BUSINESS >> Economy

China Caixin service PMI falls to 21-month low

China's service sector growth slowed in September, as a private survey showed Monday that an index for the sector fell to the lowest in 21 months.
Source: Xinhua | 2017/10/9 15:02:52

US Nobel laureate outlines key elements of innovative economy

Creating a learning society, openness and communication, and valuing knowledge and truth are three important ingredients for an innovative economy, Nobel Prize winner and renowned economist Joseph Stiglitz said Sunday in New York.
Source: Xinhua | 2017/10/9 11:02:15

Poyang Lake Bridge

A worker of Road & Bridge South China Engineering Co is on the construction site of the Poyang Lake bridge during the National Day holidays in Jiujiang, East China’s Jiangxi Province.
Source: VCG | 2017/10/9 9:48:39

Canton Fair set to kick off

The 122nd China Import and Export Fair, also known as the Canton Fair, will kick off on Sunday next week in Guangzhou, capital of South China’s Guangdong Province, according to the website of the fair.
Source: Global Times | 2017/10/8 22:08:39

Golden week prompts another wave of cross-border payments

With the conclusion of eight-day Golden Week holidays, consumers are wrapping up their overseas trips having taken advantage of more options with different discounts.
Source: Global Times | 2017/10/8 22:03:39

China's economic shift creates opportunities for other emerging markets: report

China's pursuit of high-end manufacturing and relocation of labor-intensive factories will generate opportunities for other emerging markets (EMs) in Asia to bolster economic growth, Fitch said in a report.
Source: Xinhua | 2017/10/8 6:52:37

Oil prices projected to recover after late 2020: report

Global oil prices will remain in the range of 50-60 US dollars a barrel until late 2020 and will increase thereafter, according to Oil & Gas Journal.
Source: Xinhua | 2017/10/7 16:31:55

China's RRR cut a breakthrough in policy tools: economist

China's latest cut to the amount of cash lenders must hold as reserves is a breakthrough in policy tools, an economist with Credit Suisse said, adding there are no changes in the country's monetary policy.
Source: Xinhua | 2017/10/7 16:30:27

Preparatory work begins on resettlement for Xiongan New Area

Preparatory work has begun on the construction of resettlement areas for the Xiongan New Area, a new economic zone southwest of Beijing, said a senior official with the Xiongan New Area management committee.
Source: Xinhua | 2017/10/7 12:19:18

IMF urges G20 to ensure sustainable growth amid faster recovery

The International Monetary Fund (IMF) on Friday urged G20 to continue implementing reforms in order to rebalance their economies and ensure the sustainability of growth.
Source: Xinhua | 2017/10/7 11:57:52

Interview: China makes impressive strides in innovation: WEF economist

China's economy has made impressive strides in innovation over the past decade and is punching above its weight, World Economic Forum (WEF) economist Thierry Geiger told Xinhua in an interview.
Source: Xinhua | 2017/10/7 11:55:58

IMF warns of "sizeable downside risks" for Cypriot economy

The International Monetary Fund (IMF) urged Cyprus Friday to get rid of "important legacies from its earlier boom bust cycle", despite an "impressive turnaround" of the economy following the 2013 bailout and the banking crisis.
Source: Xinhua | 2017/10/7 11:52:31

China will not resume rapid credit expansion to fuel growth, US scholar says

China will not resume the rapid credit expansion of recent years to fuel growth as authorities have made controlling financial risks a top priority, a leading US scholar on China said Thursday.
Source: Xinhua | 2017/10/6 12:23:35

China's holiday tourism market remains stable

China's tourism market was in stable operation on the fifth of the National Day holiday with 93 million Chinese tourists traveling around the country, the China National Tourism Administration (CNTA) said on Thursday.
Source: Xinhua | 2017/10/6 10:52:31

Lagarde says IMF more optimistic about global recovery

The International Monetary Fund (IMF) is more optimistic about global recovery than in July, while urged countries to take the upswing to carry out reforms to support inclusive and sustainable growth.
Source: Xinhua | 2017/10/6 10:06:17

Big fall in British car sales as Brexit fears weigh on market

The number of new cars sold in Britain has fallen drastically due to uncertainty over Brexit and fears in the car finance market that easy credit might be fueling a credit bubble.
Source: Xinhua | 2017/10/6 10:05:50

CDB channels more than 50 billion USD to Africa in first half 2017

China Development Bank (CDB) accumulatively extended loans of more than 50 billion US dollars to 43 African countries in the first half of this year.
Source: Xinhua | 2017/10/5 18:04:07

West shouldn't underestimate importance of OBOR cooperation: British former PM

China and Eurasia's engagement with Europe is the "biggest story in town" for the global economy, said British former prime minister Gordon Brown Wednesday on the Sustainable Silk Roads Conference held in Edinburgh, the capital city of Scotland.
Source: Xinhua | 2017/10/5 9:37:59