BUSINESS >> Economy

China has the capacity, confidence to prevent systemic risks, says PBC governor

China has the capacity to control systemic risks while maintaining steady growth, said Zhou Xiaochuan, governor of the People’s Bank of China (PBC) on Saturday.
Source: Xinhua | 2017/10/15 21:53:39

China has confidence to prevent systemic risks: PBOC governor

China has capacity and confidence to control systemic risks while maintaining steady growth, said Zhou Xiaochuan, governor of the People's Bank of China (PBOC) on Saturday.
Source: Xinhua | 2017/10/15 7:54:03

Dubai Crown Prince launches future investment center

Dubai Crown Prince Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum on Saturday launched the Hamdan Center for the Future of Investment "to enhance the contribution of foreign direct investment to sustainable development," United Arab Emirates (UAE) state news agency WAM reported.
Source: Xinhua | 2017/10/15 6:50:04

China's new yuan loans expand in September, M2 growth accelerates

China's new yuan-denominated lending in September hit 1.27 trillion yuan (about 192.8 billion US dollars), up from 1.09 trillion yuan in August, central bank data showed Saturday.
Source: Xinhua | 2017/10/14 11:10:30

Prospect of Brexit continues to mute British services sector: business group

British economioc growth in services sector continues to remain muted by the prospect of Brexit, figures released on Friday showed.
Source: Xinhua | 2017/10/14 7:32:05

China's central bank injects funds into market via MLF

China's central bank Friday injected fresh funds via its medium-term lending facility (MLF) to keep liquidity stable.
Source: Xinhua | 2017/10/13 13:58:08

China's goods trade volume up 16.6 pct in Jan.-Sept.

China's goods trade volume rose 16.6 percent to 20.29 trillion yuan (3.08 trillion US dollars) in the first three quarters of this year, official data showed Friday.
Source: Xinhua | 2017/10/13 11:24:21

Los Angeles Area Chamber of Commerce urges caution over investigation into Chinese business practices

Los Angeles Area Chamber of Commerce, the largest and most influential business association in the Los Angeles area, urged the US Trade Representative to be cautious over Section 301 investigations into Chinese trade practices.
Source: Xinhua | 2017/10/13 10:05:34

World Bank chief says China's poverty reduction effort is historic

World Bank President Jim Yong Kim said on Thursday that China's effort to help 800 million people out of poverty is historic.
Source: Xinhua | 2017/10/13 9:52:53

Robust VC financing in Q3: KPMG

The Chinese mainland recorded robust venture capital (VC) activities in the third quarter, with artificial intelligence (AI) and automotive engineering the key areas of investment, according to a report released by international auditing firm KPMG, the Xinhua News Agency reported on Thursday.
Source: Xinhua | 2017/10/12 22:03:40

Innovation to beat middle-income trap

China is becoming an innovation-driven developing economy, and innovation can help the country avoid the “middle-income trap,” an HSBC report said.
Source: Global Times - Xinhua | 2017/10/12 21:58:40

Evergrande chief tops China rich list in 2017

Xu Jiayin, 59, chairman of property company Guangzhou Evergrande Group, has become China’s richest person for the first time with 290 billion yuan ($44 billion) in wealth after a six-month gain of $30 billion, according to a post on the Hurun Research Institute website.
Source: Global Times | 2017/10/12 21:53:40

China values IPR protection, opposes unilateral action: MOFCOM

China places a high value on protection of intellectual property rights (IPR), and hopes that the US will seek cautious action to avoid hindering the sound growth of bilateral economic and trade relations between the two countries, a trade official said Thursday.
Source: Global Times | 2017/10/12 21:53:40

Continued innovation to help China avoid middle-income trap: HSBC

China is becoming an innovation-driven developing economy, and innovation, if continued, will help the country ward off the "middle-income trap", according to a recent HSBC report.
Source: Xinhua | 2017/10/12 17:18:20

China highly values IPR protection, opposes unilateral action: MOFCOM

China has been highly valuing intellectual property rights (IPR) protection and opposing any form of protectionism, in hopes that the US will seek cautious action to avoid hindering the sound growth of bilateral economic and trade relations between the two countries, a senior trade official said Thursday.
Source: Global Times | 2017/10/12 15:58:39

US Fed officials expect one more rate hike this year

US Federal Reserve could raise interest rate one more time this year if the economy continues moderate expansion, the minutes of the Fed's latest monetary policy meeting showed Wednesday.
Source: Xinhua | 2017/10/12 13:32:27

IMF raises China 2017 growth forecast due to its progress in economic reform

The International Monetary Fund (IMF)'s move to raise its forecast for China's economic growth to 6.8 percent reflects the country's recent progress in trimming financial risks and deepening economic reform, US experts have said.
Source: Xinhua | 2017/10/12 9:45:39

CIS countries to strengthen economic, security cooperation

Leaders of the Commonwealth of Independence States (CIS) signed a series of deals on Wednesday to expand economic and security cooperation within the Russia-led organization.
Source: Xinhua | 2017/10/12 9:42:52