuan, Tianjin and Xiamen ...
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
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 ...
China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...
Tags: China Central Bank, Online Payment
Taiwan's education department increased the quota of mainland students who want to study in a two-year program to achieve a bachelor's degree on Monday. The quota will be raised from 1,000 to 1,500 for the academic year of 2016-2017, said ...
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
China is set to become the global leader in renewable technology, aiding the rise of a moderately prosperous society following the significant reforms implemented in the five-year plans. Frederic Neumann, co-head of Asian Economic ...
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil