The monthly income of people working in middle or grass-roots positions in China's cities stood at 3,033 yuan ($530) on average at the beginning of the year, up 16.5 percent year-on-year. It's still far below the average wages being earned in first-and second-tier cities, according to a survey by Ganji.com, an online platform for classified ads, and the Market Research and Media Center of Peking University.
China's banks can embrace opportunities thrown up by the country's economic fundamentals and prospects for long-term economic growth, London-headquartered Ernst & Young LLP said in a report on Thursday.
China's property developers face an uphill battle as home sales continue to decline and profits dwindle.
Major global financial institutions on Thursday released a report that advocates and anticipates more open capital markets and increased global use of the yuan.
China's leading chief financial officers appear less optimistic about their companies' financial performance this year than in 2013 and are more cautious about margin growth, according to a survey by Bank of America Merrill Lynch.
Founded in a Hangzhou apartment in Zhejiang province 15 years ago, Jack Ma's Alibaba Group Holding Ltd has grown into a monster conglomerate, dominating one of China's most dynamic economic sectors: e-commerce.
New, cheap supplies from Australia, Brazil pushing global prices down
Flawed purchasing-power method used in report, many experts say
Six months ago Christie's debuted on China's mainland as a sole-funded international auction house. Cai Jinqing remembers the live auction well and talks animatedly about its unexpectedly warm response.
Before the interview, Caroline Cai Jinqing was in conference preparing for the Spring Auction in Shanghai starting on April 26. It's an important event in Christie's China's corporate year.
Chinese tech companies are undergoing price corrections in the US stock market. Analysts said pressure may increase with e-commerce giant Alibaba seeking to raise at least $1 billion through its US IPO.
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Raymond Zhou
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Chen Weihua
