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Two new foreign trade routes will be opened this year in southwest China's Chongqing Municipality, local authorities said Friday.
China's Tibet Airlines launched three new routes this week linking Tibet's Nyingchi with other major cities in southwest China, Xinhua News Agency's website reported Thursday.
Facebook's planned IPO is likely to give impetus to China's social networking service (SNS) and boost its development, industry insiders say.
Although forecasts for China's growth rate vary, economists agree that the world's second-largest economy will achieve a soft landing in 2012.
Taiwan approved Thursday the Bank of China and Bank of Communications to remit operation funds to their Taipei offices as the mainland headquartered banks prepare to open branches on the island.
Woori Bank of the Republic of Korea (ROK) and the Bank of China signed a memorandum Thursday in Beijing regarding cooperation in currency exchange, marketing and overseas computer networks.
China is considering "involving itself more deeply into" the efforts to address Europe's debt issue through channels like the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM).
Authorities in Northwest China's Xinjiang Uygur autonomous region have rolled out an aggressive job creation program which, along with other measures, aims to provide about 400,000 new jobs this year.
China has emerged successfully from the global financial crisis, but the nation must continue to undertake fundamental reforms to sustain its economic growth and help the rest of the world recover, Nicholas Lardy said.
China's manufacturing sector expanded in January, as indicated by a slight rise in the Purchasing Managers' Index (PMI) to 50.5 from 50.3 in December.
A proactive fiscal policy is a "feasible and indispensable" option to allow China to maintain steady development amid the global downturn.
