China / Economy

China to approve up to 5 new banks in 2014

[2014-01-06 20:06]

China will approve the establishment of three to five private banks on a trial basis this year, the country's top industry regulator said on Monday.

Tuning up for 2014 reform

[2014-01-06 01:42]

China has set a course of major economic changes but extent and pace of implementation remains the big question, Andrew Moody reports

Chinese vice premier stresses innovation for trade growth

[2014-01-04 02:11]

China must promote restructuring in exports and imports to aid the transformation and upgrade of industry as part of its efforts to cultivate new advantages in foreign trade, Vice Premier Wang Yang said on Friday.

PMI falls to lowest for four months

[2014-01-04 00:25]

Business activity in the service sector fell to a four-month low in December, with most industries striving to find new growth engines amid slowed exports.

First new Chinese carriers in six years take to the air

[2014-01-03 20:02]

Zhejiang Loong Airlines Co Ltd made its first flight on Dec 29, becoming the first new air carrier in China since 2007.

China demands accuracy of economic census data

[2014-01-03 19:54]

Chinese Vice Premier Zhang Gaoli on Friday said that accuracy is key for the data collected in the ongoing third national economic census.

China oil demand drops 2.1% in November

[2014-01-03 19:04]

China's oil demand in November fell 2.1 percent year-on-year to an average 9.9 million barrels a day, according to a report by Platts that was based on China's latest government data.

Futures market records major increase

[2014-01-03 19:04]

Trading value in China's futures market in 2013 reached 267.4 trillion yuan ($44.2 trillion), a 56.3 percent year-on-year increase.

Tsingtao Brewery accelerates expansion

[2014-01-02 22:23]

Tsingtao Brewery acquired a local beer producer in North China's Hebei province, and launched a joint venture with another in Shijiazhuang, wrapping up a storm of expansion in 2013.

Allianz Insurance offers cash payouts for gloomy weather

[2014-01-02 21:33]

German insurance company Allianz has launched a new series of travel insurance products that include payouts for those who do not get enough sun during the Spring Festival holiday.

Corporate credit linked with environmental efforts

[2014-01-02 20:49]

The Chinese government will use "environmental credits" to gauge companies' pollution control efforts and influence the treatment they get in various social aspects.

Murdoch to sell remaining shares in Star China TV

[2014-01-02 20:20]

China Media Capital, together with Star China's management team, will acquire 21st Century Fox's 47 percent stake in Star China TV.

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