After rolling out China's first Internet finance product, Yu'E Bao, in June last year, Alipay, the e-payment arm of Alibaba Group Holding Ltd, is set to launch its first fixed-term wealth management service on Friday in a bid to offer an investment choice for those who are willing to wait longer for bigger returns.
Despite plummeting gold prices, gold output and purchasing in China both hit record highs in 2013, reinforcing expectations that China might overtake India as the top buyer of the precious metal this year, data from the China Gold Association revealed on Monday.
After French newspaper Libration reported on Fumian's prospering jeans industry in 2004, the town in Southwest China's Guangxi Zhuang autonomous region proclaimed itself "world capital of jeans".
According to research done by an environmental non-governmental organization into Xintang town in Guangdong in 2011, which produces a similar quantity of jeans as Fumian, the domestic market leader, the amount of chemicals - copper and cadmium- in the mud of a river bed in the town was over the limit allowed under the State's standards. The cadmium content in one sample was as much as 128 times what is considered to be the safety limit.
Years of effort in upgrading business, especially building a relationship with overseas companies in working together on innovation and technology, has greatly helped at least one company better tap the international market amid the lower global demand for Chinese energy equipment.
China and the European Union are looking forward to a new decade of closer economic ties as the bloc's economy picks up and an investment pact is negotiated, officials say.
As what China buys from Africa continues to center on energy products and resources, its exports to the continent are shifting toward high-end products, a trend that will continue, experts say.
China likely became the world's biggest trader in goods for the first time last year, overtaking the US for all of 2013. While this is no doubt a creditable achievement, it also has far-reaching implications on other economies.
Lu Gaochao is proud to claim that he works with the soul of Gabon: its forests. He logs a section of forest his company bought. Now and again he comes across tribes who have lived there for hundreds of years and who have never had contact with the outside world.
Junheng Li insists she is not as frightening as the title of her new book might suggest.
China needs to understand more about its own identity and values in order to develop effective soft power abroad, says Michael Barr, lecturer in international politics at Newcastle University, England.
The Chinese Banking Regulatory Commission held a key meeting on Jan 6 to propel reform in the Chinese financial and banking system. Given that this is the first commission national conference since the Party's Third Plenum in November and the Central Economic Work Conference in December, the meeting attracted considerable interest, domestically and internationally.
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Raymond Zhou
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