Business

Huge potential exists for China-UK economic cooperation: spokesman

A spokesman for China's Ministry of Commerce said Thursday that economic and trade cooperation between China and Britain had huge room for development.

China's economy expands 6.9 pct in 2017, beats forecasts

China's economy ended 2017 on strong footing with a better-than-expected growth rate and improved structure, official data showed Thursday.

Chinese consumers enjoy cross-border shopping

Cross-border shopping by Chinese consumers boomed in 2017, with maternity and baby products topping choices.

China doubts credibility of U.S. report on IPR protection

China expressed doubts over "the objectivity and credibility" of a U.S. report that listed some Chinese marketplaces as one of the so-called "notorious markets" for pirated and fake products.

China's home prices remain stable in December

China's property market remained largely stable in December with house prices edging down slightly in major cities amid tough purchase restrictions, the National Bureau of Statistics (NBS) said Thursday.

China sees more balanced cross-border capital flow in 2017

China saw more balanced cross-border capital flow in 2017 as willingness to purchase the greenback waned thanks to rising confidence in the Chinese yuan and the domestic economy.

Auto Industry Insiders Call for Public Education on AI at NAIAS

Artificial intelligence has been a hot topic at the on-going 2018 North American International Auto Show, which will last until the 28th. 

China cuts U.S. treasuries holdings in November 2017

China cuts its holdings of U.S. Treasury securities in November 2017 after adding 8.4 billion U.S. dollars in October.

Alibaba shuts down 240,000 online stores selling fake goods in 2017: report

China's e-commerce powerhouse Alibaba shut down 240,000 online stores suspected of selling fake products in 2017, according to a report published by the company.

DiDi launches bike-sharing service platform

Chinese ride-sharing giant DiDi Chuxing launched a bike-sharing platform within its mobile app Wednesday.

Alibaba plans to hire 60-year-old workers on $60,000 salary

Alibaba plans to pay 350,000 yuan to 400,000 yuan ($54,466 to $62,247) annual salary to two employees aged above 60 to work for its e-commerce platform Taobao in Hangzhou, Zhejiang province.
 

China's central SOEs report falling debt-to-asset ratio

China's centrally administered state-owned enterprises (SOEs) reported a falling debt-to-asset ratio last year as regulators took measures to contain debt in the sector, official data showed Wednesday.

Wanda divesting out of London ONE

Chinese conglomerate Dalian Wanda is reportedly selling 60 percent of its stock rights to London ONE, reports thepaper.cn.
 

Chinese tourists make 5.1 bln trips in 2017

Chinese tourists made five billion domestic trips and 129 million trips abroad in 2017. Thailand ranks top among all destinations worldwide, followed by Japan, the United States and Indonesia.

Ford pumps billions into electric cars for China

US auto giant Ford has revealed an $11 billion investment in electric cars, with which  it will launch 40 models with new engine technology by 2022.

Amazon China: 80 percent buyers born in the 80s and 90s

​Online retailer Amazon has said Chinese consumers were keen to buy quality products with personalized characteristics on the online shopping platform in 2017.

Ofo to launch bikes with Japanese bear icon

Chinese bike-sharing firm Ofo has announced plans to launch 50,000 bicycles bearing a black bear image from the western Japanese prefecture of Kumamoto.

China's economic contribution lauded at the Asian Financial Forum

A sense of optimism is said to have been generated about Asia's overall economic health from the now-concluded Asian Financial Forum in Hong Kong, with the role of the Chinese mainland being lauded in the region.

China 2017 FDI rises to record high, ODI falls

Foreign direct investment (FDI) into the Chinese mainland posted steady growth in 2017, through further opening up and improved structure of foreign investment.

AIIB no rival to other MDBs, doors always open to US, Japan

The Asian Infrastructure Investment Bank will never be a rival to other multilateral development banks, according to AIIB President Jin Liqun, adding that the doors are always open to, among others, the US and Japan.

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