China / Economy

Chinese economy deserves far-sighted optimism

[2014-04-16 20:46]

China's 7.4 percent economic growth in the first quarter has dismissed fears about a possible "hard landing" of the world's second-largest economy, as some pessimists predicted.

China's rare earth firm Q1 profit slumps 70%

[2014-04-16 20:33]

China's major rare earth producer Inner Mongolia Baotou Steel Rare-Earth Group said its net profit slumped 71.71 percent year on year to 69.38 million yuan (11.26 million U.S. dollars) in the first quarter of 2014.

California seeks to expand high-tech, bio-tech ties

[2014-04-16 20:21]

California, one of China's largest trading partners in the United States, is trying to drum up more cooperation with Chinese businesses in high-tech and bio-tech sectors.

Some consumers not protecting their rights

[2014-04-15 21:43]

Around 20 percent of consumers failed to take advantage of a new consumer law enacted on March 15 that gives them seven days to return goods for refunds.

Drugmaker revises description of aconitum products

[2014-04-15 21:08]

Yunnan Baiyao Group, a traditional Chinese medicine maker based in Yunnan province, said on its website that it had revised the introductions of some of its products as required by the China Food and Drug Administration.

Weibo posts bigger quarterly loss ahead of IPO

[2014-04-15 20:58]

Sina Weibo, China's No 1 micro-blogging platform, which is preparing a Nasdaq initial public offering this week, reported a larger first-quarter net loss than a year ago.

Baidu taps into mobile payment

[2014-04-15 20:56]

Baidu Inc, China's largest Internet search company, launched its mobile payment solution, Baidu Wallet, on Tuesday.

5 Boeing jets put into service in China in past year

[2014-04-15 20:53]

Five Boeing Business Jets have been put into service in China since April 2013 and the Chinese market for ultra-long haul business jets continues to grow.

Langfang to host annual economic fair

[2014-04-14 21:05]

Langfang, Hebei province, will host the annual International Economic & Trade Fair from May 18 to 21, with a highlight of the fair being a conference on the integrated development of Beijing, Tianjin and Hebei province.

No stimulus for a resilient economy

[2014-04-14 21:05]

The Chinese economy has enough capacity and resilience to sustain the slowing down of economic growth. The main function of the central government's monetary and financial policies is to ensure the security and stability of the financial system, not to pursue economic growth.

Nearly half in poll support deposit-interest liberalization

[2014-04-14 20:53]

About 49 percent of the respondents in a recent poll among 2,000 urban residents across the country agreed with the liberalization of deposit interest rates, while 36 percent opposed it.

New baby formula debuts in Hebei

[2014-04-14 20:50]

new brand of baby formula made its debut in Hebei province over the weekend.

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